49296 results returned for search: "" category ("Other" AND "Business")
Ratings agency Moody's has put Butterfield Bank's bank financial strength and long-term debt ratings on review for possible downgrade.
Moody's said the move was prompted by its earlier decision, announced on Monday, to put the Government of Bermuda o...
DATE: Mar 19, 2009
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AUTHOR:
Jonathan Kent
Retail sales volume fell by 4.3 percent for January 2009, continuing a nine-month stretch of declines, according to the latest figures released by Government.
The Department of Statistics Retail sales Index revealed that the volume of sales, after ad...
DATE: Mar 19, 2009
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Shadow Finance Minister Bob Richards says Government is "way too casual" about the need to make Bermuda's case as an insurance centre, amid rising rhetoric directed at offshore financial centres.
The United Bermuda Party MP's comments came after the ...
DATE: Mar 19, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
TORONTO (Reuters) - Toronto's main stock index closed higher yesterday for a seventh straight session after a surprise move by the US Federal Reserve to revive the battered US economy bolstered investor confidence.
The US central bank said it would s...
DATE: Mar 19, 2009
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HAMILTON, Bermuda (AP) - Reinsurance provider PartnerRe Ltd. said on Monday it completed its tender offer to buy $250 million of 6.44 percent junior subordinated notes due 2066, and will buy about 75 percent worth of those notes.
PartnerRe said the d...
DATE: Mar 19, 2009
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Finance Minister Paula Cox looked to differentiate Bermuda from more secretive low-tax jurisdictions yesterday, when she argued that the Island was no "Johnny come lately" amid a widening move towards tax information exchange agreements (TIEAs) betwe...
DATE: Mar 19, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Montpelier Reinsurance Ltd. and Montpelier US Insurance Co. have been affirmed a financial strength rating (FSR) of A- (excellent) and issuer credit ratings
Concurrently, Best has affirmed the ICR of "bbb-" and all debt ratings of Montpelier Re Holdi...
DATE: Mar 19, 2009
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NEW YORK (AP) - The Federal Reserve is keeping Wall Street's big rally alive - and giving the Treasury market a boost as well.
The Fed said yesterday it will pump about $1 trillion into the economy, including the purchase of up to $300 billion of lon...
DATE: Mar 19, 2009
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Butterfield Bank's share price declined further by five cents (0.78 percent) on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The bank closed the day at $6.30, with 19,538 shares traded.
The Index, as a whole, dropped 8.74 points (0...
DATE: Mar 19, 2009
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NEW YORK (AP) - Fitch Ratings placed the BBB+ issuer default ratings of Bermuda-based White Mountains Insurance Group Ltd. on ratings watch negative.
The move also applies to the BBB+ issuer default ratings of its wholly owned intermediate holding co...
DATE: Mar 19, 2009
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