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There was clear evidence this week that a deal has been done to complete the sale of the Newstead Belmont Hills Golf Resort Property, after three years of receivership. In fact, it would appear that there has been sudden and substantial movement, sin...

The World Bank has issued its first catastrophe bond — a $30-million deal providing reinsurance protection to an earthquake and hurricane insurance fund, whose beneficiaries are Bermuda and 15 Caribbean governments. All 16 countries are signatories t...

There are shifting sands in the world of Bermuda’s public accountants, who have now accomplished what many said was impossible. They have unified under one umbrella organisation, bringing together more than 820 professionals of three different accoun...

An America’s Cup competition in Bermuda could bring hundreds of millions of dollars to the Island over an extended short-term period, but substantially improve long-term tourism and other business prospects, going forward. Evidence of this is found i...

A Maryland state pressure group opposed to the installation of smart meter technology has urged Bermudians to lobby the authorities to stop it from happening here. Bermuda’s electricity supplier BELCO has proposed installing smart meters in every hom...

The electricity utility could face a surge of opposition to controversial plans to install smart meter units in every Bermuda home — if experience elsewhere is anything to go by. Smart meter installations are one of the first things that Belco plans ...

Creditors of the former owner of the Pink Beach Club in Tucker’s Town are moving closer to the final dispensation of remaining assets. They will learn a week today, the latest news on the club’s one time parent company, Pink Beach Ltd, which is in th...

Reid Street is about to sizzle with a new nightspot unlike any other — one that could bring live music, employment for Bermudian entertainers and some much needed pizazz to Hamilton nightlife. Entrepreneur Kemar Maybury — of Smokin’ Barrel fame — has...

A Bermuda bank has challenged the Standard & Poor’s Rating Services decision to lower Bermuda’s Banking Industry Country Risk Assessment (BICRA) score Butterfield Bank last night expressed optimism in the Bermuda economy and said S&P erred in its for...

A rating agency brought the hammer down on Bermuda’s banking sector yesterday with a bad report card citing projected credit losses of more than a billion dollars, for a period not ending for another two years. Standard & Poor’s took various ratings ...