Business http://www.royalgazette.com Business en-us BSX holds steady Butterfield Bank was the lone company to see trading action on the Bermuda Stock Exchange today. The banks common shares closed unchanged at 1. 99 as 10,675 shares changed hands, while Butterfields 8 per cent preference shares gained one cent to close at 1,140, as 27 of them changed hands. The Royal GazetteBSX Index ended the. .. http://www.royalgazette.com/article/20150306/BUSINESS06/150309775&source=RSS Fri, 06 Mar 2015 23:20:00 GMT http://www.royalgazette.com/article/20150306/BUSINESS06/150309775&source=RSS Butterfield Bank was the lone company to see trading action on the Bermuda Stock Exchange today. The banks common shares closed unchanged at 1. 99 as 10,675 shares changed hands, while Butterfields 8 per cent preference shares gained one cent to close at 1,140, as 27 of them changed hands. The Royal GazetteBSX Index ended the. .. Rate of inflation falls <img src="/storyimage/RG/20150306/BUSINESS/150309784/AR/0/AR-150309784.jpg" width="100" align="left" /></a> The rate of inflation fell in January, dropping to 1. 4 per cent from 1. 5 per cent measured in December 2014. The Consumer Price Index CPI report released this morning said The level of inflation continued its decline as it fell 0. 1 percentage points from the 1. 5 per cent measured in December 2014. Consumers paid 1. 4 per cent. .. http://www.royalgazette.com/article/20150306/BUSINESS/150309784&source=RSS Fri, 06 Mar 2015 14:28:00 GMT http://www.royalgazette.com/article/20150306/BUSINESS/150309784&source=RSS <img src="/storyimage/RG/20150306/BUSINESS/150309784/AR/0/AR-150309784.jpg" width="100" align="left" class="main-image" /></a> The rate of inflation fell in January, dropping to 1. 4 per cent from 1. 5 per cent measured in December 2014. The Consumer Price Index CPI report released this morning said The level of inflation continued its decline as it fell 0. 1 percentage points from the 1. 5 per cent measured in December 2014. Consumers paid 1. 4 per cent. .. Caribbean financial troubles are a warning <img src="/storyimage/RG/20150306/BUSINESS/150309819/AR/0/AR-150309819.jpg" width="100" align="left" /></a> One of the rescuers of Butterfield Bank has hit trouble in the Caribbean. Canadian Imperial Bank of Commerce CIBC and two other Canadian banks have written off more than 1 billion in the region since the recession hit. And yesterday David Hills, a business consultant and a columnist for The Royal Gazette, said trouble in the. .. http://www.royalgazette.com/article/20150306/BUSINESS/150309819&source=RSS Fri, 06 Mar 2015 00:55:00 GMT http://www.royalgazette.com/article/20150306/BUSINESS/150309819&source=RSS <img src="/storyimage/RG/20150306/BUSINESS/150309819/AR/0/AR-150309819.jpg" width="100" align="left" class="main-image" /></a> One of the rescuers of Butterfield Bank has hit trouble in the Caribbean. Canadian Imperial Bank of Commerce CIBC and two other Canadian banks have written off more than 1 billion in the region since the recession hit. And yesterday David Hills, a business consultant and a columnist for The Royal Gazette, said trouble in the. .. Start-up firm aims to cut telecoms costs <img src="/storyimage/RG/20150306/BUSINESS03/150309820/AR/0/AR-150309820.jpg" width="100" align="left" /></a> A new firm aims to cut telecoms costs for businesses and individuals with an expert audit of usage. Fluent founded by telecoms professional Elizabeth Schaefer was designed to analyse telecoms patterns and come up with the best and cheapest packages for those without the time or skills to do it themselves. And she said that. .. http://www.royalgazette.com/article/20150306/BUSINESS03/150309820&source=RSS Fri, 06 Mar 2015 00:54:00 GMT http://www.royalgazette.com/article/20150306/BUSINESS03/150309820&source=RSS <img src="/storyimage/RG/20150306/BUSINESS03/150309820/AR/0/AR-150309820.jpg" width="100" align="left" class="main-image" /></a> A new firm aims to cut telecoms costs for businesses and individuals with an expert audit of usage. Fluent founded by telecoms professional Elizabeth Schaefer was designed to analyse telecoms patterns and come up with the best and cheapest packages for those without the time or skills to do it themselves. And she said that. .. Bermuda stretches ILS market lead <img src="/storyimage/RG/20150306/BUSINESS04/150309821/AR/0/AR-150309821.jpg" width="100" align="left" /></a> Bermuda is streaking ahead in the global ILS market, with the Island issuing 7. 