49296 results returned for search: "" category ("Other" AND "Business")
LONDON (Reuters) - The Bank of England stepped up its campaign to boost the struggling British economy, raising the size of its asset purchase programme on Thursday in a surprise move tantamount to printing an extra £50 billion ($76 billion) to get b...
DATE: May 08, 2009
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NEW YORK (AP) — The government told investors yesterday what they've known since the crisis began: Some banks are healthier than others.
The Federal Reserve said Bank of America Corp. needs $33.9 billion in capital; Wells Fargo & Co. needs $13.7 bill...
DATE: May 08, 2009
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Banks need to show they are willing to open up and extend credit to consumers and corporations before the financial markets and economy starts to fully recover.
That is the view of Craig Rimer, president of Cidel Financial Group and director of Argus...
DATE: May 08, 2009
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NEW YORK (Bloomberg) — Assured Guaranty Ltd., the bond insurer backed by billionaire Wilbur Ross, posted its second net profit in seven quarters as it increased its market share and benefited from a new accounting standard.
First-quarter net income ...
DATE: May 08, 2009
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NEW YORK (AP) — Battered insurer American International Group Inc. said yesterday its first-quarter loss narrowed, and was sharply lower than the record-setting loss it posted a quarter ago.
The New York-based insurance giant said it lost $4.35 billi...
DATE: May 08, 2009
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LONDON (Bloomberg) - Old Mutual plc., the biggest insurer in Africa, rose to the highest in seven months in London trading after saying it had no defaults in the US in the first quarter and its capital position improved.
CEO Julian Roberts said the "...
DATE: May 08, 2009
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VADUZ, Liechtenstein (AP) — Liechtenstein said yesterday it is "somewhat astonished" that German Finance Minister Peer Steinbrueck has renewed tax evasion allegations against the Alpine principality despite its offer of complete cooperation.
A govern...
DATE: May 08, 2009
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Confidence is slowly but steadily returning to the financial markets as investors seek to take advantage of the opportunities on offer.
That is according to Robert Almeida, investment officer and fixed income institutional portfolio manager at MFS In...
DATE: May 08, 2009
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The impact of US President Barack Obama's plans to clamp down on businesses that move jobs overseas and tax dodgers hiding their money in offshore accounts will be felt further down the line, but the full effect will take some time yet to measure.
Th...
DATE: May 08, 2009
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Decision day for shareholders on the planned merger of Max Capital and IPC Holdings will be June 12.
The two Bermuda re/insurers announced yesterday that they would hold simultaneous special meetings, starting at 11 a.m., at which their shareholders ...
DATE: May 08, 2009
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