76354 results returned for search: "" category "Business"
Bermuda stocks hit their lowest level since December 2003 after a sharp fall on The Royal Gazette / Bermuda Stock Exchange (BSX) index last week.
Driven by falls in the value of banks and utilities, the BSX Index fell 122.64 points, or 4.29 percent, ...
DATE: Feb 23, 2009
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TORONTO (Reuters) - It's a problem most of the world's bankers would love to have in 2009.
Canadian banks are expected to post weaker quarterly results when they kick off their reporting season on Wednesday.
Yet unlike many US and European lenders — ...
DATE: Feb 23, 2009
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LONDON (AP) — British banks need to be better regulated and have a stronger domestic focus, Prime Minister Gordon Brown said yesterday.
Banks should shake up their bonus culture and focus more on traditional activities such as mortgages and business ...
DATE: Feb 23, 2009
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NEW YORK (Bloomberg) — The euro reached the lowest level against the dollar in three months on speculation financial turmoil in eastern Europe may deepen the recession in the 16 nations that use the currency.
The yen fell for a fourth week against th...
DATE: Feb 23, 2009
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BERLIN (Reuters) - European leaders agreed yesterday to push for a global crackdown on tax havens and strict new regulation of hedge funds as part of a sweeping overhaul of financial rules designed to prevent future market meltdowns.
They proposed dr...
DATE: Feb 23, 2009
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Bermuda-based RenaissanceRe Holdings Ltd. announced today that senior vice-president Ian Branagan has been promoted to the position of chief risk officer, effective immediately.
Mr. Branagan will replace Todd Fonner, who will now concentrate on his r...
DATE: Feb 23, 2009
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Bermuda-based Scottish Re announced on Friday the completion of its ING individual life reinsurance business to Hannover Re.
The transaction received all necessary regulatory approvals.
Paul Goldean, chief executive officer of Scottish Re said: "It ...
DATE: Feb 23, 2009
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CHRISTIANSTED, US Virgin Islands (Reuters) - From the top of Recovery Hill, thick brush gives way to views of St. Croix's northern coast and largest city, where waterfront cafes and bobbing sailboats line the aquamarine sea.
It's easy to see why bill...
DATE: Feb 23, 2009
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LONDON (Bloomberg) — Royal Bank of Scotland Group Plc plans to cut costs by more than £1 billion ($1.44 billion), partly by scaling back investment banking, as chief executive officer Stephen Hester tries to rescue the lender, a person familiar with ...
DATE: Feb 23, 2009
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Phuket, Thailand (Bloomberg) — Asian nations will form a $120 billion pool of foreign-exchange reserves that can be used by countries to defend their currencies in an expansion of efforts to battle fallout from the global financial crisis.
Finance mi...
DATE: Feb 23, 2009
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