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…
July 29, 2015
World economy fragile, faces downside risks
International Monetary Fund chief Christine Lagarde says the world economy is recovering but fragile and "faces some downside risks." In an online press conference, Lagarde describes the United States "a strong performer" and China "resilient"…
July 21, 2015
TCIG TEAMS VISITS TURKEY ON TRADE & INVESTMENT MIS
The Minister of Finance, Investment and Trade, Hon. C. Washington Misick recently returned from a three day trade and Investment mission to Istanbul, Turkey. He was accompanied by the CEO of Turks and Caicos Airport Authority (TCIAA) Mr. John Smith,…
July 21, 2015
CDB invites vulnerable communities to apply for grants from Community Disaster Risk Reduction Fund (CDRRF)
The Caribbean Development Bank (CDB) has joined forces with the Department of Foreign Affairs, Trade and Development of Canada and the Department for International Development of the United Kingdom to strengthen the sustainable development agenda of…
July 17, 2015
CDB Approves USD2.37 Million in Grant Assistance for Haiti Catastrophe Risk Insurance
July 17, 2015, BRIDGETOWN, Barbados – The Board of Directors of the Caribbean Development Bank (CDB) approved, today, grant assistance of USD2,377,250 to the Government of Haiti to meet the country’s insurance premium for coverage being provided by…
July 17, 2015
Alisa Folkes Becomes first TCI Citizen to receive CHTA Scholarship
PROVIDENCIALES, Turks & Caicos Islands; Wednesday, June 17, 2015- Earlier this year Turks and Caicos students and industry professionals pursuing higher education or professional development in the tourism and hospitality field were given the…
July 8, 2015
New York Stock Exchange suspends trade after glitch
The New York Stock Exchange (NYSE) has suspended trading on all shares for technical reasons, but says there is no cyber attack. The NYSE said it would provide more details as soon as possible. All open orders would be cancelled, according to…
July 7, 2015
‘No new plan’ before summit as Greece debt crisis looms
Eurozone finance ministers say Greece has submitted no new proposals to secure a deal with its international creditors at a meeting in Brussels. They had urged Greece to submit fresh plans after its people rejected a draft bailout in a referendum.…