Business http://www.royalgazette.com Business en-us Its unwise to give beyond your means Dear Dave,My wife and I are debt-free except for our home, and were on Baby Steps 4 and 5. Recently, we were asked to make a large donation to a charity we already support. We dont have the full cash amount they asked for on hand, and after hearing that, they said we could make monthly instalment payments until the donation amount was. .. http://www.royalgazette.com/personal-finance/article/20170422/its-unwise-to-give-beyond-your-means&source=RSS Sat, 22 Apr 2017 08:00:00 EST http://www.royalgazette.com/personal-finance/article/20170422/its-unwise-to-give-beyond-your-means&source=RSS Cargo boom sparking dock delays The upcoming Americas Cup has sparked a boom at Bermudas docks but turnaround times have slowed as containers and other goods pile up on the wharf. Warren Jones, chief executive officer of Stevedoring Services parent company Polaris Holding, said This is unusual based on recent years, definitely. Its related to the. .. http://www.royalgazette.com/business/article/20170421/cargo-boom-sparking-dock-delays&source=RSS Fri, 21 Apr 2017 08:00:00 EST http://www.royalgazette.com/business/article/20170421/cargo-boom-sparking-dock-delays&source=RSS Retail sales fall 2.7 Retail sales dropped 2. 7 per cent to 80 million for February compared to the same month last year. After adjustment for inflation, which stood at 2. 1 per cent in February, the volume of retail sales fell by 4. 6 per cent. Four of the seven sectors checked in the Retail Sales Index showed decreases in sales revenue, with the motor. .. http://www.royalgazette.com/economy/article/20170421/retail-sales-fall-27&source=RSS Fri, 21 Apr 2017 13:43:00 EST http://www.royalgazette.com/economy/article/20170421/retail-sales-fall-27&source=RSS Bermuda Motors staff down tools Workers at a major island car dealership yesterday downed tools in a dispute over pay. Staff in the service area and paint shop at Hamiltons Bermuda Motors stopped work around 1pm after management refused to reinstate a 2 per cent backdated pay rise, according to a source. The source said that a pay rise of 2 per cent for both 2015. .. http://www.royalgazette.com/local-business/article/20170421/bermuda-motors-staff-down-tools&source=RSS Fri, 21 Apr 2017 08:00:00 EST http://www.royalgazette.com/local-business/article/20170421/bermuda-motors-staff-down-tools&source=RSS All steady on BSX The Royal GazetteBSX Index today closed unchanged at 1,930. 02. Two issues traded, with no movement in either. Bank of Butterfield saw 192 shares change hands with its price remaining at 31. On the New York Stock Exchange, the bank dropped 49 cents, or 1. 52 per cent, to 31. 96. Telecoms firm One Communications stayed at. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20170421/all-steady-on-bsx&source=RSS Fri, 21 Apr 2017 20:41:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20170421/all-steady-on-bsx&source=RSS AIG said to be mulling Duperreault for CEO NEW YORK Bloomberg American International Group is weighing a plan to hire Bermudian Brian Duperreault as the companys seventh chief executive officer since 2005, according to people familiar with the boards deliberations. Other candidates are still being considered as the board seeks a replacement for outgoing CEO Peter Hancock,. .. http://www.royalgazette.com/re-insurance/article/20170421/aig-said-to-be-mulling-duperreault-for-ceo&source=RSS Fri, 21 Apr 2017 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20170421/aig-said-to-be-mulling-duperreault-for-ceo&source=RSS Conference to focus on cybersecurity Lawyer Duncan Card is to speak on the risk of cyberattacks at a major conference in Bermuda next week. Mr Card, managing principal at Bennett Jones, will be part of a panel at the annual conference of the Association of Trade and Forfaiting in the Americas. He said Every month that goes by, the news reports of cybersecurity. .. http://www.royalgazette.com/business/article/20170421/conference-to-focus-on-cybersecurity&source=RSS Fri, 21 Apr 2017 08:00:00 EST http://www.royalgazette.com/business/article/20170421/conference-to-focus-on-cybersecurity&source=RSS Rego Sothebys moves back to Front Street Real estate firm Rego Sothebys International has moved house back to Front Street where the company first set up shop nearly 70 years ago. The firm has moved from its offices on Cavendish Road on