76470 results returned for search: "" category "Business"
IT is a commonplace observation that China's rapid ascent as a global economic power has increased tensions with the United States. Last week's high-level talks between Henry Paulson, the US Treasury secretary and vice-premier Wu Yi leave many issues...
DATE: May 28, 2007
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Buying real estate in Bermuda remains one of the best investments to be made on the Island despite the steep increase in property prices during the past seven years.
That is the assessment of Coldwell Banker Bermuda Realty, which the company backs up...
DATE: May 28, 2007
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AUTHOR:
Scott Neil
The total equity of Bermuda's insurers and reinsurers has rocketed to nearly $67 billion — up 24 percent since the 2005 Hurricane Katrina.
That was one of several notable points made in a report by rating agency A.M. Best, entitled "Bermuda — 12-mont...
DATE: May 28, 2007
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AUTHOR:
Jonathan Kent
More than $1 million worth of shares were traded on the Royal Gazette / Bermuda Stock Exchange last week, with the index rising a total of 31.897 points (0.62 percent) to close at 5,163.40.
The biggest riser was Bermuda Commercial Bank which improved...
DATE: May 28, 2007
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Bermuda-based GeoVera Insurance Holdings Ltd. yesterday revealed that it would offer 5.9 million common shares to the public, with a estimated price range of $16 to $18 each, in its upcoming initial public offering (IPO).
The company is offering 2.1 ...
DATE: May 28, 2007
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NEW YORK (Bloomberg) — The dollar fell versus the euro and the Canadian currency after a report showed purchases of existing homes in the US declined during April to the lowest level in almost four years.The US dollar weakened compared with 13 of the...
DATE: May 28, 2007
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WILMINGTON, Delaware (Bloomberg) — A former Royal Bank of Canada banker will plead guilty to fraud and tax charges and cooperate in an FBI probe of a mortgage scam involving some of Southern California's most exclusive neighbourhoods.Richard A. Maize...
DATE: May 28, 2007
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TORONTO(Reuters) - Canadian industry is taking a bruising from the country's strong dollar, but it is short-term pain for long-term gain as weaker players are sifted from the corporate mix.This past week the Canadian currency, colloquially referred t...
DATE: May 28, 2007
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XL Capital's operating subsidiaries have had their A+ (superior) financial strength ratings affirmed by AM Best.
Additionally, Best has affirmed the ICR of "a-" and the existing debt ratings of "a-" on senior debt, "bbb+" on subordinated debt and "bb...
DATE: May 28, 2007
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LONDON (Bloomberg) — Catlin Group Limited, the largest insurer on the Lloyd's of London market, said first-quarter revenue more than doubled, helped by its acquisition of Wellington Underwriting Plc last year.Insurance revenue rose to $1.2 billion fr...
DATE: May 28, 2007
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