49296 results returned for search: "" category ("Other" AND "Business")
Upstart jurisdictions hoping to draw international business away from Bermuda can expect a tough fight, industry groups said this week.
The British Crown dependency of Guernsey is the latest to set its sights on Bermuda's reinsurance market and will ...
DATE: Oct 10, 2008
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Haven't we seen this movie before? Central bank runs easy monetary policy.
Easy money inflates asset bubble.
Central bank tightens monetary policy.
Asset bubble bursts.
Central bank runs easy monetary policy to offset effects of burst bubble.
Easy mo...
DATE: Oct 10, 2008
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NEW YORK (Bloomberg) — Bermuda-based Primus Guaranty Ltd., which manages $24.2 billion in credit-default swaps, said it expects to make payments on $68.2 million in guarantees on Kaupthing Bank hf bonds after the Icelandic bank was seized by the gove...
DATE: Oct 10, 2008
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NEW YORK (Bloomberg) — Ace Ltd., the insurer that moved its headquarters to Zurich from Bermuda, said third-quarter earnings fell and the value of investments declined by $1.5 billion.
Operating income, which excludes losses on holdings, was $1.44 to...
DATE: Oct 10, 2008
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LONDON (AP) - Britain's local government authorities are planning to ask for temporary tax breaks from the national government as they brace for potentially huge losses on funds placed with now-failed Icelandic banks, the Local Government Association...
DATE: Oct 10, 2008
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Validus Holdings yesterday announced that it expects losses of $185 million from Hurricanes Ike and Gustav to negatively affect its third quarter of 2008.
Validus chairman and CEO Ed Noonan said the company believes estimated losses to date in the in...
DATE: Oct 10, 2008
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Banks can ignore the market's message all they want. They can't make investors believe them.
Contrary to many news reports, the Securities and Exchange Commission and the Financial Accounting Standards Board did not loosen the rules for fair-value ac...
DATE: Oct 10, 2008
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WASHINGTON (Reuters) - Emerging-market economies face their biggest challenge in a decade as G7 finance ministers gather this weekend in Washington to discuss ways to prevent a devastating financial crisis from snowballing into developing countries.
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DATE: Oct 10, 2008
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NEW YORK (Bloomberg) — The government is planning to buy stakes in a wide range of banks within weeks as the credit freeze increasingly threatens to tip the US economy into a deep recession.
Treasury Secretary Henry Paulson and top aides are still co...
DATE: Oct 10, 2008
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LONDON (AP) - Bonuses at London's banks will plunge nearly 60 percent this year, a leading economic consultancy predicted yesterday, as Britain's Prime Minister Gordon Brown demands punishment for irresponsible bankers.
Brown said he is angry at the ...
DATE: Oct 10, 2008
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