76342 results returned for search: "" category "Business"
Around four dollars in every ten of deposits in Bermuda's banks are held by non-residents — and any sudden withdrawal of a large proportion of that money would put pressure on the Island's balance of payments and its fixed exchange rate with the US d...
DATE: May 18, 2009
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AUTHOR:
Jonathan Kent
LONDON (Reuters) - Demand for disaster derivatives is surging as insurers seek alternatives to scarce reinsurance and expensive catastrophe bonds, with the forthcoming North Atlantic hurricane season likely to give a further boost.
Prices are at reco...
DATE: May 18, 2009
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TORONTO (Bloomberg) — Canada's currency fell the most in five days since January, after six straight weeks of gains, as concern that the global recession won't ease soon dulled investors' appetite for riskier assets such as stocks and commodity-linke...
DATE: May 18, 2009
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london (Bloomberg) — Commercial rents in the UK probably will fall until 2012 as landlords lose tenants in the deepening recession, the global head of research at Deutsche Bank AG's real-estate asset management unit said.
"It's all pretty grim on the...
DATE: May 18, 2009
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LONDON (Reuters) - Victor Blank is to step down as chairman of Lloyds Banking Group in the next year, following intense criticism of his part-nationalised British bank's purchase of troubled rival HBOS. This year's takeover of HBOS has saddled Lloyds...
DATE: May 18, 2009
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A 30 percent surge in the value of Butterfield Bank shares helped The Royal Gazette / Bermuda Stock Exchange (BSX) Index rise for a fourth successive week.
The bank rose $1.20 over the five days of trading to reach $5.20, on the trading of more than ...
DATE: May 18, 2009
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LONDON (Reuters) — Bermuda insurer Lancashire Holdings reported a 23 percent drop in premium income in the first quarter, but said it expects to benefit from rising insurance prices in the months ahead, sending its shares higher.
Lancashire had gross...
DATE: May 18, 2009
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Offering investment products that are not directly correlated to the financial markets could be one of the keys to persuading investors to get their money back to work in these uncertain times.
That is the view of Fabian Schonenberg, of Tromino Finan...
DATE: May 18, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
BERLIN (AP) — Volkswagen AG said yesterday it was indefinitely postponing talks over a planned integration with Porsche SE, but the sports car maker insisted that only the next round had been cancelled.
As the power struggle between two of Germany's ...
DATE: May 18, 2009
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For the past two weeks, this column has discussed the use of Bermuda-issued credit cards outside the Island. Bermuda cards lack a computer chip and the required pin number to approve their use. They are not required, but are often wrongly demanded by...
DATE: May 16, 2009
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