the outskirts of Hamilton to the Dickinson Building. Buddy Rego, president of RSIR, said Our new offices are in a prime location and. .. http://www.royalgazette.com/local-business/article/20170421/rego-sothebys-moves-back-to-front-street&source=RSS Fri, 21 Apr 2017 08:00:00 EST http://www.royalgazette.com/local-business/article/20170421/rego-sothebys-moves-back-to-front-street&source=RSS ClearWater providing AC35 hydration stations Water company ClearWater is capitalising on the America Cup. For the firm will provide hydration stations at the event, which is to be a plastic bottle-free zone. Kevin Lanthier, general manager of the company, said This event is promoting a plastic bottle ban, which makes the need for our hydration stations pivotal to the. .. http://www.royalgazette.com/local-business/article/20170421/clearwater-providing-ac35-hydration-stations&source=RSS Fri, 21 Apr 2017 08:00:00 EST http://www.royalgazette.com/local-business/article/20170421/clearwater-providing-ac35-hydration-stations&source=RSS Island firms display green credentials Island companies yesterday displayed their green credentials in advance of Earth Day tomorrow. Secure document destruction firm Guardian said it had sent more than 3. 2 million pounds of paper for recycling since it opened up shop in 2005. The firm said that, working with a recycling partner to turn old documents into toilet paper,. .. http://www.royalgazette.com/business/article/20170421/island-firms-display-green-credentials&source=RSS Fri, 21 Apr 2017 08:00:00 EST http://www.royalgazette.com/business/article/20170421/island-firms-display-green-credentials&source=RSS Airbnbs opportunity for the little man The expected growth in the vacation rental property market in Bermuda could bring many more spin-off benefits, even for those who are not renting out accommodation. Examples were described at an information session, one of four this week, presented by the Bermuda Tourism Authority and Airbnb. Meanwhile, the BTA is looking to invite. .. http://www.royalgazette.com/local-business/article/20170420/airbnbs-opportunity-for-the-little-man&source=RSS Thu, 20 Apr 2017 08:00:00 EST http://www.royalgazette.com/local-business/article/20170420/airbnbs-opportunity-for-the-little-man&source=RSS Hotel investment summit coming to Bermuda There is a touch of serendipity about the decision to host a regional hotel investment conference in Bermuda this year. It is expected 300 delegates will attend the two-day Caribbean Hotel Investment Conference and Operations Summit in November. Parris Jordan, chairman of Chicos, acknowledged the fortunate timing of holding the. .. http://www.royalgazette.com/business/article/20170420/hotel-investment-summit-coming-to-bermuda&source=RSS Thu, 20 Apr 2017 16:48:00 EST http://www.royalgazette.com/business/article/20170420/hotel-investment-summit-coming-to-bermuda&source=RSS Plaque marks where it all started for Ace The start of the Ace story in Bermuda has been marked with a special plaque at the Hamilton Princess. The founding chairman of the firm John Cox wrote the companys first insurance policy in room 348 at the hotel in 1985. Ace, now Chubb, has since grown to be the largest publicly traded property and casualty insurance company in the. .. http://www.royalgazette.com/re-insurance/article/20170420/plaque-marks-where-it-all-started-for-ace&source=RSS Thu, 20 Apr 2017 11:21:00 EST http://www.royalgazette.com/re-insurance/article/20170420/plaque-marks-where-it-all-started-for-ace&source=RSS OM to offer cold-pressed slushies at show Cold-pressed juice slushies that are believed to be a first for the island, will be served at the Agricultural Exhibition this week. OM Juicery will be providing a range of live, healthy and organic food at the three-day event in the Botanical Gardens, which starts today. Preston James, who runs the Hamilton-based business, is. .. http://www.royalgazette.com/local-business/article/20170420/om-to-offer-cold-pressed-slushies-at-show&source=RSS Thu, 20 Apr 2017 08:00:00 EST http://www.royalgazette.com/local-business/article/20170420/om-to-offer-cold-pressed-slushies-at-show&source=RSS One a quad-play telecoms group ltbgtThe Bermuda Stock Exchange has this year launched its Own Your Share of Bermuda campaign to raise awareness of opportunities to invest in the islands public companies. The Royal Gazette is supporting the effort by publishing weekly features on each of the 13 domestic companies listed on the BSX. http://www.royalgazette.com/bermuda-stock-exchange/article/20170420/one-quad-play-telecoms-group&source=RSS Thu, 20 Apr 2017 08:00:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20170420/one-quad-play-telecoms-group&source=RSS Ascendant shares up 6.5 Utilities firm Ascendant rose 49 cents to 7. 