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Butterfield Bank's common shares rose 14.28 percent (25 cents) in the final few minutes of trading on The Bermuda Stock Exchange (BSX) yesterday.
The bank traded 18,200 shares to close at $2, while it also saw 10 preference shares change hands, but t...
DATE: Mar 12, 2010
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BEIJING (Reuters) - Chinese consumer inflation spurted to a 16-month high in February and a raft of economic data displayed broad-based strength, providing fresh arguments for policy tightening sooner rather than later.
The pace of credit growth halv...
DATE: Mar 12, 2010
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NEW YORK (Bloomberg) — The Federal Reserve Bank of New York and American International Group Inc. agreed to shoulder as much as $450 million in losses tied to the insurer's Japan real estate bets as part of the sale of a division to MetLife Inc.
MetL...
DATE: Mar 12, 2010
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BC-EU--Britain-High-Speed Rail,0130
UK government announces high-speed rail plan
LONDON (AP) -- The British government says it plans to start building a high-speed rail link from London to Scotland in 2017, with an estimated cost of 30 billion pounds...
DATE: Mar 12, 2010
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LONDON (AP) — In a victory for the concept album, Britain's High Court yesterday ordered record company EMI Group Ltd. to stop selling downloads of Pink Floyd tracks individually rather than as part of the band's original records.
The prog-rock group...
DATE: Mar 12, 2010
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Government had been considering a local bond issue last year prior to coming to the aid of Butterfield Bank with a $200 million guarantee, it was revealed yesterday.
As reported in yesterday's edition of The Royal Gazette, Peter Everson, chairman of ...
DATE: Mar 12, 2010
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Bermuda still abounds with wealth despite the economic downturn, if the Forbes World Billionaires 2010 list is anything to go by.
The magazine's annual rich list of billionaires revealed that New York mayor Michael Bloomberg, 68, who owns a Tucker's ...
DATE: Mar 12, 2010
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NEW YORK (AP) - A rally in financial stocks yesterday helped the market extend its grind higher to a third day.
The Standard & Poor's 500 index cleared an important hurdle watched by traders when it closed just above its January peak to set a new 17-...
DATE: Mar 12, 2010
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LONDON - Britain's leading share index added 0.7 percent, buoyed by strength in commodity issues, supported by trade data from China, and in banks and insurers as Wall Street put in an early advance. The FTSE 100 closed at 5,640.57 points, up 38.27 o...
DATE: Mar 11, 2010
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Everest Re Group Ltd. has announced a preliminary loss estimate of $225 million for exposure to the earthquake in Chile.
The company also estimates its loss for expected claims from the European Windstorm Xynthia to be approximately $25 million.
Bo...
DATE: Mar 11, 2010
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