76382 results returned for search: "" category "Business"
TORONTO (Reuters) - The Toronto Stock Exchange's main index ended more than 200 points higher yesterday after a volatile session, as a surprise, co-ordinated interest rate cut by several central banks restored some confidence to investors and lit a f...
DATE: Oct 09, 2008
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NEW YORK (AP) — An angst-ridden Wall Street tried but failed to find stability yesterday, with investors attempting to determine whether an emergency interest rate cut would end the paralysis in credit markets. The major indexes moved in and out of p...
DATE: Oct 09, 2008
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LONDON (AP) - Hard-hit British banking stocks recovered yesterday after the government announced a £50 billion ($88 billion) plan to partly nationalise major banks and promised to guarantee a further £250 billion ($438 billion) of bank loans to shore...
DATE: Oct 09, 2008
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Argus Financial Ltd. (AFL) has designated October 6-12 as the first Financial Planning Week in Bermuda. The company is joining organisations in the US, the UK, Australia and elsewhere in celebrating this event every year. In the second of a series of...
DATE: Oct 09, 2008
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Bermuda is not immune from the global financial turmoil that has plunged world markets into free fall, but the Island's international business sector could emerge well from the global carnage.
That is the view of Finance Minister Paula Cox, who told ...
DATE: Oct 09, 2008
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AUTHOR:
Jonathan Kent
IPC Holdings Ltd. could lose out on about $90 million in third quarter profit as a result of the destruction wreaked in the US and Caribbean by Hurricanes Gustav and Ike.
The predicted net impact of the two hurricanes on the insurer, mainly attribute...
DATE: Oct 09, 2008
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NEW YORK (Bloomberg) — American International Group Inc., the insurer forced to peddle units to repay an $85 billion US loan, may sell a business providing property coverage for the world's biggest corporations, including General Electric Co.
AIG hir...
DATE: Oct 09, 2008
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NEW YORK (Bloomberg) — American International Group Inc., castigated by lawmakers for hosting a $440,000 conference days after an $85 billion federal bailout, plans to hold another gathering for brokers next week.
The event, at the Ritz-Carlton in Ca...
DATE: Oct 09, 2008
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NEW YORK (Bloomberg) — The Federal Reserve will provide as much as $37.8 billion in additional liquidity to American International Group Inc.'s regulated insurance units after rescuing the company with an $85 billion loan last month.
The Fed board us...
DATE: Oct 09, 2008
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The Island is proving "resilient" in the face of the global economic plunge which has stock markets reeling around the world and brought massive financial corporations to their knees, the Bermuda Monetary Authority said yesterday.
BMA chief executive...
DATE: Oct 08, 2008
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