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Fed says U.S. financial system resilient; flags low rates, 'stablecoin' as risks

The U.S. Federal Reserve on Friday flagged high levels of corporate debt, the impact of an extended period of low global interest rates, and emerging Read More



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Butterfield shares edge up on NYSE 2019-12-06 16:50:00A total of 211 shares of One Communications Ltd were traded on The Royal Gazette/BSX Index, but with no change to the closing price of $3.80.In New Yo

The Loren hotel group breaks ground in Texas 2019-12-06 15:48:00Two years after opening The Loren at Pink Beach in Bermuda, The Loren Hotel Group is expanding to the United States. Site work is under way for The Lo

Kershaw named Lancashire's new CFO 2019-12-06 07:00:00Natalie Kershaw has been appointed group chief financial officer of Bermudian-based re/insurer Lancashire Holdings Ltd.Ms Kershaw will take up the rol

BEDC concierge service to cut red tape 2019-12-06 07:00:00Business start-ups will encounter less bureaucratic red tape in the New Year with the introduction of a concierge service by the Bermuda Economic Deve

EY to stage reinsurance conference next week 2019-12-06 07:00:00Bermuda's re/insurance industry will be in focus at next week's EY Re/insurance Business and Accounting Update.The event will gather industry leader

High demand for economic substance session 2019-12-06 07:00:00An information session about Bermuda's economic substance legislation and its impact on island companies attracted more than 120 people, while anothe

MenCo thrives after style switch-up 2019-12-06 07:00:00You wouldn't think a few blocks would make much of a difference in clientele, in a city as small as Hamilton. But when Janika Fields moved her men's

Appleby's Schrum recognised by Citywealth 2019-12-05 18:03:00Vanessa Schrum, a partner in the Bermuda office of international law firm Appleby, has been recognised in Citywealth's International Powerwomen Top 1

Butterfield edge down on NYSE 2019-12-05 17:24:00Butterfield Bank shares ended seven cents, or 0.2 per cent, lower at $34.88 on The New York Stock Exchange.There was no trading on The Royal Gazette/B

Furbert committed to working with trust industry 2019-12-05 16:00:00Wayne Furbert, Minister for the Cabinet Office, today praised the trust industry for its role in maintaining the island's reputation as a premier int

August retail sales volume plunges 7.6% 2019-12-05 11:35:00Retail sales plunged 7.6 per cent in August when adjusted for inflation.It was the sixteenth month in the past 18 that sales declined year over year a

Online boutique stages holiday season pop-up 2019-12-05 07:00:00If you want to make a statement this holiday season, Donyae Hollis might have the dress for you.Sparkly, sexy, demure - it's all at Donyae Hollis Des

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Winter Wonderland At Dockyard On Sunday New! 2019-12-13 16:14:36It is set to be a Winter Wonderland at Dockyard on Sunday, December 15th, as the Royal Naval Dockyard will present another Sunday with a full line-up

BEDC’s Christmas “Eat, Shop, Play” Draw New! 2019-12-13 15:53:26The Bermuda Economic Development Corporation’s [BEDC] Shop to Win Draw is currently running until December 24, with the public able to take part

Minister On NAIC Reciprocal Jurisdiction Status New! 2019-12-13 11:00:40NAIC announced that Bermuda has been granted Reciprocal Jurisdiction status and has also approved Bermuda as a Qualified Jurisdiction, Minister of Fin

WEDCO Dockyard Gift Vouchers Available New! 2019-12-13 09:46:37Newly launched Gift Vouchers to spend in stores and businesses in Dockyard have arrived – just in time for Christmas. The brainchild of the West

2018 GDP Publication & Rebasing Documents 2019-12-13 08:48:32Today [Dec 13] the Minister for the Cabinet Office Wayne Furbert released the 2018 Gross Domestic Product [GDP] publication and a Bermuda GDP Rebasing

Bermuda Stock Exchange Report: Dec 12 2019 2019-12-13 05:15:51December 12 saw 6,100 shares trade on the Bermuda Stock Exchange, valued at $219,546.00 BD. 6,100 shares were traded by Bank of N.T. Butterfield Ltd,

