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A sharp downturn in the stock price of Butterfield Bank in the fourth quarter of the year was the main driver of an 11 per cent loss for the local stock market in 2018. Only three stocks of the 13 domestic companies listed on the Bermuda Stock Excha...

An economic indicator that strongly improved during the period when the island hosted the 2017 America’s Cup, has edged higher again. Bermuda’s gross domestic product for the second quarter of 2018, when adjusted for inflation, rose by 0.8 per cent y...

The company that is acting as the precious metals procurement agent for Arbitrade is set to become a major shareholder of the cryptocurrency exchange and coin company. Sion Trading FZE has entered into a conditional agreement for the acquisition of t...

A total of 9,000 shares of Ascendant Group were traded on The Royal Gazette/BSX Index, but with no change to the closing price of $16.75. The Royal Gazette/BSX Index was unchanged on 1,980.41, while the BSX Insurance Index was down 4.02 points, or 0....

Clarien Bank Ltd announced a net profit of $7.3 million for the first nine months of last year. In a statement the bank said the profit was 126 per cent up on the previous 12 months. Clarien has changed its financial reporting date to September 30 to...

Robert Vetch has joined Hamilton Underwriting Limited as chief financial officer, he succeeds Simon Barrett, who left the company last month. Dermot O’Donohoe, chief executive officer, said: “We pride ourselves on attracting some of the best talent i...

Dear Dave, I’m almost debt-free, and I’ll be finishing my master’s degree soon. I’m not from this country, so I’ll be returning home in the next three to five years. Considering my situation, would investing in the stock market be a good idea? I’ve b...

Google moved $22.7 billion through a Dutch company to Bermuda in 2017, an increase of about $4.5 billion on the previous year. The tax strategy, known as “Double Irish, Dutch Sandwich”, is legal, but has been criticised in the past as an arrangement ...

Aspen Insurance Bermuda has started the year with two fresh appointments. Darren Cann and Saadia Savory have joined the company from Aon Bermuda and Argo Re, respectively. Mr Cann has joined the company as senior vice-president, financial and profess...

Businesses in Clocktower Mall at Dockyard and operations in a number of adjacent buildings will reopen tomorrow after a two-day closure. The area was vacated yesterday to allow for the fumigation of the former Royal Navy base’s restored North Basin b...