3081 results returned for search: "" category "International Business"
KPMG in Bermuda has announced that KPMG has been named the Best Fund Audit firm by IFI (Funddomiciles.com).
The award was presented in London on January 19, 2011 after IFI’s Annual Conference on the future of fund domiciles.
Craig Bridgewater, lead ...
DATE: Feb 23, 2011
|
CATEGORY:
International Business
|
LONDON (Bloomberg) Bermuda-based Frontline Ltd., the world’s largest operator of supertankers, posted a bigger-than-expected fourth-quarter loss and declared a dividend that missed estimates after charter costs plunged on a glut of vessels.
The net l...
DATE: Feb 23, 2011
|
CATEGORY:
International Business
|
Talks on a proposed merger between Bermuda-based Gerova Financial Group and UK investment bank Seymour Pierce are expected to be terminated within days, the UK press reported yesterday.
Instead Keith Harris, Seymour Pierce’s chief executive, is expe...
DATE: Feb 21, 2011
|
CATEGORY:
International Business
|
Shares of Bermuda-based Gerova Financial Group (GFC) lost almost a third of their value in New York trading yesterday after the man the firm chose to become its CEO and chairman turned down the job.
Dennis Pelino decided not to accept the job becaus...
DATE: Feb 17, 2011
|
CATEGORY:
International Business
|
Rupert Murdoch’s global media giant News Corporation was forced to pay an Australian state government 77.5 million Australian dollars ($77.2 million) for allegedly avoiding taxes after it listed one of its companies on the Bermuda Stock Exchange (BSX...
DATE: Feb 16, 2011
|
CATEGORY:
International Business
|
US President Barack Obama yesterday proposed a move that would increase the US tax paid by some Bermuda-based reinsurers and clamp down on multinational companies using offshore entities for “earnings stripping”.
The moves were outlined in the Presid...
DATE: Feb 15, 2011
|
CATEGORY:
International Business
|
Bermuda-based Ship Finance International Ltd. has announced the successful completion of $125 million senior convertible bonds due in 2016.
The bonds were marketed with an annual coupon range of 3.75 percent to 4.25 percent and with a conversion prem...
DATE: Feb 11, 2011
|
CATEGORY:
International Business
|
NEW YORK (Reuters) JPMorgan Chase & Co accused the trustee seeking $6.4 billion for victims of Bernard Madoff’s Ponzi scheme of doing an end run around the law in pursuing his case, and said it has a right to a jury trial.
The second-largest US bank ...
DATE: Feb 10, 2011
|
CATEGORY:
International Business
|
Bermuda Commercial Bank (BCB) will have access to investment management services from Canadian firm IceCap Asset Management Ltd after the signing of a global investment advisory agreement.
BCB, which is focused solely on commercial, corporate and pri...
DATE: Feb 10, 2011
|
CATEGORY:
International Business
|
Far from being “dead”, as is popularly believed, bank secrecy is actually still “vibrant”, according to the author of a new book on offshore “tax havens”.
In comments to OffshoreAlert, Nicholas Shaxson criticised the world’s major countries and the m...
DATE: Feb 10, 2011
|
CATEGORY:
International Business
|
