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A decades-long rum war between the Communist Cuban government and Bermudian-based drinks giant Bacardi is to feature on a top US TV news show. CBS current affairs flagship 60 Minutes will on Sunday examine the fight for control of the Havana Club bra...

Insurance-linked securities and catastrophe bonds listing this month on the Bermuda Stock Exchange have sailed over the $1.5 billion mark. That end of year flurry of listings means there are 58 ILS securities listed on the local exchange, the same nu...

Investors in many Bermuda Stock Exchange-listed stocks saw their wealth grow in 2016 as The Royal Gazette/BSX Index soared to gains of almost 50 per cent. Much of the spike came in the latter stages of the year and was driven by the index’s largest c...

The Royal Gazette/BSX Index closed the trading year with a gain of 47.5 per cent. The index fell 4 points yesterday to end 2016 on 1,923.79 — up an impressive 619.73 points over the past 12 months. The only domestic-board stock to trade on the BSX’s ...

Butterfield Bank today quashed social media rumours its ATM network had been hacked. A spokesman for the banks said: “We can assure our customers that this statement is false and that it is safe to conduct banking transactions using Butterfield ATMs....

The end of the year is a perfect time to be looking forward, of course those of you who have the joy of budgeting have no doubt been looking forward for the last couple of months, this column aims to be a more pleasurable experience. What trends shou...

In anticipation of increased demand for a variety of products during the America’s Cup, one of the island’s leading wholesalers is to assist with the distribution of two famous brands, Coca Cola and Heineken. Butterfield and Vallis is also looking fo...

Bermuda reinsurer Qatar Re’s financial strength rating has been affirmed at A by AM Best, with a stable outlook. The rapidly expanding company has been a primary growth driver for its owner, Qatar Insurance Company, also rated A by Best. However, in ...

Retailers were yesterday upbeat after festive sales were up on last Christmas — while shippers bringing in online purchases also reported gains on last year. Paula Clarke, chief executive officer of Gibbons Company, said: “Christmas was very good. De...

Insurance group Argus dropped 15 cents to $4.60 on The Royal Gazette/BSX Index. The fall, equal to 3.2 per cent, came after 11,300 shares traded. On the New York Stock Exchange, the Bank of Butterfield rose one cent, or 0.03 per cent, to $31.71. The ...