June 18, 2012
Ex-Goldman Sachs director Rajat Gupta guilty of fraud
A former Goldman Sachs board member has been found guilty of four criminal counts of insider trading by a federal court in New York. Rajat Gupta, 63, denied illegally leaking boardroom secrets to Raj Rajaratnam, a former hedge fund manager now…
June 18, 2012
Caribbean businesses must focus on competitiveness
TRADE and Competitiveness in the Caribbean was one of the key subjects discussed at last week’s three-day conference on Trade Policy in Barbados. There were a number of presentations with one of them being done by Annabelle Haynes of the…
June 18, 2012
Australia’s Fairfax cuts jobs and changes newspapers
Australia's Fairfax Media will shed 1,900 jobs over three years and give two high-profile broadsheets a new "compact" format, it has announced. Websites of the two newspapers, The Age and The Sydney Morning Herald, will also introduce pay walls…
June 18, 2012
Italy selling off state assets to reduce debt mountain
The Italian government hopes to raise 10bn euros (£8.1bn; $12.6bn) selling off three state-owned companies, in a bid to reduce its crippling debt mountain. Prime Minister Mario Monti described the measures, which include a reduction in the number…
June 18, 2012
Egypt’s military ‘grants itself sweeping powers’
Egypt's ruling military has issued a declaration apparently granting itself sweeping powers, as the country awaits results of presidential elections. The document by the Supreme Council of Armed Forces (Scaf) reportedly says new general elections…
June 18, 2012
Iran nuclear talks to resume in Moscow
A new round of talks on Iran's controversial nuclear programme is due to open in Russia's capital, Moscow. The two-day meeting between Iran and six world powers follows inconclusive sessions in Istanbul and Baghdad over the last two months. Earlier…
June 18, 2012
Greece Conservatives Win Parliamentary Elections
Greece's pro-bailout parties won a slim parliamentary majority in Sunday's elections, after an inconclusive general election in May failed to produce a government. The radical leftists who had vied for first place conceded defeat, after official…
June 18, 2012
Greek political leaders share optimism, casting ballots in critical national polls
Greek political leaders shared optimism over the outcome of Sunday's critical national polls, the second in six weeks that could determine the country's economic future and whether it could stay in the eurozone. "I am certain my fellow Greek…
June 18, 2012
EVote Counting Begins in Egypt, Military Asserts Power
As election officials began counting ballots in Egypt's presidential runoff, the ruling military issued an interim constitution handing itself sweeping powers, including legislative authority, after a court dissolved the Islamist-led parliament.…
June 17, 2012
Ronaldo double sends Dutch out
A scintillating Cristiano Ronaldo double put Portugal into the European Championship quarter-finals and sent the Netherlands out. The Dutch needed to win by two clear goals to stand a chance of progressing and Rafael van der Vaart's lovely curling…