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Government has called on Bermuda’s banks to cut their base interest rates in the face of the threat posed by the coronavirus. Pointing to Tuesday’s move by the US Federal Reserve to cut its benchmark interest rate by 50 basis points to a range of 1 p...

Leading ceiling and wall solution companies sent representatives to Bermuda to showcase innovations and products to local designers, architects, building managers, and construction professionals. The experts took part in a seminar hosted by Greymane,...

Students from Dellwood Middle School visited the offices of Axa XL to learn about international business in Bermuda. They were joined by Diallo Rabain, Minister of Education, who said: “We welcome this opportunity for our students to learn more about...

Shares of Butterfield Bank fell 3.9 per cent in Bermuda Stock Exchange trading. The bank fell $1.10 to close on $26.90 as 239 shares changed hands. It was a second successive sharp fall for the index’s largest constituent, following Butterfield’s 5.9...

As a hand sanitiser shortage sweeps the island due to Covid-19 fears, a promise by Government to source the product has puzzled at least one distributor. “I don’t know where the Government is going to get it from,” said the distributor, who did not ...

No shares traded on the Bermuda Stock Exchange, leaving The Royal Gazette/BSX Index unchanged on 1,903.91. Butterfield Bank’s US-listed shares dipped 94 cents, or 3.48 per cent, to close the day on $26.11 on the New York Stock Exchange amid a broad m...

Covid-19 is being called the worst thing to hit world tourism since 9/11, and some local operators are very worried. Industry veteran Mark O’Connor, who leads a group for Bermuda Food Tours each week, said he’s already seen one tour group cancel due...

Solid gold casts of Nelson Mandela’s hands that were once linked with Arbitrade, were auctioned in New York City last night. It was estimated the collection of four casts, if sold as a single lot, would fetch between $10 million and $20 million, but ...

A half-day construction and trade industry conference set for Thursday is designed to provide employers with the answers they need on a range of topical issues. The event, “2020 Vision: Straight Up. No Chaser” will include sessions on recruitment and...

PartnerRe Ltd has reported an $108 million loss for the fourth quarter, compared with a loss of $32 million for the same period in 2018. The loss includes net realised and unrealised investment losses of $50 million on fixed maturities and short-term...