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The head of Argentina’s tax authority has petitioned the Bermuda Government for information after it demanded embattled bank HSBC return $3.5 billion in offshore funds. Ricardo Echegaray of tax body AFIP — at a briefing at the Argentinian Embassy in ...

An award-winning American craft beer with a distinctive Bermuda flavour is set to make its debut on the Island. A range of beers from the Devils Backbone brewery in Virginia — the brainchild of hardware store Gorham’s chief Rod Ferguson and wife Mart...

Bermudian Christie Hunter Arscott has become a global leader in the battle for women’s rights. Former Rhodes scholar Ms Hunter Arscott — who took her master’s degree in women’s studies at prestigious Oxford University — has just penned an article on ...

One of the rescuers of Butterfield Bank has hit trouble in the Caribbean. Canadian Imperial Bank of Commerce (CIBC) and two other Canadian banks have written off more than $1 billion in the region since the recession hit. And yesterday David Hills, a...

A Bermuda-based firm has created space history with the blast off of the first all-electric satellites. A communications satellite owned by Asia Broadcast Satellite (ABS) joined a twin satellite from French-based Eutelsat Communications in the launch...

Veteran businessman David Cash has become a director of Bermuda Commercial Bank (BCB), it was revealed yesterday. Mr Cash, the former CEO of insurance and reinsurance firm Endurance Special Holdings, is one of two new faces on the bank’s board of dir...

Bermuda firms could save hundreds of thousands of dollars by fine-tuning custom software to increase processing speed, an industry expert said yesterday. Dmitry Mnushkin, president of Treefrog Consulting, said a review and code optimisation could be ...

A Bermuda fund administrator has passed the $3 billion mark in assets under administration after only three years in business. ILS Fund Services — which provides fund administration and valuation services to funds that invest in insurance linked secu...

The parent firm of Bermuda Commercial Bank logged a profit of $1.2 million in the last quarter of 2014. Financial investment services holding company Somers Ltd said the figure pushed the profit for the full year to $8.7 million, while the firm also ...

A 5,000-strong listing of local businesses is to made available to the public, Home Affairs Minister Michael Fahy said yesterday. Senator Fahy said the move to open up the Bermuda Economic Development Development Corporation (BEDC) register would mak...