76370 results returned for search: "" category "Business"
LONDON (Reuters) - British retail sales fell at their fastest annual pace in at least a quarter of a century in early December as the key Christmas season got off to a dismal start, a survey indicated yesterday. The Confederation of British Industry'...
DATE: Dec 18, 2008
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International business continues to be the key player in Bermuda's economy, as borne out by the latest figures released by Government.
The Department of Statistics Gross Domestic Product report revealed that the sector registered double digit growth ...
DATE: Dec 18, 2008
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LONDON (AP) — BAA Ltd. should be forced to sell two airports serving London and one in Scotland, the government's anti-monopoly agency said yesterday.
The Competition Commission said that, subject to a final consultation, BAA will be required to sell...
DATE: Dec 18, 2008
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Stocks continued their downward spiral on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday, with the banking and utilities sector hardest hit.
Belco Holdings Ltd. saw its share value fall 50 cents (3.22 percent) to $15, with 500 shares ...
DATE: Dec 18, 2008
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Potential tax revenue that leaves the US as a result of the much-discussed Bermuda insurance "loophole" amounts to less than $200 million a year, according to a Citigroup analyst.
And in years when major catastrophes spark enormous insurance claims, ...
DATE: Dec 18, 2008
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AUTHOR:
Jonathan Kent
Bermuda's property market will present many opportunities for developers, landlords and tenants alike, despite the current economic crisis, according to Sir John Swan.
The developer and former Premier, whose company Seon Place Ltd. is presently const...
DATE: Dec 18, 2008
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XL Capital Ltd.'s financial strength rating was yesterday downgraded to A from A+ by Fitch Ratings, on concerns over the company's invesment portfolio.
It is the second downgrade for the Bermuda-based business insurer since it gave guidance last week...
DATE: Dec 18, 2008
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — Representative Elijah Cummings said American International Group Inc., the insurer bailed out by the government, shouldn't be giving executives as much as $4 million in retention pay.
"Why are we trying to retain folks by givin...
DATE: Dec 18, 2008
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NEW YORK (Bloomberg) — American International Group Inc., which already has suffered more than $60 billion in writedowns and losses, may have to absorb almost $30 billion more because of flaws in the way its holdings are valued.
An examination of AIG...
DATE: Dec 18, 2008
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TORONTO (Reuters) - With the Toronto Stock Exchange closed yesterday because of technical problems, shares of some interlisted Canadian companies saw mixed action south of the border.
EnCana Corp, Canada's No.1 oil and gas producer, dropped 3.03 perc...
DATE: Dec 18, 2008
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