49296 results returned for search: "" category ("Other" AND "Business")
TORONTO (Reuters) - The Toronto Stock Exchange's main index dove yesterday, as fears of the possibility of a recession in the US prompted a slump in resources and financials, leading to a third straight day of hefty losses.
The S&P/TSX composite inde...
DATE: Jan 18, 2008
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HONG KONG (Bloomberg) — HSBC Holdings Plc, Europe's biggest bank, may slow dividend growth as losses from its US home-loan operations and other pressures threaten its balance sheet, Goldman Sachs Group Inc. said.
"We believe it would be prudent for H...
DATE: Jan 18, 2008
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Jeremy Cox has been promoted to the new post of deputy chief executive officer of the Bermuda Monetary Authority (BMA), in what appears to be a move to groom the Bermudian to take over the top job at the financial regulator.The current BMA CEO, Matth...
DATE: Jan 18, 2008
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NEW YORK (AP) - Wall Street extended its 2008 plunge yesterday, tumbling after a regional Federal Reserve report showed a sharp decline in manufacturing activity and as investors feared that downgrades of key bond insurers could trigger further troub...
DATE: Jan 18, 2008
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DETROIT (AP) — Whether it be safety systems, fuel economy, engines or quality, most automakers world-wide have raised their games, and differences between brands sold in the US are generally small.
So it comes down to design — the way cars look insid...
DATE: Jan 17, 2008
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beijing (Bloomberg) — SAIC Motor Corp., China's largest carmaker, said net income probably tripled in 2007 after the company expanded.
Net profit in 2006 was 1.4 billion yuan ($197 billion), or 0.218 yuan a share, the company said in a statement to t...
DATE: Jan 17, 2008
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MUNICH (Bloomberg) — Betting against a pandemic paid off for Michael Stahel, who earned returns on so-called "death bonds" that were three times higher than those generated by corporate debt securities last year.
"The kind of event needed to trigger ...
DATE: Jan 17, 2008
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Now is the time to cash in on gold jewellery, according to some of Bermuda's top high street jewellers.
With the value of the dollar weakening and the price of gold rising, there has never been a better time to invest in gold rings, chains, bracelets...
DATE: Jan 17, 2008
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NEW YORK (Reuters) - JPMorgan Chase & Co said yesterday quarterly profit fell a worse-than-expected 24 percent as the No. 3 US bank lost $1.3 billion on risky mortgages and set aside more money for rising losses on home-equity loans.
Investors, howev...
DATE: Jan 17, 2008
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Oliver Rendell Arton, a major figure in Bermuda's banking world, has died aged 91.
Mr. Arton joined Butterfield Bank in 1934, working his way up the ranks, occupying just about every job from teller to his most recent position, of senior internationa...
DATE: Jan 17, 2008
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