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Economically speaking, Bermuda is emerging from a largely painful decade and all residents will hope that 2020 can herald a new era of sustained economic growth. However, such success would have to be achieved against the grain of demographics, with ...

Google is ending its tax strategy called the “Double Irish, Dutch Sandwich”, which saw it move billions of dollars to Bermuda. The tech company moved $24.5 billion (€21.8 billion) through its Netherlands holding company to Bermuda in 2018, up from $2...

Shares of HSBC Holdings Plc improved by 10 cents, or 1.3 per cent, to $7.75 after 43,315 traded on The Royal Gazette/BSX Index. The index was unchanged at 2,404.48, while the BSX Insurance Index was up 6.94 points, or 0.4 per cent, at 1,743.72. On th...

The Royal Gazette/BSX Index climbed 19.91 points, or 0.84 per cent to 2,404.48 yesterday, the last trading day of 2019. Shares of Ascendant Group Limited, the parent of Belco, improved by $2.50, or 8.6 per cent, to $31.50 after 1,400 traded. There wa...

A Bermudian rum has been named Rum of the Year at the 2019 Rum Awards in Miami. Gosling’s Papa Seal eclipsed rums from across the Caribbean to claim the top prize at awards organised by Rum Journal, part of Caribbean Journal, a website that covers th...

A Hamilton retail institution is to close its doors today for the final time. Grant’s Ladies Boutique, on the upper level of Washington Mall, has fallen victim to a variety of factors including changing customer habits, according to owners Ervin and ...

Bermuda is too small to accommodate businesses like Airbnb because of the impact they have on the property rental market for residents, according to an expert who works in the real estate business. Ambika Scott, chief executive officer/broker of Moon...

On the New York Stock Exchange, shares of Butterfield Bank were up 16 cents, or 0.43 per cent, at $37.06. There were no trades on The Royal Gazette/BSX Index, which was unchanged at 2,384.57. The BSX Insurance Index was up 3.12 points, or 0.18 per ce...

Investors have beaten the money managers. Their next adversary will be even more difficult: themselves. It’s impossible to overstate the magnitude of the changes that have swept through the investment industry over the last decade. Until recently, in...

Some $27 million of new bond notes have been admitted to the Bermuda Stock Exchange. The Seaside Re 2020-1 $7 million bond, and the Seaside Re 2020-2 $20 million bond, will be due on January 15, 2021. The issuer is Kaith Re Ltd.