7 billion of during 2014. By comparison Cayman Islands saw only 0. 7 billion of issuances and Ireland had 0. 4 billion. The global stock of ILS at the end of 2014 was worth 25. 2 billion, with Bermuda-issued insurance-linked securities standing at 15. 1. .. http://www.royalgazette.com/article/20150306/BUSINESS04/150309821&source=RSS Fri, 06 Mar 2015 00:53:00 GMT http://www.royalgazette.com/article/20150306/BUSINESS04/150309821&source=RSS <img src="/storyimage/RG/20150306/BUSINESS04/150309821/AR/0/AR-150309821.jpg" width="100" align="left" class="main-image" /></a> Bermuda is streaking ahead in the global ILS market, with the Island issuing 7. 7 billion of during 2014. By comparison Cayman Islands saw only 0. 7 billion of issuances and Ireland had 0. 4 billion. The global stock of ILS at the end of 2014 was worth 25. 2 billion, with Bermuda-issued insurance-linked securities standing at 15. 1. .. Sandell launches Bermuda reinsurer <img src="/storyimage/RG/20150306/BUSINESS04/150309822/AR/0/AR-150309822.jpg" width="100" align="left" /></a> A US asset management firm has opened a reinsurer in Bermuda and it could lead to a jobs boost for Bermuda. Sandell Asset Management, which has offices in New York and London, has launched Sandell Re in a bid to increase long-term investment cash. The firms founder, Tom Sandell, said We have been evaluating reinsurance. .. http://www.royalgazette.com/article/20150306/BUSINESS04/150309822&source=RSS Fri, 06 Mar 2015 00:52:00 GMT http://www.royalgazette.com/article/20150306/BUSINESS04/150309822&source=RSS <img src="/storyimage/RG/20150306/BUSINESS04/150309822/AR/0/AR-150309822.jpg" width="100" align="left" class="main-image" /></a> A US asset management firm has opened a reinsurer in Bermuda and it could lead to a jobs boost for Bermuda. Sandell Asset Management, which has offices in New York and London, has launched Sandell Re in a bid to increase long-term investment cash. The firms founder, Tom Sandell, said We have been evaluating reinsurance. .. Store is result of healthy container search <img src="/storyimage/RG/20150306/BUSINESS03/150309823/AR/0/AR-150309823.jpg" width="100" align="left" /></a> An idea for a business can spring from the unlikeliest of starting points. For proof, look no further than the Home WorX Ltd shop in St Georges and its co-owner Kim Robinson. The shop opened its doors in June and is steadily building its customer base. At the same time Mrs Robinson is successfully expanding the availability of. .. http://www.royalgazette.com/article/20150306/BUSINESS03/150309823&source=RSS Fri, 06 Mar 2015 00:52:00 GMT http://www.royalgazette.com/article/20150306/BUSINESS03/150309823&source=RSS <img src="/storyimage/RG/20150306/BUSINESS03/150309823/AR/0/AR-150309823.jpg" width="100" align="left" class="main-image" /></a> An idea for a business can spring from the unlikeliest of starting points. For proof, look no further than the Home WorX Ltd shop in St Georges and its co-owner Kim Robinson. The shop opened its doors in June and is steadily building its customer base. At the same time Mrs Robinson is successfully expanding the availability of. .. Butterfield shares fall The Bank of Butterfield fell one cent 0. 5 per cent to 1. 99 after 17,133 of its shares traded on The Royal GazetteBSX. A total of 1,000 shares in Ascendant Group, the parent of power firm Belco, also sold, leaving the firm up 10 cents 1. 8 per cent at 5. 60. And 30 shares in the Government 50 million 4. 