76342 results returned for search: "" category "Business"
Bermuda, the Caymans and the Isle of Man have all been lumped in with a list of other jurisdictions which "allow companies to set up a PO Box number and claim they operate fully there".
A press statement by the US Treasury this week singled out Irela...
DATE: May 07, 2009
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Finance Secretary Donald Scott has written to the OECD to complain that its progress report on international tax transparency is "flawed and misleading" and that some jurisdictions may have been preferentially treated.
The letter, obtained by The Roy...
DATE: May 07, 2009
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AUTHOR:
Jonathan Kent
Belco Holdings Ltd. fell 25 cents (1.51 percent) to $16.25 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The utilities company traded 1,000 shares.
But Argus Group Holdings Ltd. rose 45 cents (6.87 percent) to $7, as 1,000 shares...
DATE: May 07, 2009
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NEW YORK (Bloomberg) - Primus Guaranty Ltd., a manager of $21.5 billion in credit-default swaps that lost its top credit ratings last year, posted a first-quarter net profit as the market value of the derivatives improved.
Net income was $106.8 milli...
DATE: May 07, 2009
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Bermuda-based Associated Electric & Gas Insurance Services Ltd. (AEGIS) has seen its financial strength ratings downgraded to A- (excellent) from A (excellent) and issuer credit rating to "a-" from "a" by AM Best Co.
Both ratings have been removed fr...
DATE: May 07, 2009
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NEW YORK (Reuters) - Marsh & McLennan Cos Inc., the second-largest global insurance broker, posted a first-quarter profit yesterday, reversing a year-earlier loss, as lower costs helped offset a decline in revenue.
The company's largest division, ris...
DATE: May 07, 2009
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Endurance Specialty Holdings Ltd. saw its profits hold firm despite the continued turbulence in the underwriting and investment markets, according to its chairman and CEO Kenneth LeStrange.
The insurer's net income was up slightly at $78.3 million or...
DATE: May 07, 2009
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NEW YORK (Reuters) - Regulators are ordering some of the largest US banks to get tens of billions of dollars of capital to cushion themselves in the event of a deep economic downturn.
While the capital shortfalls at the 19 largest US banks are much l...
DATE: May 07, 2009
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TORONTO (Reuters) - Toronto's main stock index shot through the 10,000-mark to its highest close in six months yesterday as resource and financial issues led a rally fueled by optimism that the global economy is stabilising.
Aiding the sentiment was ...
DATE: May 07, 2009
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How is satellite navigation on a cell phone going to change your life? Forget about fears of nasty government types tracking your every move. Instead think of the satisfaction you will get defeating cheating taxi drivers. This was the story recounted...
DATE: May 06, 2009
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