May 1, 2012
China manufacturing activity expands for fifth month
China's manufacturing activity has expanded for the fifth month in a row, easing concerns about a sharp slowdown in the world's second-largest economy. The official Purchasing Manager's Index (PMI) rose to 53.3 in April from 53.1 in March, the…
May 1, 2012
US consumer spending rises 0.3% in March
Americans increased their spending by 0.3% in March in a sign of the continuing recovery for the US economy. The rise, revealed in a Commerce Department report, also showed that personal incomes rose 0.4%. Economists closely watch consumer…
May 1, 2012
Canada, Barbados ties remain strong
A TOP Canadian business official said Barbados is not a tax haven! Rather, this country is a low tax jurisdiction and everything done here is compliant with Canadian laws. This vote of confidence in Barbados’ image in the global financial…
May 1, 2012
Acting LIAT CEO resigns
The acting CEO of LIAT Airline, Brian Challenger, has resigned. Challenger will spend his last day on the job on June 30. LIAT’s chairman, Jean Holder, says Challenger has made an important contribution to the airline during a difficult period.…
May 1, 2012
Delta Airlines to Produce Its Own Jet Fuel
U.S.-based Delta Airlines will soon be the world's first air carrier to produce its own jet fuel. Delta announced Monday it is buying a struggling oil refinery near Philadelphia from the Phillips 66 oil company for $150 million. The refinery has…
May 1, 2012
Obama Refuses Comment on Chinese Dissident
U.S. President Barack Obama has refused to confirm whether a blind Chinese dissident, who recently escaped from house arrest in Beijing, is under U.S. protection. In response to a reporter's question Monday, President Obama said he would not make…
May 1, 2012
Fighting Erupts in Mali
Witnesses in Mali say heavy gunfire has broken out in the capital, Bamako, about a month after a military coup d'état. The witnesses say the shoot-out on Monday involved troops who took part in the March coup and presidential guard members loyal to…
May 1, 2012
US Sends Japanese Turtle Smuggler to Prison
A court in Los Angeles on Monday sentenced a Japanese man to 21 months in prison for smuggling live turtles into the United States. Atsushi Yamagami was also ordered to pay an $18,000 fine. He pleaded guilty to charges of hiding 55 turtles and…