Month: May 2011

May 30, 2011

IMF may block aid payments to Greece, Juncker warns

The chairman of the eurozone finance ministers has warned that the IMF may not release the next payment in Greece's bail-out package.

May 30, 2011

Yuan at record high versus dollar after Treasury report

China's yuan has hit a record high against the US dollar after the US Treasury department said the Chinese currency was undervalued but not manipulated. The People's Bank of China (PBOC) fixed the yuan's mid-point at 6.4856 against the US dollar…

May 30, 2011

Barclays ‘considering buying regional Spanish bank’

Barclays is considering buying one of Spain's regional savings banks, it has been reported. It comes after the Spanish government said Barclays' boss Bob Diamond had met Prime Minister Jose Luis Rodriguez Zapatero in Madrid last week. The Sunday…

May 30, 2011

Philippines economy reports ‘modest’ 4.9% growth

Economic growth in the Philippines slowed down in the first quarter of 2011 due to lower government spending and a slowdown in global trade. The country's economy grew by a 'modest' 4.9% in the three months to March compared with the same period…

May 30, 2011

RBS launches China markets joint venture

Royal Bank of Scotland has launched a joint venture with a Chinese financial securities firm. The tie-up with China's Guolian Securities will allow RBS to manage share sales and issue debt in China's fast-growing financial markets. RBS Asia boss…

May 30, 2011

LeBron James: ‘I’m Not Better than Jordan’

Earlier last week NBA great Scottie Pippen started a firestorm by praising LeBron…

May 30, 2011

Djokovic, Nadal, Sharapova win

What was shaping up as a struggle for Novak Djokovic at the French Open suddenly turned into something of a stroll. Tied at a set apiece with big-hitting 2009 US Open champion Juan Martin del Potro when play was suspended because of darkness a…

May 30, 2011

WI keep faith with players

West Indies have kept faith with most of the players who served them during the recent home series against Pakistan, with the selection of their squads for the opening matches of India’s tour of the Caribbean. Choosing for the Twenty20…

May 30, 2011

Machel bags five at IRAWMA

Soca heavyweight Machel Montano with his band HD and Jamaican sensation Shaggy walked away…

May 30, 2011

Vybz Kartel: “Your Best Friend Can Turn Out To Be Your Worse Enemy”

Many of you have heard or seen the recent accusations made by my former associates in the past few weeks. I don’t know why all of these individuals, think the most appropriate action to take after a philosophical difference occurs is to go to the…