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Tougher international rules to combat money-laundering and other crime have hit Bermuda bank customers, the Island’s banking industry body said yesterday. The Bermuda Bankers’ Association (BBA) said that banks are now asking for additional informatio...

Retailers are today bracing themselves for a Black Friday business bonanza. Businesses are geared up with special offers and longer opening hours as a flood of shoppers is set to descend on stores from the early hours. Paula Clarke, who represents th...

A total of 40,581 shares worth $172,919.97 traded on The Royal Gazette/BSX. The Bank of Butterfield dropped one cent (0.5 per cent) to $1.99 after 31,800 shares sold. And the bank’s preference shares also fell, down $4.99 (0.4 per cent) to $1,130 aft...

Bermuda has won a coveted financial gold star from the European Union. The Island has been awarded full equivalence under the tough EU Solvency II regulations by the European Commission after six years of work. The move means Bermuda and Switzerland ...

Anyone who is an entrepreneur, or would like to become one, is invited to join the second StartUp Weekend to be held in Bermuda. The Bermuda Government-sponsored e-commerce initiative aims to promote the ideas of promising business leaders. It starts...

A new café will open its doors today inside AS Cooper & Sons main department store on Front Street. It has taken six months to create Somers’ Café on the first floor of the building. It enjoys sweeping views of Hamilton Harbour and has seating for 36...

A top executive at JLT Re has moved to Bermuda from the firm’s London operation. Nick Duffin has joined JLT Re Bermuda as a partner, after working for the British arm for three years. JLT Bermuda partner Charles Withers-Clarke said: “Nick will contin...

People aged 55 and over are the “lost generation” of the pensions world, an expert warned yesterday. Miguel DaPonte, senior vice-president for BF&M Investment Services, said: “It’s difficult to say because we get a range of individuals who come in, b...

Bermuda has been in the spotlight in Australia as senators examine the tax affairs of big business. An Australian senate committee set up to look at the tax affairs of major companies heard that oil giants Chevron had 200 companies registered in Berm...

Retail sales rose for the thirteenth month in a row in September, according to the latest Government statistics. The year-on-year headline figure rose by 2.5 per cent, but, after adjustment for inflation, stood at 1.4 per cent. And vehicle sales notc...