49296 results returned for search: "" category ("Other" AND "Business")
Employers and employees will pay more in the Contributory Pension Fund beginning next week.
The Department of Social Insurance yesterday advised all employers that the weekly contributory rates will rise from $50.68 to $53.60 from Monday, August 7.
E...
DATE: Aug 01, 2006
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Saying Bermuda has "lost the race" for hedge funds business, Bermuda-based technology company Ignition is establishing an office in the Cayman Islands to service the burgeoning sector.
Ignition aims to provide businesses in Cayman with technology-bas...
DATE: Aug 01, 2006
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WASHINGTON (Bloomberg) ? Bermuda-registered Bunge Ltd., the world's biggest oilseed processor, and Southwest Iowa Renewable Energy LLC have agreed to build and operate a 110-million gallon per-year ethanol plant near Council Bluffs, Iowa.
Under the a...
DATE: Aug 01, 2006
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LONDON (Bloomberg) ? Nordic American Tanker Shipping Ltd., which operates ten tankers to transport oil, bought two second-hand million-barrel crude carriers for $165.1 million, the company said yesterday.
Nordic American expects the acquisitions to b...
DATE: Aug 01, 2006
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The Royal Gazette/Bermuda Stock Exchange Index continued its record-breaking streak yesterday when it reached another all-time high.
Driven by Index mainstay Butterfield Bank, the Index rose 48.05 points or 1.02 percent to close at 4,742.58 in modera...
DATE: Aug 01, 2006
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NEW YORK (Bloomberg) ? American International Group Inc. sued C.V. Starr & Co., saying the insurance agency run by former AIG Chief Executive Officer Maurice (Hank) Greenberg is infringing a trademark.
C.V. Starr?s American International Marine Agenc...
DATE: Aug 01, 2006
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LONDON (Reuters) ? Europe?s biggest bank, HSBC Holdings, beat analysts? median forecast with an 18 percent rise in first-half profit yesterday, spearheaded by strong growth at its investment bank and in emerging markets.
The London-headquartered bank...
DATE: Aug 01, 2006
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LONDON (Bloomberg) ? Excess capacity in the global fleet of liquefied natural gas carriers will be at its highest this decade in 2008, as a growing worldwide fleet results in lower utilisation rates, according to Wood Mackenzie Consultants Ltd.
Deman...
DATE: Aug 01, 2006
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MUNICH (Bloomberg) ? Hannover Re, the world?s fourth-biggest reinsurer, sold $150 million of so-called catastrophe bonds to help limit losses on claims that may arise from severe windstorms in Western Europe.
Hannover Re sold the bond to institutiona...
DATE: Aug 01, 2006
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Shares of Scottish Re Group Ltd. plummeted as much as 82 percent yesterday after the global life reinsurance specialist projected a second quarter loss of $130 million and said Scott Willkomm had resigned as chief executive officer.
The Bermuda-based...
DATE: Aug 01, 2006
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