49296 results returned for search: "" category ("Other" AND "Business")
FRANKFURT (Reuters) - The European Central Bank cut interest rates by 50 basis points yesterday as the euro zone economy faces its first recession, and forecast inflation should drop to its target next year.
President Jean-Claude Trichet said that tu...
DATE: Nov 07, 2008
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NEW YORK (Reuters) - Bermuda-based Tyco Electronics Ltd, a maker of electronic connectors, wireless systems and undersea fibre optic networks, reported higher-than-expected quarterly profit yesterday but warned that weak European auto markets would h...
DATE: Nov 07, 2008
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Allied World Assurance Co. Holdings Ltd. suffered a $46.4 million net loss during the third quarter as the fallout from Hurricanes Gustav and Ike started to take effect.
The insurer posted a net loss of 95 cents per share in the third quarter compare...
DATE: Nov 07, 2008
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US stocks completed their worst two-day slide since October 1987 — and Bermuda's international companies did not escape the sell-off.
Disappointing corporate outlook and poor sales figures from major retailers fuelled fears of a major slowdown, as th...
DATE: Nov 07, 2008
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Bermuda reinsurer Validus Holdings Ltd. suffered a net loss of $126.3 million for the third quarter, after taking big hits from hurricanes, investment losses and foreign exchange losses.
The class of 2005 company's first quarterly loss, which broke d...
DATE: Nov 07, 2008
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AUTHOR:
Jonathan Kent
Net income: Loss of $13.2 million compared to a profit of $10.5 million in 2007.
Combined ratio (reinsurance): 94.9 percent compared to 87.8 percent in 2007.
Gross (reinsurance) premiums written: $77 million compared to $69 million in 2007.
DATE: Nov 07, 2008
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Endurance Specialty Holdings Ltd. reported a net loss of $99.4 million, or $1.79 per share, for the third quarter of 2008 versus a profit of $131.4 million, or $1.81 per share, for the same period last year in the wake of the destruction wreaked by H...
DATE: Nov 07, 2008
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NEW YORK (AP) — Blackstone Group LP, one of the world's largest private-equity funds, reported yesterday a steep third-quarter loss as the financial crisis lowered the value of its investments.
The buyout shop, which makes its money buying distressed...
DATE: Nov 07, 2008
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It sounds like a match made in heaven — a groundbreaking and mutually beneficial partnership between the AME Church and Capital G Bank.
Thousands of AME members on the Island are being encouraged to join a new scheme and switch their financial affair...
DATE: Nov 07, 2008
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AUTHOR:
Sam Strangeways
Bermuda-based financial guarantor Assured Guaranty Ltd. posted a third-quarter loss after a decline in the value of insured securities backed by home loans.
The net loss narrowed to $63.3 million, or 70 cents a share, from $115 million, or $1.70 cent...
DATE: Nov 07, 2008
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