49296 results returned for search: "" category ("Other" AND "Business")
A $2.4 billion deal to take over a telecoms company was the biggest deal struck in Bermuda in the last quarter of 2013, a top law firm said yesterday.
The buyout of CSL New World Mobility by Caymans-based HKT was the chart topper in a quarter that sa...
DATE: Feb 13, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
HSBC has slapped a new redemption fee of up to three percent on one of its money funds.
But HSBC said the charge would only apply in “exceptional circumstances” to avoid to a run on the funds in a financial crisis.
But one customer, who asked not to ...
DATE: Feb 12, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The introduction of a weekly ten percent discount at several grocers has not caused the stores to raise prices, according to Government.
Home Affairs Minister Michael Fahy said a recent report showed an “usual price increase” for some products, but t...
DATE: Feb 12, 2014
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CATEGORY:
Other
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AUTHOR:
Owain Johnston-Barnes
Minister of Finance Bob Richards will be the star speaker at the annual post-Budget breakfast held by the Chamber of Commerce.
Mr Richards — who will present the first full OBA Budget in the House of Assembly three days earlier — will explain his bl...
DATE: Feb 12, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The following commentary, compiled by the Institute for Risk Management Bermuda Group, examines the implications for the Island of the Foreign Account Tax Compliance Act (FATCA) legislation enacted by the United States.
Back in June 2012 the Institu...
DATE: Feb 11, 2014
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CATEGORY:
Other
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Bermuda’s biggest bank has admitted it quizzes customers who take out large amounts of cash on what they want it for.
HSBC said it routinely asks questions of people before it hands over their money to cut down on the risk of money-laundering or frau...
DATE: Feb 10, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Lower than expected catastrophe losses helped boost share value for Bermuda-based Platinum last year, the firm reported yesterday.
The firm had a net income of $223.3 million and diluted earnings per common share of $7.35 for 2013.
Platinum CEO Micha...
DATE: Feb 05, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Bermuda Stock Exchange saw 64,000 Bank of NT Butterfield shares move at 1.65, and 8,000 shares of Somers Limited change hands at 12.00, both unchanged.
KeyTech Ltd also saw movement with 200 shares changing hands at 5.45, down 0.05.
The BSX close...
DATE: Feb 04, 2014
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CATEGORY:
Other
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Bermuda-based insurance and reinsurance giant Validus Holdings has posted record figures for 2013, the company has revealed.
Validus announced a net operating income of nearly $579 million — a massive 73.3 percent increase on 2012’s $333.8 million.
A...
DATE: Feb 03, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda hotel has been named at the top destination in the Caribbean.
The Royal Palms Hotel in Pembroke won the coveted title from the world’s biggest travel site, TripAdvisor, in the 2014 Travellers’ Choice Awards.
Hotel manager Theresa Harney-Zui...
DATE: Feb 03, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
