76372 results returned for search: "" category "Business"
LONDON (Bloomberg) - UK treasury chief secretary Yvette Cooper said the government does not target the pound and Europe Minister Caroline Flint raised the prospect of a halt to the currency's slide after it reached a record low against the euro.
"We'...
DATE: Dec 15, 2008
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The planned departure of a group of Bermuda-based corporations to Switzerland has attracted the attention of leading financial newspaper The Wall Street Journal.
In a story published on Friday, under the headline "Swiss gain as tax plan dims Bermuda'...
DATE: Dec 15, 2008
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AUTHOR:
Jonathan Kent
MOSCOW (Bloomberg) - Renaissance Securities Trading Ltd., a unit of the Russian investment and retail bank, plans to buy back as much as $40 million of its outstanding dollar bonds.
Renaissance is offering bondholders a maximum 60 percent of face val...
DATE: Dec 15, 2008
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The Royal Gazette/Bermuda Stock Exchange Index (BSX) experienced more downs than ups last week, with no fewer than five companies seeing their share prices fall.
The banking sector was the hardest hit, with LOM (Holdings) Ltd. dropping five cents (1....
DATE: Dec 15, 2008
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LONDON (Bloomberg) - Old Mutual plc., the UK insurer that has lost 67 percent of its market value this year, said 14 percent of policyholders signed up to an offer to waive annuity policy guarantees to help contain losses at its US unit.
The policyho...
DATE: Dec 15, 2008
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Bermuda reinsurers, regulators and Finance Minister Paula Cox met with the state of Florida's chief financial officer Alex Sink last week to discuss options for boosting the state's catastrophe fund's capacity.
Ms Sink met privately with executives o...
DATE: Dec 15, 2008
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Earlier this month, there was a meeting in Beijing between officials of two of the world's biggest economies. On one side of the table, heading the Chinese delegation, there was Wang Qishan, representing state capitalism. And on the other side, leadi...
DATE: Dec 15, 2008
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Given the state of the investment markets, it is probably fair to say that it is a far more taxing time this year than one year ago for multinational corporations doing business with, or connected to, the United States and other tax regime countries....
DATE: Dec 13, 2008
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Bermuda Aviation Services Ltd. was the highest flier on The Royal Gazette / Bermuda Stock Exchange yesterday, soaring 13.3 percent.
The airport services company saw its share price rise 70 cents to $5.95, as 3,000 shares traded.
BAS was the only issu...
DATE: Dec 13, 2008
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Opinion is divided as to when the recession will really start to bite in Bermuda. Some effects are already being felt. Construction projects have been shelved or scaled back, resulting in falling employment in that sector. Most of these early job los...
DATE: Dec 13, 2008
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