49296 results returned for search: "" category ("Other" AND "Business")
The US Senate yesterday proposed draft legislation aimed at closing a "tax loophole" claimed to give some Bermuda insurance groups an advantage over their US rivals.
The move, which echoes the aims of the bill put forward in the House of Representati...
DATE: Dec 11, 2008
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AUTHOR:
Jonathan Kent
CHARLOTTE, North Carolina (AP) — American International Group Inc. said yesterday it is working on resolving nearly $10 billion in soured investments — without asking taxpayers for more money.
The exposure stems from investments in mortgage and corpo...
DATE: Dec 11, 2008
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NEW YORK (Bloomberg) — Tyco International Ltd., the world's biggest maker of security systems, and oil refinery designer Foster Wheeler Ltd. said they are considering relocating from Bermuda to Switzerland, where tax laws may be more favourable.
Legi...
DATE: Dec 11, 2008
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Bermuda's insurance industry see an increase in insurance rates in the wake of higher underwriting losses and the financial crisis this year.
A combination of the impact of the destruction wreaked by Hurricanes Gustav and Ike and the current economic...
DATE: Dec 11, 2008
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XL Capital Ltd. said last night it expected to report more than $200 million in losses from its alternative investment portfolio for the fourth quarter. And the company added that its fourth-quarter losses so far would be "largely in line with" third...
DATE: Dec 11, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The owner/operator of the White Horse Pub and Restaurant has moved to clarify the reasons behind the establishment closing on December 22 and re-opening in mid-March.
Following an article in yesterday's edition of The Royal Gazette, Kevin Sousa conta...
DATE: Dec 11, 2008
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The Royal Gazette/Bermuda Stock Exchange Index (BSX) held steady yesterday, with no share prices changing value.
The Index as a whole opened and closed on 3,489.59, with a total of 9,718 shares worth $106,631.50 changing hands.
The only traders were ...
DATE: Dec 11, 2008
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WASHINGTON (AP) - Emergency aid for the nation's imperiled auto industry was thrown into jeopardy yesterday, opposed by Republicans who were revolting against a hard-fought deal between Democrats and the Bush White House to speed $14 billion to ailin...
DATE: Dec 11, 2008
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NEW YORK (AP) - A surge in commodities prices put Wall Street back on an upward track yesterday. Stocks rose moderately as investors saw rebounding prices for gold, commodities prices as a reason to snap up energy and materials stocks.
Commodities pr...
DATE: Dec 11, 2008
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LONDON (Reuters) - British factory output shrank sharply in October, property sales are at a record low and the Christmas season is failing to ignite retail sales as evidence grows that Britain is entering a long and painful recession.
Sterling fell ...
DATE: Dec 10, 2008
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