76510 results returned for search: "" category "Business"
A Bermuda company has been at the centre cracking a global telemarketing fraud scheme which saw pensioners lose millions of dollars in a scam that lasted over a year and a half.
First Atlantic Commerce (FAC) became aware that four companies were runn...
DATE: Jul 25, 2003
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July 25, 2003
WRITS
A writ has been filed in the matter of Shanghai Merchants Holding Ltd. and in the matter of the Supreme Court Act 1905 and in the matter of the rules of the Supreme Court 1985.
A writ has been filed by Sheikia Ming against Allan G...
DATE: Jul 25, 2003
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Fairmont Hotels and Resorts announced net income for the second quarter of more than $40 million but said its Bermuda properties had seen lower demand than expected.
In an earnings press release issued yesterday, William R. Fatt, chief executive offi...
DATE: Jul 25, 2003
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Bermuda-based investment company Lines Overseas Management (LOM) yesterday reported a drop in its earnings for the first half of 2003.
Net earnings for the period were $165,000 compared to $217,000 during the first six months of 2002 but the company ...
DATE: Jul 25, 2003
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Any interest from foreign banks to set up in Bermuda may have waned due to difficult economic conditions, according to the Bermuda Monetary Authority.
BMA superintendent of banking, trusts and investment Munro Sutherland said that as the licensing au...
DATE: Jul 25, 2003
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First Atlantic Commerce (FAC) was thought up back during the heady days of the dot-com boom by Andrea Wilson while she was on maternity leave. Having worked at Bank of Butterfield and at IBL, she had seen a need for a way to provide Internet settleme...
DATE: Jul 25, 2003
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The Royal Gazette/Bermuda Stock Exchange index rose 38.66 points, or 1.57 percent, yesterday to close at 2,502.04.
The Bank of Bermuda climbed $1.25 to $36.75 on light volume of 100 shares. KeyTech Ltd. was unchanged at $10 as 3,018 shares traded han...
DATE: Jul 25, 2003
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A chart and news report in the business section of last Friday's Royal Gazette mistakenly listed Allied World Assurance Company (AWAC) and IPC Holdings as captive insurers domiciled in Ireland. The information was according to the Industrial Developm...
DATE: Jul 24, 2003
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There was no change on the Royal Gazette/Bermuda Stock Exchange index yesterday, with just over $30,000 worth of shares changing hands.
The bulk of shares to trade were BF&M which closed unchanged at $10.35.
The index closed at 2,463.38 on a volume o...
DATE: Jul 24, 2003
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Bank of Bermuda and multinational bank HSBC would not this week confirm or deny a claim made on Monday that the latter was in takeover talks with the Island's largest bank.
Although not denying the claim, Bank of Bermuda boss Henry Smith said it was ...
DATE: Jul 24, 2003
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