49296 results returned for search: "" category ("Other" AND "Business")
ST. LOUIS (Bloomberg) - Federal Reserve Chairman Ben Bernanke said government bailouts of large financial firms are "unconscionable" and must be ended as part of a regulatory overhaul following the worst financial crisis since the 1930s.
"It is uncon...
DATE: Mar 22, 2010
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Bermuda-based re/insurer Allied World Assurance Company Holdings Ltd. said it expects losses from last month's earthquake in Chile to range between $55 million and $75 million.
The company also gave an initial net loss estimate of $2 million relating...
DATE: Mar 22, 2010
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Bermuda has concluded negotiations of a tax information exchange agreement (TIEA) with the Republic of South Africa that will be signed later this year.
Finance Minister Paula Cox announced the news in the House of Assembly on Friday and said the ag...
DATE: Mar 22, 2010
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AUTHOR:
Jonathan Kent
Insurance proved to be the busiest sector on The Bermuda Stock Exchange (BSX) last week.
BF&M Ltd. rose 6.8 percent (95 cents) to $14.95, with 218 shares traded, while Argus Group Holdings Ltd. fell 8.3 percent (70 cents) to $7.75, as 1,000 shares ch...
DATE: Mar 22, 2010
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A top diplomat in the Obama Administration has spoken out in support of US-based businesses domiciled in overseas jurisdictions - an endorsement that "tremendously assists Bermuda's interests" in the current economic climate according to Finance Mini...
DATE: Mar 22, 2010
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LONDON (AP) - British Airways cabin crews walked off the job for a second day Sunday but the airline insisted the strike was having less impact than expected and said it was able to restore flights that had previously been cancelled.
The airline - lo...
DATE: Mar 22, 2010
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ATLANTA (Bloomberg) - Former Federal Reserve Chairman Alan Greenspan said the central bank and other US regulators "failed" during the financial crisis because they became too complacent about risks.
"Even with the breakdown of private risk-managemen...
DATE: Mar 22, 2010
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Ernst & Young LLP, the Big Four auditor that failed to keep Lehman Brothers from misleading investors about its financial condition, still can't get its facts straight.
Last week, after Lehman's bankruptcy examiner accused E&Y of malpractice in a rep...
DATE: Mar 20, 2010
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TORONTO (Reuters) - Toronto's main stock index ended lower for a second straight session yesterday, dropping below the 12,000 mark as weak commodity prices hit heavily weighted petroleum and metal producers.
Natural gas major EnCana Corp declined 2.3...
DATE: Mar 20, 2010
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Q. I own shares of FedEx Corp. and wonder what the implications are for them as the economy improves.—C.P., via the Internet
A. In the bigger picture, the world's largest express delivery firm has been basking in compliments.
President Barack Obama p...
DATE: Mar 20, 2010
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