49296 results returned for search: "" category ("Other" AND "Business")
WASHINGTON (AP) — The Federal Reserve, acknowledging the economy has continued to deteriorate, signalled yesterday that it will keep using unconventional tools to cushion the fallout, including keeping a key interest rate at a record low for quite "s...
DATE: Jan 29, 2009
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NEW YORK (Bloomberg) — Bermuda-based Intelsat Ltd., a commercial satellite operator, plans to sell $200 million of senior notes due in 2015 through one of its units, according to a person familiar with the offering.
The notes will "mirror" the compan...
DATE: Jan 29, 2009
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The Ministry of Finance has appointed Marston Webb International as its public relations and media relations consultants to sell Bermuda as a top international financial centre to investors abroad.
Finance Secretary Donald Scott said the agency will ...
DATE: Jan 29, 2009
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Former CEO of Swiss Reinsurance Co.'s UK operations Tim Carroll has joined Lloyd's of London insurer Canopius Managing Agents Ltd. as underwriting director.
Mr. Carroll, a former chairman of the International Underwriting Association, joins Canopius ...
DATE: Jan 29, 2009
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Bermuda-based hedge fund manager Osmium Capital Management Ltd. has come up with an innovative way of allowing its investors to steer clear of the vagaries of major currency values — by denominating a class of shares in its fund in gold instead of mo...
DATE: Jan 29, 2009
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AUTHOR:
Jonathan Kent
LONDON (Bloomberg) — Novae Group Plc, a Lloyd's of London insurer, said it approached the chairman of Chaucer Holdings Plc to discuss a possible merger.
Novae made the statement after Chaucer earlier climbed 13 percent, the most in three months, foll...
DATE: Jan 29, 2009
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Some of the world's top independent economic analysts believe Bermuda's economy is at growing risk of contracting, largely because of its heavy reliance on the slumping US financial sector.
A report issued this week by The Economist Intelligence Unit...
DATE: Jan 29, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (Reuters) - US stocks rose yesterday, capping the S&P 500's longest winning streak since November, as financial stocks soared on optimism the Obama administration was making progress on a plan to relieve banks of money-losing assets.
Stocks ...
DATE: Jan 29, 2009
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WASHINGTON (Bloomberg) — The Federal Deposit Insurance Corp. may manage the so-called bad bank that the Obama administration is likely to set up as it tries to break the back of the credit crisis, two people familiar with the matter said.
US stocks g...
DATE: Jan 29, 2009
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Butterfield Bank and Argus Group Holdings Ltd. both saw their share prices decline by five cents (0.52 percent) on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
Butterfield Bank's share value dropped to $9.40, with 750 shares traded...
DATE: Jan 29, 2009
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