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by Everest Capital Ltd., giving the company a much needed boost after a spate of losses in the Russian market last year. Soros Fund Management LLC, a $14.5 billion hedge fund group, allocated the money to Everest Capital, whose two hedge funds lost 4...

Friday is the deadline for firms or individuals to submit their tender proposals to the Ministry of Finance in the bid to get the job of drafting the legal framework for the development of electronic commerce in Bermuda. Out of the lot the Ministry w...

weighed down by debt it was no longer a viable business concern and the company was now considering its options. Staples chairman Bill Midon stated the company had come to such dire straits because of the structure of the deal to buy competitor Chips...

Shareholders of Staples Holdings Ltd. are meeting today at the company's annual general meeting to discuss proposals to put the office and medical supply retailer back on a firm financial footing. In the face of financial difficulties Staples earlier...

Bermuda needs to get on the electronic commerce highway -- fast -- or the Island will lose out to other more vigorous competitors in what is predicted to become a $1 trillion industry, technology consultant James Martin said yesterday. "If Bermuda do...

Bermuda-based Annuity and Life Re (Holdings) Ltd. yesterday reported net income of $19.46 million or 76 cents a share for the company's first nine months of operation. Net income for the quarter ended December 31 was $9.23 million or 34 cents a share...

stalled Morgan's Point resort, The Royal Gazette has learned. And if the negotiations are successful, West Group Management, LLC, an office development company based in McLean, Virginia, will go ahead with the $290-million project within six months. ...

Finance Minister Eugene Cox got a grilling from youth yesterday, as 26 high school and college students attended his Budget presentation before the Chamber of Commerce. Their keenness to participate could be seen when Bermuda High School year 12 stud...

XNY The new Budget fits in the same pattern as those presented by the former United Bermuda Party Government -- it is conservative and without any real handle on the economy, an economist has told The Royal Gazette . Craig Simmons, a Bermuda College...

Bermuda's international business sector came out in support of what was generally characterised as a modest first budget by a new Government with indications of a more aggressive approach to come next year. Most said they had expected such a budget g...