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…
October 18, 2016
CDB to provide US$200m to fund Belize strategy plan
The Barbados-based Caribbean Development Bank (CDB) says it will provide US$200.5 million to Belize to finance its 2016-2020 strategy plan. It said that the strategy will help the country address some of the social, environmental and economic…
October 16, 2016
US bans Samsung Galaxy Note 7 phones on flights
The US Department of Transportation has banned Samsung Galaxy Note 7 phones on flights after reports of the device catching fire. Passengers will not be able to take the phones on flights or in their luggage to and from the US from 16:00 GMT on…
October 11, 2016
Egypt is getting a new capital – courtesy of China
Egypt's new capital city moved a step closer to reality with the announcement that Chinese developers will largely fund the megaproject.The China Fortune Land Development Company (CFLD) agreed to provide $20 billion for the currently unnamed city,…