76382 results returned for search: "" category "Business"
TORONTO (Reuters) - The Toronto Stock Exchange's main index dropped more than 5 percent yesterday, at one point recording its biggest intraday loss since Black Monday in 1987, as signs that the financial crisis was spreading to European banks sent in...
DATE: Oct 07, 2008
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BERLIN (Bloomberg) — The German government and the country's banks and insurers agreed on a 50 billion euro ($68 billion) rescue package for commercial property lender Hypo Real Estate Holding AG after an earlier bailout faltered.
The financial indus...
DATE: Oct 06, 2008
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NEW YORK (Reuters) - Wall Street's mood will likely remain dark this week as fall-out from the credit crisis continues to corrode the US economy and questions linger about the likely effectiveness of the newly passed bailout plan in shoring up the fi...
DATE: Oct 06, 2008
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There was some light at the end of the tunnel for Allied World employees as they took part in a major excavation project in Dockyard last week.
About 25 of the company's staff got their hands dirty by clearing a tunnel discovered earlier this year un...
DATE: Oct 06, 2008
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One of Hamilton's most exciting building developments in recent times is going full steam ahead, despite the fall-out from the current financial crisis, according to developers West Hamilton Holdings Ltd.
Belvedere Place, the site of the former Bermu...
DATE: Oct 06, 2008
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The news on the US economy is grim indeed. Unfortunately, there is nothing to cheer about in other countries and regions either. China stands out with the most positive profile. However, the outlook is becoming cloudier, with leading indicators signa...
DATE: Oct 06, 2008
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NEW YORK (Bloomberg) — The dollar posted its biggest advance ever against the euro on a surge in demand for US currency funding amid a worldwide credit crunch.
Demand for the greenback surged last week as financial firms in Germany, the UK, Belgium a...
DATE: Oct 06, 2008
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The Royal Gazette / Bermuda Stock Exchange (BSX) index tumbled 3.5 percent during last week's trading, as turnover topped $3.3 million.
Three companies saw their share prices suffer substantial falls in a turbulent week for stock markets all over the...
DATE: Oct 06, 2008
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Bermuda-based Argo Group International Holdings, Ltd. has consolidated its professional liability insurance underwriting operating units into a new stand-alone professional lines business called Argo Pro.
The new business, which will comprise the ope...
DATE: Oct 06, 2008
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NEW YORK (Reuters) - Wachovia Corp said yesterday that it will pursue a deal to sell itself to banking rival Wells Fargo & Co. despite an attempt by Citigroup Inc to block the deal.
Citigroup, the largest US bank, is also courting hobbled Wachovia an...
DATE: Oct 06, 2008
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