49296 results returned for search: "" category ("Other" AND "Business")
Bermuda's banks are holding their variable mortgage rates steady despite the fact that the US central bank has lowered its rates three times since September.
The US Federal Reserve has cut its federal funds rate from 5.25 percent to 4.25 percent over...
DATE: Jan 10, 2008
|
CATEGORY:
Other
|
Butterfield Bank dropped 15 cents (0.15 percent) off its share price to close down at $17.95 on the Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The Bank traded 36,574 shares throughout the day.
The Index, as a whole, finished down 23....
DATE: Jan 10, 2008
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — Ace Ltd. chief executive officer Evan Greenberg said investor lawsuits against companies whose shares dropped because of subprime mortgage-linked losses will be "meaningful" for insurers of corporate boards.
Greenberg made the ...
DATE: Jan 10, 2008
|
CATEGORY:
Other
|
Starr Managing Agents Ltd. (SMAL), part of C.V. Starr & Co, Inc. yesterday announced a partnership with First Reserve Corporation, the largest private equity firm specialising in the energy industry, to form Lloyd's Syndicate 2243.
The new syndicate ...
DATE: Jan 10, 2008
|
CATEGORY:
Other
|
Financial pressures on XL Capital Ltd. related to its involvement in Security Capital Assurance Ltd. (SCA) have had negative rating outlook implications for XL sidecar Stoneheath Re.
Rating agency A.M.Best revised the rating outlook to negative from ...
DATE: Jan 10, 2008
|
CATEGORY:
Other
|
XL Insurance has established an office in Singapore to act as its management and underwriting hub for the Asian region.
The company, which is the global insurance operation of XL Capital Ltd., yesterday said the new base would enable XL Insurance to ...
DATE: Jan 10, 2008
|
CATEGORY:
Other
|
NEW YORK (Reuters) - Former American International group chief executive Maurice (Hank) Greenberg said yesterday that a group he represents does not intend to solicit proxies from AIG shareholders, buy more AIG shares, or start a tender offer for the...
DATE: Jan 10, 2008
|
CATEGORY:
Other
|
Universal Electric Ltd. looks set to go from strength to strength in 2008, having won the specialty contractor award at the Construction Association of Bermuda last year.
The electrical sales, service and engineering firm, which is based just off Ser...
DATE: Jan 10, 2008
|
CATEGORY:
Other
|
There is a wave of announcements about high definition television and video hardware and software components at this year's Consumer Electronics Show (CES), emphasising Bill Gates's forecast that the segment will expand even further.
Microsoft's co-f...
DATE: Jan 09, 2008
|
CATEGORY:
Other
|
The Bank of Bermuda has appointed Ashley Parker as head of Banking Services.
Mr. Parker relocated to Bermuda in mid 2007 and took up the role in October. The position was previously held by Michael Collins, who has been promoted to chief operating of...
DATE: Jan 09, 2008
|
CATEGORY:
Other
|
