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European Union politicians are calling for any jurisdiction with a zero per cent tax rate on corporate profits – including Bermuda – to be included on the bloc’s tax blacklist. But Curtis Dickinson says the body that manages the list has given no ind...

Britain has drafted an order-in-council laying out how it expects its Overseas Territories to set up publicly accessible registers detailing beneficial owners of companies. However, Wendy Morton, a Foreign Office minister, said in the House of Common...

New global rules that would force many Bermudian-based multinational companies to pay more tax have a good chance of becoming reality, despite the challenges of the required international consensus, says one of the island’s leading corporate tax expe...

Frontline Ltd this morning reported fourth-quarter profit of $18.3 million, beating analysts’ estimates. However, Robert Hvide Macleod, the Hamilton-based oil tanker operator’s chief executive officer, predicted pressure on the rates at which the com...

Bermuda-based shipping company Teekay Tankers Ltd saw its profit rise in the third quarter as spot charter rates for its oil and gas tankers increased. Teekay, which owns 51 tankers of various sizes, reported net income of $41.2 million, or 30 cents ...

Don’t expect interest rates to bounce back sharply any time soon. That’s the advice from HSBC’s global head of fixed-income research Steven Major, who expects predicts that the US Federal Reserve will not starting raising rates until December. London...

Partnerships will gain more of the same rights as businesses under amendments to the law that Government hopes will boost the Island’s asset management sector. Economic Development Minister Grant Gibbons said the changes to the Partnership Act 1902 w...

Bermuda-based oil shippers are seeing their income rocket as oil tanker rates surge. Increased production in Saudi Arabia and Iraq, as well as relatively low oil prices encouraging major buyers like China to hoard crude, are driving a spike in demand...

Organisers of a hedge fund event expected to attract around 400 delegates to Bermuda are planning to make a donation to charity. The Global Fund Forum will take place at the Fairmont Southampton from June 22-24 and Lisa Vioni, chief executive of orga...

A global money manager has struck a deal with a small Bermuda firm to distribute its investment products on the Island. BNY Mellon Investment Management EMEA Ltd, which describes itself as the world’s largest world’s largest multi-boutique asset mana...