49296 results returned for search: "" category ("Other" AND "Business")
WASHINGTON (Bloomberg) - Finance chiefs from the US and Europe said the eight-month credit squeeze is still festering and urged banks to take steps to relieve it.
"The chain of bad news may not have come to an end," Italian Finance Minister Tommaso P...
DATE: Apr 14, 2008
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NEW YORK (Reuters) - The US dollar's steady decline may at least slow in the near term on the back of the Group of Seven's strongest statement of concern on currency fluctuations in seven years, analysts said. The G7's statement from a meeting in Was...
DATE: Apr 14, 2008
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NEW YORK (Bloomberg) - Sub-prime mortgages have proved to be a bigger catastrophe for captains of the insurance industry than any natural disaster.
American International Group Inc. (AIG) cut the 2007 cash bonus for CEO Martin Sullivan by 42 percent ...
DATE: Apr 14, 2008
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Scottish Re's primary operating insurance subsidiaries has seen its financial strength rating (FSR) downgraded to B- (rair) from B (rair) and the issuer credit ratings (ICR) to "bb-" from "bb" by AM Best Co.
Best also has downgraded the ICR to "ccc+"...
DATE: Apr 14, 2008
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Bermuda-based re/insurer RenaissanceRe Holdings Ltd. is set to acquire the assets of Agro National, a managing general underwriter of crop insurance which offers products and services to the agricultural community.
The terms of the deal were not disc...
DATE: Apr 14, 2008
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The US economy faces more uncertain times ahead with talk of a recession and the fall-out from the sub-prime mortgage crisis.
That is the view of HSBC Securities (USA) Inc.'s managing director and chief economist, Ian Morris, who gave a presentation ...
DATE: Apr 14, 2008
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For years I've been telling my kids they better take care of me in my old age. "Mommy, can we go to McDonald's?" one of them might ask.
"Do you promise to take care of me in my old age?" I respond.
Whenever I say this, my oldest gives me what I have ...
DATE: Apr 12, 2008
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Condominiums are a popular choice. Bermuda is a small community with finite resources. Open space is premium priced; those fortunate enough to still have it, hope to be able to preserve it.
Housing is expensive — the cost of a single family detached ...
DATE: Apr 12, 2008
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Share values were up across the board on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
Belco Holdings Ltd. saw its share price rise 50 cents (2.3 percent) to close at $22, with 445 shares traded.
Bermuda Aviation Services Ltd. also ...
DATE: Apr 12, 2008
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Q. What is the outlook for my shares of Caterpillar Inc.? — P.V., via the Internet
A. The world's largest manufacturer of earthmoving equipment must plough through weakness in US construction and the decline in demand for engines that it puts in truc...
DATE: Apr 12, 2008
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