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Bermuda has come under the spotlight in a front-page article in the prestigious New York Times highlighting the use of the Island by US hedge fund managers who have pumped millions into presidential campaigns. The article said that hedge fund magnate...

A beach bar is open for business — months after it would normally close for the off-season. The Tobacco Bay Beach Bar and Grill opened up shop because of a combination of warm weather and a high number of tourists in St George’s. Bar manager Stefano ...

A total of 2,000 shares worth $8,080 traded on The Royal Gazette/BSX Index on the last day of the year. Insurance firm Argus, the sole mover, was up nine cents (2.27 per cent) at $4.04 after 2,000 shares moved. The Royal Gazette/BSX closed up 1.77 po...

A sizeable number of Bermuda insurers and reinsurers have opened offices in the Dubai International Financial Centre in the United Arab Emirates. This month a further three Bermuda-based companies joined the list; Axis, Partner Re and Qatar Re. The ...

Personal finance website GOBankingRates has labelled Bermuda a tax haven. The Island features in an article highlighting the top ten tax havens worldwide. Bermuda figures at number seven on the list, alongside the Cayman Islands, the Bahamas and Jers...

Bermuda’s business chiefs will be out in force at next month’s World Captive Forum. The event, to be held in Florida, will include several speakers from Bermuda including lawyers, regulators and business leaders. And Bermuda delegates will use the ev...

A total of 10,000 shares worth $103,152 today traded on the Bermuda Stock Exchange. Financial-services holding company Somers Ltd, which owns Bermuda Commercial Bank, dropped $1.25 (8.77 per cent) to $13 after 4,000 shares traded. Watlington Water we...

KeyTech Group of Companies made a loss of $3.1 million for the six-month period that ended on September 30. This compared with a loss of $19.9 million for the same period in 2014. When normalised for the loss on the sale of Bermuda Telephone Company,...

US Democratic presidential hopeful Bernie Sanders has pledged a crackdown on tax avoidance involving Bermuda and other offshore jurisdictions. Mr Sanders, currently trailing Hillary Clinton in the race for the nomination as presidential candidate, ma...

Company directors would be better positioned to make decisions in a fast-changing world if they consult with an “under-25 mentor”. That is the view of Charlotte Valeur, a corporate governance adviser, who believes that understanding how young people ...