January 20, 2023
Japan inflation jumps to new 41-year high
Japan's inflation rate has jumped to a fresh 41-year high as businesses pass on higher costs to their customers. Core consumer prices for last month rose by 4% from a year earlier, double the Bank of Japan's (BOJ) target level.It puts further…
January 9, 2023
T&T’s exports grew 68.7% in 2022
The value of exports from Trinidad and Tobago is estimated to have increased by 68.7 percent for the first 11 months of 2022, according to a report from the Inter-American Development Bank (IDB) entitled “Trade Trends Estimates Latin America and the…
January 6, 2023
US economy sees robust jobs growth in December
Jobs growth in the US remained strong last month even as the economy wrestled with the impact of fast-rising prices.Employers added 223,000 positions in December, pushing the jobless rate down to 3.5%, from 3.6% in November. The resilience of the…
December 29, 2022
Turks and Caicos Islands is largely compliant according to the Financial Action Task Force (FAFT)
The Turks and Caicos Islands has further improved its technical compliance with the 40 Financial Action Task Force (FATF) Recommendations relating to anti-money laundering and countering terrorist financing (AML/CFT). In November 2019, the Turks and…
December 22, 2022
Microsoft faces legal action from 10 gamers
Microsoft faces legal action from 10 gamers to block its merger with Call of Duty maker Activision Blizzard. The lawsuit filed in a US federal court says the $69bn (£56bn) deal by the Xbox console maker to purchase its rival will "create a monopoly…
December 19, 2022
Goldman Sachs plans big job cuts as business slows
Goldman Sachs is planning deep job cuts as it grapples with a sharp downturn in business. The investment bank is preparing cuts that could affect up to 8% of its global workforce, or nearly 4,000 people, the BBC understands.The reductions would go…
December 19, 2022
CIBC plans full roll-out of loan store in 2023
Regional bank CIBC FirstCaribbean said it is working to have the portal open to all customers by the end of 2023. Now undergoing a phased roll-out to selected customers of the bank following the official launch in 2021, the web-based application has…
December 7, 2022
Scotiabank Turks and Caicos (TCI) has been named Bank of the Year 2022
Scotiabank Turks and Caicos (TCI) has been named Bank of the Year 2022 by internationally recognized UK-based banking publication -The Banker. The award celebrates the financial institution’s increased product innovation, digital transformation and…
December 7, 2022
UK aims to double US gas imports under new deal
The UK has agreed to double imports of US gas over the next year as it tries to stabilise soaring energy prices. Prime Minister Rishi Sunak said the plan would "bring down prices for British consumers and help end Europe's dependence on Russian…
December 6, 2022
Morgan Stanley bank to cut 1,600 jobs
Bank Morgan Stanley is cutting about 1,600 jobs or roughly 2% of its global workforce, joining other big banks in making reductions as the economy slows. The news comes after chief executive James Gorman warned that the bank would see "modest" job…