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The Island is rife with “incomplete, wrong and misleading” comments about the role of Correia Construction in the building of Heritage Wharf, according to the company’s head. Contractor Dennis Correia said his business had built the Dockyard cruise s...

Butterfield Bank will not raise residential mortgage rates in the wake of the US Federal Reserve hike of 0.25 of a percentage point. Speaking after the first Fed increase in nearly a decade, a Butterfield spokesman said that it would not raise its ra...

WASHINGTON (Bloomberg) — The Federal Reserve raised interest rates yesterday for the first time in almost a decade in a widely telegraphed move while signalling that the pace of subsequent increases will be “gradual” and in line with previous project...

Inflation dropped to 0.6 per cent in October compared to the previous month, according to the latest Government figures. Inflation fell 0.4 per cent from the 1 per cent rate in September. Consumers in October paid 0.6 per cent more for a standard bas...

The Bermuda Government has raised land taxes to avert a potential $19.1 million loss in revenues brought about by the latest annual rental value figures. The ARV has fallen due to the recession and the resultant unemployment and a drop in real estate...

Tomorrow we will get the Federal Reserve’s decision on whether or not they will raise the Fed Funds rate. The market has been stewing over a rate rise for what seems like an eternity. I think they will move and the market seems to agree, with the Fed...

For the week ending December 11, 2015 Intra-day moves in equities markets last week could be characterised as “see-saw” each day, but ending the week decidedly negative. For the five days to December 11, the S&P Global 1200 Index was down 3.42 per ce...

This week the US Federal Reserve looks like it might finally do what is has not done for nine years — raise interest rates. The last time the Fed ticked its benchmark rate higher was in late 2006. In mid-2007, however, America’s central bank did an a...

Dear Sir, I have read your newspaper report of the expert advice to reduce our massive debt. I have not read the original report, but note these circumstances: the two main reasons for the debt is the profligate spending of the former government, and...

Dear Sir, Almost missed a letter sent in by John H. Holdipp III, in which he seems to suggest, perhaps, adopting a more updated posture regarding the Bermudian experience. Revising the Latin on the flag to be ... what, exactly? Most everything Mr Hol...

Broad-based tax increases were among the key recommendations of an independent report on the Bermuda’s Government’s efforts to stabilise its finances. The Fiscal Responsibility Panel (FRP), made up of three overseas experts, suggested that the Govern...

It is no secret that Bermuda is living with a huge public debt that continues to get bigger every year. The gravity of the situation for all Bermudians should not be underestimated. The Bermuda Government’s gross outstanding debt stands at $2.25 bill...