49296 results returned for search: "" category ("Other" AND "Business")
KUWAIT (Reuters) – Kuwait's sovereign wealth fund said yesterday it had sold its stake in Citigroup for a profit of $1.1 billion, becoming the latest Gulf investor to sell foreign shares as markets improve.
Kuwait Investment Authority (KIA) transferr...
DATE: Dec 08, 2009
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LONDON (AP) — The British government is likely to slug high earners with more taxes to pay the cost of economic recovery in a major budgetary report this week that will stake out its position ahead of the country's next general election.
With Britain...
DATE: Dec 08, 2009
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Bermuda-based insurer Ironshore has established a dedicated Global Builders Risk Property business as an extension of its Global Property division.
Joseph Vierling, formerly with Bermuda rival Arch Capital, has been named vice-president, Builders Ris...
DATE: Dec 08, 2009
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NEW YORK/WASHINGTON (Reuters) - Citigroup Inc and the US government disagree over how much the bank should raise to repay taxpayers and talks may not finish for weeks or even months, people briefed on the matter said yesterday.
The bank and the Unite...
DATE: Dec 08, 2009
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SAN FRANCISCO (AP) — AOL is shaking loose from Time Warner Inc. and heading into the next decade the way it began this one, as an independent company. Unlike the 1990s, though, when AOL got rich selling dial-up Internet access, it starts the 2010s as...
DATE: Dec 08, 2009
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Butterfield Bank and Bermuda Press (Holdings) Ltd. helped the Bermuda Stock Exchange to a positive trading day.
Bermuda Press, owner of The Royal Gazette, gained 50 cents, or 4.8 percent, on the trading of 1,000 shares to close on $11.
Butterfield cl...
DATE: Dec 08, 2009
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NEW YORK (AP) — Even the prospect of interest rates staying low couldn't keep buyers in the stock market.
Stocks ended little changed yesterday, having given back a brief afternoon gain that followed comments from Federal Reserve chairman Ben Bernank...
DATE: Dec 08, 2009
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CHICAGO (Reuters) - More US consumers say job concerns are causing them to spend less on the holidays this year and the majority are still waiting for big discounts to finish their Christmas shopping, a new survey said.
Thirty-eight percent of the pe...
DATE: Dec 08, 2009
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Bermuda has concluded negotiations of a tax information exchange agreement (TIEA) with Belgium, Finance Minister Paula Cox announced yesterday.
The deal includes a commitment by Belgium to conclude a series of "mini double taxation agreements with Be...
DATE: Dec 08, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (Reuters) - Five senior executives at American International Group told the insurer last week they may quit if their compensation was cut significantly by the US pay czar, the Wall Street Journal reported.
The five senior AIG executives indi...
DATE: Dec 08, 2009
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