76382 results returned for search: "" category "Business"
Bermuda-based offshore law firm Appleby is set expand east with the opening of new offices in Dubai and Zurich in Switzerland.
The legal firm plans boost its global network by launching the two offices which will further extend the services it offers...
DATE: Sep 17, 2008
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TORONTO, (Reuters) — The Toronto Stock Exchange's main index finished down slightly yesterday after hitting the lowest level in almost two years early in the day as investors fretted over the fate of beleaguered US insurer American International Grou...
DATE: Sep 17, 2008
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NEW YORK (AP) — Its future in the balance, American International Group Inc. huddled yesterday with Federal Reserve officials to find the cash the huge insurer needs to stay in business and avoid igniting more global financial turmoil.
Meetings at th...
DATE: Sep 17, 2008
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A.M. Best Co. has downgraded the financial strength rating of Bermuda-based Lehman Re to B (Fair) from A- (Excellent) and issuer credit rating to "bb" from "a-".
The outlook for both ratings is negative. Lehman Re is a wholly owned reinsurance subsid...
DATE: Sep 17, 2008
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Butterfield Bank is set to get a multi-million dollar boost after announcing the completion of the merger of its Bermuda-based and international Fund Services businesses with independent fund administrator Fulcrum Group to form the new company Butter...
DATE: Sep 17, 2008
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NEW YORK (Bloomberg) — A collapse of American International Group Inc., the insurer seeking to raise as much as $80 billion, would have consequences for financial firms around the globe, analysts and investors said.
Wall Street's top firms, and the b...
DATE: Sep 17, 2008
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A convicted fraudster who once managed pension funds for the Bermuda Government has settled US federal fraud charges filed by the Securities and Exchange Commission.
Mark Lay, 45, a Pittsburgh investment adviser, is serving a 12-year prison sentence ...
DATE: Sep 17, 2008
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NEW YORK (Reuters) - Major investors said yesterday that turmoil in credit markets and the stunning collapse of big investment banks marks the beginning of a boom in turning around distressed companies or buying their debt.
The collapse of Lehman Bro...
DATE: Sep 17, 2008
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Tata Group's Indian Hotels Co. will increase its voting power in Bermuda-based hotel group Orient Express Hotels (OEH) if shareholders vote to annul the powers of its class B shares.
That is according to online publication Business Standard, which cl...
DATE: Sep 17, 2008
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NEW YORK (Bloomberg) — The Federal Reserve left its main interest rate at 2 percent, rebuffing calls by some investors for an immediate cut after Lehman Brothers Holdings Inc.'s bankruptcy shook markets worldwide.
The Fed did signal it will consider ...
DATE: Sep 17, 2008
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