76382 results returned for search: "" category "Business"
The US financial bailout plan will benefit Bermuda's insurance industry, according to John Kephart, president and CEO of Capital G Bank.
The plan, which was passed by the US House of Representatives by 263 to 171 on Friday in its revised form after h...
DATE: Oct 06, 2008
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TORONTO (Reuters) - "Nowhere to run to, baby, nowhere to hide," Martha and Vandellas sang in their 1965 Motown megahit. It's a tune that Bay Street investors can probably relate to, faced with a market that seems to be sliding across the board.
Almos...
DATE: Oct 06, 2008
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Bermuda-based reinsurer Everest Re Group Ltd. announced that its preliminary loss estimates, net of reinstatement premiums and taxes, for Hurricanes Gustav and Ike are expected to range between $200 million and $220 million.
The company's current es...
DATE: Oct 06, 2008
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TOKYO (Reuters) - American International Group Inc, plans to sell its three Japanese life insurance businesses, an AIG spokesman said on Saturday, in a sale Japanese media estimated could top $9.5 billion.
AIG, once the world's largest insurer, said ...
DATE: Oct 06, 2008
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Relief on Wall Street over the hard-won passage of a $700 billion bailout package for the financial system apparently hasn't yet trickled down to the pubs, storefronts, car lots and malls of Main Street.
Many Americans spent an uneasy weekend wonderi...
DATE: Oct 06, 2008
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BRUSSELS (Reuters) - BNP Paribas agreed with the governments of Belgium and Luxembourg yesterday to take control of the key remaining assets of troubled financial group Fortis, Belgian media reported.
RTBF radio and De Tijd newspaper's website said t...
DATE: Oct 06, 2008
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Kentucky Fried Chicken (Bermuda) Ltd. boosted its profits by more than $30,000 for the first half of this year.
The fast food company announced net income of $139,728 for the first six months of 2008 compared with $107,164 for the same period in 2007...
DATE: Oct 06, 2008
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BERLIN (Reuters) - The German government said yesterday it would guarantee private bank deposits as part of its response to the banking crisis, embracing an Irish approach that has angered some European countries.
"The state guarantees private deposi...
DATE: Oct 06, 2008
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Butterfield Bank was heavily traded again yesterday on the Royal Gazette/Bermuda Stock Exchange, with 60,670 shares changing hands, but closed unchanged on the day after hitting a new 52-week low of $12 on Thursday.
The BSX closed at 3.852.51, fallin...
DATE: Oct 04, 2008
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The staggering amounts of money at risk in global markets cite the use of credit default swaps (CDSs) and other types of complex derivatives as contributing factors to the latest global market crisis. The puzzle problem is that hardly anyone really u...
DATE: Oct 04, 2008
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