49296 results returned for search: "" category ("Other" AND "Business")
The Minister of Finance has restated that Bermuda is not a tax haven but declined to comment directly on the Bank of Bermuda's alleged facilitation of tax evasion for a South African tycoon.
Documents revealed in a South African tax case suggest the ...
DATE: Jun 10, 2008
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Shadow Finance Minister Bob Richards has slammed Government for letting inflation escalate and said he was not surprised by the big rise at all.
Meanwhile Chamber of Commerce president Phil Barnett reckons many businesses would rather incur the pain ...
DATE: Jun 10, 2008
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LONDON (Bloomberg) — Willis Group Holdings Ltd., the world's third-largest insurance broker, plans to buy Hilb Rogal & Hobbs Co. of the US for $1.7 billion to take on its two biggest rivals in their home market.
Willis valued the deal at $2.1 billion...
DATE: Jun 10, 2008
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Bermuda bond insurer Security Capital Assurance Ltd.'s XL Capital Assurance Inc. and XL Financial Assurance Ltd. units had their financial strength ratings cut three levels to BBB- by Standard & Poor's (S&P) on Friday.
The downgrade reflects S&P's as...
DATE: Jun 09, 2008
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AUTHOR:
Jonathan Kent
American International Group Inc (AIG) said on Friday that the US Securities and Exchange Commission (SEC) and Department of Justice were investigating whether it overstated the value of contracts linked to sub-prime mortgages.
"AIG has received inqu...
DATE: Jun 09, 2008
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LONDON (Bloomberg) - Man Group plc., the world's largest publicly traded hedge fund manager, agreed to buy a stake in Nephila Capital Ltd., an investor in insurance-linked securities and weather derivatives, to broaden its range of investments.
The L...
DATE: Jun 09, 2008
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Inflation soared to an 18-year high driven by rising fuel prices, according to the latest figures released by Government.
The Consumer Price Index revealed that inflation increased by 5.3 percent in April from the same period last year, the first tim...
DATE: Jun 09, 2008
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Ace Ltd is hardly the setting that would inspire a top sitcom but one chef is hoping that is exactly what will happen after signing a production deal with a top US company.
Ian Friedman, who used to work at Cafe Cairo, and Scott Krol were both attend...
DATE: Jun 09, 2008
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A Bermudian woman contacted me this week to ask some questions. She and her husband, and their kids, are contemplating moving to Britain. She didn't say why, but her questions were mostly economic, so it's probably fair to assume that money played it...
DATE: Jun 07, 2008
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Q: Can my shares of Comcast Corp. continue to do well? — F.C., via the Internet
A: Cable is an industry that tends to hold up well in a difficult economy because consumers cutting back in other areas can't bear to disconnect or reduce their service.
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DATE: Jun 07, 2008
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