3097 results returned for search: "" category "International Business"
NEW YORK (Bloomberg) A Citigroup Inc affiliate was served with a summons by the trustee liquidating Bernard Madoff’s firm as part of a lawsuit against so-called feeder fund Kingate Global Fund Ltd, according to a court filing.
Citi Hedge Fund Service...
DATE: Jun 30, 2011
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CATEGORY:
International Business
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The introduction of Alternative Fund Managers Directive (AIFMD) was top of the agenda for Business Bermuda at the Geneva Hedge Fund Re-domiciliation conference for Managers & Funds in Switzerland this week.
The one-day event, which was held at the St...
DATE: Jun 30, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) Cisco Systems Inc has cut its income taxes by $7 billion since 2005 by booking roughly half its worldwide profits at a subsidiary at the foot of the Swiss Alps that employs about 100 people.
Now Cisco, the largest maker of networ...
DATE: Jun 29, 2011
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CATEGORY:
International Business
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Endurance Specialty Holdings CEO David Cash said his company is still very committed to Bermuda and believes that rivals who have redomiciled to Europe may come to regret their moves.
Mr Cash said that while the benefits of doing business in Bermuda ...
DATE: Jun 28, 2011
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CATEGORY:
International Business
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Ace Bermuda is the first company on the island to achieve the Silver status with the globally recognised business development programme, Investors in People.
At an employee reception yesterday at their headquarters, Premier Paula Cox presented the co...
DATE: Jun 28, 2011
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CATEGORY:
International Business
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The next bubble in the financial markets is now being inflated by the extraordinarily low yields on Government debt, according to Schroders’ group chief investment officer Alan Brown.
Large holders of sovereign debt, such as Bermuda insurance compani...
DATE: Jun 28, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) - HSBC Holdings plc asked a judge to dismiss a $9 billion lawsuit by the trustee liquidating Bernard Madoff’s firm, saying he is not allowed by law to bring such cases on behalf of the confidence man’s former customers.
Irving Pi...
DATE: Jun 27, 2011
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CATEGORY:
International Business
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Twelve Bermuda-based account holders had a combined total of nearly $2 million in alleged fraudster Allen Stanford’s Antigua-licensed Stanford International Bank Ltd, according to a report by the online OffshoreAlert newsletter.
The article said the ...
DATE: Jun 27, 2011
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CATEGORY:
International Business
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Utilico Emerging Markets Ltd made a return of 21.4 percent per share in the year to March 31, 2011 despite tough economic conditions.
The Bermuda Stock Exchange (BSX) listed company’s total return was achieved by a diluted net asset value (NAV) per s...
DATE: Jun 24, 2011
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CATEGORY:
International Business
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AM Best Europe Rating Services Ltd has affirmed the financial strength rating of A- (excellent) and the issuer credit ratings of a- of Bermuda-based Through Transport Mutual Insurance Association Limited (TTB) and its subsidiary, the UK-based TT Club...
DATE: Jun 24, 2011
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CATEGORY:
International Business
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