75985 results returned for search: "" category "Business"
Realtors say rents have fallen in the last five years, but according to the Consumer Price Index, they have actually risen every year since 2006, pushing inflation up.
This is because, ironically, rents for rent-controlled apartments went up during t...
DATE: Mar 09, 2012
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Other
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That powerful eruption on the sun that NASA warned could cause widespread damage to power grids, GPS systems and even aeroplane flights, ended up being not much to write home about. But scientists say more solar storms are sure to come.
The solar fl...
DATE: Mar 09, 2012
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Other
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Butterfield Bank shares traded on the Bermuda Stock Exchange yesterday, closing unchanged at $1.10 as 62,000 changed hands.
It was the day’s only trade on the BSX.
Overall the BSX closed unchanged at 1,018.13.
The BSX Insurance Index closed up 5.000,...
DATE: Mar 09, 2012
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CATEGORY:
Bermuda Stock Exchange
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In a deal worth $914 million, global banking giant HSBC has sold off its general insurance businesses in five different countries in an effort to get out of operations it no longer considers a core part of the bank.
French insurance company, Axa is ...
DATE: Mar 09, 2012
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CATEGORY:
International Business
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Global insurer Ace Ltd has received a bump in its ratings outlook.
Fitch Ratings yesterday said it has revised the company’s ratings outlook to ‘positive’ from ‘stable’.
The ratings firm’s actions reflect Ace’s continued strong operating performance...
DATE: Mar 09, 2012
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CATEGORY:
Reinsurance
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Travel + Leisure Magazine’s list of the World’s Best Hotels for 2012 is out and one Bermuda hotel is on it.
For the fifth year in a row, The Reefs was named one of the top hotels in the Caribbean. This year marks the tenth anniversary for the list an...
DATE: Mar 09, 2012
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Other
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More than 200 people showed up yesterday for the Bermuda FATCA Forum, hosted by KPMG.
Following closely on the heels of the Foreign Account Tax Compliance Act proposed regulations that were released by the US Internal Revenue Service, the interactive...
DATE: Mar 08, 2012
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CATEGORY:
Other
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Investors can hardly be blamed for being wary of the financial markets after the roller-coaster ride of the past few years.
HSBC Bermuda has teamed up with Standard & Poor’s to come up with a new investment product that is claimed to remove some of t...
DATE: Mar 08, 2012
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CATEGORY:
Other
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Apple Unveils iPad With Sharper Screen to Widen Tablet Lead
The new iPad will be available in US stores from March 16, but it could be a while longer before the hottest tablet in the market hits Bermuda.
People have been asking about the new iPad for...
DATE: Mar 08, 2012
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CATEGORY:
Technology
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French cafe Bouchee, known for their breakfast specials, has been bought by a new owner who is looking to bring more “ooh la la” to the menu.
Sara Masters, a trained chef and owner of catering company Flying Chef, bought the restaurant in January fro...
DATE: Mar 08, 2012
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CATEGORY:
Local Business
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