76339 results returned for search: "" category "Business"
The deterioration in the housing market and overall Bermuda economy is feeding through into weakened earnings at the banks, new economic figures on the state of the banking sector show.
The figures also suggest there’s a growing “shadow inventory” of...
DATE: Feb 26, 2013
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CATEGORY:
Local Business
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It’s been rumoured for a couple of months now, but according to The Financial Times, it’s a done deal — Goldman Sachs has sold off a 75 percent stake in Bermuda-based Ariel Re.
The Wall Street investment bank only bought Ariel’s insurance and reinsur...
DATE: Feb 26, 2013
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CATEGORY:
International Business
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In the digital age of tablets, e-readers and downloads, can traditional bookstores survive?
The Bermuda Bookstore on Queen Street has been selling books since around the middle of the last century. It is filled from floor to ceiling with just about e...
DATE: Feb 25, 2013
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
NEW YORK (Bloomberg) — American International Group Inc. plans to rebuild life-insurance sales outside the US after divesting operations in Asia and Europe to help repay a taxpayer bailout, chief executive officer Robert Benmosche said.
“We’re going ...
DATE: Feb 25, 2013
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CATEGORY:
International Business
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The BSX finished the week unchanged at 1,103.20, after five days of trading saw $97,460 worth of domestic company shares traded and a further $16,211 of shares in international companies trading hands.
The most active stock during the week was Bank o...
DATE: Feb 25, 2013
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CATEGORY:
Bermuda Stock Exchange
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In an article that was published on page 25 of The Royal Gazette on Friday, February 15, 2013, we regrettably included a photograph of a residence which we mistakenly identified as #13 Long Ridge Pass. Given that the article dealt with the issue of p...
DATE: Feb 25, 2013
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CATEGORY:
Local Business
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The number of condos sold in the City of Hamilton has dropped sharply in the last five years.
Figures for 2012 confirm that the number of closed sales in Hamilton has been reduced year over year since 2008, when they spiked.
“A major part of the rea...
DATE: Feb 25, 2013
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CATEGORY:
Local Business
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Last week the man in the street got exactly what he asked for ... at least in Bulgaria.
For many days, thousands of anti-government protesters had been mobbing the streets of the capital city Sofia, chanting, "Everybody out."
And indeed, a good par...
DATE: Feb 23, 2013
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CATEGORY:
Personal Finance
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AUTHOR:
Bryan Dooley
KPMG Advisory said today it has been named Joint Receivers to the Coral Beach & Tennis Club and Horizons.
Together with the mortgage holder, Swedbank AB New York Branch (Swedbank), and their agents, the Joint Receivers are currently taking steps to f...
DATE: Feb 22, 2013
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CATEGORY:
Local Business
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Multimillion redevelopment plans for the facilities at Horseshoe Bay Beach have ground to a halt — with the matter under review by the Ministry of Public Works.
A lawyer representing the South Shore Hospitality Group (SSHG) confirmed that the busines...
DATE: Feb 22, 2013
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CATEGORY:
Local Business
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