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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...

HOUSTON (Bloomberg) — Nabors Industries fell the most in more than two months after the world’s largest land-rig owner missed analyst estimates partly due to pricing discounts handed out to several customers during the oil industry’s worst financial ...

The European Union has introduced new data protection laws that will have implications for many Bermuda companies that do business in the 28-country bloc. The new General Data Protection Regulation, which was approved by the European Parliament last ...

Bermuda’s decision to sign up to a country-by-country reporting agreement for multinational companies could be used to target shell companies using the island for tax avoidance. Bradley Kading, president and executive director of the Association of B...

A regulatory expert from professional services firm PwC is to speak at a Bermuda-based international conference today. Anthony Conte, asset and wealth management regulatory leader at PwC US, will discuss cybersecurity for investment advisers at the R...