77160 results returned for search: "" category "Business"
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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Butterfield Bank fell 1.6 percent in heavy trading on the Bermuda Stock Exchange (BSX) yesterday.
The bank slipped two cents to $1.23 on the trading of 172,600 shares.
The bank has attracted some strong trading activity since reporting a $207 million...
DATE: Mar 02, 2011
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CATEGORY:
Bermuda Stock Exchange
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RenaissanceRe Holdings Ltd said last night that chief executive officer Neill Currie has adopted a pre-arranged stock trading plan to sell up to 150,000 of his RenRe shares to diversify his portfolio and to facilitate personal income tax planning.
Th...
DATE: Mar 02, 2011
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CATEGORY:
Reinsurance
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Bermuda-based reinsurer Maiden Holdings Ltd saw full-year profits rise by more than 14 percent to nearly $70 million last year, the company reported last night.
Maiden said fourth-quarter profits were also up by 14.4 percent, year on year, to $19.1 ...
DATE: Mar 02, 2011
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CATEGORY:
Reinsurance
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