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The Bermuda Stock Exchange will be closed on Wednesday to mark Bermuda Day. A BSX spokeswoman said that exchange will operate as normal from Thursday.

Butterfield Bank’s credit rating has been upgraded by Fitch Ratings. The New York-based rating agency said today that it had raised the bank’s “viability rating” to “bbb” from “bbb-” after its review of the bank. Fitch has also affirmed Butterfield’...

Bermudian companies will have to update their beneficial ownership details if a proposed new law takes effect. At present, firms are only required to file beneficial ownership at formation — with no obligation to inform island authorities of any chan...

When it comes to debt, student loans and credit cards can be detrimental to the financial success of young adults. The devastating mistakes students make in college can haunt them for years and keep them from stepping into the next phase of life with...

One of the star names of the 35th America’s Cup will be signing autographs this morning at Diamonds International Bermuda store in Dockyard. Sir Ben Ainslie is the most successful sailor in Olympic history. He also helped Oracle Team USA successfully...

Rosewood Tucker’s Point Hotel and Resort has been sold to the Miami-based firm Gencom and is out of receivership. According to an official announcement yesterday, the hospitality development company will invest $25 million into the property, with add...

The Bermuda Stock Exchange has launched its “Own Your Share of Bermuda” campaign to raise awareness of opportunities to invest in the island’s public companies. The Royal Gazette is supporting the effort by publishing weekly features on each of the 1...

New international accounting rules could affect the island’s insurance industry as much as European Union Solvency II requirements, a professional services firm said yesterday. Now PwC is to hold a live global seminar to highlight International Accou...

Belco says it will decommission half of its ageing generators within the next three years — and it urgently needs permission to invest the necessary capital to replace them. Sean Durfy, chief executive officer of the power utility’s parent company As...

One Communications remained at $2.50 after 10,000 shares changed hands in Bermuda Stock Exchange trading today. Insurance firm BF&M stayed at $21 after five shares traded. The Royal Gazette/BSX Index closed unchanged at 2,041.35. On the New York Stoc...