49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based bond insurer Security Capital Assurance Ltd. (SCA) last night said it would stop writing new business after it announced a fourth-quarter loss of $1.2 billion.
The loss, which amounted to $18.67 per share, was put down to its exposure t...
DATE: Mar 14, 2008
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) - Bermuda-based CIFG Guaranty lost its AAA bond insurer rating at Standard & Poor's (S&P) because of losses on sub-prime-mortgage securities.
CIFG was cut four levels to A+ to reflect the company's "scaled-back underwriting activ...
DATE: Mar 14, 2008
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LONDON (Reuters) - Britons fear inflation will gather pace over the coming year, complicating life for the Bank of England as it grapples with an unenviable combination of slowing growth and rising price pressures.
A survey by the central bank showed...
DATE: Mar 14, 2008
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NEW YORK (Reuters) - US gold futures extended a record-breaking advance across the $1,000-an-ounce threshold yesterday, as investors sought protection from the sliding dollar, and an inflation hedge as oil prices hit all-time highs.
Investors see gol...
DATE: Mar 14, 2008
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NEW YORK (Bloomberg) — Crude oil fell from a record $111 a barrel in New York on signs that the rally in energy prices can't be sustained because oil and gasoline supplies are rising.
US crude-oil stockpiles gained more than analysts forecast last we...
DATE: Mar 14, 2008
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The Bank of Bermuda boosted its operating profit by 15 percent to $313 million for 2007, according to its full year consolidated results.
The bank, which is owned by HSBC, also saw its net profit rise one percent to $287 million last year, while net ...
DATE: Mar 14, 2008
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Omega Insurance Holdings Ltd.'s full-year pretax profits rose 163 percent following a robust performance in its underwriting business and maturing earnings streams as market conditions remained steady in most core areas.
The Bermuda-headquartered re/...
DATE: Mar 14, 2008
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LOS ANGELES (AP) — Nearly 60 percent more US homes faced foreclosure in February than in the same month last year, with Nevada, California and Florida showing the highest foreclosure rates, a research firm said yesterday.
A total of 223,651 homes acr...
DATE: Mar 14, 2008
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GENEVA (AP) — An airline industry group has criticised Britain's aviation regulator for deciding to raise fees for travelers using London's two biggest airports.
The International Air Transport Association, which represents more than 240 global airli...
DATE: Mar 14, 2008
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The Royal Gazette/Bermuda Stock Exchange Index (BSX) saw a decline, for the second day, of 30.86 points (0.59 percent) yesterday.
It finished the day on 5,213.95 with 15,765 shares worth $284,019.25 changing hands.
On Wednesday the Index saw a declin...
DATE: Mar 14, 2008
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