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A decades-long rum war between the Communist Cuban government and Bermudian-based drinks giant Bacardi is to feature on a top US TV news show. CBS current affairs flagship 60 Minutes will on Sunday examine the fight for control of the Havana Club bra...

Google moved $15.5 billion to its Bermuda subsidiary last year, a 40 per cent increase on the amount it sent to the island in 2014. By doing so, it saved an estimated $3.6 billion in worldwide taxes, according to a report by Bloomberg. The figures co...

Biopharmaceutical firm Sellas has appointed financial management veteran Bill Pollett as its chief financial officer. Sellas, which develops immunotherapeutic products to treat a variety of cancers, said they were pleased to attract a CFO with Mr Pol...

The Bermuda Business Development Agency has appointed two new directors. Andrea Jackson, senior vice-president and trust relationship manager at Lombard Odier Trust Bermuda and Stephen Weinstein, senior vice-president and group general counsel at Ren...

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...