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The Royal Gazette/BSX Index today broke the 2,000 mark.
The index hit 2002.56, up 31.48 points, or 1.6 per cent.
The move came after Bank of Butterfield rose 70 cents, or 2.2 per cent, to $33 after 4,167 shares traded.
On the New York Stock Exchange,...
DATE: Jan 24, 2017
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CATEGORY:
Bermuda Stock Exchange
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A measure of the size of Bermuda’s economy shrank in the third quarter of last year, as the value of exports fell while imports rose.
The island’s gross domestic product in the July through September period was estimated at $1.36 billion — down 0.5 p...
DATE: Jan 24, 2017
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CATEGORY:
Economy
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Inflation fell to 1.7 per cent in November, down from 2.1 per cent the previous month.
A near 7 per cent decrease in the fuel adjustment rate, and lower cost of airfares and overseas accommodations were factors in the lower inflation figure.
The aver...
DATE: Jan 24, 2017
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Argus Group recorded the biggest percentage improvement on The Royal Gazette/BSX Index last week, climbing 3.2 per cent, or 14 cents, to close at $4.54 after 1,300 shares traded.
There was also a higher weekly closing price for Butterfield Bank, whic...
DATE: Jan 23, 2017
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CATEGORY:
Bermuda Stock Exchange
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The Royal Gazette/BSX Index was experiencing technical difficulties with its daily report yesterday, however, from details posted on its website, shares of Argus Group shares improved by one cent to $4.55 after 6,800 were traded.
Butterfield Bank sha...
DATE: Jan 23, 2017
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CATEGORY:
Bermuda Stock Exchange
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Specialised workers have been brought to the island to install a fibre network designed to measurably increase internet speeds in Bermuda.
Digicel Bermuda has hired a contractor to assist with the next phase of upgrading its internet infrastructure. ...
DATE: Jan 23, 2017
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Jonathan Kent, Business Editor
XL Catlin has received the green light to open a reinsurance branch in India — a market growing at a “staggering pace” according to the Bermudian-based company’s chief executive officer.
The global insurer plans to have...
DATE: Jan 23, 2017
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CATEGORY:
Reinsurance
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When I set out to fly from Bermuda to Britain, Iceland was not part of my travel plans, initially.
But a near $400 difference in fares swayed me to try the non-direct, longer route.
It was less convenient, it took longer and included a one-night over...
DATE: Jan 21, 2017
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CATEGORY:
Personal Finance
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AUTHOR:
Scott Neil
Dear Dave,
My friend and I are roommates, and we’ve always had an agreement that we split each of the bills fifty-fifty. We both work and have decent jobs, but for the last couple of months she’s been really late in paying her half of the bills. She ...
DATE: Jan 21, 2017
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CATEGORY:
Personal Finance
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Financial results for the first nine months of 2016 show the property and casualty insurance industry was less successful when compared to the same period in 2015.
That is the finding of commentator Steven Weisbart, using data released by ISO, a Ver...
DATE: Jan 20, 2017
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CATEGORY:
Reinsurance
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AUTHOR:
Scott Neil