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Bermuda residents will be hit in the new year by a 75 percent increase in domestic telephone charges, effective January 1, that will climb to a more than 100 percent increase by July 1. The new charges are expected to be levied by the Bermuda Telepho...

established here by top US broker, E.W. Blanch, and which has been dormant since its Bermuda incorporation in June 1997. The company's vice president in the capital markets group, Peter Crosby, said the new reinsurer, Blanch Capital Re Ltd., will be ...

The financial performance of office and medical supplier Staples Holdings Ltd. is about to get worse, before it gets better. Faced with a 19 percent drop in sales for the first half of its fiscal year to September 30, Staples Holdings declared a six ...

where many failed in the six months to September 30 -- beating back a downturn in the investment markets and marginally improving last year's $3.86-million investment income to a $4-million investment income contribution to earnings. Meanwhile, Argus...

A potential combination between The Bermuda Sun newspaper and VSB may be closer to reality in the new year. Such a deal would almost certainly mean a merger between the newspaper's parent, Island Press (Holdings) Ltd., and DeFontes Broadcasting, whic...

Last minute shoppers are putting a hectic strain on Hamilton retailers in the throes of another busy Christmas period. And some believe it is the busiest they've seen in many years, with more purchasing than in recent years, even though buying patter...

Ireland's biggest drug company, Elan Corporation, plc. Elan's Bermuda-based subsidiary, Elan Finance Corporation Ltd., has just completed a $750-million debt offering, channelling the proceeds through the bank for international investment. Elan Corp....

Bermuda architects are calling for the replacement of the "out-dated'' Architects Registration Act 1969 to establish a level playing field for competition, tighter regulation in the industry and improved standards. President of the Institute of Bermu...

specialty reinsurer Stockton Reinsurance Ltd. has agreed in principle to buy one of the largest remaining independent managing agencies at Lloyd's. Crowe Insurance Group Ltd. manages six syndicates with total premium income capacity for the 1999 year...

Small retailers on Court Street still believe that they will be able to one day rival Front Street as a major shopping area in the city. Right now, progress is slow. But there is optimism in the air because there are already indications that Bermudia...