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Credit rating agency Moody’s has welcomed Government’s progress in cutting its deficit. Moody’s said Government had reduced its target for current expenditure cuts from 5 per cent to 3.5 per cent after it was unable to renew its cost-cutting furlough...

A total of 32,517 shares worth $156,289 traded on The Royal Gazette/BSX Index. Polaris Holding Company fell 45 cents, or 10 per cent, to $4.05 after 30,771 shares sold. Insurance company BF&M was down 1 cent, or 0.1 per cent, at $16.90 after 600 shar...

A bid to sell the benefits of captive insurance in Bermuda is to be launched in the US next month. An industry delegation led by the Bermuda Business Development Agency is to visit the south east of America to drum up more business for the sector. Th...

A bid is being made to bring more jobs to Bermuda by boosting the presence of hedge funds. Island professionals are to combine to form a branch of the Alternative Investment Management Association to attract the hedge-fund sector back to Bermuda. Cra...

Bermuda’s economic recovery will accelerate this year, according to the latest projections by the Ministry of Finance. Gross domestic product, a measure of economic activity, will expand by between 2 and 3 per cent, the ministry estimates in The Nati...

An insurance group has started special networking lunches for senior school pupils interested in the industry. Tomorrow sees a meeting on the insurance sector, to be held at XL Catlin’s Hamilton offices and organised by the Bermuda Foundation for Ins...

A total of 13,365 shares worth $25,033 today traded on the Bermuda Stock Exchange. The Bank of Butterfield saw 13,265 shares change hands, leaving its price unchanged at $1.70. And 100 shares in investment holding company Somers Ltd traded, with its ...

Business leaders are more likely to hire extra people and invest in their businesses this year as confidence rises. But caution over the future remains, with particular concerns about the political environment and the need for business growth and inv...

Retail sales volume dropped by more than 1 per cent in December last year — the second successive drop after 11 months of increases. A 30.8 per cent jump in the automotive sector compared to the same month in 2014 contributed to the 0.5 per cent incr...

A Berkeley Institute pupil is on track to be the first to complete a head-start scheme run by the Bermuda Insurance Institute. Imani Smith, aged 17, is expected to complete a two-year associates in general insurance within the next few months. Ms Smi...