76407 results returned for search: "" category "Business"
The traditional, and the most frequently used, method for an overseas company to establish a presence in Bermuda is to do so by incorporating a Bermuda subsidiary.
There is, however, an alternative.
Generally, as a matter of Bermuda law, an oversea...
DATE: Jun 18, 2015
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CATEGORY:
Other
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Bermuda’s captive insurance industry will have to keep a close eye on international tax rules, an expert said yesterday.
Richard Irvine, tax leader at professional services firm PwC, said: “Captives in Bermuda will need to continue to monitor the eve...
DATE: Jun 18, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Financial services investment firm Somers Ltd yesterday posted a $7.5 million loss for the six months to the end of March.
The firm — which owns the Bermuda Commercial Bank (BCB) and investment firm Waverton — said that valuation losses and negative ...
DATE: Jun 18, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A new beauty and massage centre has opened for business.
Essentials@The Club — in the former Bersalon beauty salon — specialises in Thai treatments, some based on ancient techniques from the East.
The new venture is the brainchild of Gordon Gibbons a...
DATE: Jun 18, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Telecoms firm KeyTech was the most traded stock on The Royal Gazette/BSX.
A total of 26,700 shares in the firm were exchanged, however the share price remained unchanged at $2.80.
And 2,300 shares in insurance firm BF&M traded, moving its price down ...
DATE: Jun 18, 2015
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Raymond Hainey, Assistant News Editor
Investment firm Exor accused Bermuda takeover target PartnerRe of using “scare tactics” to boost votes for a rival bid by Axis Capital.
Yesterday’s move came after PartnerRe told preferred shareholders that the debt taken on by Exor as part of its $6...
DATE: Jun 17, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda has been named by the European Union as a country that is not doing enough to crack down on tax avoidance.
The Island was one of 30 countries on the list published by the EU’s executive Commission today.
“These tax havens cover the five conti...
DATE: Jun 17, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A total of 39,000 shares in insurance firm Argus changed hands on the Bermuda Stock Exchange today.
The trade saw Argus shares drop 24 cents (6.2 per cent) to $3.66.
And 930 shares in insurance company BF&M also moved, leaving its price up 45 cents ...
DATE: Jun 17, 2015
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CATEGORY:
Bermuda Stock Exchange
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Global drinks giant Bacardi is to set up a new marketing “centre of excellence” in Bermuda.
The Bermuda centre of excellence is one of two, with the other being based in London.
The Island operation will be headed by Mauricio Vergara, the chief marke...
DATE: Jun 16, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Butterfield Bank tumbled nearly 6 per cent to lead local stocks lower last week.
Shares of the bank slid to $1.60, a 52-week low, as 46,300 shares changed hands in Bermuda Stock Exchange trading.
The only other domestic-board issuer to trade was Wes...
DATE: Jun 16, 2015
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CATEGORY:
Bermuda Stock Exchange
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