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A new home internet service aims to cut out wires and offer speeds of 100 megabits per second using wi-fi technology. Bluewave — developed secretly over the past year by East End Telecom — has almost completed a pilot programme and is set to launch w...

Butterfield Bank shares closed at $32.75 on The Royal Gazette/BSX Index, up 75 cents, or 2.3 per cent on the week after 15,031 traded. On the New York Stock Exchange the shares closed at $33.87. Also improving on the local exchange was Ascendant Grou...

Asset and wealth managers believe that their sector will grow over the next year. And nearly two-thirds of them said they planned to recruit new staff, higher than in other areas of financial services. A total of 92 per cent of those in a survey by p...

Bermudian reinsurance firm Fidelis has appointed a new group chief financial officer. Hinal Patel will replace Neil McConachie, who resigned earlier this year, at the end of June. Richard Brindle, group chief executive officer, said: “Hinal brings a ...

Shares of Butterfield Bank and BF&M improved, lifting The Royal Gazette/BSX Index 37.18 points, or 1.87 per cent, to close at 2,028.96. Insurer BF&M added 45 cents, or 2.2 per cent, to close at $20.95 after 1,000 traded. Butterfield rose 75 cents, or...

Island countries are set to be buffeted by major global changes, a report from KPMG has warned. The Emerging Trends in Infrastructure report from the professional services firm spotlighted ten global trends, many of which “underscore a drive for more...

The chief executive officer of Bermudian-based Bacardi is to retire next year. the company has announced. Island-based Michael Dolan, who has worked for the firm for eight years, will be replaced by company veteran Mahesh Madhavan, who is regional pr...

A new wireless internet system will provide high speeds of up to 100 Mbps, it was revealed today. Bluewave — part of East End Telecom and the East End Group — has carried out successful secret trials of its wi-fi based service and is set to provide i...

Dear Dave, I’m thinking about getting a secured credit card to help rebuild my credit score, because I’d like to buy a house. Do you think this is a good start towards getting my credit back on track and taking control of my finances? I make $50,000 ...

Eleven redundancies have been confirmed at two of the island’s insurance and reinsurance sector companies. Six employees have lost their jobs at PartnerRe, and five positions have been cut at Enstar Group. All those affected are either Bermudians or ...