76370 results returned for search: "" category "Business"
Standard & Poor's said on Friday that it may downgrade the ratings of Everest Re Group Ltd. because the insurer's underwriting performance fell below the rating agency's expectations.
S&P has A- counterparty credit ratings on Everest and its US-based...
DATE: Dec 22, 2008
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TORONTO (AP) — The federal and Ontario governments will provide the Canadian subsidiaries of US automakers with 4 billion Canadian dollars ($3.29 billion) in emergency loans, the prime minister said on Saturday.
The announcement follows a pledge Frid...
DATE: Dec 22, 2008
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West Hamilton Holdings took the biggest hit of the week on The Royal Gazette/Bermuda Stock Exchange Index (BSX).
The developer of one of Hamilton latest building projects at Belvedere Place tumbled 24.52 percent ($3.25) to $10, with 12,997 shares tra...
DATE: Dec 22, 2008
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The Federal Reserve, in the recent announcement of its policy direction, slashed the target fed-funds rate to a range of 0 to 0.25 percent. This didn't come as a huge surprise, because the effective rate was already well below the previous target of ...
DATE: Dec 22, 2008
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new york (Bloomberg) — The dollar weakened to the weakest level against the euro since late September as the Federal Reserve cut the target lending rate to near zero.
The yen rose for a seventh week versus the dollar, its longest rally since December...
DATE: Dec 22, 2008
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LONDON (Reuters) - International Monetary Fund chief Dominique Strauss-Kahn said a lack of fiscal stimulus by governments to tackle the global slowdown may make a bad 2009 even worse, according to an interview released yesterday.
Strauss-Kahn told BB...
DATE: Dec 22, 2008
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DUBLIN (Bloomberg) — Ireland will pump 5.5 billion euros ($7.7 billion) into its three largest banks and take control of Anglo Irish Bank Corp. to protect the nation's financial-services industry from collapse after credit markets froze.
The governme...
DATE: Dec 22, 2008
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NEW YORK (Bloomberg) — The world's biggest bond investors can't stop buying Treasuries even though they're comparing government debt to Internet stocks just before the technology bubble burst.
The worst economy since World War II, credit-market losse...
DATE: Dec 22, 2008
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XL Capital Ltd. suffered its third downgrade in a week on Friday, when Moody's cut the company's senior debt rating to Baa2 from Baa1.
The ratings agency also downgraded the Bermuda-based business insurer's insurance financial strength rating to A2 f...
DATE: Dec 22, 2008
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AUTHOR:
Jonathan Kent
Validus Reinsurance Ltd. has had its A- (excellent) financial strength rating affirmed by AM Best.
The New Jersey-based ratings agency also affirmed also the Bermuda-based reinsurer's issuer credit rating at "a-", with a stable outlook for all rating...
DATE: Dec 22, 2008
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