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Bermuda-based insurance giant XL Capital's share price yesterday lost more than half its value as US blue-chip stocks hit their lowest level in five years.
After an analyst raised concerns about XL's investment portfolio, the company's share price no...
DATE: Oct 10, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Shares of troubled Bermuda insurance giant XL Capital shot up 38 percent in early trading today after the company revealed third-quarter investment losses could top $1 billion.
In a statement issued this morning, the company estimated that its book v...
DATE: Oct 10, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Dear Annie: I go to college far from home, so the little time I spend with my family is very precious to me.
However, each time I come back there seems to be a larger and larger space between my parents, who have been married nearly 30 years. When I'...
DATE: Oct 10, 2008
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Just as it was billed, the Bermuda Music Festival proved to be an extravaganza of a most extraordinary kind. It was indeed pure platinum.
Beyoncé, Alicia Keyes (pictured right), the Whispers, UB40, Dick Gregory, Steve Harvey! Just imagine, coming tog...
DATE: Oct 10, 2008
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THE Corporation of Hamilton has this week defended itself against claims of illegal dealings and a disregard for the environment.
Former Corporation councillor and prominent eco-activist Graeme Outerbridge alleges that a Belco transformer currently s...
DATE: Oct 10, 2008
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Upstart jurisdictions hoping to draw international business away from Bermuda can expect a tough fight, industry groups said this week.
The British Crown dependency of Guernsey is the latest to set its sights on Bermuda's reinsurance market and will ...
DATE: Oct 10, 2008
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STOCKHOLM, Sweden (AP) – France's Jean-Marie Gustave Le Clezio won the 2008 Nobel Prize in literature yesterday for works characterised by "poetic adventure and sensual ecstasy" and focused on the environment, especially the desert.
Le Clezio, 68, is...
DATE: Oct 10, 2008
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Haven't we seen this movie before? Central bank runs easy monetary policy.
Easy money inflates asset bubble.
Central bank tightens monetary policy.
Asset bubble bursts.
Central bank runs easy monetary policy to offset effects of burst bubble.
Easy mo...
DATE: Oct 10, 2008
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PLANS to honour Bermuda's first recognised 'national hero', Dame Lois Browne Evans, with a statue have been put on hold thanks to the current economic downturn.
According to Culture Minister Dale Butler, a bust of Dame Lois ¿ who will be formally fêt...
DATE: Oct 10, 2008
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After more than three years of waiting and hoping, housing lottery winner Tanya Dyer got the news she'd been dreaming of last night.
An affordable house with a harbour view in Southside will be ready for the single mom and her four sons this time nex...
DATE: Oct 10, 2008
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CATEGORY:
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