October 11, 2016
Bargain-Hunting Tourists in the UK
When the pound plunged this month on new worries about Brexit, New Yorkers Derek Hotter and Ian Clark hopped on a plane for an impromptu holiday in Britain. Record numbers of dollar-, yuan- and euro-rich tourists eager to snatch up a bargain could…
October 11, 2016
G7 Nations Agree on Cybersecurity Guidelines
Cyberattacks on financial institutions are growing more frequent, persistent and dangerous and could threaten the interconnected global financial system, according to the world’s largest industrial nations. The Group of Seven governments published a…
September 29, 2016
Deutsche Bank fall drags down US stocks
US stocks finished lower on Thursday after Deutsche Bank shares tumbled in New York following a report that some funds had withdrawn money. The German lender fell nearly 7% after Bloomberg reported some hedge funds had taken out cash and withdrawn…
September 16, 2016
Invest Turks and Caicos Hosts Enhancing National Competitiveness Conference
Invest Turks and Caicos on September 1st hosted its first conference since the establishment of the Investment Agency. Under the theme "Enhancing National Competitiveness", the one-day event, held at Beaches Resort Village & Spa, brought…
August 24, 2016
Qantas airline soars to record profit after restructuring
Australia's national carrier Qantas has posted record annual profits of A$1.42bn ($1.1bn, £820m)nearly doubling last year's result. The airline will also pay a final dividend to shareholders for the first time since 2009. Qantas has been though…
August 18, 2016
Federal Reserve split on timing of next rate rise
Minutes from the US central bank's last meeting show policy-makers divided over when the next rate rise should come. According to the minutes, some Federal Reserve members felt "economic conditions would soon warrant taking another step", while…
August 18, 2016
Asda has worst quarterly sales drop blaming food deflation
Asda has reported a drop in sales of 7.5% in the past three months, its worst quarterly performance on record. Walmart chief executive Doug McMillon blamed the dip on food deflation and "the competitive environment". Discount food stores such as…
August 16, 2016
Cath Kidston continues advance as targets Latin America
Mention the name Cath Kidston and more often than not the mind will drift to the floral prints the brand is famous for. Long a staple in the UK where there are now 70 stores, the designs have been growing in popularity around the world. There are…
August 16, 2016
US rate hike in September ‘possible’
An influential member of the US central bank has said that an interest rate rise is "possible" in September. "We're edging closer towards the point in time where it will be appropriate I think to raise interest rates further," said William Dudley,…
August 10, 2016
Wendy’s sales hit by cheaper US grocery prices
Burger chain Wendy's has reported lower-than-expected sales as more consumers decided to eat at home. Sales at stores open for at least 15 months rose by 0.4%. Analysts had expected 1.9% growth. Lower food prices helped Wendy's cut costs, but…