June 10, 2015
Mainland Chinese shares down after MSCI delay
Mainland Chinese shares headed lower after US index provider MSCI said it would hold off including China-listed shares in one of its key benchmark indexes. The delay to include the shares was seen as a setback in China's attempts to open up its…
June 5, 2015
Tsipras tells lenders not to humiliate Greece over debt
Greece's prime minister has warned international creditors not to impose humiliating terms on his country as it seeks urgently needed bailout funds. Alexis Tsipras said negotiations were at a "critical" stage, but that the lenders' proposals were…
June 4, 2015
IMF asks US Federal Reserve to delay rate rise
In an unusual move, the International Monetary Fund urged the US central bank to delay any rise in interest rates until 2016. IMF managing director Christine Lagarde said the Federal Reserve should wait to see "more tangible signs of wage or price…
June 2, 2015
Sponsors welcome Blatter resignation
Fifa sponsors, including Visa, Coke, and McDonald's, have welcomed Sepp Blatter's decision to resign as president of football's world governing body. Mr Blatter's decision to step down comes amid a corruption scandal. However, both Visa and Coke…
June 2, 2015
EU ASSESSMENT RECOGNISES HUGE IMPROVEMENT IN PUBLIC FINANCES
The Turks and Caicos Islands (TCI) government has significantly improved the performance of its Public Financial Management (PFM) according to a leading European Union (EU) assessment, it was announced today, Wednesday, 27 May 2015. The TCI’s 2015…
May 29, 2015
US economy shrank in first quarter
The US economy shrank 0.7% in the first three months of 2015, compared to the same period last year. The Bureau of Economic Analysis significantly revised down its earlier economic growth estimate of 0.2%. The previous calculation underestimated the…
May 29, 2015
Greek bank deposits fall to decade low
Greek bank deposits have fallen to their lowest level in more than 10 years, as concerns persist over the country's debt burden and possible exit from the euro. Deposits stood at €139.4bn (£100bn) in April, a 3.9% decline on the previous month,…
May 29, 2015
American Express president dies on flight
American Express said its president, Ed Gilligan, died after becoming ill on a flight to New York. Mr Gilligan started his career at the company as an intern 35 years ago and became vice chairman in 2007 and president in 2013, it said in a…
May 26, 2015
Time Warner Cable in $78.7bn takeover
Charter Communications has agreed to buy media giant Time Warner Cable in a cash and shares deal worth $78.7bn (£52bn). The cash element is worth $55bn, with the rest covered by Charter shares. The new company, which will also include Bright House…
May 19, 2015
GOVERNMENT OUTLINES FINANCIAL YEAR PERFORMANCE
The Turks and Caicos Islands (TCI) government generated a US$77.3m operating surplus for the financial year ending 31 March 2015 it announced today, Wednesday, 13 May 2015. The surplus further consolidates the Islands’ position as one of the…