Business http://www.royalgazette.com Business en-us Going back to school? Dave says save, save, save! <img src="/storyimage/RG/20141025/BUSINESS/141029757/AR/0/AR-141029757.jpg" width="100" align="left" /></a> Dear Dave My husband will be leaving his full-time job in a year so that he can go back to school full-time and finish his degree. Weve both agreed this is what we want to do, but it means that well go from a yearly income of 90,000 to 45,000. Well have tuition assistance from my job and his veterans stipend to help pay for. .. http://www.royalgazette.com/article/20141025/BUSINESS/141029757&source=RSS Fri, 24 Oct 2014 23:41:00 GMT http://www.royalgazette.com/article/20141025/BUSINESS/141029757&source=RSS <img src="/storyimage/RG/20141025/BUSINESS/141029757/AR/0/AR-141029757.jpg" width="100" align="left" class="main-image" /></a> Dear Dave My husband will be leaving his full-time job in a year so that he can go back to school full-time and finish his degree. Weve both agreed this is what we want to do, but it means that well go from a yearly income of 90,000 to 45,000. Well have tuition assistance from my job and his veterans stipend to help pay for. .. Bonds understanding them, and why you need to know how they work <img src="/storyimage/RG/20141025/BUSINESS/141029758/AR/0/AR-141029758.jpg" width="100" align="left" /></a> The mechanics of a bond security are not easily understood. A bond is a securitised loan. Securitisation is a process that enables the bond dresses it up to be bought and sold easily in an open electronic securities exchange, similar to the manner in which public company stocks are traded. The bond securitisation structure is a sharp. .. http://www.royalgazette.com/article/20141025/BUSINESS/141029758&source=RSS Fri, 24 Oct 2014 23:40:00 GMT http://www.royalgazette.com/article/20141025/BUSINESS/141029758&source=RSS <img src="/storyimage/RG/20141025/BUSINESS/141029758/AR/0/AR-141029758.jpg" width="100" align="left" class="main-image" /></a> The mechanics of a bond security are not easily understood. A bond is a securitised loan. Securitisation is a process that enables the bond dresses it up to be bought and sold easily in an open electronic securities exchange, similar to the manner in which public company stocks are traded. The bond securitisation structure is a sharp. .. BSX down on BFM decline The Royal GazetteBermuda Stock Exchange closed down 2. 66 yesterday to end at 1,376. 74. Some 4,900 shares changed hands at a value of 49,124. 00. Multiple sectors saw activity. BFampM Ltd declined 0. 45 to close at 18. 05 after 1,800 shares traded. Ascendant Group Limited rose to 6. 00, an increase of 0. 05. Some 2,500 shares changed. .. http://www.royalgazette.com/article/20141025/BUSINESS06/141029759&source=RSS Fri, 24 Oct 2014 23:04:00 GMT http://www.royalgazette.com/article/20141025/BUSINESS06/141029759&source=RSS The Royal GazetteBermuda Stock Exchange closed down 2. 66 yesterday to end at 1,376. 74. Some 4,900 shares changed hands at a value of 49,124. 00. Multiple sectors saw activity. BFampM Ltd declined 0. 45 to close at 18. 05 after 1,800 shares traded. Ascendant Group Limited rose to 6. 00, an increase of 0. 05. Some 2,500 shares changed. .. Retail sales motor vehicle sector up 12.2 <img src="/storyimage/RG/20141024/BUSINESS/141029761/AR/0/AR-141029761.jpg" width="100" align="left" /></a> Retail sales recorded their first increase in three months with August figures showing a 0. 3 per cent improvement over the same month last year, according to the Retail Sales Index, which is compiled by the Department of Statistics. But after adjusting for the annual retail sales rate of inflation, measured at 1. 8 percent in August, the. .. http://www.royalgazette.com/article/20141024/BUSINESS/141029761&source=RSS Fri, 24 Oct 2014 22:44:00 GMT http://www.royalgazette.com/article/20141024/BUSINESS/141029761&source=RSS <img src="/storyimage/RG/20141024/BUSINESS/141029761/AR/0/AR-141029761.jpg" width="100" align="left" class="main-image" /></a> Retail sales recorded their first increase in three months with August figures showing a 0. 