October 30, 2013
Radio Turks & Caicos Launches Blackberry App On November 1, 2013
Radio Turks & Caicos will officially launch their blackberry App on November 1, 2013. The App was developed with the approval of BlackBerry developer RIM on Monday October 28th, 2013 and brings RTC FM live on BlackBerry APP, making the station…
October 30, 2013
Bahamas To Introduce Value Added Tax
The Bahamian Government has announced that it will introduce a value-added tax (VAT), to broaden the tax base, from July 1, 2014. The Government explained that VAT is to be introduced to offset the eventual reductions to import duty rates that will…
October 30, 2013
Rabobank fined $1bn over Libor
Dutch bank Rabobank says it has agreed to pay fines of 774m euros ($1bn; £662m) imposed by US, UK and Dutch regulators over the Libor interest rate-fixing scandal. The bank added that its chief executive, Piet Moerland, had stepped down. Libor…
October 30, 2013
Nokia telecoms division profits down by a third
Operating profit at Nokia's telecoms solutions and networks - its main business once its phones division is sold - fell 33% in the third quarter to 218m euros ($300m; £186.6m). The Finnish firm forecasts the business's profit margin will rise…
October 30, 2013
US shares hit fresh all-time highs
US shares hit fresh all-time highs on Tuesday, ahead of the conclusion of a Federal Reserve meeting that is expected to see economic stimulus measures maintained. On Wall Street the Dow Jones closed up 111 points at 15,680 - beating the previous…
October 30, 2013
India raises interest rates for the second month running
India's new central bank governor has raised interest rates for the second consecutive month by a quarter of one percent to 7.75% to try to fight inflation. The move applies to the benchmark repo rate - the rate at which the central bank lends to…
October 30, 2013
BP sees lower quarterly profits but beats forecasts
Oil giant BP has reported sharply lower profits for the third quarter of 2013. Underlying replacement cost profit, which strips out the effect of oil price movements, was $3.69bn (£2.29bn) - down from $5.02bn for the same period a year ago. BP said…
October 30, 2013
FORMER PREMIER HON. MICHAEL MISICK TO BE EXTRADITED FROM BRAZIL
The Office of the Premier can confirm that today, at 6:00 pm we were informed by the Attorney General’s Chambers, via the Governor’s Office, that the Former Premier, Hon. Michael Misick has lost his proceedings in the Brazilian courts against the…
October 30, 2013
TCI Authorities seize two sloops, detain 237 Illegal Migrants
The Ministry of Border Control and Labour has sent their final reports to RTC News this evening, informing us that two illegal sloops were intercepted in the TCI waters, between the hours of 12:30 and 10:30 am today, October 29, 2013. A total of…
October 30, 2013
DEMA Sets the Record Straight on Pelagic Fishing Study
The Ministry of Environment, Home Affairs and Agriculture and the Department of Environment and Maritime Affairs (DEMA) are clarifying misleading information regarding a UK-funded pelagic fishing now being carried out in TCI Waters. The study which…