76379 results returned for search: "" category "Business"
WASHINGTON (AP) — Former Federal Reserve chairman Alan Greenspan said yesterday the current financial crisis is a "once-in-a-century credit tsunami" which will have a severe impact on the US economy, driving unemployment higher.
Greenspan, who headed...
DATE: Oct 24, 2008
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Catastrophe reinsurance specialist IPC Holdings Ltd. recorded a net loss of $87.5 million for the third quarter, as storm losses and net investment losses each topped $100 million.
In results for the June-through-September period released last night,...
DATE: Oct 24, 2008
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AUTHOR:
Jonathan Kent
Chamber of Commerce president Phil Barnett has welcomed what could be a freeze on taxes on businesses as hinted at by Finance Minister Paula Cox.
This follows a statement released by Ms Cox earlier this week saying that the Government's "desire to as...
DATE: Oct 24, 2008
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NEW YORK (Reuters) - Property insurer Travelers Cos Inc and Allstate Corp , the largest publicly traded US home insurer, reported weaker results, hurt by higher catastrophe losses.
Travelers, which saw an 82 percent slide in earnings, said it is tryi...
DATE: Oct 24, 2008
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Bermuda-based Platinum Underwriters Holdings Ltd. has increased its share repurchase programme by $46 million.
The company announced this week it would raise the authorised amount under its existing share repurchase programme to a total of up to $250...
DATE: Oct 24, 2008
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Bermuda-based insurer Argo Group International Holdings Ltd. yesterday announced the launch of a financial products unit in London.
Argo Financial Products Ltd. will focus on providing non-US domiciled clients lines including directors' and officers'...
DATE: Oct 24, 2008
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A Bermuda-based hedge fund that buys emerging-market debt is being liquidated after lenders withdrew credit, according to sources cited by Bloomberg.
Michael Morrison and Charles Thresh, of KPMG, were appointed as provisional liquidators of the Mille...
DATE: Oct 24, 2008
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TORONTO (Reuters) — The Toronto Stock Exchange's main index closed higher yesterday as bargain-hunting sparked a late-day rally after a big drop earlier in the session.
In see-saw activity that spanned nearly 580 points from trough to peak, the S&P/T...
DATE: Oct 24, 2008
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NEW YORK (Bloomberg) — Allstate Corp., Prudential Financial Inc. and Lincoln National Corp. suspended their share buybacks this month to cushion against declines in the value of the insurers' fixed-income investments.
Allstate joined its competitors ...
DATE: Oct 24, 2008
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NEW YORK (Bloomberg) — American International Group Inc., the insurer bailed out by the US, may need to borrow more than the $122.8 billion already offered by the government if capital markets don't improve, said chief executive officer Edward Liddy....
DATE: Oct 24, 2008
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