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The US Consulate General and the Chamber of Commerce are to team up to bring a live virtual talk by a top expert on the creative use of technology. Peter Corbett, founder and chief executive officer of iStrategyLabs, a digital strategy agency, will f...

Nordic American Offshore Ltd reported a fourth-quarter loss of $9.8 million this morning. The Bermudian company, which operates a fleet of ten supply vessels working in the North Sea oil industry, also declared a dividend of 2 cents per share. The lo...

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...