49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — The dollar posted its biggest advance ever against the euro on a surge in demand for US currency funding amid a worldwide credit crunch.
Demand for the greenback surged last week as financial firms in Germany, the UK, Belgium a...
DATE: Oct 06, 2008
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The Royal Gazette / Bermuda Stock Exchange (BSX) index tumbled 3.5 percent during last week's trading, as turnover topped $3.3 million.
Three companies saw their share prices suffer substantial falls in a turbulent week for stock markets all over the...
DATE: Oct 06, 2008
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Bermuda-based Argo Group International Holdings, Ltd. has consolidated its professional liability insurance underwriting operating units into a new stand-alone professional lines business called Argo Pro.
The new business, which will comprise the ope...
DATE: Oct 06, 2008
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NEW YORK (Reuters) - Wachovia Corp said yesterday that it will pursue a deal to sell itself to banking rival Wells Fargo & Co. despite an attempt by Citigroup Inc to block the deal.
Citigroup, the largest US bank, is also courting hobbled Wachovia an...
DATE: Oct 06, 2008
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The US financial bailout plan will benefit Bermuda's insurance industry, according to John Kephart, president and CEO of Capital G Bank.
The plan, which was passed by the US House of Representatives by 263 to 171 on Friday in its revised form after h...
DATE: Oct 06, 2008
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TORONTO (Reuters) - "Nowhere to run to, baby, nowhere to hide," Martha and Vandellas sang in their 1965 Motown megahit. It's a tune that Bay Street investors can probably relate to, faced with a market that seems to be sliding across the board.
Almos...
DATE: Oct 06, 2008
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Bermuda-based reinsurer Everest Re Group Ltd. announced that its preliminary loss estimates, net of reinstatement premiums and taxes, for Hurricanes Gustav and Ike are expected to range between $200 million and $220 million.
The company's current es...
DATE: Oct 06, 2008
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TOKYO (Reuters) - American International Group Inc, plans to sell its three Japanese life insurance businesses, an AIG spokesman said on Saturday, in a sale Japanese media estimated could top $9.5 billion.
AIG, once the world's largest insurer, said ...
DATE: Oct 06, 2008
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Relief on Wall Street over the hard-won passage of a $700 billion bailout package for the financial system apparently hasn't yet trickled down to the pubs, storefronts, car lots and malls of Main Street.
Many Americans spent an uneasy weekend wonderi...
DATE: Oct 06, 2008
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BRUSSELS (Reuters) - BNP Paribas agreed with the governments of Belgium and Luxembourg yesterday to take control of the key remaining assets of troubled financial group Fortis, Belgian media reported.
RTBF radio and De Tijd newspaper's website said t...
DATE: Oct 06, 2008
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