76382 results returned for search: "" category "Business"
LONDON (Reuters) - Emerging stock markets slumped more than six percent yesterday, hitting their lowest in three years as panic returned to financial markets and ratings agency S&P raised concerns over Russia, Hungary and Ukraine.
The fall — followin...
DATE: Oct 17, 2008
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WASHINGTON (AP) — Treasury Secretary Henry Paulson yesterday expressed regret for the many errors made that led to the biggest financial crisis in seven decades, but he insisted the US administration is pursuing the correct course now to end the deba...
DATE: Oct 17, 2008
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It proved to be a day of losses on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday, with no fewer than three companies seeing their share prices fall.
Belco Holdings Ltd. was hardest hit, dropping $2 (11.11 percent) to close on $16, wi...
DATE: Oct 17, 2008
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With economic terror sweeping the globe, the question of whether Bermuda is in a recession — or heading for one — is on everyone's mind.
US Consul General Gregory Slayton told a meeting of reinsurers on Wednesday, Bermuda "is in a recession" but by a...
DATE: Oct 17, 2008
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NEW YORK (Bloomberg) — Morgan Stanley chief executive officer John Mack said tumbling markets may drive some hedge funds out of business.
"Some of my friends in that community say that by year-end, you'll see the number of firms in the hedge-fund are...
DATE: Oct 17, 2008
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Lawyers for two Bermuda-based entities will appear in a New York state Supreme Court today in a legal action which has led to a freeze on redemptions from Reserve Management Co's International Liquidity Fund.
Dow Jones Newswire reported on Wednesday ...
DATE: Oct 17, 2008
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NEW YORK (AP) — Citigroup Inc. suffered its fourth straight quarterly loss and cut another 11,000 jobs, drubbed again by the relentless downturn in housing and turmoil in the financial markets.
The New York-based bank said yesterday it lost $2.8 bill...
DATE: Oct 17, 2008
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Argus shares hit a new 52-week low of $12.70 yesterday, dropping $0.05 (0.39 percent) after 2,200 shares were traded.
Butterfield Bank fared better, rising $0.05 (0.42 percent) to close at $11.85 after 59,412 shares changed hands.
Overall the Royal G...
DATE: Oct 16, 2008
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Development at one of Bermuda's top resorts, Tucker's Point Club, is right on track, despite the fallout from the financial crisis, according to the project boss.
The club's Dive and Watersports Centre and Harbour Court Residence Club both opened at ...
DATE: Oct 16, 2008
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The current global financial crisis was the focus for delegates at a top reinsurance conference held at the Fairmont Hamilton Princess hotel yesterday.
Among the topics up for debate were the trends and issues impacting the reinsurance industry at th...
DATE: Oct 16, 2008
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