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The Royal Gazette/Bermuda Stock Exchange Index (BSX) continued to break more records as it reached an all-time high yesterday.
Having set two all-time high records last week, the Index climbed 174.58 points (3.35 percent) to close at 5,382.06.
17,415...
DATE: Jul 26, 2007
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Bermuda insurance giant Ace Ltd. says it is far better prepared for meeting claims from a hurricane season of above-normal intensity than it was before Hurricane Katrina.
Ace's chief financial officer Phil Bancroft said if the 2005 storm scenario ¿ w...
DATE: Jul 26, 2007
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AUTHOR:
Jonathan Kent
One in four of Bermuda's workforce is an overseas guest worker. That percentage increases markedly, in an unfavourable way for Bermudians, within the arena of international business where the best salaries are to be found.
Twenty-one Bermudians who c...
DATE: Jul 26, 2007
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TORONTO (Bloomberg) Canadian stocks rose the first time in four days, led by energy producers, as prices of crude oil and natural gas increased, allaying concerns that profits may drop. EnCana Corp. paced gains on better-than-expected earnings.
The S...
DATE: Jul 26, 2007
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The Global Investment Basket Ltd. announced to the Bermuda Stock Exchange that ordinary shares will be scheduled for redemption later this year.
The board received the shareholders’ proxies, with 94.61 percent of the issued shares of the company vote...
DATE: Jul 26, 2007
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Devastating losses from the floods in England and Australia during June have reduced IPC Holdings' second quarter profits by 75 percent.
The company, which is the sole owner of IPC Re, took a hefty financial hit during the second three months of the ...
DATE: Jul 26, 2007
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AUTHOR:
Scott Neil
Bank of Bermuda customer Shirley Lyn Smith was yesterday presented with a laptop computer and accompanying bag after a winning a personal internet banking competition.
Every one of the more than 1,000 Bank of Bermuda customers who signed up for perso...
DATE: Jul 26, 2007
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NEW YORK (Bloomberg) Shares of Bermuda-based Validus Holdings Ltd., the reinsurer started with the backing of former Marsh & McLennan Cos. chief executive officer Jeffrey Greenberg, climbed one percent after the company raised a less-than-expected $3...
DATE: Jul 26, 2007
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XL Capital's second-quarter profits jumped $177 million year-on-year to $544.5m, with the impact of flooding in England during June and in Australia presenting relatively low pre-tax net losses of around $30m.
There was also a $81.3m fillip from the ...
DATE: Jul 25, 2007
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AUTHOR:
Scott Neil
DALLAS (Bloomberg) — JetBlue Airways Corp. said second-quarter earnings rose 50 percent as it carried more passengers and flew its planes longer. The low-fare airline also slowed its growth for a second straight year.Capacity may rise by as little as...
DATE: Jul 25, 2007
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