3 per cent improvement over the same month last year, according to the Retail Sales Index, which is compiled by the Department of Statistics. But after adjusting for the annual retail sales rate of inflation, measured at 1. 8 percent in August, the. .. Bermudas current account shows contraction <img src="/storyimage/RG/20141024/BUSINESS/141029760/AR/0/AR-141029760.jpg" width="100" align="left" /></a> Bermudas current account fell by 108 million in the second quarter of the year compared to the same period in 2013, the latest Government figures have revealed. The current account stood at 215 million in the quarter which finished at the end of June, while the deficit on the goods account widened by 8 million to 259. .. http://www.royalgazette.com/article/20141024/BUSINESS/141029760&source=RSS Fri, 24 Oct 2014 22:34:00 GMT http://www.royalgazette.com/article/20141024/BUSINESS/141029760&source=RSS <img src="/storyimage/RG/20141024/BUSINESS/141029760/AR/0/AR-141029760.jpg" width="100" align="left" class="main-image" /></a> Bermudas current account fell by 108 million in the second quarter of the year compared to the same period in 2013, the latest Government figures have revealed. The current account stood at 215 million in the quarter which finished at the end of June, while the deficit on the goods account widened by 8 million to 259. .. Bermuda-based deal-maker sees profits soar <img src="/storyimage/RG/20141024/BUSINESS02/141029791/AR/0/AR-141029791.jpg" width="100" align="left" /></a> NEW YORK Bloomberg Bermuda-domiciled Lazard Ltd, the largest independent merger-advisory firm, posted third-quarter profit that beat analysts estimates as financial-advisory revenue increased. Net income rose 47 percent to 88. 9 million, or 67 cents a share, from 60. 3 million, or 45 cents, a year earlier, the firm said yesterday in. .. http://www.royalgazette.com/article/20141024/BUSINESS02/141029791&source=RSS Fri, 24 Oct 2014 01:18:00 GMT http://www.royalgazette.com/article/20141024/BUSINESS02/141029791&source=RSS <img src="/storyimage/RG/20141024/BUSINESS02/141029791/AR/0/AR-141029791.jpg" width="100" align="left" class="main-image" /></a> NEW YORK Bloomberg Bermuda-domiciled Lazard Ltd, the largest independent merger-advisory firm, posted third-quarter profit that beat analysts estimates as financial-advisory revenue increased. Net income rose 47 percent to 88. 9 million, or 67 cents a share, from 60. 3 million, or 45 cents, a year earlier, the firm said yesterday in. .. Mailboxes Unlimited launches new service to ease shipping of multiple packages <img src="/storyimage/RG/20141024/BUSINESS03/141029792/AR/0/AR-141029792.jpg" width="100" align="left" /></a> Courier service firm Mailboxes Unlimited has launched a new service aimed at making it cheaper and more efficient to import multiple packages. Weekly Express will operate alongside the Mailboxes US Express package forwarding service. Stephen Thomson, president of Mailboxes US Express, who opened Mailboxes Unlimited in 1990 it was. .. http://www.royalgazette.com/article/20141024/BUSINESS03/141029792&source=RSS Fri, 24 Oct 2014 01:17:00 GMT http://www.royalgazette.com/article/20141024/BUSINESS03/141029792&source=RSS <img src="/storyimage/RG/20141024/BUSINESS03/141029792/AR/0/AR-141029792.jpg" width="100" align="left" class="main-image" /></a> Courier service firm Mailboxes Unlimited has launched a new service aimed at making it cheaper and more efficient to import multiple packages. Weekly Express will operate alongside the Mailboxes US Express package forwarding service. Stephen Thomson, president of Mailboxes US Express, who opened Mailboxes Unlimited in 1990 it was. .. Argus, BFM to to treat storms as one event <img src="/storyimage/RG/20141024/BUSINESS03/141029793/AR/0/AR-141029793.jpg" width="100" align="left" /></a> Two