49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Reuters) - Wall Street will greet a new president this week with high hopes for a fresh start, but a deluge of corporate earnings reports pointing to a deepening recession could spoil the welcome party.
Stocks closed the curtain on the Geor...
DATE: Jan 19, 2009
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NEW YORK (Bloomberg) — Bermuda-based MF Global Ltd.'s long-term issuer rating was cut one level to Baa2 by Moody's Investors Service because of declining trading volume and lower client balances at the derivatives broker.
About $360 million of debt i...
DATE: Jan 19, 2009
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The Bermuda International Chapter of the Chartered Property Casualty Underwriters (CPCU) Society held their New Designee Reception at XL House, an event sponsored by the XL Foundation. The guest speaker was the president of the worldwide CPCU Society...
DATE: Jan 19, 2009
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TORONTO(Reuters) - Investors are counting on the Bank of Canada to deliver a hefty 50 basis point interest rate cut tomorrow, with anything less likely to knock the country's already fragile stock market lower, analysts say.
A minority of market play...
DATE: Jan 19, 2009
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NEW YORK (Reuters) - The dollar and yen weakened on Friday as fresh government aid for US banks eased some investor concerns about stress in the financial sector, reducing safe-haven flows into the US and Japanese currencies.
News that Bank of Americ...
DATE: Jan 19, 2009
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The Royal Gazette/ Bermuda Stock Exchange (BSX) Index tumbled by three percent during a week in which the share prices of six companies fell, while none rose.
The BSX Index ended last week down 95.96 points (or 2.97 percent) at 3,221.08, its lowest p...
DATE: Jan 19, 2009
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Colonial Group International Ltd and its life/health and property/casualty operating subsidiaries have had their issuer credit ratings (ICR) of "a-", and financial strength rating (FSR) of "A-" affirmed by A.M. Best Co. The outlooks assigned to both ...
DATE: Jan 19, 2009
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LONDON (Bloomberg) — The three-legged emblem on the red Isle of Man flag in Allan Bell's office has a motto that the British tax haven's treasury minister hopes stays true.
"Whichever way you throw me, I stand," Bell said.
That resilience is now bein...
DATE: Jan 19, 2009
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NEW YORK (Bloomberg) — Bermuda-based Tyco Electronics Ltd. lost a contract valued at $2 billion to build a statewide wireless network in New York to improve communication for the first teams to respond to emergencies or terror attacks.
Testing last y...
DATE: Jan 19, 2009
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LONDON (Bloomberg) — Britain's financial regulator is investigating the involvement of so-called feeder funds in Bernard Madoff's alleged $50 billion fraud, according to two people with knowledge of the case.
The Financial Services Authority is looki...
DATE: Jan 19, 2009
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