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The downgrade of Bermuda’s credit rating by Fitch will cost taxpayers $15.5 million in extra interest payments on this week’s Government bond issue, according to the opposition One Bermuda Alliance (OBA). In a press conference today, Shadow Finance M...

Government yesterday raised nearly half-a-billion dollars in a bond sale that was four-times oversubscribed. The mostly international investors who bought the $475 million of ten-year notes will be paid an interest rate of 4.13 percent. Last night t...

Ratings agency Fitch yesterday downgraded Bermuda’s sovereign bond rating to AA from AA+, citing concerns over rapidly rising public debt and giving a bleak economic outlook for the Island. The one-notch downgrade reflects Bermuda’s weak macroeconomi...

Bermuda is on track to win Solvency II equivalence, says the Bermuda Monetary Authority (BMA) following high-level talks with European Commission officials in Brussels earlier this month. The BMA is also optimistic that exemption of Bermuda’s captive...

Government is gearing up for another huge bond issue to raise cash to fund current expenses and service existing debt. Financial sources we spoke to said the meetings Government revealed this week it was having with potential local and international ...

Inflation slipped in April from the previous month, but consumers are still paying 2.5 percent more for goods over last year. April’s inflation rate is 0.3 percent less than March. According to the Consumer Price Index (CPI) report, the health and pe...

When governments intervene to try to temper the natural ups and downs of the economic cycle, the result can be a mess. That’s the view of Nobel laureate Dr Myron Scholes, who said in an interview yesterday that calls for more intervention in the US,...

The financial markets have historically gone through investment product fads. I previously wrote about how hedge funds are having a very difficult time delivering sustainable positive performance given their popularity and explosive growth. Technolog...

More borrowers are struggling to make loan repayments as the ongoing economic downturn bites deeper into household budgets. The latest figures from financial regulator the Bermuda Monetary Authority show a marked increase in loan impairments in the f...

Investors should be cautious about venturing into the stock markets right now, but in the long term equities should make up the majority of an investment portfolio because they deliver the best returns over time. That is the view of Henk Potts, direc...

A visiting microfinance pioneer has helped the The Coalition for the Protection of Children overhaul its innovative programme of making small business loans to Bermudian women to help them dig out of financial hardship. The Coalition said yesterday F...

A new poll suggests black people have been disproportionately hit by soaring food prices, according to social commentator Jonathan Starling. Mr Starling said while the economic crisis and escalating cost of staple items have had a devastating effect ...