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WASHINGTON (Reuters) - Soaring oil prices and inflation in emerging economies pose new risks to global recovery but are not yet strong enough to derail it, the International Monetary Fund said yesterday. The global lender’s latest assessment of world...

Bermuda-domiciled investment bank Lazard Ltd has hired former British Cabinet Minister Peter Mandelson as a senior adviser. Lord Mandelson, who now sits in the House of Lords, held four different Cabinet posts under the governments of Tony Blair and ...

The amount of Bermuda dollar cash in circulation over the coming holiday weekend will be $129.7 million a decrease of 6.7 percent compared to last year's total of $139 million. And the $8.6 million in Bermuda dollar notes and coins issued by the Berm...

The Bermuda Monetary Authority has extended the transition period for insurers to ensure their companies are fully compliant with the Insurance Code of Conduct to July 1, 2011. Subsequent to that date, the Authority will evaluate insurers’ compliance...

Insurance companies who fail to pay annual fees on a timely basis to the Bermuda Monetary Authority will now be subject to penalty charges under regulations approved by the House of Assembly. The Bermuda Monetary Authority (Regulatory Fees) Amendment...