583 results returned for search: "" category ("Economy" AND "Business")
Retail sales volume fell for the 39th straight month, driven by plummeting motor vehicle sales.
Sales dropped by 8.5 percent in volume and 6.1 percent in value during July as consumer demand weakened in four of the seven retail sectors.
Motor vehicle...
DATE: Sep 23, 2011
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CATEGORY:
Economy
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Bermuda-based Omega Insurance Holdings is now the subject of a three-war bidding war after Lloyd’s of London insurer Barbican yesterday announced a bid to buy nearly a quarter of the company.
Barbican’s 84p per share bid trumps that of Haverford (Ber...
DATE: Sep 23, 2011
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CATEGORY:
Economy
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By Jonathan Kent
Premier Paula Cox and joined former Premier Sir John Swan on a panel at a conference focusing on infrastructure in Miami yesterday.
The discussion marked the start of KPMG’s “Infrastructure Summit: An Island Perspective of a Global C...
DATE: Sep 23, 2011
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CATEGORY:
Economy
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The board of the Bermuda Chamber of Commerce felt that the decision to part ways with executive director Diane Gordon was in the best interests of the Chamber and its members.
That is according to Chamber president Stephen Todd, who said that the Cha...
DATE: Sep 19, 2011
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CATEGORY:
Economy
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WASHINGTON (Bloomberg) The Internal Revenue Service announced that 12,000 taxpayers have declared offshore bank accounts in the second round of a voluntary disclosure program that the agency says has yielded $2.7 billion overall.
IRS Commissioner Dou...
DATE: Sep 16, 2011
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CATEGORY:
Economy
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The cost of living in Bermuda held steady in July, as food and clothing prices dropped and rents came down further.
Consumers paid 2.8 percent more in July than they did a year ago for a basket of goods and services, according to the Statistics Depar...
DATE: Sep 16, 2011
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CATEGORY:
Economy
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WASHINGTON (Reuters) - The head of the International Monetary Fund yesterday urged advanced countries to take bold, coordinated action to break a vicious cycle of weak growth and high debt that threatens the global economy and has been worsened by dy...
DATE: Sep 16, 2011
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CATEGORY:
Economy
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Diane Gordon has left the Bermuda Chamber of Commerce, it was announced by the Chamber yesterday.
No explanation of the former executive director’s departure was given, with the statement saying only that she was no longer employed by the Chamber.
“M...
DATE: Sep 16, 2011
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CATEGORY:
Economy
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Concern about Bermuda’s political environment was one of the reasons that companies decided to move away from the Island over the past four years, but no longer so.
That is the view of Mark Byrne, the founder of Class of 2005 start-up Flagstone Re, s...
DATE: Sep 16, 2011
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CATEGORY:
Economy
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Government is expected to soon announce an operator for its valuable satellite orbital slot in space.
The Ministry of Environment, Planning and Infrastructure Strategy has revealed more details about a potentially lucrative deal with a company to pla...
DATE: Sep 12, 2011
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CATEGORY:
Economy
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