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LONDON (Reuters) — Plastic card spending over Christmas hit a record high in Britain last year, with 250 transactions taking place every second.Spending on credit and debit cards reached a record $31 billion over the festive period, according to figu...

WASHINGTON (AP) — People once again spent everything they made and then some last year, pushing the personal savings rate to the lowest level since the Great Depression more than seven decades ago.The Commerce Department reported yesterday that the s...

LONDON (Reuters) — The number of corporate profit warnings in Britain rose to 51 in January from 39 over the same period last year, accountancy firm Ernst & Young said yesterday.Corporate insolvencies also rose by more than the 11 percent reported ov...

Catastrophe modelling company AIR Worldwide has announced that its current president and chief executive officer Karen Clark will step down and assume the role of vice-chairman of the board of AIR, from April 15. S. Ming Lee, currently the company’s ...

A day after falling seven percent Belco shares rebounded by 7.5 percent on the Royal Gazette/Bermuda Stock Exchange yesterday, improving in value by $1.75 after 1,000 shares were traded on another quiet day for the Exchange. Belco moved up to $25.00 ...

NEW YORK (AP) — Stocks climbed for the third straight day yesterday as an already buoyant Wall Street embraced robust consumer spending figures and largely overcame disappointment in Google’s profit report. Both the Dow Jones industrials and the Russ...

HONG KONG (AP) — Most Asian markets rallied Thursday, with Hong Kong shares rising sharply and Japanese stocks hitting a fresh nine-month high, led by gains in communication and Internet-related stocks.Australian and Singaporean stocks also closed at...

Former Appleby Spurling Bailhache partner Jerome Dill is to join post-Katrina start-up reinsurance company Validus Holdings. He will step into his new role with the Bermuda company the day after he officially leaves the law firm after a 21-year spell...

Bermuda?s tourism industry is in ?secular decline?, unrelated to the damage caused to it by Hurricane Fabian or the September 11, 2001 terror attacks in the US, according to global financial analysts Standard & Poor?s (S&P). And the agency says the I...

WASHINGTON (AP) — The Federal Reserve left interest rates unchanged yesterday but gave Wall Street a lift by expressing some relief at the prospects for inflation.The central bank voted to leave the federal funds rate, the interest that banks charge ...