February 29, 2012
US creates task force to target unfair trade practices
US President Barack Obama has created a new trade task force to investigate and crack down on unfair practices by American trading partners. The move comes amid concerns that unfair trading practices, especially by China, were harming US…
February 29, 2012
Elpida plunges 98% after bankruptcy protection filing
Shares of Elpida have plunged on the Tokyo Stock Exchange (TSE) after investors dumped stock after firm filed for bankruptcy protection. The company shares dipped as much as 98% to 5 yen. The TSE has said that it will delist Elpida from 28 March.…
February 29, 2012
Portugal passes latest bailout review
Portugal has passed the latest review of its continuing spending cuts and economic reforms, the country's Finance Minister Vitor Gaspar has said. It paves the way for the government to receive the next 14bn euros ($19bn; £12bn) round of bailout…
February 29, 2012
Markets rise on increase in US consumer confidence
Markets rose slightly on yesterday in volatile trading as an upbeat US consumer confidence indicator offset worries over Ireland's decision to hold a referendum on the plan to tie the 17 euro countries closer together. A forecast-busting consumer…
February 29, 2012
Digicel, FTC challenge continues
Lawyers will continue submissions in the Supreme Court tomorrow in an action brought by telecoms provider Digicel Jamaica challenging the jurisdiction of the Fair Trading Commission (FTC) in its legal attempt to roll back the Digicel-Claro deal.……
February 29, 2012
Deadly Riots in China’s Troubled Xinjiang Region
Chinese state media say at least 12 people died Tuesday during violent disturbances in the remote northwestern region of Xinjiang. The official Xinhua news agency says rioters killed 10 people and injured several others in Yecheng County near…
February 29, 2012
Romney Wins Arizona, Michigan
U.S. presidential hopeful Mitt Romney claimed victories in two primary contests Tuesday, easily winning Arizona and pulling ahead in the tough battle in his native northern state of Michigan. Romney thanked cheering supporters Tuesday night for…
February 29, 2012
UN: Assad’s Crackdown Has Killed ‘Well Over 7,500′ People
A senior U.N. official says Syrian President Bashar al-Assad's deadly crackdown on an opposition uprising has killed “well over 7,500″ people, an increase of 2,100 from the death toll provided by the world body last month. U.N. political chief…
February 29, 2012
EU Pulls Ambassadors Out of Belarus
European Union members are pulling all their ambassadors from Belarus after its the authoritarian government ordered the Polish and EU ambassadors out of the country. Belarus ordered the envoys to leave in reaction to new EU sanctions imposed…
February 29, 2012
GOVERNOR DECLINES CONSUMER ELECTRICITY PRICE RISE
Consumers and most businesses across the Turks and Caicos Islands will not face electricity price rises for the next 12 months following discussions with Fortis TCI involving His Excellency, Governor Ric Todd, and TCI Government staff, it was…