49296 results returned for search: "" category ("Other" AND "Business")
MUMBAI (Bloomberg) — Shares of Reliance Capital Ltd. and Aditya Birla Nuvo Ltd. gained on speculation Prime Minister Manmohan Singh's government would ease restrictions for overseas investment in the insurance industry.
"Among major financial-sector ...
DATE: May 20, 2009
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Emerging markets will lead the world out of recession — and they will continue to be the engines of economic growth in the years to come.
That is the view of Allan Conway, head of emerging market equities with investment giant Schroders, who says dev...
DATE: May 20, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda Container Line Ltd (BCL) reported that profits plunged by 41 percent last year as investment income fell dramatically.
The company, which brings in imports on the Oleander container ship, said net income fell by almost $2.5 million, compared ...
DATE: May 20, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
NEW YORK (Reuters) - Bank of America Corp raised $13.47 billion through a share sale, marking a major step toward meeting the US government's requirements for capital-raising following the recent "stress testing" of the bank.
Including proceeds from ...
DATE: May 20, 2009
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AMSTERDAM (Bloomberg) — ABN Amro Holding NV and Fortis Bank Nederland Holding NV, bought by the Dutch state last year, may cut as many as 5,000 jobs, or 17 percent of the workforce, by 2012 as the Netherlands merges the businesses.
"We expect a reduc...
DATE: May 20, 2009
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CHARLOTTE, North Carolina — Allstate Corp. became the second insurer yesterday to turn down a bailout from the Treasury Department after being approved for government funding .
The property and casualty insurer said it has strong capital and liquidit...
DATE: May 20, 2009
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CHARLOTTE, North Carolina — Embattled insurer American International Group Inc. said yesterday it will reconfigure its board to include six new independent directors.
Six new nominees will be up for election at the New York-based company's annual mee...
DATE: May 20, 2009
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NEW YORK (Bloomberg) — Dominique Ferrero, former chief executive officer of French investment bank Natixis SA, resigned from the board of Lazard Ltd., the investment bank led by Bruce Wasserstein.
Bermuda-based Lazard made the announcement in a regul...
DATE: May 20, 2009
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BONN, Germany (Reuters) – Europe's 30 biggest insurers will face a compulsory stress test in 2010 to gauge their strength to withstand the financial crisis, a top European insurance supervisor said yesterday.
"We have to look at the danger of contagi...
DATE: May 20, 2009
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Kentucky Fried Chicken (Bermuda) Ltd. is considering delisting from the Bermuda Stock Exchange because of the increasing costs associated with being a publicly listed company.
The revelation came in a letter to shareholders from chairman Donald Lines...
DATE: May 20, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
