49296 results returned for search: "" category ("Other" AND "Business")
Bermuda has won qualified jurisdiction status from the US National Association of Insurance Commissioners (NAIC).
The move means that reinsurers licensed and based in Bermuda will be eligible to be certified for reduced reinsurance collateral requir...
DATE: Dec 20, 2013
|
CATEGORY:
Other
|
AUTHOR:
Raymond Hainey, Assistant News Editor
The Bermuda Stock Exchange closed at 1,203.50, up 12.40.
Argus Group Holdings Ltd traded with 425 shares changing hands at 4.69, which is 0.69 up on previous trading.
DATE: Dec 20, 2013
|
CATEGORY:
Other
|
France has removed Bermuda from its tax blacklist, Finance Minister Bob Richards said today.
The move came after high-level talks between French officials and Finance Ministry staff.
Mr Richards said: “I was impressed by the goodwill shown by French...
DATE: Dec 20, 2013
|
CATEGORY:
Other
|
AUTHOR:
Raymond Hainey, Assistant News Editor
The $50 million Bermuda Government Bond has been given a AA- rating by ratings agency Fitch, it was announced yesterday.
Fitch said the rating was “in line with Bermuda’s long-term local currency issuer default rating (IDR) of AA- with a negative out...
DATE: Dec 19, 2013
|
CATEGORY:
Other
|
AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda Commercial Bank is set to buy and move into the LP Gutteridge Building in Hamilton.
The purchase of the bank’s new 29,000 sq ft home was revealed today in the earnings statement of its parent company Somers Ltd.
It comes after a solid year fo...
DATE: Dec 19, 2013
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
A massive $50 million Government bond has sold out, Minister of Finance Bob Richards said today.
Mr Richards added that more than two-thirds of the bond orders — aimed at raising cash to reduce the Island’s debt — went to smaller investors and 90 per...
DATE: Dec 19, 2013
|
CATEGORY:
Other
|
AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda today signed an agreement to report to the US on American citizens’ bank accounts on the Island.
The intergovernmental agreement brings Bermuda in line with the US Foreign Account Compliance Act (FATCA), passed by the US government in a bid t...
DATE: Dec 19, 2013
|
CATEGORY:
Other
|
AUTHOR:
Raymond Hainey, Assistant News Editor
Professional services firm PwC is to offer students a head start in the sector.
The global company has invited students attending or considering university to attend a special networking event on Friday.
PwC Bermuda director David Gibbons said: “In a...
DATE: Dec 18, 2013
|
CATEGORY:
Other
|
AUTHOR:
Raymond Hainey, Assistant News Editor
Santa Claus was one of the first international businesses — and now his brand has been valued at $1.6 trillion by a top UK analyst.
The global value of the Santa brand outstrips tech giants Apple — the biggest value brand on the planet this year — wh...
DATE: Dec 17, 2013
|
CATEGORY:
Other
|
AUTHOR:
Raymond Hainey, Assistant News Editor
A list of red-flagged countries with poor controls on money laundering and fraud has been highlighted by Government.
Attorney General Mark Pettingill said the list of “serious deficiencies” included totalitarian North Korea, and Iran, which the inter...
DATE: Dec 16, 2013
|
CATEGORY:
Other
|
AUTHOR:
Raymond Hainey, Assistant News Editor
