September 1, 2017
Hurricane Harvey hit the US economy hard
The costs of the deadly storm in Texas and the Gulf of Mexico have continued to mount, with Texas authorities estimating it at $125bn (£97bn). Hurricane Harvey has killed more than 30 people and destroyed thousands of homes. While the rain has…
August 29, 2017
US stocks tick up as missile fear eases
US stocks recovered at the close from steep early losses brought by fears of escalation of hostilities in the Korean Peninsula. US President Donald Trump had warned that "all options are on the table" after North Korea fired a missile over Japan.…
August 29, 2017
Euro rises to 18-month high against dollar
The euro has hit $1.20 for the first time since January 2015 as the prospect of a US interest rate rise recedes. Hurricane Harvey's impact has led analysts to assume the US central bank will not want to risk curbing economic growth and fears over…
August 28, 2017
Storm causes billions in damage
Many refineries have shut and almost a fifth of oil and gas production in the Gulf of Mexico has been suspended amid the largest storm to hit in the US in more than a decade. Hurricane Harvey has produced high winds and extensive flooding forcing…
August 23, 2017
Stocks recede after fiery rally by President Trump
US markets closed lower on Wednesday, sliding back after President Donald Trump gave a fiery speech suggesting more political drama lies ahead.At a rally in Arizona on Tuesday, Mr Trump said he would be willing to shut down the government if…
August 23, 2017
Mark Wahlberg earned $42m more than the best paid actress last year
The size of the gender pay gap in the movie industry has been laid bare in new estimates of stars' pay packets.The world's 10 best-paid actors earned a total of $488.5m (£380.5m) in the past year, Forbes magazine calculated.That's almost three times…
August 15, 2017
IMF warns on China’s credit boom
The International Monetary Fund has warned that China's credit growth is on a "dangerous trajectory". In a new report, the IMF says there is an increasing risk of a "disruptive adjustment" and/or a marked slowdown in economic growth". The agency…
August 2, 2017
Invest Turks & Caicos Launches New Website
Invest Turks and Caicos is inviting visitors to explore its new website www.investturksandcaicos.tc. The new site is the main promotional and informational tool used to give Invest Turks and Caicos visibility in domestic, regional and international…
July 21, 2017
DIGICEL ANNOUNCES KEVIN GORDON AS CEO FOR ITS BVI OPERATIONS
Digicel today announced the promotion of Kevin Gordon to Chief Executive Officer for its operations in the British Virgin Islands effective immediately. In this role, Kevin, a Jamaican national, will have oversight for all areas of business and…
July 19, 2017
Spain’s ‘secret credit card banker’ Blesa found shot dead
A leading banker has been found shot in the chest, six months after he was given a jail term for a corruption scandal that stunned Spain. Miguel Blesa, 69, is thought to have shot himself at a country estate in the southern province of Córdoba.…