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Bermudian-based oil tanker operator Frontline Ltd is continuing to grow its fleet after profits plunged in the first quarter. The company announced net income of $27 million for the first three months of the year and a cash dividend of 15 cents per s...

NEW YORK (Bloomberg) – Bermuda Premier Michael Dunkley said the island will be able to attract businesses even as US President Donald Trump plans to reduce tax rates to help keep companies onshore. “One of the things that I find very comforting about...

Billionaire Michael Bloomberg told a gathering of senior US business leaders yesterday that Bermuda plays a special role in the global economy. The three-term former New York mayor and founder of Bloomberg LP made the comment at an invitation-only fo...

The Bermuda Business Development Agency is to co-host a special live media event at Bloomberg headquarters in New York City next week featuring billionaire former New York mayor and part-time Bermuda resident Michael Bloomberg. The meeting will bring...

A batch of Bacardi-owned Bombay Sapphire gin has been recalled in Canada after it was found to have nearly double the alcohol content listed on the bottle. Up to 6,000 bottles of the gin, famous for its distinctive blue bottle, are thought to have be...

Island-based oil tanker operator Nordic American Tankers Ltd this morning reported a first-quarter loss of $3.4 million, after reporting a profit in the same period a year earlier. On a per-share basis, the company said it had a loss of 3 cents. Loss...

The former fiduciary arm of law firm Appleby has bought up a Channel Island administration company. Estera, hived off from Appleby in a management buyout in 2015, will now rebrand Guernsey-based Morgan Sharpe Administration to Estera Administration (...

Bermudian-based First Atlantic Commerce has launched a new online billing system in partnership with a firm from Costa Rica. FAC teamed up with Trambia, a Costa Rican tech firm, to introduce Fygaro — invoicing software with built-in security aimed at...

Financial services firm LOM made profits of more than $553,000 last year. The firm’s annual report said its net income increased 291 per cent on the previous year’s $141,528. The report said the firm had won new clients over the year ended last Decem...

Most major financial companies plan to increase partnerships with technology specialists over the next few years, a new report has revealed. Professional services firm PwC found that 82 per cent of global banks, insurers and investment managers expec...