49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — HSBC Holdings Plc, Europe’s biggest bank by market value, cut about 20 positions in its bond group in New York a day after the firm reported a drop in trading revenue, said two people with knowledge of the firings.Pierre Goad, ...
DATE: Dec 08, 2006
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Lloyd?s of London underwriter Advent Capital Plc yesterday announced plans to form a Class 3 Bermuda reinsurer which will reinsure other reinsurers ? an area known as retrocession, where supply has been short since the record 2005 hurricane season.
A...
DATE: Dec 08, 2006
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FRANKFURT (Reuters) — The European Central Bank raised interest rates to a five-year high yesterday and said it will keep a very close eye on price risks, leaving the door open for further tightening but giving no clear indication on when.Euro zone i...
DATE: Dec 08, 2006
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LONDON (Bloomberg) — Hedge funds including Shepherd Energy Fund and Bermuda-based Electris Energy Fund Ltd. are expanding from Nordic electricity trading to deal in German power contracts as they seek to diversify portfolios and attract more investor...
DATE: Dec 08, 2006
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NEW YORK (Bloomberg) — Marsh & McLennan Cos., the world’s largest insurance broker, said annual revenue should increase an average of five percent over the next three years after stagnating since 2004.The revenue gains as well as cost-cutting measure...
DATE: Dec 08, 2006
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NEW YORK (AP) — Marsh & McLennan Companies Inc., the nation's largest brokerage, has not yet decided whether to sell or spin off — or keep — its troubled Putnam Investments unit, senior executives said yesterday.Marsh & McLennan's chief executive, Mi...
DATE: Dec 08, 2006
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LONDON (AP) — The Seminole Tribe of Florida is buying the Hard Rock business, including its massive collection of rock ‘n’ roll memorabilia, in a US$965 million (euro725 million) deal with Rank Group PLC, the tribe announced yesterday.The Hard Rock b...
DATE: Dec 08, 2006
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TORONTO (Reuters) — The Toronto Stock Exchange’s main index punched further into record territory yesterday, its sixth advance in seven days, as impressive profits at Canadian Imperial Bank of Commerce boosted the heavyweight financial sector.The S&P...
DATE: Dec 08, 2006
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Axis Capital Holdings Ltd. celebrated its fifth anniversary in business yesterday by holding a ribbon-cutting at Axis House, its new headquarters in the Waterfront on Pitts Bay Road.
Finance Minister Paula Cox cut the ribbon for the new 35,000 square...
DATE: Dec 08, 2006
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BRUSSELS (Reuters) — European ministers may demand the European Commission make fresh proposals to solve an impasse with the United States over an aviation agreement after Washington dropped a key element, EU President Finland said yesterday.The US w...
DATE: Dec 08, 2006
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