49296 results returned for search: "" category ("Other" AND "Business")
TORONTO (Bloomberg) — Canadian stocks tumbled the most in almost eight years, led by a record drop in raw-material shares, as tighter credit, rising unemployment and lower home prices threatened to tip the U.S. into a recession.
Potash Corp. of Saska...
DATE: Oct 03, 2008
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AIG's Bermuda operations may be safe for the moment from hungry competitors eager to buy up the troubled insurer's assets as it struggles with the terms of its $85 billion loan from the US Federal Reserve, one industry analyst believes.
And, a new st...
DATE: Oct 03, 2008
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NEW YORK (Bloomberg) — Investors should buy American International Group Inc.'s shorter-term notes, yet remain "cautious" on the insurer's longer-term debt because of the expense of a government loan deal, JPMorgan Chase & Co. said.
AIG, the insurer ...
DATE: Oct 03, 2008
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Butterfield Bank shares fell to a new 52-week low yesterday, dropping $0.25 to close at $12 after 135,868 shares were traded. The bank's two percent stock drop helped the Royal Gazette/Bermuda Stock Exchange to a -37.74 point dip on the day.
The BSX ...
DATE: Oct 03, 2008
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NEW YORK (Reuters) - Oil dropped four percent yesterday as financial market turmoil stoked demand concerns and sent investors to seek safer havens.
US crude traded down $3.85 to $94.68 in morning trading after touching a low of $94.02 earlier. London...
DATE: Oct 03, 2008
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Plan for your financial future and diversify your investment portfolio while being on the look-out to take advantage of the current economic crisis.
That is what concerned investors were told by North Atlantic Asset Management's vice-president Patric...
DATE: Oct 03, 2008
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NEW YORK (Bloomberg) — The US Securities and Exchange Commission will extend a prohibition on short-sales of financial stocks, keeping restrictions on bets against companies' shares in place while Congress works on a $700 billion bailout plan.
The re...
DATE: Oct 03, 2008
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FRANKFURT (Reuters) - The European Central Bank kept interest rates unchanged yesterday but discussed a cut as financial market turmoil and slowing economic growth has caused inflation risks to ease, ECB president Jean-Claude Trichet said.
"With the ...
DATE: Oct 03, 2008
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Bermuda reinsurer Montpelier Re Holdings Ltd. has estimated that its losses from Hurricanes Gustav and Ike will run to around $130 million.
In a statement released after the close of the markets yesterday, Montpelier said its estimate was based on a ...
DATE: Oct 03, 2008
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Bermuda-based Syncora Holdings Ltd. has hired JP Morgan as an adviser during the bond insurer's negotiations with counterparties.
In August this year, Syncora, formerly known as Security Capital Assurance, entered into an agreement with 17 bank count...
DATE: Oct 03, 2008
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