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Bermudian-based Nordic American Tankers does it not expect the US presidential election to have a negative effect on its operations, it said in a statement. It added that it “will increase earnings capacity substantially” as it expands its fleet of S...

Butterfield Bank is to redeem all of its 8 per cent Government Guarantees Preference Shares. The shares were issued in June 2009, giving the bank a $200 million injection as it recapitalised following the impact of the global financial crisis the pre...

Butterfield Bank will raise residential mortgage rates if the US Federal Reserve hikes rates next month by 25 basis points, as happened a year ago. The revelation came from one of the bank’s senior executives in Butterfield’s third-quarter earnings c...

Customers who lose their internet service for a day will be reimbursed for a full month if they have an “all in” package from Bermuda Telephone Company, and the disruption fault is a BTC issue. The company today revealed its “Always On” service promi...

Logic and CellOne are now a unified brand known as One Communications. The new name was revealed today as the business opened a new retail store on Church Street, opposite City Hall. “Our goal is to be the leading provider of these services in Bermud...

There will no night-time queues outside Digicel’s store on Black Friday this year, because the company is stepping away from the discount day tradition. Instead, it has responded to customers’ preference to have “the best value every day of the year ...

Asset management professionals considering where next to seek investment yield and growth were pointed towards water at the Global Fund Forum in Bermuda. And not only through obvious investment routes, such as a stake in water utility companies, but ...

Butterfield Bank has reported net income of $24 million in the third-quarter, down $4.8 million year-on-year. However, its core earnings improved to $33.4 million, up $4.1 million. The bank has announced an interim dividend of 10 cents per common sha...

Travellers from Bermuda who want to visit Havana will soon be able to choose from three US airlines that fly connections to the Cuban capital. Last month, American Airlines, JetBlue and Delta Air Lines, were among a group of carriers cleared by the U...

Bermuda Government’s debt has ticked up another $188.9 million. The Government has repositioned part of the island’s $2.36 billion debt burden through the issuing of $665 million in 10-year senior notes. Bob Richards, the Minister of Finance, sees it...