49296 results returned for search: "" category ("Other" AND "Business")
Billions of dollars were wiped of the market values of Bermuda insurers yesterday, amid uncertainty over the pending vote by Congressmen on the rehashed US Government bailout plan.
Worst hit was Everest Re, as its share price plunged more than 11 per...
DATE: Oct 03, 2008
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NEW YORK (Bloomberg) — American International Group Inc. head Edward Liddy, who promised investors a smaller, nimbler company after selling units to repay an $85 billion US loan, has shareholders wondering if there will be anything left to run.
Liddy...
DATE: Oct 03, 2008
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NEW YORK (AP) — Pessimism about a protracted economic downturn washed over the financial markets yesterday, sending stocks plunging and further tightening the credit markets. Reports on declining factory orders and a seven-year high in jobless claims...
DATE: Oct 03, 2008
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NEW YORK (Bloomberg) — Former Federal Reserve chairman Alan Greenspan said financial markets and the economy will recover as investors regain confidence.
"Trust will eventually reemerge as investors dip hesitantly back into the marketplace," Greenspa...
DATE: Oct 03, 2008
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LONDON (Bloomberg) — The cost of borrowing in dollars overnight in London dropped for a second day after the US Senate approved a $700 billion financial-rescue plan to ease the credit crisis.
The London interbank offered rate, or Libor, that banks ch...
DATE: Oct 03, 2008
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Do you know where to find the best sushi in Manhattan or late night caviar in Los Angeles? What's the best way to fly from Boston to Kuala Lumpur in maximum comfort? How does one really get their hands on a Birkin bag? No?
Well chances are Glenn Bean...
DATE: Oct 03, 2008
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Bermuda-based Primus Guaranty Ltd., which manages $24.2 billion in credit-default swaps, had its Aaa counterparty rating stripped by Moody's Investors Service because of potential losses on contracts linked to failing financial firms.
Primus Financia...
DATE: Oct 03, 2008
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NEW YORK (Bloomberg) — American International Group Inc., the insurer forced to peddle businesses to repay an $85 billion government loan, is seeking to sell its US life insurance and annuities units, people familiar with the situation said.
The larg...
DATE: Oct 03, 2008
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Bermuda Motors Ltd. has become the first official distributor of Pirelli tyres on the Island.
The official launch of the product was marked with a cocktail reception held at the Fairmont Hamilton Princess with 150 guests in attendance last night.
Mea...
DATE: Oct 03, 2008
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Bermuda-based Assured Guaranty Corp., the triple-A rated financial guaranty subsidiary of Assured Guaranty Ltd., is set to help fund a new highway in Texas after it guaranteed $130 million of convertible capital appreciation bonds for the North Texas...
DATE: Oct 02, 2008
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