49296 results returned for search: "" category ("Other" AND "Business")
Butterfield Bank yesterday announced a first-quarter net loss of $20.8 million, after writing down the value of a US mortgage-linked investment by $37.5 million.
Chief executive officer Alan Thompson said Butterfield had felt the impact of the recess...
DATE: May 08, 2009
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AUTHOR:
Jonathan Kent
Allied World Assurance Company Holdings Ltd. continued its strong momentum from last year into 2009, posting a profit of $131.4 million for the first quarter.
Net income broke down to $2.57 per share for the first quarter compared to $130.9 million, ...
DATE: May 08, 2009
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Bermuda, the Caymans and the Isle of Man have all been lumped in with a list of other jurisdictions which "allow companies to set up a PO Box number and claim they operate fully there".
A press statement by the US Treasury this week singled out Irela...
DATE: May 08, 2009
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Butterfield Bank endured a frantic day's trading on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The bank, which also saw its profits drop by $17 million for the first quarter of 2009 yesterday, traded 114,389 shares.
But the Index...
DATE: May 08, 2009
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Construction of the much-awaited Belvedere Place is dependent on finding suitable tenants to fill the building, The Royal Gazette can reveal.
The redevelopment of the former Bermuda Bakery site in Pitts Bay Road is on schedule, with the first phase o...
DATE: May 08, 2009
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FRANKFURT (Reuters) - The European Central Bank cut its main interest rate to a new record low yesterday, and will buy up bonds for the first time in a bid to stem the euro zone's economic decline and shore up shaky markets.
The decision is the first...
DATE: May 08, 2009
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Butterfield Bank aims to start marketing its upcoming $200 million sale of preferred stock in the week starting May 18.
Chief executive Alan Thompson said last night there had been "strong interest" expressed by potential buyers since the Government-...
DATE: May 08, 2009
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Everest Re Group Ltd. has appointed Dominic Addesso as executive vice-president and chief financial officer (CFO).
Mr. Addesso, who succeeded outgoing CFO Craig Eisenacher - himself set to retire, joined Everest from Munich Re America where he held t...
DATE: May 08, 2009
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BRUSSELS / PARIS (Reuters) - Europe may attract a few disgruntled American firms looking for lower corporate tax as the United States plans a crackdown on tax avoidance but a major wave of company relocations in either direction looks unlikely as oth...
DATE: May 08, 2009
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A stylish new restaurant has opened at one of Bermuda's most historic and famous landmarks.
The Dining Room restaurant, which was launched yesterday by owners Odilio and Natalie Angeli, who also run Ristorante Primavera and Rustico Restaurant and Piz...
DATE: May 07, 2009
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