Month: February 2011

February 17, 2011

Australia banks may see credit rating cut, Moody’s says

Moody's Investor Service has put Australia's four biggest banks on a credit downgrade…

February 17, 2011

Indian billionaire Ambani questioned in telecom scandal

Anil Ambani, the billionaire chairman of Reliance Communications, has been questioned as part…

February 17, 2011

Bernard Madoff says banks knew of Ponzi scheme

Convicted fraudster Bernard Madoff has blamed others for being "complicit" in his scheme, which fleeced investors of billions of dollars. Madoff is serving 150 years in jail in the US for a $65bn (£40bn) fraud which deprived thousands of investors…

February 17, 2011

UK unemployment total rises again

UK unemployment rose by 44,000 to almost 2.5 million in the three months to the end of December, the Office for National Statistics (ONS) has said. Youth unemployment rose to a fresh record high, with more than one in five 16 to 24-year-olds out…

February 17, 2011

Oil prices rising on concerns of spreading unrest

Oil prices climbed yesterday as anti-government demonstrations broke out in Libya and Israel’s foreign minister claimed that Iran is about to send two warships through the Suez Canal on the way to Syria. The news added to tension in the region…

February 17, 2011

Inflation will rise sharply, says Mervyn King

nflation will rise sharply in the first half of this year before falling back next year, the Governor of the Bank of England, Mervyn King, has said. But he said there were "large risks" that inflation could overshoot or undershoot the Bank's 2%…

February 17, 2011

Captain Bruno ensures police advance to the finals

A superb century from Police Captain Garvin Bruno ensured that Police beat the Jamaican…

February 17, 2011

Mulling latest trade reports as deadline nears

For the next eight days, the trade reports are going to come more and more quickly. Reporters will disagree on…

February 17, 2011

Lance Armstrong confirms retirement from cycling

Seven-time Tour de France winner Lance Armstrong has confirmed he has retired from…

February 17, 2011

3 members of the Haitian U-17 team have malaria

The Ministry of Health last night confirmed that three members of the Haitian football team which is in Jamaica for the CONCACAF 17 World Cup qualifying championships were found to have malaria. In a release, the ministry said the three people…