49296 results returned for search: "" category ("Other" AND "Business")
BF&M Ltd. was the big trader on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The insurance company boosted its share price by 50 cents (3.03 percent) to $17, with 2,310 shares traded.
But Butterfield Bank fell five cents (0.48 perc...
DATE: Jan 09, 2009
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NEW YORK (Reuters) - A search of accused swindler Bernard Madoff's office desk revealed he had signed cheques totalling more than $173 million ready to be sent, US prosecutors said in court papers yesterday asking a judge to jail him.
The government'...
DATE: Jan 09, 2009
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Bermuda and the United States will sign a treaty next week to crack down on money launderers, drug traffickers and terrorists.
The signing of the Mutual Legal Assistance Treaty (MLAT) will take place next Monday.
Finance Minister Paula Cox announced ...
DATE: Jan 09, 2009
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Speed and forward planning is of the essence when facing the prospect of redundancy or in the event of being made redundant, according to Doug Soares, a partner at Expertise Ltd.
Mr. Soares reckons timing is crucial to find a new job due to the typic...
DATE: Jan 09, 2009
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LONDON (AP) — Administrators for Waterford Wedgwood PLC, the collapsed maker of classic china and crystal, said yesterday they had reached a tentative agreement with US private equity firm KPS Capital Partners over the sale of many of the company's a...
DATE: Jan 09, 2009
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Bermuda-based reinsurer IPC Holdings Ltd. has increased its estimate of losses tied to hurricanes Gustav and Ike by about 53 percent to $135 million.
The company's third-quarter results included claims estimates of $88 million.
The Bermuda insurance ...
DATE: Jan 09, 2009
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NEW YORK (Bloomberg) — Citigroup Inc.'s commodities-trading unit followed BP Plc and Royal Dutch Shell Plc in anchoring a full oil tanker offshore northern Scotland to profit from higher prices later this year.
Phibro LLC is keeping up to one million...
DATE: Jan 09, 2009
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LONDON (Reuters) - The Bank of England cut interest rates by half a percentage point yesterday to a record low of 1.5 percent and economists expect it to cut again in February as it battles to prevent Britain from falling into a deep slump.
British i...
DATE: Jan 09, 2009
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The Bernard Madoff investment debacle could see the insurance industry paying out around $1 billion in claims as investors sue institutions and money managers who put funds into an alleged giant Ponzi scheme.
That is the view of Greg Flood, president...
DATE: Jan 09, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (AP) - A deal to help head off more mortgage foreclosures pulled Wall Street out of a slump yesterday, giving stocks a mostly higher close. Democratic lawmakers reached an agreement with Citigroup Inc. on a plan to let bankruptcy judges alte...
DATE: Jan 09, 2009
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