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The Royal Gazette/Bermuda Stock Exchange dropped 25.33 points yesterday with declines in the banking, insurance and utilities sectors.
The BSX closed at 3,787.64, a 0.66 percent decline.
Bermuda Commercial Bank shares were hardest hit on the day with...
DATE: Oct 09, 2008
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REYKJAVIK, Iceland (AP) - Iceland plunged further into financial crisis yesterday as it scrapped plans to nationalise a major bank, instead placing it into receivership, and abandoned attempts to put a floor under its falling currency by fixing the e...
DATE: Oct 09, 2008
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Bermuda's two biggest banks cut interest rates yesterday in line with a concerted move by central banks around the world to shore up the sinking sector and unfreeze credit markets.
The news will be welcome to local variable mortgage holders and those...
DATE: Oct 09, 2008
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Buy-Sell Agreements
How to Avert Disaster in Your Business Partnership
As a business owner, one of the earliest decisions you will make is how to build your team. Should you run the business on your own, or take on partners? There are strong argument...
DATE: Oct 09, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index ended more than 200 points higher yesterday after a volatile session, as a surprise, co-ordinated interest rate cut by several central banks restored some confidence to investors and lit a f...
DATE: Oct 09, 2008
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NEW YORK (AP) — An angst-ridden Wall Street tried but failed to find stability yesterday, with investors attempting to determine whether an emergency interest rate cut would end the paralysis in credit markets. The major indexes moved in and out of p...
DATE: Oct 09, 2008
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LONDON (AP) - Hard-hit British banking stocks recovered yesterday after the government announced a £50 billion ($88 billion) plan to partly nationalise major banks and promised to guarantee a further £250 billion ($438 billion) of bank loans to shore...
DATE: Oct 09, 2008
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Argus Financial Ltd. (AFL) has designated October 6-12 as the first Financial Planning Week in Bermuda. The company is joining organisations in the US, the UK, Australia and elsewhere in celebrating this event every year. In the second of a series of...
DATE: Oct 09, 2008
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Bermuda is not immune from the global financial turmoil that has plunged world markets into free fall, but the Island's international business sector could emerge well from the global carnage.
That is the view of Finance Minister Paula Cox, who told ...
DATE: Oct 09, 2008
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AUTHOR:
Jonathan Kent
IPC Holdings Ltd. could lose out on about $90 million in third quarter profit as a result of the destruction wreaked in the US and Caribbean by Hurricanes Gustav and Ike.
The predicted net impact of the two hurricanes on the insurer, mainly attribute...
DATE: Oct 09, 2008
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