76294 results returned for search: "" category "Business"
Bermuda has concluded negotiations with Portugal over a tax information exchange agreement (TIEA), the Finance Ministry announced last night.
The agreement will provide for a full exchange of information on criminal and civil tax matters between the ...
DATE: Dec 21, 2009
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AUTHOR:
Jonathan Kent
LONDON (Bloomberg) — British Airways Plc chief executive officer Willie Walsh, who won a court ruling on Thursday to thwart a planned holiday-season strike, may have little time to force through the staff cuts he's seeking to help restore profit.
Lon...
DATE: Dec 21, 2009
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NEW YORK (AP) - The snowstorm that blanketed the East Coast, closing malls and snowing in shoppers, spelled trouble for retailers, but elsewhere in the country stores saw a strong turnout on the last weekend before Christmas.
Eager to win business fr...
DATE: Dec 21, 2009
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Hundreds of British Airways customers in Bermuda are each to receive thousands of bonus air miles after their holiday plans were last week thrown into uncertainty by the prospect of a strike by cabin crew.
The company said yesterday the move was to s...
DATE: Dec 21, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — Marsh & McLennan Cos., the second- largest insurance broker, agreed to pay £135 million ($218 million) to HSBC Holdings Plc for a business that places coverage with corporations in the UK, Middle East and Asia.
The cash and sto...
DATE: Dec 21, 2009
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NEW YORK (Bloomberg) — The dollar touched a three-month high against the currencies of major US trading partners as the Federal Reserve said the economy improved while reiterating it will keep borrowing costs low for an "extended period."
The euro dr...
DATE: Dec 21, 2009
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New European Union rules for insurers — due to take effect in 2012 — could drive some British insurers into Bermuda's arms.
One UK insurance giant, Legal & General, is already considering a move out of the UK because of the Solvency II directive, acc...
DATE: Dec 21, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
Four new insurance companies set up in Bermuda last month as 2009 draws to a close.
Leading the way was Orca Life Ltd., a long-term insurer, which was formed by Harbour Management Ltd. on November 11, followed by WLR Re Bermuda Ltd., a Class 3 reinsu...
DATE: Dec 21, 2009
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As forecast in this column recently, the Payments Council Board in the UK has set a target date of October 31, 2018 to close the central cheque clearing system. Cheques will no longer be processed after that date.
The board's logic is that cheque us...
DATE: Dec 19, 2009
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It has been said that the articles that I write are more like homework, very good reads, they'll say (guess not to hurt my feelings), interesting, factual, but often to be put aside to be mulled over later. My co-columnist, Roger, generates more comm...
DATE: Dec 19, 2009
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