49296 results returned for search: "" category ("Other" AND "Business")
new york (Bloomberg) — The dollar weakened to the weakest level against the euro since late September as the Federal Reserve cut the target lending rate to near zero.
The yen rose for a seventh week versus the dollar, its longest rally since December...
DATE: Dec 22, 2008
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LONDON (Reuters) - International Monetary Fund chief Dominique Strauss-Kahn said a lack of fiscal stimulus by governments to tackle the global slowdown may make a bad 2009 even worse, according to an interview released yesterday.
Strauss-Kahn told BB...
DATE: Dec 22, 2008
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DUBLIN (Bloomberg) — Ireland will pump 5.5 billion euros ($7.7 billion) into its three largest banks and take control of Anglo Irish Bank Corp. to protect the nation's financial-services industry from collapse after credit markets froze.
The governme...
DATE: Dec 22, 2008
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NEW YORK (Bloomberg) — The world's biggest bond investors can't stop buying Treasuries even though they're comparing government debt to Internet stocks just before the technology bubble burst.
The worst economy since World War II, credit-market losse...
DATE: Dec 22, 2008
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XL Capital Ltd. suffered its third downgrade in a week on Friday, when Moody's cut the company's senior debt rating to Baa2 from Baa1.
The ratings agency also downgraded the Bermuda-based business insurer's insurance financial strength rating to A2 f...
DATE: Dec 22, 2008
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AUTHOR:
Jonathan Kent
Validus Reinsurance Ltd. has had its A- (excellent) financial strength rating affirmed by AM Best.
The New Jersey-based ratings agency also affirmed also the Bermuda-based reinsurer's issuer credit rating at "a-", with a stable outlook for all rating...
DATE: Dec 22, 2008
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Shareholders of Bermuda Stock Exchange-listed Fabian Romania Ltd. got an early Christmas present on Friday with the news of a buyout offer at almost double that morning's share price.
Fabian, formed in April 2005 to build up assets in Romanian proper...
DATE: Dec 22, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer Ariel Re has been linked in the British press with a takeover bid for Lloyd's of London insurer Chaucer Holdings.
The Independent on Sunday yesterday reported that Ariel was being advised by banking group Hawkpoint, which acte...
DATE: Dec 22, 2008
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NEW YORK (Bloomberg) — Genworth Financial Inc., MGIC Investment Corp. and Old Republic International Corp. had their mortgage insurance units downgraded by Standard & Poor's on prospects of more homeowner defaults as housing prices decline.
"Our fore...
DATE: Dec 22, 2008
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MADRID (Bloomberg) — For six decades, Andorra prospered by catering to skiers, smokers and wealthy people trying to avoid taxes. With those revenues drying up, the mountain principality between France and Spain is now putting itself up for sale. The ...
DATE: Dec 22, 2008
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