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- Newland to buy UK petroleum, Brazilian iron ore assets
Newland Resources Ltd has signed a letter of intent with Pacific International Management Inc to acquire 50% of Zeus Petroleum Ltd, a UK petroleum exploration company, and a 26% interest in South American Ferro Metals Ltd (SAFM) a British Virgin Islands
- Romania: Imotrust takes over Asco Bacau
Imotrust real estate developer took over Asco Bacau for EUR 6.1 million after buying a 58% stake from Inkotown Universal, a Virgin Island based company. The company bought Asco for developing a real estate project on its land. Asco real estate assets are
- Two charged after Brits murder
> ROAD TOWN, British Virgin Islands (AP) Police have arrested two suspects in the 2006 slaying of a Briton who managed the renovation of a highend resort in the British Virgin Islands. Suspect Cecil Penn, 48, was a local contractor hired by homicide
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During the 17th century, the archipelago was divided into two territorial units, one English and the other Danish. Sugarcane, produced by slave labor, drove the islands' economy during the 18th and early 19th centuries. In 1917, the US purchased the Danish portion, which had been in economic decline since the abolition of slavery in 1848.
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