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On a day of falling markets worldwide, the Royal Gazette/Bermuda Stock Exchange Index (BSX) was unable to buck the trend dropping 1.32 points (0.03 percent) to close at 4,830.71 yesterday.
A total of 70,458 shares worth $596,120 were traded throughou...
DATE: Jan 23, 2008
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LONDON (Reuters) - Millions of British men buy their underpants from Marks and Spencer — and one of them is not happy.
Jeremy Paxman, feared presenter of the BBC's Newsnight programme, has got his knickers in a twist over what he sees as falling stan...
DATE: Jan 22, 2008
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BF&M Ltd. were the big gainers on the Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The insurance company boosted its share price by $2.20 (11.7 percent) to close at $20.95, with 200 shares traded.
But, LOM (Holdings) Ltd. and Butterfie...
DATE: Jan 22, 2008
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LONDON (Bloomberg) — Chancellor of the Exchequer Alistair Darling gave shareholders of Northern Rock Plc two weeks to back a British government plan to rescue the bank or face having the value of their investments wiped out by nationalisation.
Darlin...
DATE: Jan 22, 2008
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Steady progress is being made on the installation of a new undersea Internet and telecommunications cable between Bermuda and the US to provide a more competitive marketplace and more customer choice.
That is according to Sheila Lines, CEO of KeyTech...
DATE: Jan 22, 2008
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LONDON (Reuters) - European insurers' share prices dropped yesterday on fears over their bond exposure following news that a unit of bond insurer Ambac Financial Group Inc lost a crucial "AAA" rating.
The DJ Stoxx insurance index was down 5.9 percent...
DATE: Jan 22, 2008
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Stocks tumbled from Hong Kong to Brazil, and US futures posted their steepest drop since 2001, on mounting speculation the world economy is slowing and company defaults will rise.
The MSCI World Index slumped the most since 2002, while Europe's Dow J...
DATE: Jan 22, 2008
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LONDON (AP) - Stocks fell sharply worldwide yesterday following declines on Wall Street last week amid investor pessimism over the US government's stimulus plan to prevent a recession.
US markets were closed for Martin Luther King Jr. Day, but the do...
DATE: Jan 22, 2008
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LONDON (AP) — Northern Rock will issue government-guaranteed bonds to repay the tens of billions in emergency loans from the Bank of England, Britain's Treasury said yesterday in a statement to the London Stock Exchange.
The move significantly reduce...
DATE: Jan 22, 2008
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LONDON (Reuters) - British insurance company Heritage Underwriting Agency said yesterday it had received other approaches since Bermuda-based Ironshore Inc said on January 18 it was no longer interested in making an offer.
Lloyd's of London insurer H...
DATE: Jan 22, 2008
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