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Butterfield Bank's rights to buy shares for $1.21 rose 16.66 percent (one cent) in trading on the Bermuda Stock Exchange (BSX) yesterday, after the bank's share price rose.
The bank traded 536,897 rights to close at seven cents. It also saw 7,400 sha...
DATE: Apr 27, 2010
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WASHINGTON (Bloomberg) — Tucked into Senator Christopher Dodd's 1,408-page proposal to overhaul Us financial regulations is a measure drawing cheers from overseas insurers including Swiss Reinsurance Co., Ace Ltd. and Lloyd's of London.
The provision...
DATE: Apr 26, 2010
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NEW YORK (Bloomberg) — The dollar advanced for the first time in three weeks against the yen on evidence of a global economic recovery including a surge in the US housing market before next week's Federal Reserve policy meeting.
The euro touched its ...
DATE: Apr 26, 2010
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Hefty falls for Argus Group Holdings Ltd., KeyTech Ltd. and MediaHouse Ltd. resulted in a negative week for local stocks.
The Royal Gazette / Bermuda Stock Exchange fell 36.46 points, or 2.8 percent, to close Friday on 1,300.03.
Insurer Argus suffere...
DATE: Apr 26, 2010
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NEW YORK (Reuters) - Wall Street is heading into another earnings blitz next week and the prospects of strong results from bellwethers like Caterpillar Inc and 3M Co should propel indexes to new recovery highs.
Another round of strong earnings would ...
DATE: Apr 26, 2010
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WASHINGTON (Reuters) - Greece's finance minister said yesterday aid would arrive fast enough to avert a debt default as signs grew that a 45 billion euro ($60.49 billion) rescue package would have to be increased. Finance Minister George Papaconstant...
DATE: Apr 26, 2010
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NEW YORK (AP) — Mayor Michael Bloomberg said there's nothing wrong with his money managers investing hundreds of millions of dollars in offshore centres including Bermuda, defending it as a practical way to make more money for his philanthropic found...
DATE: Apr 26, 2010
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LONDON (Reuters) - Bermuda-based drinks group Bacardi is self-arranging a $1.5 billion loan refinancing to lower its borrowing costs, two banking sources said on Friday.
Bacardi's close relationship banks have been invited into the deal with commitme...
DATE: Apr 26, 2010
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NEW YORK (Reuters) - The Wall Street Journal is offering some businesses firesale prices for full-page ads in its highly anticipated New York edition to seduce advertisers away from The New York Times.
Wall Street Journal managing editor Robert Thoms...
DATE: Apr 26, 2010
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VANCOUVER (Reuters) - A recent run-up by Canadian forestry stocks has investors in the downtrodden sector basking in a warm glow, but that could fade as quickly as it appeared if the industry returns to its self-destructive tendencies.
Higher prices ...
DATE: Apr 26, 2010
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