Business Business en-us An emergency fund is vital, so dont skip it Dear Dave,My husband and I are in our 50s, and we have just 12,000 to pay off before were debt-free. Weve paid off almost 70,000 in debt in the last two years. We would like to buy a house soon, but we know we also need an emergency fund. It would take us almost a year to build up an emergency fund, so should we make adjustments to. .. Sat, 27 May 2017 08:00:00 EST New restaurant opens with Michelin-star chef A Michelin-star chef has launched a new restaurant at Hamiltons Rosedon Hotel. Lucy Collins, a former contestant on TVs chefs competition ltigtChoppedltigt on the Food Network channel in the US, is in charge of Huckleberry the fine dining arm of Take Five, the company behind the Buzz chain, Devils Isle and the Village. .. Fri, 26 May 2017 08:00:00 EST Goslings unveils 10,000 Americas Cup rum Drinks firm Goslings yesterday launched a 10,000 limited-edition rum specially created to mark the Americas Cup. The Auld Trophy rum made from the companys oldest barrels dating back nearly 50 years includes a handmade crystal and silver decanter in the shape of the famous trophy known as the Auld Mug. The launch took place. .. Fri, 26 May 2017 08:00:00 EST Scottish Re to wind up after long struggle Almost ten years after mounting losses pushed Bermudian-headquartered Scottish Re Group Ltd into run-off, the life reinsurance specialist has started a voluntary, provisional winding-up process. The action comes after the companys management raised doubt that it would be able to continue as a going concern in 2018. Now, what. .. Fri, 26 May 2017 08:00:00 EST Quiet day on BSX Shares of Bank of Butterfield dropped two cents, or 0. 06 per cent, to 33. 13 on the New York Stock Exchange. The Royal GazetteBSX Index was unchanged at 1,989. 43 after a day of no trading. The BSX Insurance Index closed down 6. 43 points, or 0. 34 per cent, at 1,894. 88. Fri, 26 May 2017 17:48:00 EST Bermuda Perfumery launches new scent The Bermuda Perfumery yesterday launched a new perfume. Sunkiss was unveiled on a cruise for top clients and VIPs. Isabelle Ramsay-Brackstone of the Bermuda Perfumery said The fragrance notes in Sunkiss are Bermuda loquat, orange blossom and vanilla cream. She added The subtle and delicately sweet perfume evokes the. .. Fri, 26 May 2017 08:00:00 EST Jeweller Kays mall woes deepen as sales plunge at Signet NEW YORK Bloomberg Bermudian-based Signet Jewelers Ltds plan to shift away from beleaguered US shopping malls cant come soon enough. The retailer posted a nearly 12 per cent plunge in same-store sales last quarter, a sign that sluggish mall traffic is weighing on the companys jewellery chains. Analysts had predicted a less severe. .. Fri, 26 May 2017 08:00:00 EST Digicel's upgraded network goes live Digicel Bermuda's island-wide LTE service goes live today, bringing faster upload and download speeds to mobile devices, greater consistency and better quality voice calls. The data download and upload speeds are expected to be up to ten times faster than those previously available. Smartphone users should notice the improvements when. .. Thu, 25 May 2017 08:00:00 EST From pop-up stall to the Americas Cup Bermudian entrepreneur Ashley Stephens is set to add some island flavour to the Americas Cup. For Ms Stephens, the founder of Ashleys Lemonade, has joined the elite group of island vendors of food and drink in the Americas Cup Village. Ms Stephens founded the company with a pop-up stall on St Johns Road in Pembroke while still a. .. Thu, 25 May 2017 13:03:00 EST Islands tranquillity lures luxury buyers Political uncertainty in many parts of the world is stimulating interest in Bermudas luxury real estate market. That is the view of Karin Sinclair, of Bermudian real estate firm Sinclair Realty Bermuda, who says the islands beauty, tranquillity and civility are appealing to wealthy home hunters. Donald Trumps victory in last. .. Thu, 25 May 2017 08:00:00 EST One shares fall 18 Three stocks tumbled on The Royal GazetteBSX Index. One Communications Ltd saw its shares close down 45 cents, or 18 per cent, at 2. 05 after 20,700 traded. Devonshire Industries fell 25 cents, or 4. 3 per cent, to 5. 50 after 4,000 shares changed hands. While BFampM Ltd was down 40 cents, or 1. 9 per cent, after 3,000 shares. .. Thu, 25 May 2017 18:55:00 EST CRS guidance and trusts notable mentions Hot on the heels of Bermudas Common Reporting Standard Regulations, Bermuda has issued its CRS Guidance and a list of reportable jurisdictions. Bermuda Reporting Financial Institutions must report to the Bermuda Monetary Authority by August 31, 2017. The BMA will in turn automatically exchange information with reportable jurisdictions. .. Thu, 25 May 2017 08:00:00 EST Nine new jobs as Gorhams opens on Sundays Hardware and home goods store Gorhams is to open on Sundays and create nine new jobs to cover the extra hours. Andrew Mackay, general manager of Gorhams, said customers had requested for years that it open both days of the weekend. He added We wanted them to know that we listened and their feedback was heard. As with. .. Wed, 24 May 2017 00:01:00 EST