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The Federal Reserve continued its moves to slow the economy and hold back inflation after the latter’s earlier four-decade high. And it didn’t take long for Bermuda’s Bank of N.T. Butterfield to react. But the Fed slowed its hand, this time imposing ...

Bermuda’s $22 million revenue loss in aircraft registry receipts as a result of the withdrawal of Russian aircraft certification business, can be covered by better than expected tourism receipts, a rating agency has declared. It was a position taken ...

For the second time in little more than a year, Moody’s Investors Service has downgraded the rating for the Government of The Bahamas, this time because of a higher degree of government liquidity risk. The long-term issuer and senior unsecured rating...

There appears to be some relief in sight for importers and eventually consumers, as there are signs that the costs of containers across major shipping routes are plunging, The Economist is reporting. Analysts believe it may mean some relief for globa...

A KBRA rating agency report on credit risks suggests that the Federal Reserve’s “near singular focus over the near term on taming inflation runs the risk of overshooting its goal of curtailing demand, thereby increasing the risk of a hard landing.” T...

Twelve years after government sought to arrest the decline in retail sales, the ‘Buy Bermuda’ campaign may be in jeopardy. Alarmingly in 2010, government reported how resident purchases overseas increased by a whopping 14 per cent per cent in June 2...

The US Federal Reserve’s unprecedented tightening of monetary policy may have slowed the inflation momentum, but an economist has warned that the Fed needs to “keep the pedal to the metal”. The latest edition of Economic Insights from the Swiss Re In...

Borrowers will pay more for their loans and mortgages after Butterfield Bank raised its rates in response to the historic 75 basis point increase by the US Federal Reserve

The Cayman Island Consumer Price Index increased by 11.2 per cent in the first quarter of this year when compared to the same period in 2021, the Cayman News Service has reported. The CNS commented that residents of the Cayman Islands have been livin...

Retail sales remain in a tailspin seven months on, with the latest figures showing they fell again in January, this time down 6.3 per cent compared with the same period last year. In value terms, retail sales fell 2.7 per cent from the previous year’...