August 7, 2018
Trump warns countries against doing business with Iran as sanctions kick back in
President Donald Trump has warned that countries doing business with Iran will "NOT be doing business with the United States" as his administration reimposed sanctions on Iran Tuesday. In an early morning tweet, Trump described the measures as "the…
August 3, 2018
FortisTCI Ltd. ‘BBB’ Credit Rating Affirmed with Negative Outlook
Providenciales, Turks and Caicos Islands (Thursday, August 2, 2018) – Global independent credit rating agency Standard & Poor’s (S&P) announced on Friday, July 27, 2018, that it is maintaining a ‘BBB’ global corporate rating for FortisTCI…
August 2, 2018
Apple reaches $1,000,000,000,000 value
Apple just became the first American public company to cross $1 trillion in value. The iPhone maker achieved that big number on Thursday when the stock passed $207.04 a share. Its new all-time high is $207.05. Apple is now up more than 20% this…
July 31, 2018
Warren, Sanders introduce debt relief bill to benefit Puerto Rico
A number of potential 2020 Democratic presidential contenders are behind a bill that would allow Puerto Rico to terminate its $73 billion in debt. Sens. Elizabeth Warren, a Massachusetts Democrat, and Bernie Sanders, a Vermont independent,…
July 25, 2018
Ivanka Trump closes down her fashion brand
President Donald Trump's daughter, Ivanka Trump, has decided to close down her fashion brand.The move comes over a year after she split from the company to enter the White House as a senior adviser. Ms Trump launched the brand in 2014, but after her…
July 17, 2018
Fortis TCI Limited 2018 Rate Variation Application
FortisTCI filed a rate variation application under Section 34 of the Electricity Ordinance. The application proposes an average rate increase of 6.8%. Residential customers with an average monthly consumption of 500 kWh would see an increase of…
July 15, 2018
European Union is a foe on trade added the Donald
US President Donald Trump has described the European Union as a foe on trade.He told CBS News that European countries were taking advantage of the US and not paying their Nato bills.EU Council President Donald Tusk said anyone calling the EU foes…
June 27, 2018
Fox-Disney merger cleared
US regulators have cleared Walt Disney Co's plan to buy most of 21st Century Fox, removing a final barrier to the $71.3bn (£54.2bn) deal. The approval requires the sale of Fox's regional sports networks in the US, due to competition concerns, the…
June 13, 2018
Comcast bids for Murdoch’s Fox assets in Disney challenge
Comcast, the US media conglomerate, has submitted another offer to buy parts of 21st Century Fox, after getting rebuffed last year in favour of Disney. Comcast said it has offered $65bn (£48.6bn) in cash for Fox's studios and international…
June 13, 2018
ExxonMobil announces the start of drilling off shore in Guyana
The US-based oil giant ExxonMobil yesterday announced that it has started development drilling offshore. In a statement, the company said that the Liza Phase 1 development continues to rapidly progress and that development drilling began in May for…