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Bacardi Limited has announced a definitive agreement to acquire complete ownership of Patrón Spirits International and its Patrón brand, the world’s top-selling ultra-premium tequila. The transaction reflects an enterprise value for Patrón of $5.1 b...

A team from Bermuda, led by David Burt, is travelling to Switzerland this week to hold meetings and participate in discussions alongside the World Economic Forum in Davos. The Premier’s three-day itinerary includes an interactive round table he will ...

Dear Dave, What is your opinion of businesses that no longer accept cash? HEATH Dear Heath, Honestly, I think the whole scenario is kind of silly. Businesses that are suddenly into the “no cash” thing lose out on a lot of transactions. Believe it or ...

Concern about fundraising initiatives known as initial coin offerings, or ICOs, has been expressed by the IOSCO, a leading international policy forum for securities regulators. ICOs are also known as token sales or coin sales and typically involve th...

When the Bermuda Captive Conference returns to its June slot this year, after being displaced by the America’s Cup last year, it will have a new man at the helm. In addition, a number of fresh ideas and innovations, including a conference app, will b...

An inspiring and charismatic guest keynote speaker is lined up for the Bermuda Captive Conference in June. Derreck Kayongo was a Ugandan refugee who, with his parents, fled that country during the reign of Idi Amin in the 1970s. He eventually moved t...

A mechanical repair business which started off as a mobile service is now growing into a permanent home of its own. Sanjay Ramotar opened Mastermind Mechanics Garage, located next door to Raynor’s Service Station in Southampton last year. “I’ve had t...

Bermudian-based Katie Kelly has been named in a select list of captive industry professionals to watch in 2018. Ms Kelly is captive insurance director with PwC Bermuda. She is included in Captive Review magazine’s “Ones to Watch in 2018” list, which ...

KPMG in Bermuda has announced the successful qualifications of four Bermudians as CPAs. Nicole Nelson and Ian Bucci have earned their designations as chartered professional accountants, while Alex Brown and Dayshalae Williams (née Smith) have become ...

Shares of HSBC Holdings improved by five cents, or 0.46 per cent, to $10.80 after 2,338 were traded on The Royal Gazette/BSX Index. A total of 6,682 shares of Butterfield Bank, and two shares of BF&M Ltd, were also exchanged, but with no change to ei...