News

May 17, 2011

POSTPONED – LE REVE FOURTH ANNUAL GALA BALL

  Organizers of the Le Reve Gala Ball announced that its “Mardi Gras” themed cocktail affair scheduled to be held on Saturday, June 11, 2011, at The Veranda Resort on Grace Bay Beach has been postponed until further notice. “Our patrons have become…

May 17, 2011

RO Plant repair Works in Grand Turk

Residents today were advised that the water problem that is still affecting Grand Turk is being worked on. RTC News today was informed that currently repair works are in progress to the Grand Turk water production (RO) Plant. The project Manager…

May 16, 2011

Haiti swears in new president

Michel Martelly was sworn in on Saturday as president of Haiti in a…

May 16, 2011

British women ambushed and raped on isolated beach

Two men were assisting police in their investigations after two female British nationals were reportedly ambushed and raped by six masked men while on an isolated beach on the island’s north east coast. Police said that the women, whose names…

May 16, 2011

Bulls take Game 1 from Heat, 103-82

Frustrated by a rough start, Derrick Rose(notes) stood up at halftime and apologized to his…

May 16, 2011

Canada banks propose rival stock exchange deal

Canada’s TMX Group, operator of the Toronto Stock Exchange, has received a takeover proposal…

May 16, 2011

BP faces tight deadline to seal Rosneft share swap

BP (BP.L) will struggle to meet a Monday deadline to complete its US$16 billion share swap with Russian group Rosneft, leaving the companies to agree a second extension or allow the deal to fall apart. BP Chief Executive Bob Dudley, who has been…

May 16, 2011

As stock market slows down, defensive stocks shine

After sailing through its best first quarter since 1998, the stock market is starting to lose some momentum. The Standard and Poor's 500 stock index, a broad market benchmark, is up just 1 percent this quarter after jumping 5.4 percent in the…

May 16, 2011

Late payments on mortgages fall again in 1st qtr

The number of homeowners making late payments -- or no payments -- on their mortgages fell for the fifth straight quarter in the first three months of 2011. But the figure remains stubbornly high compared with the pre-crisis norm, likely because…

May 16, 2011

Weak economic signals steer Asia down

A loss of momentum on Wall Street and worries over Europe's debt problems dampened investor enthusiasm and led Asian stock markets lower Monday. Oil prices fell below $99 a barrel Monday in Asia as crude became more expensive for investors with…