49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (AP) — Wall Street closed mixed yesterday after playing out a now familiar scenario: Upbeat sentiment about falling oil prices flagged amid onging concerns about weak credit markets and the economy. The major indexes also turned in a mixed p...
DATE: Aug 16, 2008
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Bermuda Container Line Ltd. saw its stock price drop nearly 14 percent yesterday.
The company, which saw 1,000 shares swap hands, finished the day at $11.25, down $1.75 from the previous day.
Butterfield Bank and Belco Holdings Ltd also saw their sha...
DATE: Aug 16, 2008
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A couple of news stories, in the past two weeks, related conceptually, caught my attention.
It was reported that the net worth of the Mayor of New York City, Michael Bloomberg (who owns a home in Tucker's Town), had doubled in a year. The increase fo...
DATE: Aug 16, 2008
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WASHINGTON (AP) — Consumer prices shot up in July at twice the expected rate, pushed higher by surging energy and food costs. The latest surge left inflation running at the fastest pace in 17 years.
The Labour Department reported yesterday that consu...
DATE: Aug 15, 2008
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Utilities proved to be the busiest sector on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday, bucking the trend for what has been a quiet week for the Index so far.
KeyTech Ltd. and Belco Holdings Ltd. saw their share prices rise by $1...
DATE: Aug 15, 2008
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TORONTO (Bloomberg) - Canadian stocks declined, led by Barrick Gold Corp. and EnCana Corp., on speculation falling metal and fuel prices will reduce profits for commodity producers.
Barrick Gold paced a drop in raw-material shares as bullion prices s...
DATE: Aug 15, 2008
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NEW YORK (Reuters) - Stabilising US economic growth, falling oil prices and a deteriorating outlook outside the US have led Goldman Sachs to abandon its 10-year bearish stance on the US dollar.
In a research note yesterday, the largest US investment ...
DATE: Aug 15, 2008
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Bermuda's creditworthiness has been given a vote of confidence by credit ratings firm Fitch.
The firm yesterday announced it had affirmed the Island's long-term issuer default rating (IDR) at AA+ and its country ceiling rating at AAA, with a stable o...
DATE: Aug 15, 2008
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AUTHOR:
Jonathan Kent
AM Best has withdrawn the issuer credit rating of "a" of Starbound Reinsurance II Ltd. (Bermuda).
The rating action is a result of Starbound terminating its one-year retrocessional reinsurance agreements with Renaissance Reinsurance Ltd. (Bermuda) a...
DATE: Aug 15, 2008
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NEW YORK (AP) - Wall Street rebounded yesterday, rising sharply as oil prices fell and investors took advantage of bargains in financial stocks after two straight days of heavy declines.
Crude backtracked as traders who sent oil soaring on Wednesday ...
DATE: Aug 15, 2008
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