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Recently the US dollar has surged. Its gain versus a basket of major currencies since the beginning of July as measured by the US Dollar Index ‘DXY’ is almost nine per cent as of this writing. Most of this appreciation has come at the expense of the ...

Two weeks ago Alibaba (‘BABA’), China’s biggest e-commerce company, marked the biggest IPO (initial public offering of shares to the public) in history. The company raised some $25 billion (Visa was second at $19.7 billion in March 2008). This huge I...

Budding young stock pickers can try their hand at building up a nest egg in the KPMG Senior School Investment Challenge — with $20,000 in prizes up for grabs. Professional services firm KPMG is looking for teams from Island schools to invest a virtua...

The US Internal Revenue Service (IRS) is to take an American company with a Bermudian arm to court in a bid to tax a $357 million loan. And — if the US taxman is successful — the case could have wide-reaching implications for other major US firms th...

Business opportunities for entrepreneurs in blue (water-related) and green industries are the focus of a Bermuda Economic Development Corporation (BEDC) seminar moderated by Jack Ward, who is the president of Bermuda Environmental Consulting, Ltd and...

The Bank of N.T. Butterfield & Son Limited unveiled the island’s first multi-currency ATM in the refurbished international departure lounge at L. F. Wade International Airport. A press release announcing the installation of the ATM, which is located ...

Dear Dave — Some friends recently offered me a timeshare. It’s an older place on the beach, and they’ve had it for about 20 years. I’d have to pay a transfer fee of $100, plus a yearly association fee of $500. I know you’re not a big fan of timeshare...

Anyone who travels is aware the major air carriers have gotten a bit greedy in recent years. Despite sluggish real wage growth and elevated unemployment levels, most airlines continue to whack customers with high fares and extra costs. Carriers are c...

Bermuda’s representative in the US has launched a defence of the Island’s tax system. And head of Bermuda’s Washington DC office Cheryl Packwood appealed for US legislators to treat Bermuda as an ally and economic partner — not a tax haven. “Unlike t...

“Well, I have a message for the Scots: Be afraid, be very afraid. The risks of going it alone are huge. You may think that Scotland can become another Canada, but it’s all too likely that it would end up becoming Spain without the sunshine.” - Paul ...