49296 results returned for search: "" category ("Other" AND "Business")
DUBLIN (Bloomberg) — Ireland's banks need to "face up to reality" and take their losses on property loans now to avoid dragging the economy into a lost decade like Japan, the country's financial regulator said.
Matthew Elderfield, who left his role a...
DATE: May 21, 2010
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Bermuda reinsurers have a powerful backer in their battle against proposed US tax changes that could be harmful to the Island's biggest industry — the European Union.
The EU has fired off letters to several US trade and finance officials, including T...
DATE: May 21, 2010
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — American International Group Inc. fell by 6.7 percent in New York trading, heading for its seventh straight drop, the longest streak of declines in 15 months.
The bailed-out insurer slipped $2.52 to $34.81 in New York Stock Exc...
DATE: May 21, 2010
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Bermuda-based Omega Insurance Holdings Ltd. saw insurance sale rise by almost a fifth during the first quarter.
In its interim statement on the first three months of this year, Omega said gross written premiums rose 18 percent to $124.5 million, comp...
DATE: May 21, 2010
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AUTHOR:
Jonathan Kent
NEW YORK (Reuters) - New York Governor David Paterson yesterday proposed lifting the sales tax on diet soda, while adding a new "sugar tax" to full-calorie drinks, in a fresh bid to boost revenue for the cash-strapped state.
The proposed tax would ge...
DATE: May 21, 2010
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Bermuda-based insurer Lancashire Holdings Ltd. yesterday announced that Standard & Poor's Rating Services has assigned an "A-" counter-party credit rating and financial strength rating on its subsidiaries Lancashire Insurance Company Limited and Lanc...
DATE: May 20, 2010
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ATHENS, Greece (AP) — Cash-strapped Greece managed to pay off its creditors yesterday — warding off bankruptcy in the nick of time — by using billions of euros from the EU-led rescue package aimed at containing the debt crisis.
Finance ministry sourc...
DATE: May 20, 2010
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Wireless telecommunications provider Digicel yesterday announced the launch of 0.facebook.com, which allows customers to access Facebook for free on their mobile phones.
Through the site, Digicel customers can stay connected through Facebook from any...
DATE: May 20, 2010
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Insurance giant Ace Ltd. is to raise dividend payments by 6.5 percent, after the move was approved by shareholders at the company's annual general meeting in Zurich, Switzerland.
The company, whose principal executive offices are in Bermuda, said the...
DATE: May 20, 2010
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Local stocks enjoyed a second positive day, as three domestic companies traded higher.
Argus Group Holdings Ltd. was the biggest climber of the day on the biggest volume. The insurer and investment company gained nearly seven percent yesterday, on a ...
DATE: May 20, 2010
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