76382 results returned for search: "" category "Business"
Bermuda reinsurer Harbor Point Re has been given a licence to write business through its UK office.
Harbor Point Re UK has been operating as a representative office in Britain since 2006 and will now have authority to underwrite reinsurance in the UK...
DATE: Oct 15, 2008
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NEW YORK (Bloomberg) — A General Motors Corp.-Chrysler LLC combination wouldn't win the support of auto unions in the US and Canada because jobs would be lost, the labour groups' presidents said.
"We have not had any discussions formally with any of ...
DATE: Oct 15, 2008
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Capital G Bank announced yesterday it would drop its Bermuda dollar lending rate by 0.5 percent.
The announcement from Capital G follows cuts to local lending rates last week at both Butterfield Bank — which announced a 50 basis points cut on Wednesd...
DATE: Oct 14, 2008
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HONG KONG (AP) — Hong Kong legislators yesterday accused regulators of failing to monitor banks that sold billions of dollars worth of Lehman Brothers-backed bonds whose value is in doubt after the US investment bank failed.
More than 40,000 Hong Kon...
DATE: Oct 14, 2008
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It is not every day you see a supermarket owner on the shop floor stacking shelves, manning the tills and even sweeping up the front entrance.
But then again Giorgio Zanol, president of the Lindo's Group of Companies, is not your typical supermarket ...
DATE: Oct 14, 2008
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CONCORD, New Hampshire (AP) — A federal judge in New Hampshire has given imprisoned former Tyco International Chief Executive Officer Dennis Kozlowski until today to say why his assets shouldn't be frozen until a lawsuit against him by his former com...
DATE: Oct 14, 2008
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NEW YORK (AP) — Wall Street stormed back from last week's devastating losses yesterday, sending the Dow Jones industrials soaring a nearly inconceivable 936 points after major governments' plans to support the global banking system reassured distraug...
DATE: Oct 14, 2008
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STOCKHOLM, Sweden (AP) — Paul Krugman, the Princeton University scholar, New York Times columnist and unabashed liberal, won the Nobel prize in economics yesterday for his analysis of how economies of scale can affect international trade patterns.
Kr...
DATE: Oct 14, 2008
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Bermuda-based Everest Re Group announced yesterday that it expects after-tax losses of $246 million for the third quarter of 2008 and has seen a nine percent drop in its share value since the 2007 year end.
"After-tax net realised capital losses for ...
DATE: Oct 14, 2008
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Office workers, perhaps fearful of their jobs and worried about their companies' futures, are playing office politics and gossiping more than they were five years ago, according to a poll earlier this year. In fact, 55 percent of those surveyed said ...
DATE: Oct 14, 2008
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