June 22, 2017
Qatar wants 10% of American Airlines
American Airlines has received an "unsolicited" approach from Qatar Airways which wants to acquire 10% of the US carrier. In a regulatory filing, American Airlines said Qatar intended to buy at least $808m (£638m) of its shares. American Airlines…
June 21, 2017
Guyana pleased with first rice crop for 2017
Guyana produced more than half a million tonnes of paddy in the first crop for this year with exports of the commodity totalling more than US$92 million, according to figures released by the Guyana Rice Development Board (GRDB) on Wednesday. The…
June 20, 2017
Barclays charged with fraud in Qatar
Barclays and four former executives have been charged with fraud over their actions in the 2008 financial crisis. The Serious Fraud Office case relates to the way the bank raised billions of pounds from Qatari investors enabling it to avoid a…
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…