3305 results returned for search: "" category "International Business"
NEW YORK (Bloomberg) Bermuda-based Teekay Corp, owner of vessels that haul oil and liquefied natural gas, reported fourth-quarter profit more than doubled because of gains from interest-rate swaps.
Net income increased to $85.9 million, or $1.16 a sh...
DATE: Feb 25, 2011
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CATEGORY:
International Business
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Bermuda-based investment manager Osmium Capital Management Ltd is changing its name to Revelation Capital Management Ltd.
In a statement, the firm said the new name “symbolises our core beliefs and demonstrates the process behind our strong performan...
DATE: Feb 25, 2011
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CATEGORY:
International Business
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The fund firm that provided consultancy services to the Bermuda-based Bernard Madoff feeder fund, Kingate Management, is to wind up its operations.
FIM Ltd stated in regulatory filing that it would “will cease activities within the foreseeable future...
DATE: Feb 25, 2011
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CATEGORY:
International Business
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WASHINGTON (Bloomberg) Four bankers who worked at Credit Suisse Group AG were charged with conspiring to help US clients evade taxes through secret bank accounts, according to an indictment yesterday and people familiar with the matter.
Marco Parenti...
DATE: Feb 24, 2011
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CATEGORY:
International Business
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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
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CATEGORY:
International Business
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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
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CATEGORY:
International Business
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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
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CATEGORY:
International Business
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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
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CATEGORY:
International Business
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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
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CATEGORY:
International Business
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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
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CATEGORY:
International Business
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