Month: April 2011

April 30, 2011

Caribbean Airlines-Air Jamaica deal hits snag

The finalisation of the Caribbean Airlines-Air…

April 30, 2011

EU investigates banks over credit default swaps use

The EU's competition authorities are investigating the activities of nine of the world's…

April 30, 2011

Gold hits new record high as US dollar weakens

The price of the precious metal hit a new record high for the third straight day of $1,569.30 on the back of a weakening US dollar. The gold price has risen 7% over the last month as investors have sought a save-haven against inflation and the…

April 30, 2011

China’s yuan rises past 6.50 against the US dollar

China's currency, the yuan, strengthened past a key level against the US dollar on Friday, as part of wider efforts to contain inflation on the mainland. The yuan broke past 6.50 against the dollar, a level not seen since 1993. Traders and…

April 30, 2011

Eurozone inflation rate increases to 2.8%

The eurozone's inflation rate edged up to to 2.8% in April from March's figure of 2.7%, according to official data from Eurostat. The increase takes inflation further away from the European Central Bank's target of just below 2%. The cost of raw…

April 30, 2011

Cuba to allow sale of private homes for first time since the revolution

Cuba plans to allow people to buy and sell their homes for the first time since the 1959 revolution brought Fidel Castro to power, the BBC reports. The decision came during the first congress held by the ruling Communist party in 14 years. No…

April 30, 2011

Floyd Mayweather hearing delayed for a third time

Floyd Mayweather's hearing on domestic violence charges, for which he could be jailed…

April 30, 2011

Windies fall further behind

Penetrative bowling from Ravi Rampaul and Devendra Bishoo was upstaged by a typically resolute, unbeaten 62 from Misbah-ul-Haq that guided Pakistan to a series-clinching, three-wicket victory over West Indies in the third one-day international…

April 30, 2011

Celtics still waiting on Shaq

For most of the last three months, Doc Rivers has relayed optimistic reports on Shaquille O'Neal's recovery from a "minor" injury to his right calf. One thing the Boston Celtics coach doesn't need to hear from a trainer: whether O'Neal will be any…

April 30, 2011

Novak Djokovic beats Blaz Kavcic at Serbia Open

Novak Djokovic remains unbeaten in 2011 after easing past Blaz Kavcic to reach the semi-finals of the Serbian Open. The home favourite won 6-3 6-2 to extend his winning run to 28 matches, 26 of which have come this year. Djokovic will next face…