March 23, 2015
Greek and German leaders meet amid cash shortage fears
Greek Prime Minister Alexis Tsipras is meeting German Chancellor Angela Merkel amid mounting concern that Athens is running out of money. The two countries have been at odds over Greece's efforts to renegotiate the terms of its international…
March 22, 2015
TCIG REDUCES BUSINESS LICENSE FEES AS OF 1 APRIL 2015
The Revenue Department in the Ministry of Finance would like to inform the general public of the following in regards to the Business License program: o Cabinet has approved a reduction in fees averaging 50% across the board with effect from 1…
March 19, 2015
Barbados economy expected to show growth in 2015
The Barbados economy is expected to grow by two per cent per cent next year with the Central Bank reporting that fiscal adjustment measures have reduced the deficit by nearly one per cent of gross domestic product (GDP) so far this fiscal year. In…
March 13, 2015
US stocks fall on dollar’s strength
US shares ended the week lower, despite a small recovery on Thursday, as investors fretted over falling oil prices and a strong US dollar. At the end of trading on Friday, the Dow Jones was down 146 points - or 0.8% - at 17,749.57, while the S&P…
March 3, 2015
Bill Gates still world’s richest man, Forbes says
Billionaire philanthropist Bill Gates kept his spot as the world’s richest man, a rank he has held for 16 of the past 21 years, Forbes magazine said Monday. The Microsoft co-founder’s fortune increased $3.2 billion since last year to $79.2 billion,…
March 2, 2015
THE UK HAS APPROVED THE TURKS & CAICOS ISLANDS’ 2015-16 BUDGET
The Turks and Caicos and UK governments have agreed the Territory’s 2015-16 budget, it was announced today, Monday, 2 March 2015. The budgeted expenditure of US$224.7m is a 9% increase on the previous year, and proposes tax cuts, significant…
March 1, 2015
US Economic Growth Slower Than First Thought
U.S. economic growth was slower than first thought in the last few months of 2014. Friday's report from the Commerce Department says the gross domestic product expanded at a 2.2 percent annual rate in the fourth quarter. That is a bit slower than a…
February 26, 2015
RBS reports £3.5bn loss for 2014
UK state-owned bank RBS has reported a loss of £3.5bn for 2014, down from a £9bn loss the previous year. The results were hit by a £4bn writedown on the sale of its US business, Citizens. The bank's chief executive Ross McEwan confirmed he would not…
February 26, 2015
Ghana secures $1bn IMF loan in bid to revive economy
Ghana has struck a deal with the International Monetary Fund aimed at stabilising its troubled economy. The three-year deal follows months of talks prompted by the government's failure to meet targets on inflation, the budget deficit and growth. The…
February 18, 2015
New initiative funded by the FSC assists banks
The Turks and Caicos financial Services Commission (FSC) today announced that a recently set up Committee, made of representatives from all TCI licensed banks and chaired by the Commission, will be meeting tomorrow Tuesday February 17th, 2015.…