“Christmas In The City” Event This Friday 2019-12-12 17:27:43With only two Fridays left before Christmas, the City of Hamilton will be ramping up the festive spirit and offering an array of free entertainment on

Five Members To Retire From Argo Board 2019-12-12 15:20:01The Board of Directors of Argo Group International Holdings provided shareholders with an update on its “Board refreshment process,”

2018 Tourism Satellite Account Report Released 2019-12-12 11:02:18Today [Dec 12] the Minister for the Cabinet Office Wayne Furbert released the 2018 Tourism Satellite Account report from the Department of Statistics.

Two Stores In St George’s Join Forces 2019-12-12 08:52:25Two celebrated stores in St. George’s recently announced that they’ve joined forces to collaborate on one unique retail experience, as Sal

Insurance Market Celebrates Reciprocal Status 2019-12-12 08:30:16Bermuda’s global insurance market praised the efforts of the Bermuda Monetary Authority [BMA] and the strength of its regulatory regime in being

Monument Re Acquires Cattolica Life 2019-12-12 05:20:20Monument Re announced that, subject to regulatory approval, it has acquired Cattolica Life DAC from Cattolica Assicurazioni. Cattolica Life is a life

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Bristol-Myers wins $752 million in U.S. patent case New! 2019-12-13 17:31:10Bristol-Myers Squibb Co on Friday said it won a $752 million jury verdict against Gilead Sciences Inc in a U.S. patent dispute relating to technolog

Exclusive: Hudson's Bay Co's take-private deal falls short New! 2019-12-13 17:07:57Saks Fifth Avenue owner Hudson's Bay Co has fallen short of securing enough shareholder support for a C$1.9 billion($1.4 billion) deal to take the d

Boeing bows out of multibillion-dollar Minuteman missile replacement New! 2019-12-13 16:43:38Boeing Co has decided not to compete as a prime contractor to replace the Pentagon's aging U.S.-based Minuteman III missile system, paving the way f

Global shares gain, oil rises, but caution lingers New! 2019-12-13 16:38:42Global equity markets and oil prices rose on Friday after China and the United States agreed on an initial trade deal that rolls back some U.S. tariff

Wall Street steady as U.S., China announce trade New! 2019-12-13 16:35:11The S&P 500 and the Dow industrials ended little changed on Friday, hitting record highs in the session, as the United States and China announced

U.S. prosecutor calls on UAW to cooperate, probe New! 2019-12-13 16:33:50The U.S. Attorney leading the investigation of corruption within the United Auto Workers (UAW) told Reuters on Friday the union's leadership still is

U.S. agency probes 12th Tesla crash tied to New! 2019-12-13 16:20:47The U.S. auto safety agency said on Friday it will investigate a 12th Tesla crash that may be tied to the vehicle's advanced Autopilot driver assista

U.S.-China trade deal swaps tariff rollbacks for farm, New! 2019-12-13 16:01:23The United States and China cooled their trade war on Friday, announcing a "Phase one" agreement that reduces some U.S. tariffs in exchange for incr

China says reached phase one deal with U.S., New! 2019-12-13 16:01:23China and the United States have agreed on the text of a phase one trade deal, and Beijing has decided to cancel an earlier plan to impose additional

T-Mobile CEO takes the stand in T-Mobile/Sprint merger New! 2019-12-13 15:41:34T-Mobile US Inc Chief Executive John Legere testified on Friday that he believes U.S. regulators considered Dish Network's history of attempting to

Oil nears three-month high as trade hopes, UK New! 2019-12-13 15:23:05Oil rose on Friday to its highest in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute and a decisive genera

China to buy additional $32 billion in U.S. New! 2019-12-13 14:40:33China has agreed to buy $32 billion of additional U.S. farm products over two years as part of a phase one trade pact, U.S. Trade Representative Rober

Business - The Huffington

Away CEO Steps Down After Bombshell Report Reveals 2019-12-09 19:57:22Steph Korey will no longer manage the popular luggage company in the wake of an article detailing a toxic work culture.

