77157 results returned for search: "" category "Business"
Gold will go through $2000 an ounce
Gold is down in the dumps right now. This is partly due to the general Christmas wind-down in levels of general trading, as well as concerns about EFT which may or may not hold Gold. Nothing goes up in a straight ...
DATE: Dec 31, 2011
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CATEGORY:
Personal Finance
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Argus Group Holdings Ltd rose 0.96 percent (four cents) on The Bermuda Stock Exchange (BSX) yesterday.
The insurer traded 700 shares to close at $4.20.
Butterfield Bank also saw 10,000 common shares and 40 preference shares change hands, but their sh...
DATE: Dec 31, 2011
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CATEGORY:
Other
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Bermuda’s foreign-currency long-term sovereign credit rating has been lowered by Standard & Poor’s Ratings Services (S&P) who cited the Island’s lack of monetary flexibility as a credit weakness.
The ratings agency yesterday cut Bermuda’s local and ...
DATE: Dec 30, 2011
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CATEGORY:
Other
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In spite of the challenging global economy, Bermuda’s banks have certainly come to the aid of the community.
Between them, this year the Island’s retail banks have given more than $2 million to charities and staff have donated hundreds of hours to vo...
DATE: Dec 30, 2011
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CATEGORY:
Other
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Butterfield Bank rose 2.7 percent (three cents) on The Bermuda Stock Exchange (BSX) yesterday.
The bank traded 1,100 shares to close at $1.15.
Overall the Index was up 14.22 points (1.38 percent) at 1,043.93 with 1,100 shares worth $1,265 changing ha...
DATE: Dec 30, 2011
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CATEGORY:
Bermuda Stock Exchange
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Shoppers have been out in large numbers this week snapping up everything from jewellery to shoes in deeply discounted sales throughout the Island.
“I bought five pairs of shoes for $230,” said one happy shopper after her visit to Boyle’s on Queen Str...
DATE: Dec 30, 2011
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CATEGORY:
Other
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Billionaire hedge fund executive Steven Cohen is dipping his toe even further into the reinsurance market with the purchase of a 5.2 percent stake in Bermuda-based Validus Re.
The stock purchase by Mr Cohen’s SAC Capital Advisors’ is a passive invest...
DATE: Dec 29, 2011
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CATEGORY:
Reinsurance
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The Ace Group has announced that it has acquired Rio Guayas Compania de Seguros y Reaseguros, a general insurance company in Ecuador that is owned by Banco de Guayaquil, for approximately $55 million in cash.
Founded in 1993 and currently the fourth-...
DATE: Dec 29, 2011
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CATEGORY:
Reinsurance
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Bermuda-based Aurigen Reinsurance Ltd has sponsored Credit Agricole Securities (USA) Inc’s placement of CA$120 million of notes issued by Vecta I Ltd the first securitisation of Canadian life insurance embedded value.
The deal also covered a closed b...
DATE: Dec 29, 2011
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CATEGORY:
Reinsurance
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St. George’s business owners have asked Government for six fast ferry visits and shuttle buses from Dockyard in 2012 as they look to take a “new approach” to boosting tourism in the New Year.
Cheryl Hayward-Chew, head of the East End Division of the ...
DATE: Dec 29, 2011
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CATEGORY:
Other
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