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Bermuda-based Bacardi Ltd., the world's largest privately held spirits company, has announced a mutual agreement with Brown-Forman to end their distribution arrangements in Germany and not to renew their distribution contract which expires at the end...

LONDON - European shares closed higher as strong manufacturing data from the US reinforced the view the economy is on the mend, boosting banking stocks, while miners rose on firmer metals prices. The FTSE 100 closed at 5,247.41 points, up 58.89 or 1....

DAVOS, Switzerland (Reuters) - Russian businessmen at the World Economic Forum in Davos struck a gloomy note this week, with many uncertain about the country's direction and others warning a climate of corporate fear could hamper growth. The wealthy ...

Capitalisation and returns on capital are likely to remain broadly supportive of the Bermuda market re/insurers' ratings over the next year to 18 months months despite cyclical pressures, according to Fitch Ratings. Fitch's expectation is that the Is...

NEW YORK (Bloomberg) — The dollar rose to a six-month high against the euro and increased the most in three weeks versus the yen as US gross domestic product exceeded forecasts, growing at the fastest pace since 2003. The euro headed for its biggest ...

SINGAPORE (Bloomberg) — Dubai Airports, the government-owned airfield operator, plans to seek approval for expansion plans costing "billions of dirham" undeterred by the emirate's need for a $20 billion bailout last year. The company will make a reco...

Local stocks gained this week, thanks mainly to a near 20 percent increase in the value of shares of Ascendant Group. The energy group, which owns electricity provider Belco, jumped $2.95, or 19.9 percent, on the trading of just 170 shares last week....

NEW YORK (Reuters) - A controversial regulatory filing detailing the federal bailout of American International Group Inc could put the spotlight back on the former executive who headed the division most responsible for the insurer's near collapse in ...

WASHINGTON (Reuters) - US safety regulators are satisfied with a Toyota Motor Corp. plan for fixing an accelerator problem that is part of a widening global recall and unprecedented sales and production halt, a government official said. National High...

NEW YORK (Reuters) - The adage "as January goes, so goes the year" bodes ill for equity investors after the S&P 500 closed out its worst month in almost a year. This week, they will have to contend with fears of sovereign defaults and the potential f...