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For this month’s article I have decided to provide a substantial extract from a speech I gave recently to Pembroke Rotary on ethical behaviour within companies.
Today I will try to address the subject of ethical behaviour from the standpoint of compa...
DATE: Feb 09, 2017
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CATEGORY:
Other
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Bank of Butterfield shares closed up $1 at $32 on The Royal Gazette/BSX Index.
The move, equal to 3.2 per cent, came after 4,577 shares sold.
On the New York Stock Exchange, the bank was also up — 99 cents, or 3.16 per cent, at $32.28.
The Royal Gaze...
DATE: Feb 09, 2017
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CATEGORY:
Bermuda Stock Exchange
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A total of 44 businesses have failed to keep up with health insurance coverage for their employees, according to Bermuda Health Council figures.
The BHeC said that more than 200 employees and non-working spouses were affected by firms’ failure to pay...
DATE: Feb 09, 2017
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Young Bermudians who want to storm the ramparts of island international business should start their campaign overseas, a top reinsurance lawyer said yesterday.
David Amaro, assistant vice-president and associate legal counsel at reinsurance firm Hami...
DATE: Feb 08, 2017
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A new line in corporate misconduct investigations coverage has been launched for company executives by insurance and reinsurance firm XL Catlin.
The directors and officers coverage has been enhanced in the wake of US federal law enforcement’s increas...
DATE: Feb 08, 2017
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CATEGORY:
Reinsurance
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A bid by Bermudian-based Frontline Ltd to acquire an independent crude oil tanker company less than half its size, is part of consolidation pressure across the sector.
And while the non-binding proposal has been rejected by the directors of DHT Holdi...
DATE: Feb 08, 2017
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CATEGORY:
International Business
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AUTHOR:
Scott Neil
The rate of inflation dropped slightly last December to 1.6 per cent, 0.1 percentage points down from November.
The price change refers to the standard basket of goods and services measured by the consumer price index compared to the same period in 2...
DATE: Feb 08, 2017
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
One Communications has rolled out almost 60 miles of superfast fibre-optic cabling since it started installing its FibreWire network last year.
The cabling now reaches about 1,400 homes.
It is part of a $20 million investment by the Bermudian-owned i...
DATE: Feb 08, 2017
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CATEGORY:
Local Business
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Bank of Butterfield today fell $1.50 to $31 in Bermuda Stock Exchange trading.
The drop of 4.6 per cent came as 1,155 shares changed hands.
On the New York Stock Exchange, the bank’s share price also fell, down 91 cents, or 2.83 per cent, to $31.29.
...
DATE: Feb 08, 2017
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CATEGORY:
Bermuda Stock Exchange
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Nordic American Tankers made a $1.8 million loss in the fourth-quarter. That equates to a loss of two cents per share.
Five analysts surveyed by Zacks Investment Research had estimated the Bermudian-based company would post a break-even result.
For ...
DATE: Feb 07, 2017
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CATEGORY:
Other
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AUTHOR:
Scott Neil