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Shares retreated on the Bermuda Stock Exchange last week, as The Royal Gazette/Bermuda Stock Exchange Index dropped 83.06 points in moderate trading.
The Index closed at 3,882.7 on volume of 64,092 shares worth $1.68 million.
Argus Group led the decl...
DATE: Dec 28, 2005
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TORONTO (Bloomberg) ? Fairmont Hotels & Resorts Inc., the Canadian luxury-hotel operator fending off a takeover by billionaire Carl Icahn, sold a Hawaii hotel to Westbrook Partners LLC for $250 million to raise money to buy other assets.
The sale of ...
DATE: Dec 28, 2005
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Bermuda's construction boom appeared to slow in the first three quarters of this year, according to statistics in the Quarterly Bulletin of Statistics recently released by Government.
The value of new projects started during the first three quarters ...
DATE: Dec 28, 2005
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The British Virgin Islands is stalling on signing a tax information exchange agreement with Australia because it is believed to be holding out for special consideration.
BVI would be the second offshore financial sector after Bermuda to sign an agree...
DATE: Dec 28, 2005
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A steady stream of correspondents have written to this column in the past six months. This week, since you will be enjoying the start of a break when you read this, we?ll take a look at just a few readers? letters and let you enjoy the holiday season...
DATE: Dec 27, 2005
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Define value? We talk and read a great deal about valuing things, generally to define tangible assets, houses, jewellery, cars, electronics, and investments.
But how do you put a value on entertainment or any human experience? Attending a movie, a pl...
DATE: Dec 27, 2005
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A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) of A- (Excellent) and issuer credit ratings (ICR) of "a-" of Bermuda-based Quanta Reinsurance Ltd. (Quanta Re) and its subsidiaries. Best said all the ratings have been...
DATE: Dec 27, 2005
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The Royal Gazette/Bermuda Stock Exchange Index was unchanged at 3,882.76 on a short day of trading yesterday. For the week, the Index dropped 83.06 points.
With trading ending at lunchtime ahead of the Christmas holiday, only Butterfield Bank shares ...
DATE: Dec 24, 2005
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Oil Insurance Ltd., a Bermuda mutual insurer, has had its Standard & Poor's financial strength rating affirmed after boosting premium income to help replace capital sapped by hurricane losses topping $1 billion.
The company is also expected to tap th...
DATE: Dec 23, 2005
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A majority of funds domiciled in Bermuda might be exempt from Swiss tax rules that require regulated funds doing European business through Swiss paying agents to disclose information about the savings income of European Union citizens.
Swiss tax auth...
DATE: Dec 23, 2005
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