Bermuda News
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Bacardi Ltd. is selling its first euro bonds in four years as the average yield investors demand to hold investment-grade corporate debt approaches the highest in 3 1/2 months.
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Golden Ocean Group Ltd., a shipowner led by billionaire John Fredriksen, climbed to the highest level in more than two years in Oslo trading as investors bet on a rebound in rates to haul coal and iron ore.
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Group of Eight leaders agreed to work for “a new global standard” to stamp out bank secrecy and pledged to deter multinational companies’ tax-avoidance strategies, according to a draft joint statement.
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China’s oil imports are contracting for the first time since 2009, reducing the biggest source of demand for crude tankers at a time when U.S. purchases are slowing and owners face the worst capacity glut in three decades.
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For companies with a lot of foreign income from intangible products like patents, Dave Camp has a carrot-and-stick approach to overhauling the tax code.
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South Korea is strengthening supervision of foreign exchange transactions as President Park Geun Hye broadens her country’s part in a global crackdown against tax evasion.
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Britain’s network of overseas territories and dependencies agreed to Prime Minister David Cameron’s request that they sign up to extended transparency rules aimed at preventing tax evasion.
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Jennifer Smith was so taken by the mix of white sand, blue waters and modern offices when her cruise ship called at the Cayman Islands that the New Jersey accountant found a job and moved to what she calls paradise.
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U.K. lawmakers attacked Google Inc. for defending a “highly contrived” strategy of booking advertising sales through Ireland to reduce its tax liability in Britain.
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Axis Capital Holdings Ltd. hired Edgar Bautista and Sandeep Ramachandran, formerly of Morgan Stanley’s commodities unit, as the reinsurer expands in capital markets tied to weather.
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