49296 results returned for search: "" category ("Other" AND "Business")
Accountancy firm KPMG yesterday announced it is cutting its Bermuda workforce by nine due to the impact of "the unprecedented global economic situation".
In a statement yesterday, the company said the nine accountants being released today were all no...
DATE: May 29, 2009
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AUTHOR:
Jonathan Kent
LONDON (Bloomberg) — Bermuda-based Frontline Ltd., the world's largest operator of supertankers, said it was the first publicly traded shipping line to cancel contracts for new oil carriers and predicted a third of all orders will be delayed or cance...
DATE: May 29, 2009
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TORONTO (Reuters) - Toronto's main stock market index rallied yesterday as energy shares climbed in tandem with oil prices and financial shares gained as results from some of Canada's big banks topped market expectations.
Four banks reported results ...
DATE: May 29, 2009
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Covidien Ltd. announced that its shareholders, at a special meeting held today, have approved a transaction which will effectively change Covidien's place of incorporation from Bermuda to Ireland.
Assuming receipt of the required approval from the Su...
DATE: May 29, 2009
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The spate of departures of Bermuda international companies to Europe is a matter of concern, but this is no time to panic.
That was the message yesterday from a business leader and a politician who believe the trend is a signal to the Island to do ev...
DATE: May 29, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The Royal Gazette / Bermuda Stock Exchange (BSX) Index was unchanged yesterday, after a quiet session of trading.
The only domestic companies to see trading activity were Butterfield Bank, which remained unchanged on $5.55, and KeyTech Ltd., which st...
DATE: May 29, 2009
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ZURICH (Bloomberg) — Swiss Reinsurance Co. said reinsurance taken out by primary insurers hurt by the financial crisis to bolster capital will jump this year to $10 billion, or about five percent of the industry's sales.
Swiss Re and Munich Re are am...
DATE: May 29, 2009
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LONDON - Britain's leading shares fell 0.65 percent as renewed jitters over the health of the financial sector hit banks and offset gains by heavyweight oils. At the close the FTSE 100 was 28.69 points lower at 4,387.54, snapping two sessions of gain...
DATE: May 29, 2009
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OSLO (Bloomberg) — Northern Offshore Ltd., a Norwegian oil drilling company, said net profit for the first quarter declined to $3.6 million from $9.5 million in the year earlier period, the Bermuda-based company said in a statement published on its w...
DATE: May 29, 2009
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LONDON (AP) — Net mortgage lending in Britain hit the lowest level in eight years in April while savings growth remained subdued, the British Bankers Association said yesterday, suggesting the Bank of England's massive cash injections into the econom...
DATE: May 28, 2009
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