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A day after falling seven percent Belco shares rebounded by 7.5 percent on the Royal Gazette/Bermuda Stock Exchange yesterday, improving in value by $1.75 after 1,000 shares were traded on another quiet day for the Exchange. Belco moved up to $25.00 ...

NEW YORK (AP) — Stocks climbed for the third straight day yesterday as an already buoyant Wall Street embraced robust consumer spending figures and largely overcame disappointment in Google’s profit report. Both the Dow Jones industrials and the Russ...

HONG KONG (AP) — Most Asian markets rallied Thursday, with Hong Kong shares rising sharply and Japanese stocks hitting a fresh nine-month high, led by gains in communication and Internet-related stocks.Australian and Singaporean stocks also closed at...

Former Appleby Spurling Bailhache partner Jerome Dill is to join post-Katrina start-up reinsurance company Validus Holdings. He will step into his new role with the Bermuda company the day after he officially leaves the law firm after a 21-year spell...

Bermuda?s tourism industry is in ?secular decline?, unrelated to the damage caused to it by Hurricane Fabian or the September 11, 2001 terror attacks in the US, according to global financial analysts Standard & Poor?s (S&P). And the agency says the I...

WASHINGTON (AP) — The Federal Reserve left interest rates unchanged yesterday but gave Wall Street a lift by expressing some relief at the prospects for inflation.The central bank voted to leave the federal funds rate, the interest that banks charge ...

With the prospect of a major hotel development for the Southlands Estate being constructed over the next three years, the time has come for Government to address the issue of who is going to help construct the hotel resort and who will ultimately be ...

Bermuda’s tourism industry is in “secular decline”, unrelated to the damage caused to it by Hurricane Fabian or the September 11, 2001 terror attacks in the US, according to global financial analysts Standard & Poor’s (S&P). And the agency says the I...

LONDON (Reuters) — Bermuda-based insurer Lancashire Holdings said yesterday that it did not expect to see any major impact on its business from new legislation passed in Florida last week.The law extended hurricane reinsurance coverage assumed by the...

NEW YORK (AP) — President Bush took aim yesterday at lavish salaries and bonuses for corporate executives, standing on Wall Street to issue a sharp warning for corporate boards to “step up to their responsibilities” and tie compensation packages to p...