99 on The Royal GazetteBSX Index. The move, equal to 6. 5 per cent, came after 342 shares traded. On the New York Stock Exchange, the Bank of Butterfield went up 59 cents, or 1. 86 per cent, to 32. 25. The Royal GazetteBSX Index closed up 4. 73 points, or 0. 25 per cent, at. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20170420/ascendant-shares-up-65&source=RSS Thu, 20 Apr 2017 18:41:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20170420/ascendant-shares-up-65&source=RSS Axis help youngsters access show Axis Capital will ensure children across the island can attend the Agricultural Exhibition this week. The company is sponsoring all children on the island to attend the show on Friday as part of the Axis Kids Free on Friday initiative, which is part of a three-year partnership between Axis and the organisers of the Agricultural. .. http://www.royalgazette.com/business/article/20170420/axis-help-youngsters-access-show&source=RSS Thu, 20 Apr 2017 08:00:00 EST http://www.royalgazette.com/business/article/20170420/axis-help-youngsters-access-show&source=RSS Forum to look at blockchain potential A forum on the potential of blockchain in the reinsurance industry is to be held tomorrow. Claus Walter, of insurance firm Zurich and a member of the blockchain insurance industry initiative B3i, will lead a presentation on distributed ledger technology in the reinsurance marketplace. Mr Walter will appear alongside Ujjval Patel,. .. http://www.royalgazette.com/re-insurance/article/20170420/forum-to-look-at-blockchain-potential&source=RSS Thu, 20 Apr 2017 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20170420/forum-to-look-at-blockchain-potential&source=RSS How employers costs have soared Non-wage employment costs are about one fifth higher than they were when the number of jobs on the island peaked in 2008. Soaring health insurance and payroll tax contributions are the main reason for the increase, while social insurance and pension contributions add to employers mandatory burden. After the payroll tax increase. .. http://www.royalgazette.com/business/article/20170419/how-employers-costs-have-soared&source=RSS Wed, 19 Apr 2017 08:00:00 EST http://www.royalgazette.com/business/article/20170419/how-employers-costs-have-soared&source=RSS Fletcher and Kading scoop BII awards The former chairman of Ace Bermuda is to be honoured with a lifetime achievement award by the Bermuda Insurance Institute. Rees Fletcher, who retired from the firm, now Chubb, last year, spent more than 30 years in the industry and was the first Bermudian to be appointed president of Ace Bermuda in 2004. And Bradley Kading,. .. http://www.royalgazette.com/re-insurance/article/20170419/fletcher-and-kading-scoop-bii-awards&source=RSS Wed, 19 Apr 2017 18:01:00 EST http://www.royalgazette.com/re-insurance/article/20170419/fletcher-and-kading-scoop-bii-awards&source=RSS Entrepreneur launches speaking brand Entrepreneur and entertainer Gianluca Gibbons has launched a speaking brand called Mr Life Stylist, and has notched up an appearance at a business event in Mexico. The Bermudian made his debut Spanish speaking engagement at the GKIC Mexico Sales Strategy Seminar in Tijuana, Mexico. He shared tips on digital and experiential marketing. .. http://www.royalgazette.com/business/article/20170419/entrepreneur-launches-speaking-brand&source=RSS Wed, 19 Apr 2017 08:00:00 EST http://www.royalgazette.com/business/article/20170419/entrepreneur-launches-speaking-brand&source=RSS Butterfield shares fall 0.8 The Bank of Butterfield dropped 25 cents to 31 in Bermuda Stock Exchange trading today. The 0. 8 per cent fall came as 4,600 shares traded. On the New York Stock Exchange, the banks shares were up 37 cents, or 1. 18 per cent, at 31. 66. The Royal GazetteBSX Index closed down 11. 24 points or 0. 58 per cent at 1925. 29. The. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20170419/butterfield-shares-fall-08&source=RSS Wed, 19 Apr 2017 18:29:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20170419/butterfield-shares-fall-08&source=RSS