76292 results returned for search: "" category "Business"
NEW YORK (Reuters) - The dollar suffered its biggest loss against a basket of six currencies in a month and a half on Friday after an unexpected drop in US non-farm payrolls dented expectations interest rates will rise any time soon.
The greenback al...
DATE: Jan 11, 2010
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Bermuda is being promoted as a top destination for executives by Canadian private jet charter company SwiftJet Inc.
The company, which put out a news release on the wires, said that the Island was popular with jet-setting businessmen enjoying the ben...
DATE: Jan 11, 2010
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XL Capital Ltd. is to move its holding company’s domicile from the Cayman Islands to Ireland, the Bermuda insurance industry leader said today.
XL said it expects the move to take place by July pending regulatory approval.
XL spokeswoman Carol Parker...
DATE: Jan 11, 2010
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The Bermuda Stock Exchange (BSX) dropped 52.64 points (2.6 percent) during the first week of January.
The Index hit 2,019.77, with 194,893 shares worth BD$746,860.55 and 161 shares worth US$1,859.55 traded.
Among the biggest movers and shakers were A...
DATE: Jan 11, 2010
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The global economic downturn taken its toll on Bermuda-based companies during 2009 with share prices dropping and The Royal Gazette/Bermuda Stock Exchange Index closing the year almost 40 percent lower.
That is according to a report released by the B...
DATE: Jan 11, 2010
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WASHINGTON (AP) - Lawmakers are preparing to investigate revelations that the Federal Reserve Bank of New York, led at the time by Timothy Geithner, pushed for greater secrecy on controversial bailout decisions.
Senate and House Republicans called on...
DATE: Jan 11, 2010
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A unit of Bermuda-based Endurance Specialty Holdings Ltd. must cover defence costs for a brokerage that placed coverage and provided other services to the bank at the centre of the notorious Stanford Financial Group fraud, a federal court judge has ...
DATE: Jan 11, 2010
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Bermuda Press (Holdings) Ltd.'s newly-appointed CEO Jonathan Howes is relishing the challenge of consolidating and modernising the group as a whole.
Mr. Howes, who already has an extensive knowledge and understanding of the business having been The R...
DATE: Jan 11, 2010
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Initial estimates point to a widening of Bermuda's fiscal deficit as revenue fell short of budget targets and capital spending increased, according to the latest report by the Economist Intelligence Unit.
The report revealed that despite official dat...
DATE: Jan 11, 2010
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FDIC sells $1B in loans
WASHINGTON (AP) -- The Federal Deposit Insurance Corp. has sold about $1 billion in troubled loans from 22 banks that failed during the past 18 months as it works through an inventory of assets from the institutions it has tak...
DATE: Jan 11, 2010
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