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“Utility tokens” is set to be a buzzphrase in Bermuda in 2018 as the island increases its presence in the world of digital assets and blockchain technology. With the Bermuda Government stating its intention to embrace new technologies and opportuniti...

Bermuda’s move towards embracing cryptocurrency and blockchain technologies has been welcomed by the man who brought leading fintech innovators and thinkers to the island this year. And Stan Stalnaker believes Bermuda can become the world’s first dig...

Billionaire investor Michael Lee-Chin sees a bright future for Bermuda — a view he has backed with hard cash in the form of his purchase of a controlling interest in Clarien Bank. The charismatic Jamaican-born chairman of Canadian firm Portland Holdi...

Somers Ltd, owner of Bermuda Commercial Bank, said net income fell nearly 40 per cent to $19.4 million for the year ended September 30. The financial-services holding company with interests in the UK, Australia and Ireland said BCB had made a $1.1 mi...

Shares of Bermudian-based Nordic American Tankers lost more than a quarter of their value yesterday after the company priced a share offering well below its market price. Low charter rates for oil tankers have hit the company’s bottom line in recent ...

Paul Scope has been elected as the new chairman of the Bermuda Business Development Agency. And insurance industry veteran Shelby Weldon has been appointed as a new director of the government-backed agency. Their appointments were among several chang...

Bitcoin surged past $9,000 for the first time, less than a week after topping $8,000 and taking its year-to-date rise to more than 850 per cent. The price of the largest cryptocurrency by market value is soaring as it gains greater mainstream attenti...

WASHINGTON (Bloomberg) — Senate Republicans tucked some multibillion-dollar tax increases for corporations into the 515-page tax Bill they released this week — spring-loaded hikes that would begin after 2024 if the economy doesn’t grow as fast as GOP...

David Burt, the Premier, will join more than two-dozen Bermuda executives in a multi-industry forum being held in London next week to showcase the island’s global business market. Organised by the Bermuda Business Development Agency, the one-day eve...

David Burt, the Premier, said he welcomes the UK Government’s proposal for a new tax on digital revenues — which he expects to impact some Bermuda entities. In his Budget statement yesterday, Philip Hammond, the British Chancellor of the Exchequer, s...