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 ...
There are new concerns in Bermuda’s international business and insurance community about what the latest OECD proposal for cracking down on corporate tax-avoidance could potentially mean for the Island.
The 40-page report, backed by the G20 on Friday...
The Bermuda Stock Exchange closed unchanged yesterday, holding steady at 1,140.98. Only Bank of NT Butterfield Ltd shares moved, and 1,300 changed hands at 1.40.
The Organization for Economic Cooperation and Development has proposed a plan for cracking down on tax-avoidance strategies by companies such as Google, Apple and Yahoo!
This follows hearings in the US and UK revealing how companies avoided billions ...
LOM (Holdings) Limited has announced a share repurchase programme.
In a filing with the Bermuda Stock Exchange, LOM said that at the company’s Annual General Meeting on Tuesday, the Board authorised management to purchase up to 100,000 shares for can...
TORONTO (Reuters) — Canada's main stock index slipped on Tuesday as a slump in shares of Potash Corp following disappointing results from rival fertiliser company Mosaic Co offset gains in gold-mining stocks.
The Toronto Stock Exchange's S&P/TSX comp...
The US Treasury Department says it will postpone enforcement of a new law that cracks down on offshore tax avoidance by Americans by six months to give foreign banks more time to figure out how to comply.
The Foreign Account Tax Compliance Act, or FA...
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of June 2013, they purchased for Treasury 415,297 common shares at an average price of $1.399 per share.
In addition, in June the ...
Investors are scrambling and yanking billions from US bond funds since the Federal Reserve rattled markets with its plan to end the central bank’s unprecedented asset purchase programme. According to research firm TrimTabs Research, mutual funds and ...
Another global company has come under the microscope for a being a tax resident in Bermuda a company already mired in controversy.
The Irish Times reported that Monsanto Finance Holdings Ltd, an Irish-incorporated company with an address on Lower Hat...
Ridden with mould, dust and mildew, an air conditioner’s (AVAC) filter can be a shocking sight — but what goes on inside the unit can be worse still, according to Mohamed Hamza of Power Savers, a three-year-old company whose services include cleaning...
