49296 results returned for search: "" category ("Other" AND "Business")
WASHINGTON (AP) — The Federal Reserve is expected to cut an important interest rate today, a move designed to help the economy get through the stresses of a painful housing slump and credit crunch.
Fed Chairman Ben Bernanke and his central bank colle...
DATE: Oct 31, 2007
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Renaissance Re has suffered a $116 million drop in profit for the third quarter, partially due to a $36 million charge to reflect anticipated third quarter loss at ChannelRe Holdings driven by unrealised mark-to-market losses.
The company's gross wri...
DATE: Oct 31, 2007
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AUTHOR:
Scott Neil
LONDON (Bloomberg) — Golden Ocean Group, the commodity shipping line led by Norwegian billionaire John Fredriksen, bought eight ship-construction contracts for $410 million.
Each of the carriers, known as kamsarmaxes, will have a carrying capacity of...
DATE: Oct 31, 2007
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There was a small nudge upwards for the Royal Gazette/Bermuda Stock Exchange as shares of Bermuda Container Line improved by 40 cents (2.7 percent) to $15 after 1,100 shares changed hands.
Also going up were shares of Belco, which improved five cents...
DATE: Oct 31, 2007
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Interest in Bermuda's Stock Exchange and the local companies listed on it has been phenomenal, according to author of the Blue Book 2007 and LOM Securities (Bermuda) investment advisor Jeremy Dyck.
The Blue Book, which is an overview of companies lis...
DATE: Oct 31, 2007
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Butterfield Bank has improved its third quarter profit by 14.4 percent to a record $39.6 million.
Customers have deposited $1.5 billion more in their accounts than during the same period a year ago, while the bank is reporting strong business perform...
DATE: Oct 31, 2007
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RAM Holdings is warning its third quarter results, due out next Monday, will be affected by a mark-to-market loss of around $28.4 million and as a result the company expects to report a net loss.
The loss is in respect of its credit derivatives portf...
DATE: Oct 31, 2007
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CATEGORY:
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AUTHOR:
Scott Neil
HONG KONG (Bloomberg) — CNinsure, an insurance agency and brokerage based in the southern Chinese city of Guangzhou, and shareholders may raise a more-than-expected $176.4 million in a US initial public offering, according to a regulatory filing.
CNi...
DATE: Oct 31, 2007
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TORONTO (Reuters) - The Toronto Stock Exchange dragged, breaking its six-session advance, as falling commodity prices prompted profit-taking in the energy and materials sectors.
Resource shares, which have shown strong gains in recent sessions, led t...
DATE: Oct 31, 2007
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NEW YORK (AP) — Wall Street pulled back as investors, uneasy about a drop in consumer confidence, traded cautiously ahead of the Federal Reserve's impending decision on interest rates.
After the Fed's half-point reduction in September, most investors...
DATE: Oct 31, 2007
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