insurance companies are to ditch separate deductibles after the Island was hit by a tropical storm and a hurricane in quick succession. BFM, the largest property insurer on the Island, and Argus both said only one deductible would apply to Tropical Storm Fay, which hit on Sunday, October 12, and Hurricane Gonzalo, which struck the. .. http://www.royalgazette.com/article/20141024/BUSINESS03/141029793&source=RSS Fri, 24 Oct 2014 01:01:00 GMT http://www.royalgazette.com/article/20141024/BUSINESS03/141029793&source=RSS <img src="/storyimage/RG/20141024/BUSINESS03/141029793/AR/0/AR-141029793.jpg" width="100" align="left" class="main-image" /></a> Two insurance companies are to ditch separate deductibles after the Island was hit by a tropical storm and a hurricane in quick succession. BFM, the largest property insurer on the Island, and Argus both said only one deductible would apply to Tropical Storm Fay, which hit on Sunday, October 12, and Hurricane Gonzalo, which struck the. .. Report Bermuda the top island for real estate investment <img src="/storyimage/RG/20141024/BUSINESS/141029794/AR/0/AR-141029794.jpg" width="100" align="left" /></a> Bermuda has topped a world list of 20 islands for investment in real estate. And the Island has the highest concentration of property owhership by the super-rich those with more than 30 million outside the US. And housebuyers are prepared to pay a premium for a piece of the rock the survey said that the price of a typical four. .. http://www.royalgazette.com/article/20141024/BUSINESS/141029794&source=RSS Fri, 24 Oct 2014 01:00:00 GMT http://www.royalgazette.com/article/20141024/BUSINESS/141029794&source=RSS <img src="/storyimage/RG/20141024/BUSINESS/141029794/AR/0/AR-141029794.jpg" width="100" align="left" class="main-image" /></a> Bermuda has topped a world list of 20 islands for investment in real estate. And the Island has the highest concentration of property owhership by the super-rich those with more than 30 million outside the US. And housebuyers are prepared to pay a premium for a piece of the rock the survey said that the price of a typical four. .. Butterfield sole trader on BSX <img src="/storyimage/RG/20141024/BUSINESS/141029805/AR/0/AR-141029805.jpg" width="100" align="left" /></a> The Royal GazetteBermuda Stock Exchange recorded a quiet day of trading with The Bank of NT Butterfield the sole trader. Some 16,011 shares traded at an unchanged 1. 99. The index closed at a steady 1,379. 41 http://www.royalgazette.com/article/20141024/BUSINESS/141029805&source=RSS Thu, 23 Oct 2014 20:28:00 GMT http://www.royalgazette.com/article/20141024/BUSINESS/141029805&source=RSS <img src="/storyimage/RG/20141024/BUSINESS/141029805/AR/0/AR-141029805.jpg" width="100" align="left" class="main-image" /></a> The Royal GazetteBermuda Stock Exchange recorded a quiet day of trading with The Bank of NT Butterfield the sole trader. Some 16,011 shares traded at an unchanged 1. 99. The index closed at a steady 1,379. 41 Logic service fully restored Logic Communications Ltds internet service has been fully restored, following damage from Hurricane Gonzalo, the firm reported today. Logic would like to remind the public that service to customers is dependent on their access providers CableVision or BTC service and the restoration of power to their homes. Logics wireless. .. http://www.royalgazette.com/article/20141023/BUSINESS03/141029806&source=RSS Thu, 23 Oct 2014 20:18:00 GMT http://www.royalgazette.com/article/20141023/BUSINESS03/141029806&source=RSS Logic Communications Ltds internet service has been fully restored, following damage from Hurricane Gonzalo, the firm reported today. Logic would like to remind the public that service to customers is dependent on their access providers CableVision or BTC service and the restoration of power to their homes. Logics wireless. .. BFM, Argus to treat storms as single event <img src="/storyimage/RG/20141023/BUSINESS/141029807/AR/0/AR-141029807.jpg" width="100" align="left" /></a> PRESS