75926 results returned for search: "" category "Business"
The following commentary, compiled by the Institute for Risk Management Bermuda Group, examines the implications for the Island of the Foreign Account Tax Compliance Act (FATCA) legislation enacted by the United States.
Back in June 2012 the Institu...
DATE: Feb 11, 2014
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CATEGORY:
Other
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Shipping firm BCL has suspended plans to change its US port to Philadelphia after a labour dispute broke out between dock workers and management at the US port.
Now the firm’s MV Oleander will continue to ship goods from New York/New Jersey’s Port El...
DATE: Feb 11, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Bermuda Stock Exchange climbed 0.23 or 0.01 percent after a busy week of trading.
Some 254,464 shares changed hands at a value of $702.781.75.
Bank of Butterfield Preference shares were down 11.90 after five traded, closing at 1,188.00. Bank of ...
DATE: Feb 10, 2014
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CATEGORY:
Bermuda Stock Exchange
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NEW YORK (AP) — Tower Group International chairman, president and CEO Michael Lee has resigned to pursue personal and other career opportunities.
The Bermuda-based insurance and reinsurance holding company named board member Jan Van Gorder as chairma...
DATE: Feb 10, 2014
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CATEGORY:
Reinsurance
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Bosses at TV station WOW have hit out at speculation the firm is to close.
WOW president and CEO Stanley Wright said that bloggers had suggested the station might shut up shop after The Royal Gazette revealed that Government was set to buy out its ba...
DATE: Feb 10, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda-based White Mountains Insurance Group made $322 million last year — up $115 million up on 2012, according to its latest figures.
And the firm — which includes OneBeacon, Sirius Group and HG Global/BAM among its subsidiaries — reported an adju...
DATE: Feb 10, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Only a day after an industrial dispute that brought buses and ferries to a standstill was resolved, Government met with union leaders and employers groups to continue discussions on shared sacrifice.
The Tripartite Economic Committee gathered on Frid...
DATE: Feb 10, 2014
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CATEGORY:
Economy
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AUTHOR:
Owain Johnston-Barnes
Bermuda’s biggest bank has admitted it quizzes customers who take out large amounts of cash on what they want it for.
HSBC said it routinely asks questions of people before it hands over their money to cut down on the risk of money-laundering or frau...
DATE: Feb 10, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Royal Gazette/Bermuda Stock Exchange Index remained unchanged on 1,255.75 today.
Among domestic-board companies, no stock changed value. Somers Ltd, owner of Bermuda Commercial Bank, was the only issuer to see trading activity with 3,000 of its s...
DATE: Feb 10, 2014
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CATEGORY:
Bermuda Stock Exchange
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Bermuda’s telecoms watchdog has slammed an advert by mobile firm Digicel that takes a swipe at rival Logic.
Now Regulatory Authority (RA) chairman Philip Micallef has written to Digicel chief Wayne Caines saying the ad is in “bad taste”.
The advert, ...
DATE: Feb 10, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
