49296 results returned for search: "" category ("Other" AND "Business")
The Royal Gazette/Bermuda Stock Exchange Index (BSX) fell to its lowest level since November 2000 yesterday, dropping 23.92 points (1.1 percent) to 2,142.66.
The Index traded 12,000 shares worth $60,655.
Bermuda Aviation Services declined 55 cents (9...
DATE: Apr 07, 2009
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CellularOne is to launch an upgraded wireless service that will allow its subscribers to make video calls and receive high-speed Internet service on their cell phones.
The third-generation (3G) UMTS network will also allow the use of SIM cards — whic...
DATE: Apr 07, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
DALLAS (AP) — A Canadian man who dubbed himself the "Chinese Warren Buffett" faces federal charges of running a Ponzi, or pyramid, scheme targeting Chinese-Americans that has left millions of dollars unaccounted for.
The Securities and Exchange Commi...
DATE: Apr 07, 2009
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GENEVA (AP) — Swiss banks have long irked German and French tax collectors. The latest battle is nothing new, except Switzerland's big neighbours now have the backing of even bigger powers — the United States and China — in the fight against tax have...
DATE: Apr 06, 2009
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Shares of Bermuda bond insurer Assured Guaranty shot up by 20 percent on Friday, after the company announced its share of the US public projects business rocketed in the first quarter.
Assured, has benefited from being able to maintain its top credit...
DATE: Apr 06, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
london (Bloomberg) — The outlook for European insurers is "negative" because of investment losses and weaker earnings, Moody's Investors Service said.
"Earnings prospects for the first quarter, and indeed for the rest of the year, already appear cons...
DATE: Apr 06, 2009
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WASHINGTON (AP) — The US government may require new faces in executive suites at banks requiring "exceptional assistance" in the future, Treasury Secretary Timothy Geithner said yesterday.
Critics of the Obama administration's move last weekend to fo...
DATE: Apr 06, 2009
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The policy intentions pronounced at the recent G20 summit meeting went down well with the financial markets. It certainly stimulated an increase in risk appetite. The sherpas did a grand job working hard behind the scenes so that the summiteers could...
DATE: Apr 06, 2009
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LONDON (AP) — Stockholders have purchased nearly 97 percent of new shares offered under a rights issue, HSBC said yesterday, raising nearly $18 billion (£12 billion) for the London-based bank.
HSBC, which owns the Bank of Bermuda, announced the issue...
DATE: Apr 06, 2009
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Bermuda-based bond reinsurer Ram Holdings Ltd. said it is considering delisting from the Nasdaq Stock Exchange and is not seeking to write any new business in the near term.
The comments came on Friday as the company announced a $55.8 million loss fo...
DATE: Apr 06, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
