Log In

Bermuda’s current account surplus in the fourth-quarter of 2015 was $204 million, down $38 million on the same period in 2014. The deficit on the goods account decreased $7 million to $223 million. There was a $49 million surplus in services transact...

The Royal Gazette/BSX closed down 6.45 points or 0.55 per cent at 1,177.04. Telecoms firm KeyTech dropped 25 cents or 7.1 per cent to $3.25 after 3,000 shares moved. The Bank of Butterfield fell 1 cent to $1.62, a 0.6 per cent decrease, after 1,000 s...

Nordic American Tankers Ltd, the Bermudian-based oil tanker operator, has reported first-quarter earnings of $29.3 million. The company is in the process of acquiring four existing Suezmax tankers to add to its fleet, bringing its total number of tan...

Australia is to hit multinational giants with a new diverted profits tax to crack down on tax avoidance using jurisdictions like Bermuda. The new tax — to be introduced next year — will slap big companies with a 40 per cent tax on profits shifted off...

Red sky. There is a sailor’s warning: “Red sky at night, sailor’s delight; red sky in the morning, sailor’s take warning!” After our storm on Saturday we had a beautiful red-and-pink sky as we approached sunset. Things held true and we had a most w...

Profits rose at Watlington Waterworks Ltd in 2015 as less rain fell. The company said profit attributable to shareholders was $2.19 million, up from $2.08 million in 2014. Revenue rose by $182,000 to $10.21 million, while administrative and expenses ...

Wildfires raging through Alberta are now expected to be classed as a “reinsurance event” with the natural disaster looking to be the costliest natural disaster in Canada’s history. The three largest local primary insurers have direct exposure that is...

Leicester City’s stunning Barclays Premier League triumph has brought joy to the hearts of football supporters everywhere — apart from certain Manchester, London and Merseyside postcodes. After all, everyone loves it when an underdog succeeds. It mak...

LONDON (Bloomberg) — Freeport-McMoRan Inc agreed to sell its Democratic Republic of Congo copper mine to China Molybdenum Co for $2.65 billion as the Phoenix-based company reduces debt racked up in the commodities boom. China Molybdenum will acquire ...

Bermuda yesterday figured in a list of more than 200,000 shell companies set up by a Panamanian law firm. Nearly 150 Bermuda entities are named in the massive leak of documents from Panama lawyers Mossack Fonseca, dubbed the Panama Papers. And the la...