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LONDON (Bloomberg) — Tsakos Energy Navigation Ltd., a Bermuda-registered and Athens-based crude oil shipper, said yesterday profit rose 12 percent from a larger fleet, and that it plans a two-for-one stock split. The shares rose as much as 9.3 percen...

Argus Group Holdings Ltd. led the way on the Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday. Argus saw their share price climb 60 cents (four percent) to close at $15.50 with 8,100 shares traded. Devonshire Industries Ltd. also experience...

When Maurice R. "Hank" Greenberg ran American International Group Inc., the insurance giant was known for its acumen for spotting weaknesses in rivals. Now, Mr. Greenberg is attempting to use similar tactics on AIG itself. By declaring his interest o...

ZURICH (Bloomberg) — Swiss Reinsurance Co., the world's largest reinsurer, may say profit slipped in the third quarter as prices for property and casualty reinsurance fell. The Zurich-based company may say when it releases its results today that net ...

LONDON (Bloomberg) — Nordic American Tanker Shipping Ltd., an operator of 1 million-barrel crude-oil carriers, will buy two new vessels for $90 million each. The suezmax tankers will be delivered between the fourth quarter of 2009 and April 2010, Ber...

TORONTO (Reuters) - The Toronto Stock Exchange's main index finished lower yesterday as worries about fall-out from the US sub-prime crisis continued to shake up investors and falling oil prices dragged on energy shares. The market pared losses late ...

NEW YORK (Bloomberg) — Ram Holdings Ltd., the bond insurer that first sold shares to the public last year, reported a $14.7 million third-quarter net loss after a decline in the value of collateralised debt obligations it guaranteed. The loss amounte...

One of the world's leading experts on the oil markets may be able to shed some light for a Bermuda audience this week on why the price of crude is approaching $100 a barrel. Matthew Simmons, an advisor to the George W. Bush administration and chairma...

The Bank of Bermuda is warning its customers to be on their guard against fraudulent e-mails after their personal financial information. In a statement, the bank said it was aware some of its customers had received the e-mails asking them to log on t...

NEW YORK (AP) - Wall Street pulled back in erratic trading yesterday as investors grew more concerned about a deteriorating housing market and the widening impact of soured debt after Citigroup Inc. warned it plans to book $8 billion to $11bn in addi...