76339 results returned for search: "" category "Business"
BEIJING (AP) — The World Bank raised its 2009 economic growth forecast for China from 6.5 percent to 7.2 percent due to its stimulus-driven investment boom but cautioned yesterday it was too soon to say a sustained recovery was on the way.
The stimul...
DATE: Jun 19, 2009
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Butterfield Asset Management has frozen its Liquid Reserve Fund Ltd., fuelling fears over the safety of investors' money held in the fund.
The fund took the decision to suspend subscriptions and redemptions this week.
The decision was made following ...
DATE: Jun 19, 2009
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LONDON (Reuters) - British retail sales fell in May, major lenders have slashed credit lines to firms and export demand slumped at its sharpest rate in more than a decade, taking the shine off recent optimism about economic recovery.
There have been ...
DATE: Jun 19, 2009
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Axis Capital Holdings Ltd. has promoted William Fischer to the position of chief executive officer of its reinsurance segment AXIS Re.
In his new role, Mr. Fischer will report directly to John Charman, CEO and president of Axis Capital, and be respon...
DATE: Jun 19, 2009
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NEW YORK (Reuters) - The former head of ailing US insurance giant AIG told a court that he had a private jet fly a large block of the company's stock to Bermuda from New York to prevent AIG from seizing it.
"It was a reaction to the entire environmen...
DATE: Jun 19, 2009
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PricewaterhouseCoopers yesterday announced, subject to approval from the Department of Immigration, the admission of Arthur Wightman to the partnership, effective July 1, 2009.
Mr. Wightman has more than 11 years of professional services experience w...
DATE: Jun 19, 2009
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NEW YORK (AP) - Investors cannot seem to get the stock market rally back up to full speed again.
Stocks closed mostly higher but off their best levels yesterday following three straight days of losses. Investors piled back into financial and health c...
DATE: Jun 19, 2009
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NEW YORK (Bloomberg) — Gulf Keystone Petroleum Ltd., an explorer in Algeria and Kurdistan, said its full-year net loss widened last year on lower oil prices and an impairment charge. The loss widened to $59 million from $29.9 million in 2007, the Ber...
DATE: Jun 19, 2009
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LONDON - Strength in Vodafone and defensive tobacco stocks pushed Britain's top share index into positive ground by close, but gains were muted and offset by sliding commodity stocks. The FTSE 100 closed at 4,280.86 points, up 2.4 or 0.06 percent.
@M...
DATE: Jun 19, 2009
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LONDON (AP) — A pilots' union called on members at British Airways to accept pay cuts and productivity concessions to save the troubled carrier £26 million ($42.2 million) a year.
In return, pilots would be offered shares of BA stock if the company a...
DATE: Jun 19, 2009
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