49296 results returned for search: "" category ("Other" AND "Business")
Last week's US Federal Court decision to allow the Internal Revenue Service to ask for MasterCard credit card records issued by offshore banks will have little effect on Bermuda's banks, according to a local bank official.
Following the decision in a...
DATE: Aug 28, 2002
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Lines Overseas Management's Money Market Fund Ltd. has been awarded an AAAm rating by Standard & Poors.
The rating is the highest that can be awarded and the definition reads: "Safety is excellent. Superior capacity to maintain principal value and li...
DATE: Aug 27, 2002
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The Royal Gazette/Bermuda Stock Exchange Index fell 29.65 points or 1.23 percent yesterday to close at 2,385.51. A total of 16,210 shares worth $440,720 were traded.
In the banking sector, the Bank of Butterfield fell $0.75 or 2.3 percent to close at...
DATE: Aug 27, 2002
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A Canadian jewellery manufacturer may fight a $1.3 million damages claim.
D. G. Jewelry Inc. is considering seeking a stay of enforcement of a judgment against the company following the joint FBI and Royal Canadian Mounted Police (RCMP) "Bermuda Shor...
DATE: Aug 27, 2002
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XL Capital Assurance Inc. has launched a UK subsidiary - XL Capital Assurance (UK) Ltd. - with $20 million in capital.
The company, which is fully owned by XLCA, will focus on insuring asset-backed securities, project finance, and private/public part...
DATE: Aug 27, 2002
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A writ has been filed in the matter of Elcome Trust and in the matter of a declaration of trust by David G. Goodwin dated 5th June 1998 and in the matter of a declaration of trust by Susan Pianne Eadie dated 28 April 2000 and in the matter of an appl...
DATE: Aug 27, 2002
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The US government is losing $1 billion a year in tax revenue because of companies reincorporating to Bermuda, a tax analyst claimed yesterday.
Robert Willens predicted the figure would increase as companies moved offshore to avoid paying taxes.
His c...
DATE: Aug 27, 2002
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Tax planning for wealthy individuals via so-called loopholes in the tax law, have attracted significant media and congressional attention in the past few months.
Unfortunately, there is a misunderstanding of these perceived loopholes. A loophole, in ...
DATE: Aug 26, 2002
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Sometimes when we meet people, we get a good feeling about their future. When I met Akilah Wilson, I immediately got the feeling she is one of those people who has a bright future ahead of her.
Akilah, at age 23, is a determined young woman.
So deter...
DATE: Aug 26, 2002
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Bermuda-registered oil tanker operator Frontline Ltd. suffered a net loss of $31.8 million in the second quarter of 2002, largely as a result of taking a charge for foreign currency revaluations on its debt.
Frontline reported an operating profit of ...
DATE: Aug 26, 2002
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