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Bermuda’s balance of payments current account surplus was $220 million in the first three months of the year, up $7 million from the same period in 2019. This is a measure of Bermuda’s trade with the rest of the world. Also for the quarter, the goods...

For Bermuda to be successful in the future with a healthy, economically viable community, it is critical it plays to its strength as an excellent and welcoming host for tourists, and for guest workers and individuals who have chosen to work from Berm...

Bermuda’s retail sales dropped by 30.6 per cent in April, after being impacted by the shelter-in-place measures put in place to curb the spread of Covid-19. Wayne Furbert, Minister for the Cabinet Office, said: “After adjusting for the retail sales r...

The Institute of Directors Bermuda has congratulated Denton Williams, chief executive of the Regulatory Authority of Bermuda, on the achievement of the Certificate in Company Direction designation. Branch chairwoman Rochelle Simons, said: “We are de...

Bermudian-based dry bulk shipping company Golden Ocean Group Limited has reported a net loss of $41.3 million, or 29 cents per share, for the second quarter. That compares to a $160 million loss in the first quarter of the year. During the three-mont...

There are encouraging signs for the world economy that have given Bermudian-based Nordic American Tankers optimism for the future. The tanker operator has reported net income of $49.1 million, or 33 cents per share, up 24 per cent from the first quar...

The Bermuda Government has reportedly priced a $1.35 billion bond issuance that will be used to refinance existing debt at more favourable interest rates, and to meet future borrowing needs. The bonds are evenly split between 10-year and 30-year matu...

Container ship owners are choosing to install “scrubbers” to clean the exhaust gas emitted from ship engines, in order to comply with global regulations that came into force at the start of the year. The regulation is aimed at reducing the shipping s...

Bermuda’s A+ rating for long-term sovereign credit has been affirmed by Standard & Poor’s. Finance minister Curtis Dickinson said rating agency S&P performed a review on Bermuda’s sovereign credit worthiness in light of the Bermuda Government’s inten...

A year after Ascendant Group’s shareholders approved the company’s takeover by Canadian firm Algonquin Power and Utilities Corp, the proposed transaction is still being assessed by the electricity sector regulator. Only after the Regulatory Authority...