76389 results returned for search: "" category "Business"
July 16, 1978
The insurance industry calls them captives — companies set up by major United States corporations to insure their own special risks. They bask in tax-free Bermuda — an unlikely group to cause a stir in the international insurance market...
DATE: Jul 16, 2008
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It proved to be a busy day on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
Belco Holdings Ltd. rose five cents (0.2 percent) to close at $21.05, with 1,000 shares traded.
Butterfield Bank, however, dropped five cents (0.3 percent) ...
DATE: Jul 16, 2008
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NEW YORK (AP) - Wall Street ended a whipsaw day mostly lower yesterday, as fears of escalating instability in the financial sector kept investors on edge despite a steep retreat in oil. The Dow Jones industrials had their first close below 11,000 sin...
DATE: Jul 16, 2008
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LONDON (Bloomberg) - Seadrill Ltd., the Norwegian oil-rig company set up by billionaire John Fredriksen, took delivery of a deepwater drilling ship contracted to Exxon Mobil Corp.
The ultra-deepwater drillship West Polaris from Samsung Heavy Industri...
DATE: Jul 16, 2008
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Thirty years ago today the New York Times featured an article about Bermuda's emerging captive industry on the front page of its financial section.
The article, reprinted in The Royal Gazette today in full (see page 26), focused on how a ruling made ...
DATE: Jul 16, 2008
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The rising cost of construction is having a "significant" impact on Bermuda's building industry, according to the Construction Association of Bermuda's president Alex DeCouto.
Mr. DeCouto said that most notably the price of steel, copper and PVC had ...
DATE: Jul 16, 2008
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NEW YORK (Bloomberg) — American International Group Inc., the world's largest insurer, fell to the lowest since 1995 in New York trading after Wachovia Corp. downgraded the company, saying it may post as much as $7 billion in losses on credit-default...
DATE: Jul 16, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index plunged more than 380 points yesterday as resource issues were hit by weak oil prices, while worries over the global economy battered the wider market.
After logging a hefty intraday drop of...
DATE: Jul 16, 2008
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LONDON (Bloomberg) - Frontline Ltd. and companies controlled by its chairman, Norwegian billionaire John Fredriksen, hold 4.9 percent of the shares of Overseas Shipholding Group Inc., according to a regulatory filing.
Bermuda-based Frontline Ltd. sai...
DATE: Jul 16, 2008
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Viacom and other copyright holders have agreed to let YouTube mask user IDs and Internet addresses when Google Inc.'s online video site hands over viewership records in a $1 billion lawsuit accusing YouTube of enabling copyright infringement. A feder...
DATE: Jul 16, 2008
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