76470 results returned for search: "" category "Business"
NEW YORK (Reuters) — Blackstone Group LP yesterday said it planned to raise as much as $7.75 billion from selling stakes to the public and to China, in perhaps the year's most eagerly awaited US initial public offering.In a filing with the US Securit...
DATE: May 22, 2007
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LONDON (Reuters) — British music company EMI agreed to a $2.4 billion ($4.73 billion) cash takeover from private equity group Terra Firma yesterday in what could be a final snub to long-term suitor and rival Warner Music.The offer of 265 pence a shar...
DATE: May 22, 2007
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SYDNEY (Bloomberg) Australia's S&P/ASX 200 Index rose to a record high, led by BHP Billiton and Rio Tinto Group, as prices of copper and nickel climbed.CSL and Aristocrat Leisure led gains among companies with US earnings after consumer confidence i...
DATE: May 22, 2007
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BEIJING (AP) — A Chinese state fund that is buying a $3 billion stake in US private equity firm Blackstone Group LP wants to avoid a political backlash when it makes other investments abroad, an official involved in the deal said yesterday.The new fu...
DATE: May 22, 2007
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Rising bank shares helped to push up The Royal Gazette / Bermuda Stock Exchange Index by 20 points yesterday.
The Bermuda Commercial Bank was the biggest climber, gaining 90 cents (10.2 percent) to close on $9.75, as 2,000 of its shares traded.
Butte...
DATE: May 22, 2007
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Ace is expanding its presence in Eastern Europe by opening offices in Hungary and the Czech Republic.
The insurance and reinsurance giant, which has its global headquarters in Bermuda, is looking to increase business in many of the emerging economies...
DATE: May 22, 2007
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AUTHOR:
Scott Neil
The largest collection of Caribbean electricity company CEOs to attend a Carilec (Caribbean Electric Utility Services Corp) conference met up in Hamilton this week they were shown what may be the future of non-polluting electricity production — a peb...
DATE: May 22, 2007
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AUTHOR:
Scott Neil
A bomb that killed nine people in the Indian city of Hyderabad did not impact an important business unit of Bermuda-based Flagstone Re located in the city.
The Bermuda reinsurance company, one of the newest on the Island, has an office dedicated to r...
DATE: May 22, 2007
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AUTHOR:
Scott Neil
NEW YORK (Reuters) - The dollar rose to five-week highs against the euro and three-month peaks versus the yen Monday as investors further trimmed bearish bets on the greenback amid a growing view the Federal Reserve will not cut interest rates anytim...
DATE: May 22, 2007
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New Bermuda-based class three reinsurer D.E. Shaw Re has hired Darren Redhead as its chief underwriting officer.
Mr. Redhead has joined the company from Lloyd's of London syndicate Talbot Underwriting, which was last week acquired by Bermuda-based Va...
DATE: May 22, 2007
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