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For many people the stock market was already viewed as a casino and a giant gamble; its systems and processes opaque and nonsensical. The latest firestorm on High Frequency Trading (HFT) has not helped dispute this view. Lately the market has been bu...

Gasoline prices rose in April, up 1.6 cents a litre, the Finance Ministry has announced. As a result, the maximum gasoline retail price displayed on the pumps is 213.90 cents a litre, or $2.13.90. Diesel declined 0.2 cents a litre. Its maximum price...

By Bryan Dooley Over the past year or so, emerging market equities have been an investment pariah, regularly slammed on concerns of political upheaval, falling growth rates and financial imbalances. However, investors with a longer term time horizon ...

“The largest increase came in the health and personal care sector and remained the largest contributor to the 12-month rate of price increases at 7.7 percent.” The report added: “The food sector along with the transport and vehicles sectors also impa...

Bermuda’s AA- credit rating has been affirmed by Standard & Poor’s Rating Services — but the negative outlook on the rating remains in place. Finance Minister Bob Richards said he “expected” Standard & Poor’s affirmation of Bermuda’s long- and short-...

Government’s financial statements for the 2012/13 fiscal year have been given an unqualified audit for the first time in six years. The statements for the Consolidated Fund — Government’s general operating account — were tabled in the House of Assemb...

Bermuda-based fund administrator Meridian Fund Services has been acquired by an Island-based subsidiary of Japanese banking giant Mitsubishi UFJ Trust and Banking Corporation. The deal means Meridian, which has assets under administration of some ...

The UK-based developer of Washington Mall has been slammed for tax avoidance. The multibillion dollar Peel Group — which owns 40 percent of the Hamilton shop and office complex — has come under fire for using offshore registration to cut its tax bill...