537 results returned for search: "" category ("Economy" AND "Business")
Retailers’ continuing struggles were highlighted by figures released yesterday which showed retail sales were 2.7 percent lower in June than they were in the same month a year earlier.
Retail sales volume, which takes into account the impact of infla...
DATE: Aug 19, 2011
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CATEGORY:
Economy
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At least $35 million worth of luxury homes has sold in Bermuda in just the first six months of the year.
And $40 million more worth of high-end real estate is reported to be under contract.
This according to a new market update by Coldwell Banker Ber...
DATE: Aug 17, 2011
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CATEGORY:
Economy
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Butterfield Bank’s performance for the second half of 2011 is expected to play out much the same as the first six months with quarterly earnings in the range of $4 million to $7 million.
That is according to LOM’s second quarter research update on th...
DATE: Aug 16, 2011
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CATEGORY:
Economy
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While gold is seen as the traditional safe haven investment in uncertain times there is a commodity that has performed even better over the past two decades fine wine.
The Bermuda-based Wine Investment Fund (WIF) has produced a report indicating that...
DATE: Aug 04, 2011
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CATEGORY:
Economy
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Nervous investors in search of safe havens amid continuing uncertainty in Europe and Washington have driven the price of gold to record highs and, according to one local analyst, that trend looks set to continue.
“During the last several months you’v...
DATE: Aug 04, 2011
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CATEGORY:
Economy
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HSBC Bermuda Bank has confirmed that no staff will be affected by HSBC Private Bank’s decision to cease offering its services to US residents living outside the US.
In a statement issued yesterday, an HSBC Bermuda Bank said: “There is no impact to st...
DATE: Jul 22, 2011
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CATEGORY:
Economy
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Chris and Penny Cassidy say they are having to advertise for the first time since starting their small painting, maintenance and construction business more than a decade ago.
It may be a sign of just how hard it’s getting for Bermuda’s small business...
DATE: Jul 22, 2011
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CATEGORY:
Economy
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If you are looking for a historic pub in a great location - the George & Dragon in St George’s is looking for a buyer.
A spokesman for the pub, located in the heart of King’s Square, says there are no plans to reopen it this season.
He confirmed it’...
DATE: Jul 22, 2011
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CATEGORY:
Economy
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LONDON (Reuters) - The private banking arm of HSBC - including its Bermuda branch - will stop offering services to US residents outside the United States as a crackdown on offshore tax evasion makes the regulatory burden of banking around the world i...
DATE: Jul 21, 2011
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CATEGORY:
Economy
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The Fairmont Southampton's convention business is rebounding.
The 593-room resort has been almost fully booked while hosting a huge group of 6,000 people from a major US company.
Many of the thousands of convention goers are understood to be from Sta...
DATE: Jul 21, 2011
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CATEGORY:
Economy
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