76360 results returned for search: "" category "Business"
Alterra Bermuda Ltd has been admitted as an eligible reinsurer for reduced collateral status by the state of New York Insurance Department.
The company, an operating unit of Bermuda-based Alterra Capital Holdings Ltd, will now be able to post collate...
DATE: Jul 11, 2011
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CATEGORY:
International Business
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While everyone knows the story about China and its enormous growth potential, few take the time to consider the scope of the change that has already occurred there. Chinese statistics have often been criticised for being less than accurate and even k...
DATE: Jul 11, 2011
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CATEGORY:
Other
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The US Consulate recognised six shipping companies located in Bermuda for participating in the US Coast Guard’s voluntary search and rescue network, AMVER (Automated Mutual-Assistance Vessel Rescue).
Search and rescue authorities around the world us...
DATE: Jul 11, 2011
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CATEGORY:
Other
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West Hamilton Holdings Ltd was the biggest mover on The Bermuda Stock Exchange (BSX) yesterday.
The developer fell 18.3 percent ($1.40) to $6.25 with 14,000 shares traded.
Bermuda Aviation Services Ltd also dropped 10 percent (40 cents) to $3.60 as 2...
DATE: Jul 11, 2011
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CATEGORY:
Bermuda Stock Exchange
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Bank depositors will be covered for up to $25,000 of their cash in their bank under legislation for a new deposit insurance scheme tabled by Premier and Finance Minister Paula Cox on Friday.
Plans for the Island's first such scheme have been in the w...
DATE: Jul 11, 2011
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CATEGORY:
Economy
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The two top reinsurance executives with Bermuda-domiciled Torus Insurance Holdings Ltd are leaving, the company has confirmed.
Bermuda-based Tim Mardon, the group's president and chief underwriting officer of reinsurance, is set to rejoin his former ...
DATE: Jul 11, 2011
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CATEGORY:
International Business
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An strengthened framework to combat money-laundering has brought a sharp increase in prosecutions and seizures, according to Attorney General and Minister of Justice Michael Scott.
Mr Scott told MPs in the House of Assembly that the work of the Nati...
DATE: Jul 11, 2011
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CATEGORY:
Economy
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NEW YORK (Bloomberg) Caterpillar Inc. used offshore subsidiaries in Bermuda and Switzerland to avoid about $2 billion in US taxes from 2000 to 2009, boosting its earnings through a “tax and financial statement fraud”, according to a Caterpillar execu...
DATE: Jul 11, 2011
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CATEGORY:
International Business
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BEIJING (Reuters) - China’s central bank will raise interest rates once more this year before pausing in its current policy tightening cycle and keep rates on hold in the first half of 2012, a Reuters poll showed.
The People’s Bank of China raised in...
DATE: Jul 08, 2011
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CATEGORY:
Economy
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LONDON (AP) - The Bank of England has kept its key interest rate at an all-time low of 0.5 percent as the tepid economic recovery in Britain continues to outweigh concerns over inflation.
Yesterday’s decision by the nine-member Monetary Policy Commit...
DATE: Jul 08, 2011
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CATEGORY:
Economy
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