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Bank of Butterfield and Ascendant Group were movers yesterday, but the trades did not affect the BSX index, which closed unchanged at 1,151.00.
Butterfield shares traded at 1.40 with a volume of 6,700, and Ascendant moved at 11.01 with 62 changing ha...
DATE: Jun 19, 2013
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CATEGORY:
Bermuda Stock Exchange
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A billionaire investor and his family’s Bermuda’s IAT Reinsurance are suing the US Internal Revenue Service for refunds of $186 million in taxes and interest they paid after the IRS revoked IAT’s tax-exemption retroactively.
Forbes reports that in co...
DATE: Jun 19, 2013
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CATEGORY:
International Business
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A leading UK economist and columnist for the Financial Times has come to Bermuda’s defence in the growing tax avoidance debate.
Under the headline “Don’t blame the havens tax dodging is everyone else’s fault”, John Kay writes that the week’s Group of...
DATE: Jun 19, 2013
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CATEGORY:
International Business
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Chief Justice Ian Kawaley has taken Conyers Dill & Pearman and one of its attorneys to task after neither the firm nor its client turned up for a trial involving a company caught in the Madoff fraud.
In a stern ex tempore costs ruling, Chief Justice...
DATE: Jun 18, 2013
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CATEGORY:
Local Business
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A billionaire investor and his family’s Bermuda’s IAT Reinsurance are suing the US Internal Revenue Service for refunds of $186 million in taxes and interest they paid after the IRS revoked IAT’s tax-exemption retroactively.
Forbes reports that in co...
DATE: Jun 18, 2013
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CATEGORY:
International Business
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In the beginning of the film Meet Joe Black, Bill Parrish, a communications company mogul, shares his hopes for his daughter.
He tells her that he wants her to “be deliriously happy or at least leave [herself] open to be.”
I can’t think of many par...
DATE: Jun 18, 2013
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CATEGORY:
Local Business
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Freisenbruch-Meyer Insurance Services Ltd (FMIS) says it will no longer provide individual and group health insurance.
However, their health insurance customers need not experience a lapse in coverage, and there has been no loss of jobs, the company ...
DATE: Jun 18, 2013
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
The Bermuda Stock Exchange ended the week down 0.48 percent, or 5.54, at 1,151.00.
Some 56,550 Butterfield shares traded, the bank’s shares ending Friday at $1.40.
Ascendant Group shares declined 5.9 percent, closing the week at $11.01 as 6,600 chang...
DATE: Jun 18, 2013
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CATEGORY:
Bermuda Stock Exchange
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Dr Grant Gibbons, Minister of Economic Development, will join a Bermuda delegation to attend a series of meetings in London as well as the annual Trading Risk Awards Dinner on June 20.
A Government press release stated that Dr Gibbons will join repre...
DATE: Jun 18, 2013
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
Monster.com, the worldwide leader in successfully connecting people to job opportunities and flagship brand of Monster Worldwide announced the results of a global poll revealing that more than 50 percent of respondents indicate they are trying to swi...
DATE: Jun 18, 2013
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CATEGORY:
Local Business
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