49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Reuters) - The $173 billion government rescue of American International Group Inc is stoking resentment among investors who see it as a backdoor taxpayer bailout of Goldman Sachs and other banks.
Six months after the government stepped in s...
DATE: Mar 11, 2009
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Max Capital Group Ltd. yesterday said the return on its alternative investments for the first two months of this year is expected to be around two percent, or an increase in value of approximately $18 million.
The specialty insurer and reinsurer, whi...
DATE: Mar 11, 2009
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It proved to be a quiet day on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday, with the Index opening and closing at 2,575.54.
A total of 2,100 shares worth $13,650 were traded during the course of the day, as Butterfield Bank account...
DATE: Mar 11, 2009
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Bank of Bermuda chief executive officer Philip Butterfield is unconcerned by major local rival Butterfield Bank getting a helping hand from Government to boost its capital base.
The deal which saw Government guarantee the principal and dividends on $...
DATE: Mar 11, 2009
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AUTHOR:
Jonathan Kent
Bermuda Air Conditioning Ltd. (BAC) is bucking the trend of many companies by raising its investment in Bermuda as the current economic crisis deepens.
Mills Creek Properties Ltd., a subsidiary of BAC, yesterday announced that it had just broken grou...
DATE: Mar 11, 2009
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LONDON (Reuters) - Britain will officially start quantitative easing — effectively printing money to help pull the economy out of recession — today with the Bank of England offering to buy £2 billion of government bonds.
That will only be the first s...
DATE: Mar 11, 2009
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Butterfield Bank is hopeful that a substantial portion of the $200 million of preferred stock it is issung with Government guarantees will be subscribed by private buyers.
In an historic agreement announced last Friday, Government agreed to guarantee...
DATE: Mar 11, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (AP) - Amazon.com Inc. has received a lot of attention and respectable sales for its Kindle e-book reader, but it has hardly made a dent in the hardcover armour of the old-fashioned paper book.
Last week, the Internet company revealed anothe...
DATE: Mar 11, 2009
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BF&M Ltd. chief executive officer John Wight says training to be a chartered accountant is well worth the effort — despite the widespread job losses seen in the financial sector in recent months.
Mr. Wight, who is chairman of the Institute of Charter...
DATE: Mar 10, 2009
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AUTHOR:
Jonathan Kent
Motivation and hard work has made her the first to cross the finishing line of numerous races. Victoria Fiddick, one of Bermuda's most successful female runners now shares her expertise through her running classes which have proven popular, especiall...
DATE: Mar 10, 2009
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