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The Royal Gazette/BSX Index today closed up 9 points, or 0.78 per cent, at 1,163.20.
The sole trade of the day was in the Bank of Butterfield, which saw 5,000 shares worth $8,200 move.
The bank ended the day up 2 cents, or 1.2 per cent, at $1.64.
The...
DATE: May 30, 2016
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CATEGORY:
Bermuda Stock Exchange
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Have you thought about what life looks like after you get married?
It’s easy to get so caught up in being engaged, booking your honeymoon, and planning for the big day that you forget all about life on the other side. But today, I want you to stop fo...
DATE: May 28, 2016
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CATEGORY:
Personal Finance
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What if you saw a headline that said that a brilliant billionaire investor, whose every move is closely watched, had put on a trade that wasn’t widely known — and if it were, it might rumble through the markets?
Would you click on that link?
Now what...
DATE: May 28, 2016
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CATEGORY:
Personal Finance
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Dear Dave,
I’m 19 years old, and I’m putting myself through college debt-free. I usually work part time during the semesters, but right now I’m working full time. I have about $2,000 in mutual funds, and I was wondering if I should add my full-time w...
DATE: May 28, 2016
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CATEGORY:
Personal Finance
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Belco’s customers will feel the effects of some significant increases in electricity prices when higher tariffs kick in next month.
But greater pain is likely in the coming months when the fuel adjustment rate — which has just hit a nine-year low — c...
DATE: May 27, 2016
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CATEGORY:
Other
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OSLO (Bloomberg) — Seadrill Ltd, the offshore rig company domiciled in Bermuda, said operating earnings beat forecasts as the company deepened costs cuts to weather a market downturn provoked by the collapse of oil prices.
Earnings before interest, t...
DATE: May 27, 2016
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CATEGORY:
International Business
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Power charge increases by Belco will force up costs for hotels and grocery stores.
Stephen Todd, chief executive of the Bermuda Hotel Association, said that rising power costs would impact his members.
He added: “There are concerns — we have just now...
DATE: May 27, 2016
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
NEW YORK (Bloomberg) — Carlyle Group LP’s Olivier Sarkozy, the head of the private-equity firm’s financial services group, has resigned, people with knowledge of the move said.
Mr Sarkozy, the half-brother of former French President Nicolas Sarkozy, ...
DATE: May 27, 2016
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CATEGORY:
Other
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The Attorney-General’s Chambers is to represent former airport ground services firm BAS Serco in a dispute over redundancy payments to staff, The Royal Gazette can reveal.
And, if a legal bid by former staff to win redundancy payments from BAS Serco ...
DATE: May 27, 2016
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
ZURICH (Bloomberg) — Credit Suisse Group AG sold 220 million Swiss francs ($222 million) of innovative insurance-linked securities through a Bermudian special purpose insurer listed on the Bermuda Stock Exchange.
The bonds, sold under the name of Op...
DATE: May 27, 2016
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CATEGORY:
Reinsurance
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