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The administrator of Bermuda-based mutual fund RCM Global Long Term Capital Appreciation Ltd., yesterday sought clarification of the fund's status, pending a court hearing scheduled for September 28. A decision was handed down Friday by a New York ju...

A complaint from telecommunications carrier, Cable & Wireless, against the Bermuda Telephone Company Ltd. (Telco) will likely go to the Telecommunications Commission for an inquiry. The complaint, sent to Minister for Management & Technology the Hon....

Independence referendum was over. The Chamber of Commerce said the failed Independence initiative sendt "a strong and clear signal: Now is not the time for independence.'' The Chamber noted its pre-referendum survey results that 95 percent of its me...

it seized from a Bermuda currency-trading fund to the fund's Daiwa account. Bloomberg news said funds would be frozen there during hearings on whether Daiwa's seizure of the funds was legal. Daiwa seized $33 million from the account of Bermuda-based ...

Government inquiry into the pricing of long-distance telephone service. "I can confirm that Cable & Wireless has called upon the Minister of Management and Technology to initiate such an inquiry, without delay,'' a Cable & Wireless spokesman told The...

A Bermuda company has clinched a significant defence contract with the US military, but has signaled an intention to also expand into the commercial field with leading edge technology. The US Air Force has taken delivery of the first teleconferencing...

and just a couple of months ago became director of sales at the posh, Elbow Beach Hotel. She is a member of the hotel's executive team, the only woman. Her "take'' on the tourism industry is that it is time for workers and managers across the Island ...

first half to post a modest increase in their year end results. Consolidated net income for the year to June 30 was $31.3 million, a 3.9 percent improvement over 1994 results. The bank's 1994 profit, however, was almost $66,000 down on 1993 results. ...

Bermuda-based Mutual Risk Management has announced second quarter profits to June 30 up more than 35 percent to $7,805,000 or $0. 58 per common share. The figures compare favourably with last year's second quarter net income for common shareholders o...

Elbow Beach Hotel will tonight culminate a local marketing blitz aimed at increasing its share of business travellers. The resort, hosting a corporate reception tonight, is playing to its strengths and is intending to mount serious competition agains...