76384 results returned for search: "" category "Business"
NEW YORK (Bloomberg) — The dollar's biggest rally against the euro in almost eight years may prove fleeting as investors return their focus to slowing US growth, the world's largest foreign exchange traders say.
After a 3.6-percent surge last week ag...
DATE: Aug 11, 2008
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A former Bermuda-based insurance company for oil tankers has donated its remaining assets to two maritime charities after going into liquidation.
KPMG, liquidators for Cristal Ltd., announced that the company's board of directors has agreed to donat...
DATE: Aug 11, 2008
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Commodities, including oil, have continued to undergo a correction. The prospect of slower global growth has been weighing down on commodity prices for a while now.
Those who have been betting on a secular bull market in commodities will have to wait...
DATE: Aug 11, 2008
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Bermuda-based Catlin Group Ltd. reported a 21-percent fall in net income for the first half of 2008 to $150 million, blaming the volatile market for falling investment returns.
Net income fell to $110.5 million, or 42 cents a share, from $161.7 milli...
DATE: Aug 11, 2008
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Old Mutual Financial Network has had its insurer financial strength rating downgraded to BBB+ by Fitch.
The ratings company said it was concerned with the continued poor earnings performance of the Old Mutual PLC's (Old Mutual) US Life operations — w...
DATE: Aug 11, 2008
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LONDON (Reuters) - The debate over a possible end to the dollar's seven-year downtrend will take centre stage this week as the supercycle in oil and commodities runs out of stamina, helping stocks and bonds in times of slowing economic growth.
The do...
DATE: Aug 11, 2008
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The Bermuda Monetary Authority has unveiled significant enhancements to Bermuda's solvency and disclosure regulations for insurance.
These changes will help ensure the Island is recognised as having equivalent regulatory standards to those in Europe'...
DATE: Aug 11, 2008
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Butterfield Bank may have to make further write-downs on its investments, while high expense levels and adverse lending conditions are added challenges facing the Bermuda-based bank in the future.
That is the view of LOM's Equity Research report, whi...
DATE: Aug 11, 2008
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Bermuda-based Ram Holdings Ltd. has responded to Moody's Investors Service ratings action following the downgrade of Ram Reinsurance Co. Ltd.'s financial strength rating (FSR) from Aa3 to A3, from Aa3.
In the same rating action, Moody's also downgrad...
DATE: Aug 11, 2008
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TORONTO (Reuters) - It used to be that Canadian banks were a sure bet when it came to dividend hikes. Those days may be gone.
Nagging loan-loss provisions and tough market conditions will likely keep most of the banks from raising their dividends whe...
DATE: Aug 11, 2008
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