76470 results returned for search: "" category "Business"
London is trying to make itself more appealing to the insurance industry as it strives to beat off competition from the likes of Bermuda.
In a meeting between City of London leaders and Britain's Finance Minister Gordon Brown, Lloyd's of London chair...
DATE: May 11, 2007
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C Travel and its sister company CMS have been appointed on-Island marketing and sales outlet for Zoom Airlines.
Customers can book low-cost direct flights between Bermuda and London, which will commence on June 8, through the two companies.
Zoom will...
DATE: May 11, 2007
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NEW YORK (AP) — Wall Street retreated sharply slicing nearly 150 points off the Dow Jones industrial average after weak sales at many of the nation's major retailers heightened concerns about consumer spending.The day's economic news, which also incl...
DATE: May 11, 2007
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HARVARD University economist Jeffrey Frankel has an interesting theory about the timing of the next emerging-market meltdown.Capital flows into developing economies, he says, follow a 15-year pattern: "seven fat years followed by seven lean years." T...
DATE: May 11, 2007
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LONDON (Reuters) — British interest rates hit a six-year high of 5.5 percent yesterday and could rise further still as the Bank of England tries to rein in inflation, at its highest level in more than a decade.The widely expected quarter-point hike t...
DATE: May 11, 2007
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NEW YORK (Bloomberg) — Delta Air Lines Inc., the third-largest US carrier, joined with US Helicopter Corp. to provide passengers with helicopter rides between New York's John F. Kennedy International Airport and Manhattan.US Helicopter began flying b...
DATE: May 11, 2007
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Bermuda's Fulcrum Limited, a global fund administrator for the hedge fund and alternative investment management industry, has appointed Chris Mulhern as its managing director in Canada.
Mr. Mulhern was formerly with Citco Fund Services, where he was ...
DATE: May 11, 2007
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NEW YORK (Bloomberg) — Bermuda-based Global Crossing Ltd., the fibre-optic company that went through one of the largest US bankruptcies, said its first-quarter loss widened because of higher network costs and interest expenses.The net loss expanded t...
DATE: May 11, 2007
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ZURICH (Bloomberg) — Scor SA, France's largest reinsurer, won the backing of Converium Holding AG's board for its takeover approach after raising the offer by almost 8 percent to value the Swiss company at $2.8 billion.Scor plans to buy Zug, Switzerl...
DATE: May 11, 2007
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NEW YORK (Bloomberg) — American International Group Inc., the world's biggest insurance company, sued Bermuda-based Tyco International Ltd. in effort to stop a plan by the company to buy back $6.6 billion of debt.Bondholders led by AIG have claimed t...
DATE: May 11, 2007
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