76339 results returned for search: "" category "Business"
NEW YORK (Bloomberg) — Insurance regulators are too dependent on ratings firms and need alternatives to companies like Standard & Poor's and Moody's Investors Service, said New York's chief industry watchdog, Kermitt Brooks.
"We've relied too much on...
DATE: Jul 14, 2009
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Bacardi International's president and CEO Michael Brennan will be watching with keen interest to see whether the US lifts its trade embargo with Cuba.
Mr. Brennan, who took time out from his busy schedule to talk exclusively to The Royal Gazette at t...
DATE: Jul 13, 2009
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Butterfield Bank has announced the resignation of Graham Brooks as a director of the bank, with effect from the end of last month.
Mr. Brooks is executive vice-president of international investment at the bank and in September last year was due to be...
DATE: Jul 13, 2009
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Hedge funds, in general, had a very difficult time last year. Their overall performance was dismal, investors departed in droves and, to cap it all, the Madoff scandal sapped confidence in the industry.
Of course, the poor average returns included bo...
DATE: Jul 13, 2009
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NEW YORK (Bloomberg) — Bermuda companies Aspen Insurance Holdings Ltd., Arch Capital Group Ltd. and Endurance Specialty Holdings Ltd. may seek to buy reinsurers after Island-based rivals Validus Holdings Ltd. and PartnerRe Ltd. announced takeovers th...
DATE: Jul 13, 2009
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The steady increase in the cost of food over the past year-and-a-half has been attributed to rising shipping prices and pressure on the US food markets, according to the Island's supermarket owners.
The food sector was the biggest contributor to the ...
DATE: Jul 13, 2009
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MIAMI (Reuters) - The US government and UBS AG asked a federal judge yesterday to delay the start of a closely-watched trial, as they seek to resolve their dispute over US demands for the identities of thousands of wealthy Americans suspected of usin...
DATE: Jul 13, 2009
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TORONTO (Reuters) - China's purchase of a C$1.74 billion ($1.5 billion) stake in Teck Resources may be just the opening move from the world's top resource consumer in a strategy to use its unique wealth advantage to become a key source of mining capi...
DATE: Jul 13, 2009
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JPMorgan has de-lists 14 of its sub-funds from the Bermuda Stock Exchange (BSX).
The financial services firm voluntarily de-listed the funds of the JP Morgan Funds umbrella, including the America Large Cap Fund, China Fund, Emerging Markets Debt Fund...
DATE: Jul 13, 2009
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Five new re/insurance companies set up in Bermuda last month, according to the latest statistics released by the Bermuda Monetary Authority (BMA).
The BMA's most recent listing revealed that four Class 3 re/insurers and one long-term insurer incorpor...
DATE: Jul 13, 2009
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