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Bermuda is “the world’s worst corporate tax haven”, according to a report due to be released today by Oxfam. The global charity found that US multinational companies reported $80 billion in profits in Bermuda in 2012 — more than their profits reporte...

A manufacturer of generic drugs has listed around $1.2 billion of debt on the Bermuda Stock Exchange. Endo International, whose corporate base is in Ireland, placed the 6 per cent notes, due in February 2025, through Endo Finance Issuers. Greg Wojcie...

The millennial generation around the world is set to inherit trillions of dollars over the next few years — and an expert warned yesterday they will want ethical investments. Gina Pereira, of Toronto-based Dana Philanthropy, said: “Younger people, wh...

Bermuda’s growing asset management industry has a great opportunity for further expansion — particularly in the areas of insurance-linked securities and private equity. That was the one of the takes from the EY Hedge Fund Symposium that took place in...

Many traditional shipping names will disappear as a result of a shake-up in the container ship industry, brought about by overcapacity, slower global trade and a widened Panama Canal. That is the view of Jens Alers, group director of Bernhard Schulte...

Seadrill Ltd’s earnings beat forecasts as the Bermudian-domiciled offshore rig company controlled by billionaire John Fredriksen continues to cut costs and sees signs of improvement in a challenging market. Third-quarter earnings before interest, tax...

Bermuda’s social fabric is “fragile” and its future prosperity depends on collaboration between the business sector and all segments of the community. That was the message from Patrick Tannock, chairman of the Association of Bermuda International Com...

A biopharmaceutical company with cancer treatment drugs in development that has relocated from Switzerland to Bermuda expects its on-island staffing level to eventually be in double-digits. Sellas Life Sciences Group has started the process of assemb...

Be prepared for a period of stagflation in the US, a Wall Street veteran warned an audience of asset management professionals in Southampton yesterday. Joesph McAlinden said inflationary pressures in the US are building up and this is likely to lead ...

Hundreds of fund managers and investors will descend on the Fairmont Southampton this week for the third holding of the Global Fund Forum. The event brings together those who manage money and those who are looking to get a return from their capital f...