49296 results returned for search: "" category ("Other" AND "Business")
The fall-out from the credit crunch could have a big impact on insurers' ability to pay out on claims in the event of a hurricane striking.
That is the view of ratings agency AM Best & Co., which reckons turmoil in the credit markets could leave poli...
DATE: May 28, 2008
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Coco Reefs Resort owner John Jefferis was awarded a lifetime achievement award in the UK, while questions were raised about tax concessions given to the Paget property in the House of Assembly.
Mr. Jefferis was awarded the "Lifetime Achievement Award...
DATE: May 28, 2008
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TORONTO (Reuters) - Tumbling resource shares led the Toronto Stock Exchange's main index sharply lower yesterday, as energy and materials issues took a beating amid skidding commodity prices.
A stronger US dollar prompted a sell-off in oil and gold, ...
DATE: May 28, 2008
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A Bermuda-registered fund linked to Montreal's Triglobal Capital Management Inc. is in liquidation and investors have little hope of anything but a minimal recovery, judging from a report by a Canada-government appointed administrator.
The Bermuda-re...
DATE: May 28, 2008
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A quiet day on The Royal Gazette/Bermuda Stock Exchange Index saw only Bermuda Commercial Bank Ltd.'s share price change yesterday.
The bank's share value climbed 50 cents (five cents) to close at $10.50, with 600 shares traded.
The only other compan...
DATE: May 28, 2008
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SEOUL, South Korea (AP) — HSBC Holdings PLC remains committed to acquiring Korea Exchange Bank, the head of its South Korean unit said yesterday.
"We have extended (the acquisition deadline) until July and we are hopeful that the government will take...
DATE: May 27, 2008
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NEW YORK (AP) — The three-day weekend probably didn't bring much relaxation to investors if they stopped at a gas station on the way to the beach or a barbeque.
With the average roadside price of gasoline pushing $3.88 a gallon — and going for well o...
DATE: May 27, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index ended slightly higher in light volume yesterday as the energy sector pushed up amid gains by oil and a report that Talisman Energy could be an acquisition target.
Shares of Talisman climbed ...
DATE: May 27, 2008
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NEW YORK (Bloomberg) — Bermuda-based Nabors Industries Ltd., the world's largest onshore oil and natural-gas driller, is close to signing contracts to provide drilling rigs to national energy companies in eastern Europe, chief executive officer Eugen...
DATE: May 27, 2008
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NEW YORK (Bloomberg) — Moody's Investors Service cut the senior unsecured debt rating of American International Group Inc., the world's biggest insurer by assets, and said the company may face more losses from the US sub-prime mortgage market.
Friday...
DATE: May 27, 2008
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