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WASHINGTON – Senior officials at the US Treasury Department have expressed reservations about the new minimum tax on large corporations proposed as part of President Joe Biden's Build Back Better agenda, according to two people with direct knowledge ...

Cyril Whitter has become the first honorary board member of the Association of Bermuda International Companies (Abic). His appointment was among seven made by Abic to its board of directors, including two past recipients of the organisation’s educati...

The RG/BSX Index rose 6.95 points (0.26 per cent) to close at 2,648.34. The two advancers were domestic insurers. Argus Group, was up 10 cents (1.7 per cent) to close at $6.00 on volume of 17,500. BF&M Ltd. were up 50 cents (2.2 per cent) to close at...

The Bermuda office of international law firm Appleby has added corporate lawyers Katie Blundy and Carl Meyer to its practice. Ms Blundy is an associate in the corporate department, practicing in all areas of corporate and commercial law, including ca...

One Communications has appointed Bermudians Michelle Ashton and Michael Roberts to senior leadership positions. Ms Ashton has been promoted to general counsel with overall responsibility for legal and regulatory matters and Mr Roberts has been promot...

Plans for a $3.8 million redevelopment of the beachside café at Horseshoe Bay have been rejected by the Department of Planning. And now it appears that the revamped facility may not be ready in time for the 2022 tourist season, as planned. The conces...

Declarations in August from overseas shopping shot up 41.1 per cent compared with the same month last year, Retail Sales Index figures just released show. The rise was seen in higher imports of clothing, furnishings and electrical machinery and equi...

Georgian oligarch Bidzina Ivanishvili held a large equity position in an account outside Credit Suisse, the bank whose offshoot Credit Suisse Life (Bermuda) he is suing for the loss of $400 million over a call for payment for the same high-risk equit...

Last week the roll call for the publication Captive International’s Cayman awards 2020 were handed out, and the surprised winner in the reinsurance broker category was Bermuda broker Michael Woodroffe, president of the reinsurance broker Kirkway Inte...

The corporate, finance, funds and insurance practice group in the Bermuda office of the international law firm Walkers has been given a Tier 2 ranking in the IFLR 1000 legal directory, the annual guide to the world’s leading financial and corporate l...