49296 results returned for search: "" category ("Other" AND "Business")
WASHINGTON (AP) — The Bush administration seized control yesterday of troubled mortgage giants Fannie Mae and Freddie Mac, aiming to stabilise the housing market turmoil that is threatening financial markets and the overall economy.
President George ...
DATE: Sep 08, 2008
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The US government yesterday seized control of mortgage finance companies Fannie Mae and Freddie Mac , launching what could be its biggest federal bailout ever, in a bid to support the US housing market and ward off more global financial market turbul...
DATE: Sep 08, 2008
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Damages from Hurricane Gustav are proving to be less costly than was originally estimated.
On Friday, catastrophe risk modelling firm Risk Management Solutions (RMS) issued revised estimates for insured losses as a result of Gustav, dropping its pred...
DATE: Sep 08, 2008
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According to a new study from catastrophe risk modelling firm AIR Worldwide Corporation, the US Gulf Coast is likely to experience more landfalls of tropical storms and weak hurricanes while the Southeast is likely to see more storms of hurricane and...
DATE: Sep 08, 2008
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NEW YORK (Reuters) - The bears have been in firm control on Wall Street so far in September, and with anxiety about the health of the United States and world economies on the rise, they probably will not choose this week to go into hibernation.
Feder...
DATE: Sep 08, 2008
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LONDON (Reuters) - The tax regime for Lloyd's of London must be eased if the 320-year old insurance market is to retain its international competitiveness, its chairman Lord Levene said in a speech late last Thursday.
"The tax treatment of Lloyd's in ...
DATE: Sep 08, 2008
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The US economy continues to show weakness. According to the government employment report released last week, non-farm payrolls fell again in August, for the eighth month in a row. And the unemployment rate climbed to a five-year high. Meanwhile, anot...
DATE: Sep 08, 2008
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LONDON (Bloomberg) — The UK pound declined for a seventh week against the dollar after the Bank of England kept interest rates on hold, likely delaying a recovery in Europe's second-biggest economy.
The pound was also dropped for a fourth week versus...
DATE: Sep 08, 2008
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Local insurers fared well on The Royal Gazette / Bermuda Stock Exchange (BSX) last week, as both Argus Group Holdings Ltd. and BF&M Ltd. rose.
BF&M, after reporting that half-year profits increased by eight percent, saw its share price rise 95 cents ...
DATE: Sep 08, 2008
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TORONTO (Reuters) - Worries over dismal global growth along with sliding oil prices have sent Toronto stocks reeling in the first days of September, and analysts warn the market may have further to fall before it finds its footing.
Just three months ...
DATE: Sep 08, 2008
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