49296 results returned for search: "" category ("Other" AND "Business")
In the past 18 months, just about every investment bubble in the world has burst. Property has collapsed, equities have plummeted, commodities have crashed, and even fine art isn't fetching the same fancy prices.
But one bubble refuses to burst: bank...
DATE: Aug 08, 2009
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Butterfield Bank traded 5,000 common shares on The Bermuda Stock Exchange (BSX) yesterday.
The bank's share price remained unchanged at $5.
Elsewhere, KeyTech Ltd. saw 1,5007 shares change hands.
Overall, the Index stayed the same at 2,279.25, with 6...
DATE: Aug 08, 2009
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BF&M Ltd. dropped 20 cents (1.3 percent) on The Bermuda Stock Exchange (BSX) yesterday.
The insurer traded 4,500 shares to close the day at $15.25.
Also in the insurance sector, Argus Group Holdings Ltd. saw 6,000 shares change hands, but its share p...
DATE: Aug 07, 2009
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LONDON (Reuters) - The Bank of England took a far bigger step than expected to boost Britain's recession-hit economy yesterday, stunning markets by expanding its quantitative easing plan to £175 billion from £125 billion.
The central bank said Britai...
DATE: Aug 07, 2009
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LONDON (AP) — ITV PLC, Britain's biggest commerical broadcaster, posted a £70 million loss in the first half of the yearafter a decline in advertising revenue continued to erode profits. The loss in the six months to the end of June did narrow from t...
DATE: Aug 07, 2009
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The Bank of Bermuda's profits dropped by 32 percent compared to last year as the global recession and record low interest rates took their toll in the first half of 2009.
The bank recorded consolidated net profits of $110 million for the six months e...
DATE: Aug 07, 2009
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NEW YORK (Bloomberg) — Berkshire Hathaway Inc., with a stock portfolio valued at more than $60 billion, may report its best quarter in at least two years using the metric preferred by the firm's billionaire chairman, Warren Buffett.
About $11 billion...
DATE: Aug 07, 2009
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Allied World Assurance Company Holdings Ltd. boosted its profits by 44 percent and its book value by a double-digit percentage during the second quarter of 2009.
The company saw its net income rise to $113.7 million, or $2.22 per share, for the secon...
DATE: Aug 07, 2009
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Bermuda-based workers' compensation insurer CRM Holdings Ltd. posted a second-quarter net loss from continuing operations of $2.1 million, the company announced yesterday.
Revenue plunged by more than $20 million as the company's primary insurance su...
DATE: Aug 07, 2009
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AUTHOR:
Jonathan Kent
Net income: $113.7 million compared to $79.2 million in 2008
Combined ratio: 83.1 percent compared to 93.2 percent in 2008
Gross premiums written: $492.8 million compared to $446.8 million in 2008
DATE: Aug 07, 2009
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