76251 results returned for search: "" category "Business"
ATHENS (Bloomberg) — Greece's unemployment rate rose to a six-year high in February as the economy contracted amid tax increases and spending cuts aimed at reducing the second-biggest budget gap in the European Union.
The number of people registered ...
DATE: May 14, 2010
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Butterfield Bank's $130 million rights offering was oversubscribed, the company announced yesterday.
The success of the biggest common share offering in Bermuda's history increases the proportion of the bank that is locally owned.
And it indicates th...
DATE: May 14, 2010
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AUTHOR:
Jonathan Kent
LONDON (Reuters) - British money exchange offices have stopped selling 500 euro banknotes after police discovered the notes were being used almost exclusively by criminals, officials said yesterday.
Britain's Serious Organised Crime Agency (SOCA) sai...
DATE: May 14, 2010
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The boss of a leading Bermuda investment firm believes the two "economic worlds" are forming in the aftermath of the global recession.
Robert Pires, chief executive officer of Bermuda Investment Advisory Services (BIAS), told investors at the firm's ...
DATE: May 14, 2010
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Building materials sales fell by more than a quarter in March, driving retail sales to another negative month.
But in most other retail sectors there were signs that the trend of falling sales of the past two years may be bottoming out.
Figures rele...
DATE: May 14, 2010
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AUTHOR:
Jonathan Kent
NEW YORK (AP) - A late-day slide left stocks lower yesterday following a disappointing forecast from department store chain Kohl's and a drop in financial shares.
The Dow Jones industrial average ended down about 114 points after shooting up by nearl...
DATE: May 14, 2010
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Bermuda-based special purpose insurer (SPI) Lodestone Re Ltd. has been set up to issue $425 million worth of catastrophe bonds to protect Chartis against US hurricanes and earthquakes.
Chartis, the property and casualty insurance arm of American Inte...
DATE: May 14, 2010
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KeyTech Ltd. rose 15.7 percent (95 cents) on The Bermuda Stock Exchange (BSX) yesterday.
The utilities provider traded 2,800 shares to close at $7.
Meanwhile the Ascendant Group Ltd. dropped 4.41 percent (60 cents) to $13, as 22,800 shares changed ha...
DATE: May 14, 2010
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NEW YORK (Bloomberg) - Primus Guaranty Ltd., the Bermuda-based company seeking to rebuild its business of selling debt guarantees to financial companies, reported a $40.9 million loss in the first quarter as it terminated part of the more than $20 bi...
DATE: May 14, 2010
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The Chilean earthquake and European Windstorm Xynthia will cost Bermuda's insurance industry around $2.5 billion in claims, according to figures released in the companies' first-quarter earnings reports.
PartnerRe, Validus Holdings and Everest Re too...
DATE: May 14, 2010
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