49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based Max Capital Group Ltd. has seen its ratings outlook upgraded to positive from stable by AM Best, partly because of its efforts to reduce the level of risk in its investment portfolio.
Max announced earlier this month that it intended to...
DATE: Dec 12, 2008
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Bermuda insurance groups face a "real risk" of US tax law proposals that would impact them negatively becoming law by as soon as next year.
That is the view of Barclays Capital analysts Jay Gelb and Charles Marr, expressed in a note to investors yest...
DATE: Dec 12, 2008
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox moved to reassure the business community in the wake of XL Capital Ltd. reportedly seeking a buyer and three Bermuda-based companies - Tyco International, Foster Wheeler and Weatherford - announcing plans to move to Switzer...
DATE: Dec 12, 2008
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beijing (Bloomberg) — Dai Chen broods as train No. 1076 rumbles across south China's Guangdong province, taking him back to the fields and trees of his rural home. He'd rather be on the noisy, cramped factory floor in Dongguan where he used to work.
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DATE: Dec 12, 2008
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NEW YORK (Reuters) - Wall Street's bonuses will fall at least 50 percent this year, pushing them back down to the level last seen in 2002, the New York city comptroller said, predicting the pain will not be confined to top executives.
Federal regulat...
DATE: Dec 12, 2008
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Christmas shoppers will be able to buy all of their last-minute gifts without worrying about the meter ticking after the Corporation of Hamilton announced free car parking in its lots throughout the City.
The move, which was officially announced by M...
DATE: Dec 12, 2008
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WASHINGTON (AP) — Labour, lawmakers and the auto industry bargained in unprecedented private talks at the Capitol last night, claiming progress in a common struggle to salvage a $14 billion government bailout of the nation's Big Three carmakers.
"We'...
DATE: Dec 12, 2008
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WASHINGTON (AP) — Citigroup Inc. and UBS AG yesterday agreed to buy back a total of nearly $30 billion in risky auction-rate securities that regulators said the banks marketed to customers as safe.
The Securities and Exchange Commission formally appr...
DATE: Dec 12, 2008
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TORONTO (AP) — The largest leveraged buyout in history is officially dead.
Arguments over a billion-dollar break fee have erupted after an investment group said an audit found its proposed $35 billion deal to take Canadian telecom company BCE Inc. pr...
DATE: Dec 12, 2008
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Former Premier Sir John Swan has warned that Bermuda needs to wake up and realise it faces "severe consequences" from the global recession, including more job losses and falling property values.
The businessman said Bermuda's economy was hugely relia...
DATE: Dec 12, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
