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Bermudian-based Signet Jewelers Limited, the world’s largest retailer of diamond jewellery, has agreed to acquire Diamonds Direct USA Inc in a $490 million deal. Signet said that Diamonds Direct is an off-mall, destination jeweller in the United Stat...

Moody's Investors Service has revised the Bermuda-incorporated Weatherford International Ltd’s rating outlook from negative to stable and assigned a B3 rating to the company’s proposed $1.5 billion senior unsecured notes due in 2030. At the same time...

There is an appeal from local and international business leaders encouraging residents to take protective measures against Covid-19. The statement said: “The local and international business communities strongly encourage everyone in Bermuda to activ...

International Business professionals have launched the Association for Corporate Racial Equity (ACRE) in response to “the historic and present under-representation of Black Bermudians in International Business”. On Wednesday morning ACRE will host a ...

Sveinung Støhle is to step down as chief executive officer of Bermuda-based Höegh LNG Partners LP after 16 years with the company. The floating liquefied natural gas service provider said that Mr Støhle will remain in his position until November 1. H...

The world’s first fully automated land drilling rig has completed its first well, according to Nabors Industries Ltd, the company with its principal executive office in Hamilton. The global oil and gas drilling contractor said that its PACE-R801 rig ...

Helen of Troy, the global consumer products company with principal executive offices in Hamilton, is raising its fiscal-year outlook based on better-than-expected second-quarter results and positive trends in the beauty and housewares businesses, tog...

HSCM Ventures is the lead investor in a $4.5-million seed round by Insurate, the data science-based underwriter. Insurate said that it provides fair and transparent workers' compensation solutions to high-hazard small/mid-market companies. HSCM Ventu...

Bermuda-based fintech operation 24 Exchange has filed key portions of a Form 1 application in draft form with the US Securities and Exchange Commission for a licence to operate a national securities exchange. 24 Exchange, the only global platform off...

Stonepeak, the New York-headquartered alternative investment firm, is to acquire Bermuda-based Teekay LNG Partners LP in a $6.2 billion transaction. Under the agreement and plan of merger entered into by the parties, investment vehicles managed by St...