76412 results returned for search: "" category "Business"
This column usually covers the changes in United States tax law that invariably increase the amount of income tax an expatriate will pay or will discuss methods to minimise income tax. Today we are taking a different tack and will discuss how to turn...
DATE: Mar 04, 2008
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WASHINGTON (Associated Press) - Accenture LLP, the US-based unit of Bermuda-based consulting firm Accenture Ltd., spent more than $3.6 million in 2007 on its own behalf to lobby Washington.
The company spent almost $1.8 million in the second half of ...
DATE: Mar 04, 2008
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LONDON (Reuters) - HSBC's profits rose 10 percent last year as buoyant growth in Hong Kong and elsewhere in Asia helped Europe's biggest bank absorb $17.2 billion in bad debts as the US housing crisis deepened.
Profits in Hong Kong rose 42 percent an...
DATE: Mar 04, 2008
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NEW YORK (Bloomberg) - Berkshire Hathaway Inc.'s offer to accept bond insurance business from rivals including MBIA Inc. has been withdrawn, chairman Warren Buffett told CNBC.
"It's not on the table," Mr. Buffett told the cable news network in an int...
DATE: Mar 04, 2008
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Insurance was the big winner on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday, with both BF&M Ltd. and Argus Holdings Ltd. seeing their respective share prices soar.
Following its 10-for-one stock split, BF&M Ltd. rose $1.50 (7.3 per...
DATE: Mar 04, 2008
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Shares of Bermuda-based bond insurer Security Capital Assurance Ltd. plunged by 53 percent in trading yesterday after the company said it had hired Goldman Sachs and Rothschild Inc. to help map out options for the company's future.
The company announ...
DATE: Mar 04, 2008
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Arch Capital Group's issuer default rating has been upgraded from 'A-' to 'A' by Fitch Ratings.
The group's reinsurance arm, Arch Reinsurance Ltd., has also had its insurer financial strength rating upgraded from 'A' to 'A+' by the ratings agency. Th...
DATE: Mar 04, 2008
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LONDON (Reuters) - Bermuda-based insurer Hiscox Ltd shrugged off the effects of a weak dollar, floods in Britain and European windstorm claims to make record profits in 2007, it said yesterday.
The London-listed firm made pretax profit of £237.2 mill...
DATE: Mar 04, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index finished lower yesterday as strength in resources was undercut by losses in the banking sector amid nagging worries over the continuing impact of the credit crunch.
The financial group shed ...
DATE: Mar 04, 2008
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NEW YORK (AP) - Wall Street closed narrowly mixed yesterday as investors wrestled with record-high commodities prices and data that pointed to a continually weakening economy.
Investors have been trying to determine whether recent pessimism about the...
DATE: Mar 04, 2008
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