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The Island's three biggest domestic listed companies each saw millions wiped off their market value on Friday, as the Bermuda Stock Exchange Index plunged to its lowest point in nearly a decade. Both Butterfield Bank and Argus Group Holdings plunged ...

NEW YORK (Bloomberg) - American International Group Inc. (AIG), the insurer rescued by the US after losses on derivatives, said about 85 percent of the trades would be retired by year-end and the unit that sold the contracts would be shuttered. AIG's...

NEW YORK (Bloomberg) - Eliot Spitzer, the former New York attorney general whose 2005 curbs on insurance-broker compensation were reversed by regulators this week, said the fees that he banned "created inherent conflicts". Brokers Marsh & McLennan Co...

ASMARA (Reuters) - Eritrea granted a mining exploration licence to Bermuda-based Sahar Minerals on Friday as the Red Sea state continues its drive towards a highly anticipated mining boom, industry officials told Reuters. Sahar is the 16th foreign mi...

When you need to raise cash, no matter what government it is; no matter what politician proposes it, the fastest way to lose a popularity contest is to be the architect of tax increases. Trust me, no one, but no one likes to pay taxes. But, present t...

People are always looking for signs that things are going to get better, or at least a reliable indicator that any misery they're experiencing will eventually end. In winter, we turn to Punxsutawney Phil. It wasn't good news this year. Soon after the...

I have decided to resign from the human race, and thought you might like to know why. Some weeks ago, I wrote of plans in the UK to discontinue the use of cheques by 2018. I foolishly assumed that would mean that they would be in use until 2017. I wa...

Butterfield Bank yesterday plunged to its lowest level in almost 10 years, sending local stocks lower. The Royal Gazette / Bermuda Stock Index fell to its lowest point since October 2000 and dipped below 2,000 points for the first time since last Apr...

BC-EU--Romania-Fast Food Tax, 4th Ld-Writethru,0774 Romanians move to tax their once-beloved fast food AP Photo XVG107, XVG106, XVG105, XVG104, XVG103 BUCHAREST, Romania (AP) -- For post-communist Romanians a Big Mac and soda meant much more than a m...

NEW YORK (Bloomberg) — Google Inc.'s Buzz social-networking service might violate federal privacy laws a watchdog group said in a complaint to the US Federal Trade Commission yesterday. The Electronic Privacy Information Center, based in Washington, ...