RELEASE BFampM and Argus announced today that they will be waiving the right to apply separate deductibles for those unfortunate residential customers who incurred damage during both Tropical Storm Fay and Hurricane Gonzalo. The companies reported that in accordance with the wording of home insurance policies, each event. .. http://www.royalgazette.com/article/20141023/BUSINESS/141029807&source=RSS Thu, 23 Oct 2014 20:17:00 GMT http://www.royalgazette.com/article/20141023/BUSINESS/141029807&source=RSS <img src="/storyimage/RG/20141023/BUSINESS/141029807/AR/0/AR-141029807.jpg" width="100" align="left" class="main-image" /></a> PRESS RELEASE BFampM and Argus announced today that they will be waiving the right to apply separate deductibles for those unfortunate residential customers who incurred damage during both Tropical Storm Fay and Hurricane Gonzalo. The companies reported that in accordance with the wording of home insurance policies, each event. .. Kaith Re lists 10m ILS on BSX Kaith Re Ltd, acting in respect of its segregated account LI Re, has listed a new bond programme on the Bermuda Stock Exchange BSX. A programme is an umbrella structure under which separate securities are issued. A person close to the industry explained the separate securities will generally have different attributes, but share the. .. http://www.royalgazette.com/article/20141023/BUSINESS04/141029849&source=RSS Thu, 23 Oct 2014 16:23:00 GMT http://www.royalgazette.com/article/20141023/BUSINESS04/141029849&source=RSS Kaith Re Ltd, acting in respect of its segregated account LI Re, has listed a new bond programme on the Bermuda Stock Exchange BSX. A programme is an umbrella structure under which separate securities are issued. A person close to the industry explained the separate securities will generally have different attributes, but share the. .. Ceres names Ace Ltd, XL Group and Allianz as climate change related risk leaders <img src="/storyimage/RG/20141023/BUSINESS/141029817/AR/0/AR-141029817.jpg" width="100" align="left" /></a> Ace Ltd, Allianz and XL Group, all with significant presences in Bermuda, are among just nine insurance sector players best prepared to manage climate change-related risk, according to US-based advocacy group Ceres. In a report that authors Ceres describes as a first-of its kind it noted the companies are among just nine to which Ceres. .. http://www.royalgazette.com/article/20141023/BUSINESS/141029817&source=RSS Thu, 23 Oct 2014 16:22:00 GMT http://www.royalgazette.com/article/20141023/BUSINESS/141029817&source=RSS <img src="/storyimage/RG/20141023/BUSINESS/141029817/AR/0/AR-141029817.jpg" width="100" align="left" class="main-image" /></a> Ace Ltd, Allianz and XL Group, all with significant presences in Bermuda, are among just nine insurance sector players best prepared to manage climate change-related risk, according to US-based advocacy group Ceres. In a report that authors Ceres describes as a first-of its kind it noted the companies are among just nine to which Ceres. .. CellOne expects network to be back to 100 today Wireless services firm CellOnes 4G network is expected to be fully up to speed by the end of the day. CEO Frank Amaral said the CDMA network was already fully restored, while the 2G system and EasyConnect stood at 80 percent operational. He added Field technicians have been working tirelessly around the clock to restore. .. http://www.royalgazette.com/article/20141023/BUSINESS03/141029818&source=RSS Thu, 23 Oct 2014 16:16:00 GMT http://www.royalgazette.com/article/20141023/BUSINESS03/141029818&source=RSS Wireless services firm CellOnes 4G network is expected to be fully up to speed by the end of the day. CEO Frank Amaral said the CDMA network was already fully restored, while the 2G system and EasyConnect stood at 80 percent operational. He added Field technicians have been working tirelessly around the clock to restore. ..