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KINSHASA (Bloomberg) — Democratic Republic of Congo’s state-run miner Gecamines said it wasn’t informed about the sale of one the country’s biggest copper projects by Freeport McMoran and it plans to investigate the deal in order to “assert its right...

The deputy managing director of Butterfield Bank’s Cayman operation has stepped up to the top job. Michael McWatt has taken over as managing director from Conor O’Dea, who has retired from the role. Michael Collins, CEO of the Butterfield Group, said...

Nordic American Tankers Ltd, the Bermudian-based oil tanker operator, has reported first-quarter earnings of $29.3 million. The company is in the process of acquiring four existing Suezmax tankers to add to its fleet, bringing its total number of tan...

Australia is to hit multinational giants with a new diverted profits tax to crack down on tax avoidance using jurisdictions like Bermuda. The new tax — to be introduced next year — will slap big companies with a 40 per cent tax on profits shifted off...

LONDON (Bloomberg) — Freeport-McMoRan Inc agreed to sell its Democratic Republic of Congo copper mine to China Molybdenum Co for $2.65 billion as the Phoenix-based company reduces debt racked up in the commodities boom. China Molybdenum will acquire ...

Bermuda yesterday figured in a list of more than 200,000 shell companies set up by a Panamanian law firm. Nearly 150 Bermuda entities are named in the massive leak of documents from Panama lawyers Mossack Fonseca, dubbed the Panama Papers. And the la...

The parent company of Bermuda Commercial Bank has made an investment in a British law firm that specialises in alternative assets such as hedge funds. Somers Ltd, a financial services holding company based in Bermuda, said today through a statement f...

Willis Towers Watson, the global advisory, broking and solutions company, which has offices in Bermuda, has reported first-quarter revenues of $2.2 billion. That total is an increase of 11 per cent compared to Willis and Towers Watson pro forma reven...

With the spotlight on offshore financial centres in the wake of the Panama Papers revelations, Stephanie Paiva Sanderson, corporate attorney and chairwoman of the Industry/Government Joint Committee on Fatca and the Common Reporting Standard explain...

Credit Suisse Group AG, the global investment bank, is using a Bermudian-based special purpose insurer as a vehicle for an innovative bond that would offload risk from events including rogue trading and cybercrime. The bond is reportedly similar to a...