49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK/WASHINGTON (Reuters) - US lawmakers and President George W. Bush eased pressure on financial markets yesterday by starting work to revive a $700 billion bailout plan to stem a credit crisis that has spread beyond Wall Street to claim more Eu...
DATE: Oct 01, 2008
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Bermuda's investors should maintain their confidence in the Island's banking sector despite the fallout from the US House of Representatives' decision to reject a $700 billion bailout plan for the financial industry.
That is the message from Joel Sch...
DATE: Oct 01, 2008
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WASHINGTON (AP) — Rescue: To help someone or something out of a dangerous, harmful or unpleasant situation.
Bailout: To help a person or organisation that is in difficulty, usually by giving or lending them money.
Source: Cambridge Advanced Learner's...
DATE: Oct 01, 2008
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WASHINGTON (AP) — After the US House voted down the Bush administration's $700 billion financial rescue plan Monday, Treasury Secretary Henry Paulson said he will "use all the tools available" to address the crisis.
Congress may yet approve the bailo...
DATE: Oct 01, 2008
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Arch Capital Group Ltd. expects to lose between $105 million and $180 million, net of reinsurance and reinstatement premiums, in its third quarter pre-tax earnings as a result of the impact of Hurricanes Gustav and Ike
The Bermuda-based insurer's pre...
DATE: Sep 30, 2008
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The Royal Gazette/Bermuda Stock Exchange fell 17.47 points yesterday to close at 3,970.73.
The BSX marked the 0.44 percent drop with only Butterfield Bank shares losing value.
BNTB closed at $12.50, dropping $0.10 after 10,280 shares changed hands.
I...
DATE: Sep 30, 2008
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HSBC is set to axe seven jobs in Bermuda in the wake of the recent financial crisis, a Bank of Bermuda spokesperson said yesterday.
The redundancies will be made in the bank's global banking and markets business.
HSBC Holdings revealed on Friday it w...
DATE: Sep 30, 2008
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WASHINGTON (AP) — In a vote that shook the government, Wall Street and markets around the world, the US House of Representatives yesterday defeated a $700 billion emergency rescue for the American financial system, leaving both US political parties a...
DATE: Sep 30, 2008
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Age: 28
Role: Owner and Operator of Lowe's Towing (Low Co.)
What is your job? Lowe's Towing, 24-hour Recovery Service. I am a tow truck operator and recovery specialist. I pick up disabled vehicles from breakdowns to accidents, unlocking vehicles, ju...
DATE: Sep 30, 2008
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WASHINGTON/NEW YORK (Reuters) — US lawmakers rejected a $700 billion bailout plan for the financial industry in a shock vote that sent global markets sliding as European authorities scrambled to prop up a slew of banks.
The Dow Jones industrial avera...
DATE: Sep 30, 2008
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