49296 results returned for search: "" category ("Other" AND "Business")
Bermuda Container Line is contemplating purchasing a "greener" ship in a bid to combat rising fuel costs.
In its annual report the company said it was currently looking at purchasing a new ship to replace the ageing Oleander.
Spokesman Blair Simmons ...
DATE: Jun 20, 2008
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LONDON (Bloomberg) - Bank of England Governor Mervyn King won new authority to manage crises and promotions for two of his proteges in the biggest shake-up of Britain's financial policy making in a decade.
Mr. King named Spencer Dale, a career centra...
DATE: Jun 20, 2008
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NEW YORK (Reuters) - Citigroup Inc. could take substantial write-downs for sub-prime mortgages, leveraged buyout loans and other assets in the second quarter, the company's chief financial officer said on a call with investors yesterday.
In at least ...
DATE: Jun 20, 2008
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NEW YORK (Bloomberg) - Ambac Financial Group Inc. will terminate its contract with Fitch Ratings, becoming the fourth bond insurer to reject the ratings company after it sliced their rankings.
The second-largest bond insurer is reevaluating its ratin...
DATE: Jun 20, 2008
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Two new listings were made on the Bermuda Stock Exchange Index (BSX) yesterday.
The Listing Committee of the BSX announced the approval of the 25,000 ordinary shares and 25,000 Class A shares each with a nominal value of AUD$2 of Myall River Downs Pt...
DATE: Jun 20, 2008
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NEW YORK (Bloomberg) - Bill Ackman was right: the world's largest bond insurers are not worthy of a AAA credit rating and may be headed for the bottom of the scale.
Mr. Ackman, the 42-year-old hedge fund manager who says he stands to make hundreds of...
DATE: Jun 20, 2008
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MUNICH (Bloomberg) - Hannover Re, Germany's second-biggest reinsurer, completed the sale of $133 million of bonds to help protect against US catastrophes.
The one-year bonds "consist exclusively of US catastrophe business, predominantly hurricane ris...
DATE: Jun 20, 2008
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Bermuda's large pool of captive insurance companies have seen "minimal impact" from the sub-prime mortgage crisis, writes Jonathan Kent. That is the view expressed by Yvette Pierre, principal of research and risk assessment policy at the Bermuda Mone...
DATE: Jun 20, 2008
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NEW YORK (AP) - Two former Bear Stearns managers were arrested yesterday on charges linked to the collapse of a hedge fund that bet heavily on sub-prime mortgages before the market collapsed, federal authorities said.
Matthew Tannin was taken into cu...
DATE: Jun 20, 2008
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NEW YORK (Reuters) - Robert Willumstad, chief executive at American International Group Inc , said he had a "positive" first meeting with former CEO Maurice (Hank) Greenberg yesterday.
The two met in New York four days after Willumstad, AIG chairman ...
DATE: Jun 20, 2008
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