Archive for the ‘Financial Services’ Category

Infrastructure spend gives boost to captives (Qatar)

The Qatar financial Centre (QFC) Authority said the local captive insurance market is expected to grow rapidly during the next few years, spurred by the expectation of over US$140 billion on infrastructure spending in the country through to 2015. Another factor driving the market is improvement in corporate risk management standards which favour increased risk [...]

Seek out a woman-owned business

Perhaps you’ve been looking for a boss of the wrong gender. If you’re unemployed, focusing on a woman-owned business might yield results. Florida ranks 4th among 50 states in its number of women-owned businesses — the same ranking it occupied in 1997, according to an American Express analysis, based on December 2010 Census data, released [...]

Fresh Del Monte Produce Posts 3Q 2010 Financial Results

Fresh Del Monte Produce Inc. reported financial results for the third quarter ended October 1. In a release on November 2, the Company reported earnings per diluted share of $0.24 in the third quarter of 2010, compared with earnings per diluted share of $0.45 in the third quarter of 2009. Excluding asset impairment and other [...]

Expeditors International Releases 3rd Quarter 2010 Financial Results

Expeditors International of Washington, Inc. announced quarterly net earnings attributable to shareholders of $96,105,000 for the third quarter of 2010, as compared with $57,752,000 for the same quarter of 2009, an increase of 66 percent. In a release on Nov. 2, the company said that net revenues for the third quarter of 2010 increased 32 [...]

TURKISH TREASURY RELEASES FINANCING PROGRAM

The Turkish Treasury Undersecretariat released its financing program on 2010 developments and 2011 projections last week. As in 2010, the financing program for 2011 has been prepared by taking into account the targets and assumptions in the Medium Term Programme (MTP), it said. The program said, “total amount of debt service is projected as 152.8 [...]

Face International Monetary Fund (IMF) with resolve

It is a positive sign that the International Monetary Fund (IMF) has invited Pakistan to discuss its future plans with the Fund. It seems Pakistan has been avoiding facing the Fund because it does not have the strategy to contain freefall of GDP growth rate in the aftermath of floods. However, the situation is not [...]

Ranking of Azerbaijani insurers’ activity for January-August

Summary of 27 Insurance companies operating in Azerbaijan in January-August 2010: Name of insurance companies Premiums for January-May in million manats Payments for January-May In million manats Authorized capital of Insurers Kinds of insurance A-Qroup Sigorta 5.19 3.82 2.56 3 14 AIG Kaspian Insurance company 1.34 0.04 3.5 1 7 Alfa Sigorta 1.58 0.13 3.1 [...]

American Financial Group Declares Dividend Increase

American financial Group announced that its Board of Directors has approved an increase in the Company’s annual dividend from $0.55 to $0.65 per share of common stock. In a release dated Aug. 19, the Company said the increased dividend, when declared, will be paid on a quarterly basis of $0.1625 per share of common stock [...]