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NEW YORK (Reuters) — A Bermuda-based investment fund and major shareholder of No. 3 Japanese brokerage Nikko Cordial Corp. said yesterday it will immediately place an order on the Tokyo Stock Exchange to sell all its 56.5 million Nikko shares at 1,90...

NEW YORK (AP) — Wall Street managed a moderate advance as a spate of takeover deals gave investors enough confidence to buy into the market despite a report showing that US manufacturing is more sluggish than expected.Investors drew support from big ...

With four rising stocks and no decliners the Royal Gazette / Bermuda Stock Exchange lifted 34 points (0.67 percent) to end the day at 5,108.31. The biggest gain was recorded by Bermuda Commercial Bank as its shares improved in value by 75 cents (8.6 ...

An increase in gas station pump prices and more expensive airfares were key to sending Bermuda’s monthly inflation rate to 3.1 percent, up from January’s 2.8 percent. The Island’s inflation rate is higher than the US and Canada, where it is 2.4 perce...

NEW YORK (Bloomberg) — Refco Inc.’s former president Tone Grant was “fully briefed” on a massive fraud by his bosses, former chief executive officers Phillip Bennett and Santo Maggio, prosecutors said in a new court filing.Grant, Bennett and ex-Refco...

A new internet gadget being introduced to Bermuda by CellularOne during the next few weeks will allow customers to go down to the beach and create their own internet “hotspot” to access the web — along with any number of friends who happen to bring t...

Small-time entrepreneurs can get their first taste of buying and selling with the creation of a monthly upscale flea market at a church hall in Smith's. The first market took place on Saturday with around a dozen stall holders selling items ranging f...

AIG Specialty Excess, an umbrella and excess casualty underwriting unit of the AIG Companies, has announced it has increased its capacity of excess liability insurance for public entities to $25 million from $15 million. In response to the varied ins...

Novy Neft Limited has de-listed from the Bermuda Stock Exchange pursuant to it having received redemption notices for all the outstanding shares of the Fund, according to a statement from the Exchange.

Interest is still high among corporations in setting up captive insurers in Bermuda, despite growing competition from rival domiciles in the US. But competition in the industry is heating up, as more US states pass laws aimed at making themselves dom...