76472 results returned for search: "" category "Business"
The Royal Gazette/Bermuda Stock Exchange Index fell 58.90 points yesterday to close at 4,371.16.
On a light trading Belco made the only gain of the day as it rose 75 cents to close at $38.75 as investors traded in 1,688 shares.
Argus fell $1 to close...
DATE: May 26, 2006
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(Bloomberg) ? Frontline Ltd., the world?s largest tanker company by capacity, may say first-quarter profit fell 32 percent as the world?s growing fleet of vessels cut freight rates.
Profit probably dropped to $190 million, or $2.50 a share, from $279...
DATE: May 26, 2006
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(Bloomberg) ? Douglas Holding AG, Europe's largest retailer of cosmetics and perfume, said Orbis Holdings Limited lowered its stake in the company to less than five percent.
Hamilton, Bermuda-based Orbis decreased its holding to 4.9 percent on Februa...
DATE: May 26, 2006
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Montpelier Re Holdings Ltd., a Bermuda reinsurer whose shares plunged 55 percent after last year?s record hurricane season, will receive a $100 million investment from financier Wilbur Ross.
WL Ross & Co., the billionaire?s buyout company, will priva...
DATE: May 26, 2006
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The Royal Gazette/Bermuda Stock Exchange Index gained 12.208 points yesterday to close at 4,430.06.
On a moderate trading day Butterfield Bank rose 50 cents to close at $57.50 as investors traded in 2,908 shares.
Bermuda Commercial Bank gained 45 cen...
DATE: May 25, 2006
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A Swiss Arbitration Tribunal has found that Russian Communications Minister Leonid Reiman is the ?sole beneficial owner? of a Bermuda-based mutual fund which owns a large portion of Russia?s telecom industry.
The business and financial affairs of IPO...
DATE: May 25, 2006
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The majority of the Island?s publicly-listed insurers and reinsurers rebounded from a year of hurricane losses to healthy income in the first quarter of 2006.
While XL Capital and RenaissanceRe Holdings were among the eight Bermuda companies to post ...
DATE: May 25, 2006
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BF&M Limited, one of Bermuda?s largest domestic insurers, yesterday said it is planning a special offering to sell more shares to existing investors in hopes of raising some $22.5 million to finance expansion.
?This Rights Offering is a key element o...
DATE: May 23, 2006
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Returning residents can now pay Customs duty online via an ATM machine at the Airport.
The move follows a joint initiative announced yesterday by Finance Minister Paula Cox and Butterfield Bank CEO Alan Thompson.
At a press conference at Cabinet Boar...
DATE: May 23, 2006
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Max Re Capital?s securities fell 34 cents in mid-day trading, the first day after the company announced it was subject to delisting from the Nasdaq National Market due to failure to file its quarterly report by deadline.
The Bermuda-based company was...
DATE: May 23, 2006
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