76353 results returned for search: "" category "Business"
HAMILTON, Bermuda (AP) - Legislators in Bermuda have nearly doubled the government's borrowing limit to $1 billion to protect the island from the global economic crisis.
Finance Minister Paula Cox says the new law also created a $250 million financia...
DATE: Mar 09, 2009
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Bermuda-based insurer Max Capital plans to expand its European operation, using its existing Dublin office as a springboard and creating a number of new jobs there, according to Irish newspaper The Sunday Business Post.
The paper said that company, w...
DATE: Mar 09, 2009
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Bermuda's newly-redesigned bank notes are set to hit the streets today, with the new notes available in all of the banks' branches Island-wide.
The Bank of Bermuda, Bermuda Commercial Bank, Butterfield Bank, Capital G and First Bermuda Savings and Lo...
DATE: Mar 09, 2009
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Bermuda is expected to be on British Prime Minister Gordon Brown's blacklist of harmful tax havens set to be unveiled before the London G20 meeting next month, according to UK Sunday newspaper, The Observer.
The paper said the list is expected to inc...
DATE: Mar 09, 2009
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LONDON (Reuters) - Britain will get a stake of up to 77 percent in Lloyds Banking Group after agreeing a deal to underwrite £260 billion ($370 billion) of risky assets, the struggling bank said on Saturday.
Lloyds said it would give the government £1...
DATE: Mar 09, 2009
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NEW YORK (Reuters) - With stocks mired in multi-year lows and the fate of General Motors (GM) and banks hanging in the balance, investors are unlikely to curb their flight from risk this week, putting Wall Street on track for another brutal sell-off....
DATE: Mar 09, 2009
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Bermuda-based Dockwise Ltd. saw its revenue rise 57.4 percent over the past year, while it recovered from a $75.8 million loss in 2007 to post a $47 million profit for 2008.
The company's revenue climbed from $290.1 million two years ago to $456.6 mi...
DATE: Mar 09, 2009
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In the financial markets, fear is a more potent emotion than greed. And we are currently witnessing the presence of widespread fear. This is making itself felt in a beaten up stock market and the flight to what are considered safe-haven assets. But p...
DATE: Mar 09, 2009
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NEW YORK (Reuters) - The dollar slid versus the euro on Friday, as investors locked in gains and pared back safe-haven trades on the greenback, emboldened by US payrolls data showing job losses were less severe than many had feared.
The euro/dollar p...
DATE: Mar 09, 2009
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OTTAWA (Bloomberg) - The Canadian Auto Workers (CAW) union said it reached a tentative agreement with General Motors Corp. (GM) to freeze wages and pensions until 2012 and force workers and retirees to pay a monthly health-care fee in an effort to re...
DATE: Mar 09, 2009
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