Walmart Canada Removes Santa Cocaine Sweater From Website, 2019-12-09 12:13:52Other sweaters also showed Santa being way more naughty than nice.

Away CEO Apologizes For Treatment Of Former Staff 2019-12-06 15:29:55The head of the luggage company said she was “appalled to read” her own messages to former employees that were published in The Verge on T

Airbnb Bans Open-Invite Parties, Unruly Guests After Fatal 2019-12-05 22:49:42The company is revamping its guest standards and banning open-invite parties across the app after a shooting at a San Francisco rental left five peopl

Uber Releases Sexual Assault Data After Years Of 2019-12-05 18:38:33A new report, which also includes information about traffic fatalities, could lead more companies to be transparent about sexual violence.

Google Co-Founders Larry Page, Sergey Brin To Leave 2019-12-03 17:01:24Current Google CEO Sundar Pichai will take over at the parent company, Alphabet.

Fired Google Engineers Say They Were Terminated For 2019-12-03 13:42:59The group plans to file charges with the National Labor Relations Board.

Black Friday 2019 Shoppers Stay Away From Stores, 2019-11-29 06:14:47Early discounts saw a dip in the numbers lining up at stores across the country, according to consultants.

Uber Loses License To Operate In London Over 2019-11-25 07:20:47London transport regulators say unauthorized drivers were fraudulently using accounts. Uber can continue operating pending the appeal process.

Fashion Brand Loewe Apologizes For $1,840 Outfit Resembling 2019-11-24 11:24:45The luxury fashion house said it was “never our intention” to sell an outfit that evoked memories of "one of the most odious moments in t

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Saudi Aramco crosses $2 trn valuation, becomes most 2019-12-12 08:56:53Aramco has sold a 1.5 per cent share to mostly Saudi investors and local Saudi and Gulf-based funds

Edelweiss launches maiden corporate bond ETF, aims to 2019-12-12 08:55:38This ETF is an initiative of the department of investment and public asset management and the latter has given the mandate to Edelweiss AMC to design

Parliament passes bill to extend SC/ST quota in 2019-12-12 08:52:48The bill, which saw heated exchange between the treasury and opposition benches, was approved unanimously in Rajya Sabha

Religare Finvest scam: Delhi court rejects Shivinder Singh's 2019-12-12 08:27:30The court also extended till December 23 the judicial custody of Malvinder and Godhwani in a separate money laundering case related to the misappropri

TRAI looking at setting floor price to ensure 2019-12-12 07:39:39Free voice calls and dirt cheap data by billionaire Mukesh Ambani's Jio has wrecked havoc on the industry, which squeezed finances to match them

India's fuel demand grows 10.5% in November, hits 2019-12-12 07:38:07Consumption of refined fuels, a proxy for oil demand in Asia's third largest economy, totalled 18.77 million tonnes in the month

Industrial output contracts by 3.8% in October; November 2019-12-12 07:28:56India's retail inflation for the month of November touched 5.54% compared to 4.62% in the month of October

Boeing 737 Max won't be cleared to fly 2019-12-12 07:24:37'If you just do the math, it's going to extend into 2020,' said FAA chief Steve Dickson

Citizenship Bill protests LIVE: Assam on edge, PM 2019-12-12 07:05:17Protesters attack houses of Bharatiya Janata Party and Asom Gana Parishad in parts of Assam over Citizenship Amendment Bill.

Hero MotoCorp plans to launch BS-VI upgrades of 2019-12-12 06:53:00The two wheeler major plans to showcase the upgraded products at an event in February 2020 at its R&D centre in Jaipur

Personal data protection bill with par panel, 10 2019-12-12 06:47:52The Lok Sabha on Wednesday had referred the bill to a joint select committee of both Houses of Parliament

Supreme Court dismisses pleas seeking review of Ayodhya 2019-12-12 06:23:58A five-judge bench headed by Chief Justice S A Bobde, which took these review pleas for consideration in-chamber, rejected them after finding no merit


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