76407 results returned for search: "" category "Business"
Just three months into Government’s fiscal year, the costs of servicing the enormous public debt have totted up to more than $840 per Bermudian man, woman and child. The figure is calculated by dividing Government’s total debt servicing costs equally...
DATE: Jul 01, 2015
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CATEGORY:
Other
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Two Bermudian students yesterday received scholarships in an awards ceremony hosted by the Ace Foundation — Bermuda.
Jacqueline Riley Correia was unveiled as the 2015 Robert Clements/Ace Scholar, while Shannon Davis was the 2015 ACE/Bermuda College E...
DATE: Jul 01, 2015
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CATEGORY:
Other
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Bakery firm Glaze is set to turn up the heat in Devonshire — with a drive-through option and longer hours.
For the firm — which opened its first store in Hamilton less than a year ago — has applied for planning permission to turn the former Howard’s ...
DATE: Jul 01, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Designer Rene Hill has stitched up a major cut of the market in clothes alterations.
Now she’s had to take a studio space in Hamilton and leave her job as in-house tailor at a Hamilton clothes store last month to cope with demand.
She has also had to...
DATE: Jul 01, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
The chairman of Bermuda professional services firm EY stepped down yesterday after nearly 40 years with the company.
The firm said Gil Tucker, made chairman last year after seven years as managing partner, had decided to retire.
Now EY has announced ...
DATE: Jul 01, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance firm Ace has agreed to buy out a major US-based insurer in a $28.3 billion deal.
The move means Ace, which has an office in Bermuda, will have a 70 per cent stake in New Jersey-based Chubb after the deal closes.
The new firm will use the Ch...
DATE: Jul 01, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A total of 13,500 shares in the Bank of Butterfield changed hands on The Royal Gazette/BSX.
The trade left the bank’s price unchanged at $1.65.
The Royal Gazette/BSX also closed unchanged at 1,193.97.
The BSX Insurance Index was up 26.24 points (1.68...
DATE: Jul 01, 2015
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CATEGORY:
Bermuda Stock Exchange
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Bermuda-based Meritus Trust Company Ltd has been shortlisted for the “Independent Trust Company of the Year” category of the 2015/2016 Society of Trusts and Estate Practitioners (STEP) Private Client Awards.
STEP is the leading worldwide professiona...
DATE: Jul 01, 2015
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CATEGORY:
International Business
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A Bermuda company has a $2 billion plan to lead the Island to energy independence within ten years.
The ambitious project, which aims to give the Island an electricity supply fuelled entirely by renewable sources, has been in the works for two years....
DATE: Jun 30, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Shares of Bermuda-based bond insurer Assured Guaranty plunged more than 13 per cent in New York trading yesterday after Puerto Rico’s Governor described the island’s $72 billion debt as “unpayable”.
Assured had $4.9 billion of par exposure to Puerto...
DATE: Jun 30, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
