75993 results returned for search: "" category "Business"
The Bermuda re/insurance market will pay out more than half the claims from February’s New Zealand earthquake, according to preliminary loss data from the world’s major insurance groups.
The remarkable statistic highlights the growing global importan...
DATE: Apr 18, 2011
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CATEGORY:
Reinsurance
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WASHINGTON (AP) The world’s major economies have reached an agreement on how to measure the types of dangerous imbalances that contributed to the worst global financial downturn in seven decades.
Yesterday’s deal was announced in a joint statement is...
DATE: Apr 16, 2011
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CATEGORY:
Economy
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NEW YORK (Bloomberg) Last week the Federal Reserve bravely released 894 PDF files containing 29,346 pages that detailed its heroic actions during the financial crisis.
These documents revealed how open-minded the Fed can be when it needs to be. Local...
DATE: Apr 16, 2011
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CATEGORY:
Other
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Telecommunications company KeyTech Ltd gained 1.6 percent in Bermuda Stock Exchange trading yesterday.
The owner of the Bermuda Telephone Company, M3 Wireless and Logic Communications rose 10 cents to close on $6.35 on the trading of 10,000 shares.
A...
DATE: Apr 16, 2011
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CATEGORY:
Bermuda Stock Exchange
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Q: Freeport McMoRan Copper & Gold Inc. has been a very good stock for me, but I wonder about what the general outlook is for commodities. What is your take? B.V., via the internet
A: Global demand for copper will continue to come largely from China, ...
DATE: Apr 16, 2011
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CATEGORY:
Personal Finance
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Shares of Bermuda-based bond insurer Assured Guaranty Ltd jumped more than 29 percent in morning trading yesterday after the company said Bank of America will pay $1.1 billion to settle the Assured's demands that the lender buy back faulty mortgages....
DATE: Apr 16, 2011
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CATEGORY:
Reinsurance
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WASHINGTON (Bloomberg) US companies face the sixth-highest effective tax rate in the world, according to a study by PricewaterhouseCoopers LLP.
The tax rate for the largest US companies between 2006 and 2009 was 27.7 percent, compared with a non-US a...
DATE: Apr 15, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) US Uncut, a group protesting corporate tax issues and government service cutbacks, claimed responsibility for a fake press release that said General Electric Co would return a “$3.2 billion tax refund”.
The release, which was pic...
DATE: Apr 15, 2011
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CATEGORY:
International Business
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GENEVA (AP) Privately held commodities trader Glencore International plans to float part of its stock for up to $11 billion next month, making it one of the largest public share offerings in recent years.
Dubbed “the biggest company you’ve never hear...
DATE: Apr 15, 2011
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CATEGORY:
International Business
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A woman had to fork out $14,000 of her own money for life-saving surgery because her employer failed to pay her health insurance.
The woman, who asked not to be named, is among a number of former employees at the Sovereign Group who were left with me...
DATE: Apr 15, 2011
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CATEGORY:
Other
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