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Opinion Writer

"Competitiveness: Is it time we addressed the elephant in the room?"

(Second of two parts) Unit labour cost (“ULCs”) is a well-known measure of international competitiveness which combines labour cost and productivity into a single measure. In general, unit labour costs show how much output the economy receives relati...
Aug 05, 2013
Other

"Small decline in retail sales"

Total retail sales in June 2013 decreased 0.9 percent with consumers spending an estimated $90.4 million on retail goods during the month. Retailers of service stations experienced the largest increase in sales of 4.4 percent. In contrast, retailers ...
Jul 31, 2013
Other

"AXIS Capital reports quarterly operating income of $50 million"

AXIS Capital Holdings Limited stated today that reported net income available to common shareholders for the second quarter of 2013 was $72 million, or $0.62 per diluted common share, compared with $168 million, or $1.35 per diluted common share, for...
Jul 31, 2013
Other

"RenaissanceRe reports net quarterly income of $26.8 million"

RenaissanceRe Holdings Ltd. today reported net income available to RenaissanceRe common shareholders of $26.8 million or $0.60 per diluted common share in the second quarter of 2013, compared to $142.3 million or $2.75 per diluted common share in the...
Jul 31, 2013
Other

"Where do we go from here?"

The global financial system clearly looks better than it did just a few years ago when the world’s largest banks and many governments found themselves in deep trouble in the midst of the worst recession since the Second World War. But lately conditio...
Jul 30, 2013
Other

"Increase in Company incorporations announced"

Speaking in the House of Assembly today, he noted that the spike in numbers is a tangible sign that Bermuda’s economy is improving. Minister Gibbons said, “Since the beginning of the year we are seeing some very encouraging signs of a growth in comp...
Jul 30, 2013
Other

"West Hamilton Holdings reports slight earnings decrease"

A new tenant and increased occupancy in a parking facility helped offset a decrease in rental income for West Hamilton Holdings, President J Michael Collier reported today. The Bermuda Stock Exchange-listed company, whose main holding is the Belveder...
Jul 30, 2013
Local Business

"Inflation up 0.2 percent for June"

The Consumer Price Index (CPI) for June reported that consumers paid 1.9 percent more last month than they did a year ago for the basket of goods and services included in the calculation for the index. The rate of inflation increased 0.2 percentage p...
Jul 29, 2013
Court

Pitt & Co told to amend $1m claim against Whites

Chief Justice Ian Kawaley sent the plaintiffs in the $1 million Civil Court case against Gary and Michael White back to the drawing board. Following a hearing in chambers yesterday, Justice Kawaley gave Pitt & Company 14 days to re-amend their pleadi...
Jul 27, 2013
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