75993 results returned for search: "" category "Business"
HSBC Bermuda's net pre-tax profit rose 15 percent to $254 million in 2010, boosted by a one-off gain from the sale of a subsidiary.
Underlying profit - which strips out the $31 million booked from the transfer of HSBC Insurance (Bermuda) Ltd to anoth...
DATE: Mar 04, 2011
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CATEGORY:
Economy
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Construction is beginning on a $7 million commercial warehouse at Industrial Park Road, Southampton bucking the trend of the crisis-hit industry in which hundreds of workers remain unemployed.
National Ltd whose vice-president is former Police Commis...
DATE: Mar 04, 2011
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CATEGORY:
Other
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AUTHOR:
Tim Smith
NEW YORK (AP) A federal appeals panel reviewing a compensation plan for former clients of disgraced financier Bernard Madoff cast doubt on claims by the embattled owners of the New York Mets and other investors that they have a right to keep millions...
DATE: Mar 04, 2011
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CATEGORY:
Economy
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NEW YORK (Bloomberg) The euro will rally to a 13-month high by June as the European Central bank raises interest rates, then “fade away” as the economy weakens, said John Taylor of FX Concepts LLC, the world’s largest currency hedge fund.
The shared ...
DATE: Mar 04, 2011
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CATEGORY:
Economy
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Stafford Flooring Ltd has gone international with the opening of a new branch in the Cayman Islands.
The company, which has been supplying flooring services to Bermuda for more than 20 years, sees the new branch as being a gateway to potential new bu...
DATE: Mar 03, 2011
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CATEGORY:
Other
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Bermuda-based re/insurer Tokio Millennium Re Ltd (TMR) has won authorisation to carry on insurance business in Australia.
The company said yesterday that the Sydney-based branch will produce property and casualty treaty opportunities emanating from A...
DATE: Mar 03, 2011
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CATEGORY:
Reinsurance
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LOM (Holdings) Limited led the way as three stocks advanced on the Bermuda Stock Exchange yesterday.
Shares in LOM improved by $0.35 (10.93 percent) to close at $3.55 on a traded volume of 600. Also improving in value was BF&M Ltd, with a $0.94 (6.73...
DATE: Mar 03, 2011
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CATEGORY:
Bermuda Stock Exchange
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Butterfield Bank shares surged 4.9 percent on the Bermuda Stock Exchange after a week of above average trading activity following the bank’s release of annual results.
In the six trading days since Butterfield announced a loss of $207.6 million for 2...
DATE: Mar 03, 2011
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CATEGORY:
Bermuda Stock Exchange
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OMAHA (AP) Billionaire Warren Buffett said yesterday the US economy continues to improve and doesn’t need as much government help as it is currently getting.
Buffett appeared for three hours Wednesday on CNBC four days after releasing his annual lett...
DATE: Mar 03, 2011
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CATEGORY:
Economy
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WASHINGTON (Reuters) - Federal Reserve chairman Ben Bernanke said yesterday the surge in oil prices is unlikely to hurt the US economy unless it is sustained, even as investors sold off equities on fears of a slowdown.
Bernanke, making his first comm...
DATE: Mar 02, 2011
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CATEGORY:
Economy
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