75 per cent bond moved,. .. http://www.royalgazette.com/article/20150305/BUSINESS06/150309825&source=RSS Fri, 06 Mar 2015 00:12:00 GMT http://www.royalgazette.com/article/20150305/BUSINESS06/150309825&source=RSS The Bank of Butterfield fell one cent 0. 5 per cent to 1. 99 after 17,133 of its shares traded on The Royal GazetteBSX. A total of 1,000 shares in Ascendant Group, the parent of power firm Belco, also sold, leaving the firm up 10 cents 1. 8 per cent at 5. 60. And 30 shares in the Government 50 million 4. 75 per cent bond moved,. .. Entrepreneurs to launch hydro-bike business <img src="/storyimage/RG/20150305/BUSINESS03/150309828/AR/0/AR-150309828.jpg" width="100" align="left" /></a> Pedal-powered boats are set to make their debut in Bermuda. The hydro-bike plan is the brainchild of entrepreneurs Iesha Castle and Aaron Williams, whose Funworx Bermuda expects to have ten of the machines on the Island by next month. The duo hope to offer rentals and guided tours of the waters around Bermuda by hydro-bike . .. http://www.royalgazette.com/article/20150305/BUSINESS03/150309828&source=RSS Thu, 05 Mar 2015 19:28:00 GMT http://www.royalgazette.com/article/20150305/BUSINESS03/150309828&source=RSS <img src="/storyimage/RG/20150305/BUSINESS03/150309828/AR/0/AR-150309828.jpg" width="100" align="left" class="main-image" /></a> Pedal-powered boats are set to make their debut in Bermuda. The hydro-bike plan is the brainchild of entrepreneurs Iesha Castle and Aaron Williams, whose Funworx Bermuda expects to have ten of the machines on the Island by next month. The duo hope to offer rentals and guided tours of the waters around Bermuda by hydro-bike . .. A students experience at a law firm <img src="/storyimage/RG/20150305/BUSINESS/150309833/AR/0/AR-150309833.jpg" width="100" align="left" /></a> Myth #32 Law students suffer at the hands of intimating and pedantic lawyers who view students as an annoyance. For any student attempting to pursue a career in law, obtaining legal experience is a vital step they must take in order to be called to the Bar, but this step can also be one of the most terrifying as many students have. .. http://www.royalgazette.com/article/20150305/BUSINESS/150309833&source=RSS Thu, 05 Mar 2015 15:54:00 GMT http://www.royalgazette.com/article/20150305/BUSINESS/150309833&source=RSS <img src="/storyimage/RG/20150305/BUSINESS/150309833/AR/0/AR-150309833.jpg" width="100" align="left" class="main-image" /></a> Myth #32 Law students suffer at the hands of intimating and pedantic lawyers who view students as an annoyance. For any student attempting to pursue a career in law, obtaining legal experience is a vital step they must take in order to be called to the Bar, but this step can also be one of the most terrifying as many students have. .. Bermuda-based satellite firm makes history <img src="/storyimage/RG/20150305/BUSINESS/150309867/AR/0/AR-150309867.jpg" width="100" align="left" /></a> A Bermuda-based firm has created space history with the blast off of the first all-electric satellites. A communications satellite owned by Asia Broadcast Satellite ABS joined a twin satellite from French-based Eutelsat Communications in the launch from Cape Canaveral Air Force station on Sunday. The satellites the first fitted. .. http://www.royalgazette.com/article/20150305/BUSINESS/150309867&source=RSS Wed, 04 Mar 2015 23:01:00 GMT http://www.royalgazette.com/article/20150305/BUSINESS/150309867&source=RSS <img src="/storyimage/RG/20150305/BUSINESS/150309867/AR/0/AR-150309867.jpg" width="100" align="left" class="main-image" /></a> A Bermuda-based firm has created space history with the blast off of the first all-electric satellites. A communications satellite owned by Asia Broadcast Satellite ABS joined a twin satellite from French-based Eutelsat Communications in the launch from Cape Canaveral Air Force station on Sunday. The satellites the first fitted. .. Cash and Stapley join BCB board <img src="/storyimage/RG/20150305/BUSINESS/150309868/AR/0/AR-150309868.jpg" width="100" align="left" /></a> Veteran businessman David Cash has become