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Bermuda should not be lumped in with offshore centres that encourage tax-dodging, the Bermuda Business Development Agency said today. The BDA hit out after a massive leak of documents from a Panamanian law firm Mossack Fonseca, which have sparked pro...

The Argus Group has been named as the official healthcare partner for America’s Cup competitor SoftBank Team Japan. The group will support the team leading up and during next year’s 35th America’s Cup. SoftBank Team Japan has its competition base in ...

Oil Casualty Insurance Ltd is diversifying beyond its traditional energy industry market. Ocil, a mutual insurer and reinsurer that is owned by the energy giants whose risks it covers, has been operating from Bermuda for 30 years. But only over the p...

Ratings agency Moody’s has downgraded Bermuda’s macro profile from “moderate+” to “moderate”. The agency said the move reflected “the lowering of its assessment for institutional strength based on the World Bank’s worldwide governance indicators for ...

Ascendant Group shares rose by more than 29 per cent to lead The Royal Gazette/BSX Index higher last week. The parent company of electricity company Belco soared by $1.25 to close the week at a new 52-week high of $5.50 as 15,300 shares traded. The i...

NEW YORK (Bloomberg) — Alan Schnitzer, the new chief executive officer of insurer Travelers Cos, called on US lawmakers to reduce corporate taxes or risk harming business in the country. “We continue to see the US corporate income tax rate — the high...

Gift store Otto Wurz is to close after 60 years in the same family. Owner Anthea Edwards, who took over the store from her mother Ivy Spurling in the 1960s, said she would shut up shop at the end of June. Ms Edwards, 72, whose sons Christopher and Jo...

The Royal Gazette/BSX Index closed down 13.24 points or 1.09 per cent at 1,196.11. The sole trading of the day was 26,700 shares worth $44,322 in the Bank of Butterfield, with shares falling three cents, or 1.8 per cent, at $1.66. The BSX Insurance I...

Dear Dave, I took a new job less than a month ago. Just the other day, I was recruited by a huge company for the same position that pays twice what I’m making now. I didn’t apply for the job that was offered; they came directly to me. I didn’t sign a...

One of the most frequent comments we receive when teaching basic money principles is this: “I wish I could have learned this stuff sooner!” That’s understandable. When you’re 30 years old, strapped with student loan debt, up to your eyeballs in cred...