June 19, 2017
Brexit negotiations rules out ‘concessions’
The EU's chief negotiator said there would be "substantial" consequences from Brexit after the first round of talks with the UK. Michel Barnier said he was "not in the frame of mind to make concessions or ask for concessions". UK Brexit Secretary…
June 13, 2017
DIGICEL CALLS FOR GOVTS TO PROTECT CONSUMERS AND TAX REVENUE
With many more countries around the world getting on board with efforts to ensure that online giants like Facebook, Google and WhatsApp obey the law and pay their fair share of taxes, Digicel is once again urging governments in the region to do the…
June 9, 2017
Spotlight on money laundering and terrorist financing
THE TURKS and Caicos Islands is gearing up to complete its first money laundering and terrorist financing National Risk Assessment this June. About 50 stakeholders and representatives from both the public and private sectors are expected to convene…
June 6, 2017
TCI touted as ideal investment banking option
Private investment banker Bordier Bank this week hosted its second annual investment conference at Beaches resort. Its aim was to enhance the attractiveness of the Turks and Caicos Islands as an ideal investment banking option to outsiders.The…
May 12, 2017
Tourism expert warns TCI to regularize Airbnb ASAP
FORMER Bahamian Tourism Minister, Vincent Vanterpool-Wallace has strongly urged the Turks and Caicos Islands government to put regulations in place as soon as possible to regulate airbnbs and VRBOs in the country. Vanterpool-Wallace's firm urging…
May 4, 2017
KPMG’s audits of Rolls-Royce accounts probed by regulator
Britain's accountancy watchdog has opened an investigation into KPMG's audit of the accounts of aero-engine maker Rolls-Royce. The Financial Reporting Council (FRC) will probe the accountancy giant's oversight of Rolls-Royce's financial statements…
May 4, 2017
Oil price tumbles to five-month low
The oil price has fallen to a five-month low as investor concerns re-surface about a worldwide glut. Brent crude dropped by more than $2 on Thursday to below $49 a barrel, hitting its lowest level since oil cartel Opec struck a landmark deal to cut…
April 19, 2017
Morgan Stanley profit jumps
Morgan Stanley profits rose sharply in the first quarter as the Wall Street giant became the latest bank to see growth in the period. The US firm reported profits up 74% to $1.84bn (£1.4bn) for the three months against the same quarter last year.…
March 20, 2017
Bill Gates tops Forbes’ rich list
Microsoft founder Bill Gates again tops Forbes' list of the world's richest people, in a year when the number of billionaires rose 13% to 2,043. According to the magazine's annual rich list, Mr Gates' fortune rose to $86bn, from $75bn, followed by…