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…
March 6, 2017
Deutsche Bank shares hit by cash call
Shares in Deutsche Bank closed 3.7% lower on news it plans to bolster its finances through selling new shares. Germany's biggest bank plans to raise about 8bn euros (£6.9bn, $8.5bn) through the sale, due later this month. The sale by the troubled…
February 17, 2017
Retail sales fall unexpectedly in January
Retail sales slipped back unexpectedly in January, following on from December's dip. Official figures, from the Office for National Statistics (ONS), showed retail sales volumes dropped by 0.3% compared with the previous month, well below the 0.9%…
November 22, 2016
French heir finds $3.7m gold hoard underneath furniture in house
A Frenchman who inherited a large house from a relative has found an astonishing 100kg (220lb) haul of gold hidden under the furniture. The unnamed heir discovered the glittering hoard in a variety of inventive locations, including under piles of…
November 18, 2016
Gap and Abercrombie & Fitch slump on unhappy holidays
Shares in two of America's largest clothing retailers plunged on Friday following disappointing third quarter sales and a downbeat forecast for the crucial holiday shopping season. Gap shares sank by 13.1% after a seventh consecutive quarter of…
November 7, 2016
Turks and Caicos airline boosts regional connectivity
With its new enhanced winter timetable, interCaribbean Airways substantially boosts regional connectivity and convenience via its fast-growing hub at Providenciales in the Turks and Caicos Islands (TCI). "Both the passenger's connecting experience…
November 3, 2016
Paris fights for businesses fleeing Brexit London
Paris is on a charm offensive, trying to win over businesses fleeing London's Brexit chaos. The city launched a new initiative on Thursday, setting up a one stop shop for companies that want to relocate from London following the U.K.'s vote to leave…
October 18, 2016
Fortis Inc. Now Trading on the New York Stock Exchange
Fortis Inc., the Canadian-based parent company of FortisTCI, made its debut on the New York Stock Exchange (NYSE) on Friday, October 14, 2016, marking a historic milestone for the Company. President & CEO Barry Perry celebrated the occasion in…