49296 results returned for search: "" category ("Other" AND "Business")
Bermuda's business leaders have given a mixed reaction to Senator Barack Obama's threats to shut down tax havens if he is elected as president of the US.
Some believe it is a case of the new successor to the White House deciding whether to maintain t...
DATE: Mar 11, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index tumbled more than 275 points to its lowest level in about a month on yesterday as renewed credit worries weighed on investors.
The S&P/TSX composite index fell 276.63 points, or 2.08 percent...
DATE: Mar 11, 2008
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Bermuda bond insurer Security Capital Assurance Ltd. yesterday announced the Company will release its 2007 fourth quarter and full-year results after the close of regular stock market hours this Thursday.
The company announced last week that it expe...
DATE: Mar 11, 2008
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Asset management company WP Stewart suffered a net loss of $21 million for the fourth quarter of 2007 and a total of more than $30 million net loss for last year.
The Bermuda-based firm put the losses mainly down to a decline in assets under manageme...
DATE: Mar 11, 2008
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XL Insurance, the global insurance operation of XL Capital Ltd. yesterday named John Glancy to the newly created position of chief underwriting officer. He will report to David Duclos, chief executive officer designate, XL Insurance.
Mr. Glancy heade...
DATE: Mar 11, 2008
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LONDON (AP) — Carlyle Capital Corp. Ltd is in talks with creditors to prevent the liquidation of some $16 billion in securities, the listed mortgage-bond fund said yesterday.
Carlyle Capital shook financial markets last week after missing margin call...
DATE: Mar 11, 2008
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Warren Buffett's Berkshire Hathaway Inc will sell its 16.3-percent stake in White Mountains Insurance Group Ltd. in a transaction valued at $836 million, seven years after investing in the Bermuda-based insurer, White Mountains said yesterday.
Berksh...
DATE: Mar 11, 2008
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NEW YORK (AP) — Gasoline prices were poised yesterday to set a new record at the pump, having surged to within half a cent of their record high of $3.227 a gallon. Oil prices, meanwhile, surged above $108 to a new inflation-adjusted record and their ...
DATE: Mar 11, 2008
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It was "business as usual" yesterday at HWP, despite a fire that occured last Friday afternoon at its St. John's Road location.
Tony Martin, acting chief executive officer and senior vice-president of automotive sales, said: "We experienced a fire in...
DATE: Mar 11, 2008
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Companies on both side of the Atlantic are threatening to move to Bermuda unless legislation is changed to correct what they perceive to be unfair tax advantages for Bermuda-based insurers and reinsurers.
Both the long established British insurance c...
DATE: Mar 11, 2008
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