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Bermuda’s inflation rate turned negative for the first time in 55 years in July. The annual rate was -1.4 per cent, which means consumers paid 1.4 per cent less for a basket of goods and services included in the Consumer Price Index in July than they...

Bermudian-headquartered Bacardi has unveiled plans to put the world’s most sustainable spirits bottle on shelves by 2023. The move is aimed at helping reduce the problem of plastic pollution. The new 100 per cent biodegradable bottle will replace 80 ...

Shares of Argus Group Holdings Ltd fell by 84 cents, or 20.9 per cent, to $3.20 after 33,000 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, Butterfield Bank shares were down $1.47, or 5.29 per cent, at $26.30. The Royal Gazett...

Third Point Reinsurance Ltd will hold a special general meeting of shareholders to allow them to vote on matters in connection with its announced merger with Sirius International Group Ltd. The merger is expected to close in the first quarter of 2021...

Brian Duperreault is to vacate his position as chief executive officer of American International Group and become executive chairman. He will be succeeded by AIG president Peter Zaffino on March 1. Mr Duperreault, who was born in Bermuda, is a vetera...

Bermudian-based container company Triton International Limited made a profit of $45.9 million, or 67 cents per diluted share, in the third quarter. That included a $24.3 million write-off of unamortised debt and other costs related to the prepayment ...

Butterfield Bank shares jumped $2, or 7.7 per cent, to $28 after 401 traded on The Royal Gazette/BSX Index. In New York, the bank’s shares were up two cents, or 0.07 per cent, at $28.28. On the local exchange, a total of 2,332 shares of BF&M Ltd were...

A total of 50,985 shares of Shore Capital Group Ltd traded on the international companies listing of The Royal Gazette/BSX Index. The shares closed at $1.60. Among the domestic companies, BF&M Ltd shares were down five cents, or 0.3 per cent, at $18....

Thousands of Bermuda residents have dipped into their pension pots, taking out an average of $7,000 to $9,000 to help them through the economic downturn caused by the Covid-19 pandemic. And a local pension company estimates that a quarter of its memb...

Shares of Argus Group Holdings Ltd improved by 12 cents, or 4.3 per cent, to $2.93 after 63,270 were traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, shares of Butterfield Bank were up 54 cents, or 2.02 per cent, at $27.21. The ...