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Bermuda is the best place for multinationals to operate based on cost and speed of operation, a new report reveals. The island ranked ahead of second-placed Luxembourg and third-ranked Germany based on data compiled by entity portfolio management org...

Companies are turning to new and emerging technologies in order to protect market share, a new report by professional services firm KPMG International reveals. But more than 40 per cent of survey respondents said a lack of capable talent is the bigge...

The Financial Action Task Force has retained Barbados, Cayman Islands and Jamaica on the Grey List, citing strategic deficiencies in their countering of money laundering, terrorist financing and proliferation financing. The decision came from the rep...

A Dutch fintech firm that is proposing to set up a top holding company in Bermuda has reported a third quarter normalised net profit of €34.5 million. The year-to-date normalised net profit is €116.6 million, the company said. Netherlands-based Flow ...

24 Exchange, a multi-asset class trading platform, has posted record daily foreign exchange non-deliverable forward trade volume of nearly $1.5 billion, the organisation reported. The $1.476 billion volume on October 21 meant that trading during the ...

Crystal Cruises, which was left high and dry after its parent company sought court protection in Bermuda, is to sail again under new ownership. The operator of three ocean cruise ships and five river ships closed its offices on February 11, a week af...

Nabors Industries Ltd, the Bermudian-based energy driller, has reported that its third-quarter operating revenues jumped by 10 per cent and the company cut its quarterly loss to $14 million in the period. Nabors said operating revenues were $694 mil...

Carnival Holdings (Bermuda) Limited, a subsidiary of Carnival Corporation & plc, has closed its private offering of $2.03 billion of senior priority notes due in 2028. The company said it expected to initially use the net proceeds of the offering to ...

A Dutch fintech firm with global ambitions is proposing to set up a top holding company in Bermuda. Netherlands-based Flow Traders NV is a global financial technology-enabled liquidity provider in financial products, historically specialised in excha...

Seadrill Ltd, the Bermudian-based offshore drilling company, has entered into binding share purchase agreements under which it will sell its entire 35 per cent shareholding in Paratus Energy Services Limited -- formerly Seadrill New Finance Ltd -- an...