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Petroleum product prices will rise on Tuesday, the Ministry of Finance has announced. Gasoline will rise 1.1 cents a litre, diesel will rise 2.6 cents a litre and kerosene will go up 2.9 cents a litre. Thus, maximum prices will be 214.10 cents a lit...

Thirty-four new insurers registered in Bermuda in the first half of this year — an increase of more than 40 percent over the same period last year. The Bermuda Monetary Authority announced that this is an increase on the 24 insurers who registered f...

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...

KeyTech Ltd were up 1.0 percent yesterday in trading on the Bermuda Stock Exchange, which saw 3,900 of the shares move at 6.01, an increase of 0.06. Bank of NT Butterfield Ltd also moved at an unchanged 1.37. A total of 25,000 shares changed hands. ...

Thirty-four new insurers registered in Bermuda in the first half of this year — an increase of more than 40 percent over the same period last year. The Bermuda Monetary Authority announced that this is an increase on the 24 insurers who registered f...

The number of requests for data which UK tax authority Her Majesty's Revenue and Customs (HMRC) made to Crown Dependencies and Overseas Territories on possible tax evaders hit a record high last year, Tax-News is reporting. The publication says HMRC ...

Government plans to hold investor meetings in the US and Europe this week and next week ahead of a potential new international bond issue. Government has said it plans to borrow up to $800 million to cover budget deficits for the next three years. An...

Assured Guaranty, the Bermuda-based bond-insurer downgraded by Moody’s Investors Service in January, has created a new unit to back the debt of American states and cities. Municipal Assurance Corp. was started with $800 million of cash and securitie...

Government hired banks to arrange investor meetings in the US and Europe ahead of a potential international bond issue. A Reuters report, citing one of the lead managers, said Bermuda, rated Aa3/AA-/AA-, has mandated Barclays and JP Morgan to arrange...

The Bermuda Monetary Authority said that it has signed the cooperation agreement with European Union (EU) Member States in relation to the Alternative Investment Funds Managers Directive (AIFMD). This means that new and existing Bermuda-based funds ...