a director of Bermuda Commercial Bank BCB, it was revealed yesterday. Mr Cash, the former CEO of insurance and reinsurance firm Endurance Special Holdings, is one of two new faces on the banks board of directors. Accountant Derek Stapley will join Mr Cash as a director. BCB interim. .. http://www.royalgazette.com/article/20150305/BUSINESS/150309868&source=RSS Wed, 04 Mar 2015 23:00:00 GMT http://www.royalgazette.com/article/20150305/BUSINESS/150309868&source=RSS <img src="/storyimage/RG/20150305/BUSINESS/150309868/AR/0/AR-150309868.jpg" width="100" align="left" class="main-image" /></a> Veteran businessman David Cash has become a director of Bermuda Commercial Bank BCB, it was revealed yesterday. Mr Cash, the former CEO of insurance and reinsurance firm Endurance Special Holdings, is one of two new faces on the banks board of directors. Accountant Derek Stapley will join Mr Cash as a director. BCB interim. .. Human touch is travel agents selling point <img src="/storyimage/RG/20150305/BUSINESS/150309869/AR/0/AR-150309869.jpg" width="100" align="left" /></a> In the internet age, with many people taking a do-it-yourself approach to booking their vacations or business trips, it might seem that traditional travel agents are surplus to requirements. But that is far from the case for Worldview Travel in Hamilton, which is continuing to flourish. It is doing so by delivering added value, such. .. http://www.royalgazette.com/article/20150305/BUSINESS/150309869&source=RSS Wed, 04 Mar 2015 22:57:00 GMT http://www.royalgazette.com/article/20150305/BUSINESS/150309869&source=RSS <img src="/storyimage/RG/20150305/BUSINESS/150309869/AR/0/AR-150309869.jpg" width="100" align="left" class="main-image" /></a> In the internet age, with many people taking a do-it-yourself approach to booking their vacations or business trips, it might seem that traditional travel agents are surplus to requirements. But that is far from the case for Worldview Travel in Hamilton, which is continuing to flourish. It is doing so by delivering added value, such. .. BSX edges lower A total of 38,200 shares worth 85,150 yesterday traded on The Royal GazetteBSX. The Bank of Butterfield saw 35,700 shares sold, leaving its price unchanged at 2. And Ascendant Group, the parent of power firm Belco, ended the day 10 cents down 1. 8 per cent at 5. 50 after 2,500 shares moved. The Royal GazetteBSX closed the. .. http://www.royalgazette.com/article/20150304/BUSINESS06/150309870&source=RSS Wed, 04 Mar 2015 22:01:00 GMT http://www.royalgazette.com/article/20150304/BUSINESS06/150309870&source=RSS A total of 38,200 shares worth 85,150 yesterday traded on The Royal GazetteBSX. The Bank of Butterfield saw 35,700 shares sold, leaving its price unchanged at 2. And Ascendant Group, the parent of power firm Belco, ended the day 10 cents down 1. 8 per cent at 5. 50 after 2,500 shares moved. The Royal GazetteBSX closed the. .. Ill double your system speed or no charge <img src="/storyimage/RG/20150304/BUSINESS/150309908/AR/0/AR-150309908.jpg" width="100" align="left" /></a> Bermuda firms could save hundreds of thousands of dollars by fine-tuning custom software to increase processing speed, an industry expert said yesterday. Dmitry Mnushkin, president of Treefrog Consulting, said a review and code optimisation could be used to speed up processing without the need to invest huge sums in new. .. http://www.royalgazette.com/article/20150304/BUSINESS/150309908&source=RSS Wed, 04 Mar 2015 15:12:00 GMT http://www.royalgazette.com/article/20150304/BUSINESS/150309908&source=RSS <img src="/storyimage/RG/20150304/BUSINESS/150309908/AR/0/AR-150309908.jpg" width="100" align="left" class="main-image" /></a> Bermuda firms could save hundreds of thousands of dollars by fine-tuning custom software to increase processing speed, an industry expert said yesterday. Dmitry Mnushkin, president of Treefrog Consulting, said a review and code optimisation could be used to speed up processing without the need to invest huge sums in new. ..