August 19, 2015
Growth in US Economy
The US economy grew at an annualised pace of 2.3% in the three months to June, official figures have shown. The figure - the first estimate of growth in the second quarter - followed an upwardly revised growth rate of 0.6% in the first three months…
August 18, 2015
Drop in Profits for Walmart & ASDA
US supermarket giant Walmart has posted a fall in profits, missing analysts' expectations, and a drop in sales at its UK supermarket, Asda. Walmart reported net income of $3.48bn (£2.2bn) in the three months to July, down from $4.09bn a year…
August 17, 2015
Jeff Bezos defends Amazon
The world's biggest online retailer is firing back against reports of an abusive corporate culture. A New York Times report over the weekend described a demanding and degrading environment at Amazon. Amazon's boss Jeff Bezos wrote in a memo to staff…
August 14, 2015
New Bailout in Marathon Debate For Greece
The Greek parliament has backed a new bailout deal after an all-night debate, despite a rebellion by many MPs in the governing Syriza party. The deal requires tax rises and more tough spending cuts in return for an EU bailout of about €85bn (£61bn,…
August 13, 2015
Grand Turk Lighthouse redevelopment to be more expensive
One of the land marks in the nation’s capital Grand Turk, has come in for some rave reviews, having been ranked as #5 of nine must see sights in the island, home to the mega Grand Turk Cruise Centre, with an impressive 4.5 rating. And what many see…
August 13, 2015
DO NOT GET TAKEN BY WIRE TRANSFER SCAMS
The Financial Crimes Unit of the Royal Turks & Caicos Islands Police Force has sounded a warning to residents here in the TCI, not be tricked by scammers as they have detected a recent increase in scam victims here in the TCI. The FCU warns…
August 13, 2015
Growth in Greek Economy
The Greek economy grew by 0.8% in the second quarter of the year, confounding expectations of a steep contraction. The official figures, based on a flash estimate, also revised a reading of 0.2% negative growth in the first quarter to a flat…
August 10, 2015
Germany Government Gains From Greece
The Greek debt crisis has saved the German government some €100bn (£70bn; $109bn) in lower borrowing costs because investors have sought safety in German bonds, a study has found. Even if Greece defaults on all its debt, Germany would still benefit,…
August 5, 2015
Suriname bank with half billion dollars in assets acquired by Trinidad’s Republic Bank
Republic Bank Limited has welcomed a new territory into the fold of the expanding financial group, with the acquisition of a Surinamese bank with just over half billion US dollars in assets. Republic Bank (Suriname) N.V. will begin operations…
August 4, 2015
Wire transfers of drug profits earned in US went directly to Panama banks
As more details emerge in Miami-Dade County, regarding a discredited undercover law enforcement operation that directly wired more than $70 million in narco-profits overseas, yet failed to arrest a single person, Panama's banks were the preferred…