3096 results returned for search: "" category "International Business"
LONDON (Bloomberg) Todd Kozel, the founder and chief executive officer of Bermuda-domiciled Gulf Keystone Petroleum Ltd, said he may have to pay a $6 million fine to US tax authorities because he didn’t declare overseas accounts and trusts.
The penal...
DATE: Dec 10, 2011
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CATEGORY:
International Business
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Each hedge fund manager that sets up in Bermuda is potentially worth around $5 million to the Gross Domestic Product and around ten jobs.
That’s the view of Ernst & Young partner Jessel Mendes, who believes the Island has the potential to substantial...
DATE: Dec 08, 2011
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CATEGORY:
International Business
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The Cayman Islands has thrown down the gauntlet to Bermuda stating that they are actively looking to attract the reinsurance industry away from Bermuda with immigration incentives and a targeted marketing campaign focusing on the Island’s reinsurers....
DATE: Dec 08, 2011
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CATEGORY:
International Business
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A US judge has dismissed claims brought against PricewaterhouseCoopers Bermuda (PwC Bermuda) and others by foreign investors who had invested in funds that in turn had invested with convicted fraudster Bernard Madoff.
The case was thrown out by Judge...
DATE: Dec 01, 2011
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CATEGORY:
International Business
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A raft of measures which will have a significant impact on Bermuda’s international business sector have been proposed by Government.
The Companies Amendment (No 2) Bill 2011, which outlines a number of changes to the Companies Act 1981, was tabled by...
DATE: Nov 29, 2011
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CATEGORY:
International Business
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Bermuda’s latest target market of the Islamic finance industry was the focus for a delegation from the Island who travelled to Bahrain this week for the 18th Annual World Islamic Banking Conference.
The conference, which was held under the patronage ...
DATE: Nov 24, 2011
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CATEGORY:
International Business
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Thousands of miles away and eight hours ahead, representatives from Bermuda are making a big push for a slice of a world financial market worth an estimated $1 trillion.
At the 18th World Islamic Banking Conference held in Bahrain this week, Busines...
DATE: Nov 23, 2011
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CATEGORY:
International Business
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The Canadian Finance Minister has approved the addition of the Bermuda Stock Exchange (BSX) to the list of designated exchanges under the Income Tax Act (Canada).
The news comes as the BSX and Business Bermuda prepare to stage the Third Annual Bermu...
DATE: Nov 17, 2011
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CATEGORY:
International Business
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South Africa was the latest destination for Business Bermuda as it flew out to Cape Town to attend the Hedge Funds World Africa conference earlier this week.
The event, which was held at the Grand Hotel, saw Business Bermuda host an exhibition booth ...
DATE: Nov 10, 2011
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CATEGORY:
International Business
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Government has no plans to scrap the 60/40 ownership rule altogether, and a main focus of the planned review would be relaxing the requirements for public companies in order to encourage more foreign investment in Bermuda.
And The Royal Gazette under...
DATE: Nov 08, 2011
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CATEGORY:
International Business
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