76382 results returned for search: "" category "Business"
NEW YORK (Reuters) - Oil dropped four percent yesterday as financial market turmoil stoked demand concerns and sent investors to seek safer havens.
US crude traded down $3.85 to $94.68 in morning trading after touching a low of $94.02 earlier. London...
DATE: Oct 03, 2008
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Plan for your financial future and diversify your investment portfolio while being on the look-out to take advantage of the current economic crisis.
That is what concerned investors were told by North Atlantic Asset Management's vice-president Patric...
DATE: Oct 03, 2008
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NEW YORK (Bloomberg) — The US Securities and Exchange Commission will extend a prohibition on short-sales of financial stocks, keeping restrictions on bets against companies' shares in place while Congress works on a $700 billion bailout plan.
The re...
DATE: Oct 03, 2008
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FRANKFURT (Reuters) - The European Central Bank kept interest rates unchanged yesterday but discussed a cut as financial market turmoil and slowing economic growth has caused inflation risks to ease, ECB president Jean-Claude Trichet said.
"With the ...
DATE: Oct 03, 2008
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Bermuda reinsurer Montpelier Re Holdings Ltd. has estimated that its losses from Hurricanes Gustav and Ike will run to around $130 million.
In a statement released after the close of the markets yesterday, Montpelier said its estimate was based on a ...
DATE: Oct 03, 2008
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Bermuda-based Syncora Holdings Ltd. has hired JP Morgan as an adviser during the bond insurer's negotiations with counterparties.
In August this year, Syncora, formerly known as Security Capital Assurance, entered into an agreement with 17 bank count...
DATE: Oct 03, 2008
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Billions of dollars were wiped of the market values of Bermuda insurers yesterday, amid uncertainty over the pending vote by Congressmen on the rehashed US Government bailout plan.
Worst hit was Everest Re, as its share price plunged more than 11 per...
DATE: Oct 03, 2008
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NEW YORK (Bloomberg) — American International Group Inc. head Edward Liddy, who promised investors a smaller, nimbler company after selling units to repay an $85 billion US loan, has shareholders wondering if there will be anything left to run.
Liddy...
DATE: Oct 03, 2008
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NEW YORK (AP) — Pessimism about a protracted economic downturn washed over the financial markets yesterday, sending stocks plunging and further tightening the credit markets. Reports on declining factory orders and a seven-year high in jobless claims...
DATE: Oct 03, 2008
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NEW YORK (Bloomberg) — Former Federal Reserve chairman Alan Greenspan said financial markets and the economy will recover as investors regain confidence.
"Trust will eventually reemerge as investors dip hesitantly back into the marketplace," Greenspa...
DATE: Oct 03, 2008
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