July 23, 2012
Two St.Lucians among 8 held for prostitution at bar in Trinidad
Officers in Trinidad, detained four Colombian women between the ages 18 to 30, two Venezuelans in their late 20s and two St Lucians, also in their late 20s at a popular central pub in Trinidad on Friday.The illegal immigrants according to reports…
July 23, 2012
Dominican Government officials dealt a salary slash
President elect Danilo Medina will have a salary cap of RD$400,000 (around US$10,000) per month, a figure no other Administration official can exceed, including expenses, and other perks. The announcement was posed Friday morning on the Senate…
July 23, 2012
CNOOC to buy Nexen in $15bn deal
China's biggest offshore oil producer CNOOC is poised to snap up Canadian rival Nexen in a $15.1bn (£9.7bn) deal. If approved the deal would mark China's largest foreign business takeover. State oil firm CNOOC has offered to pay $27.50 cash per…
July 23, 2012
Caribbean Airlines owes 500 million to Jamaican aviation authorities
Caribbean Airlines, CAL, has racked up more than half a billion dollars in unpaid fees to local aviation authorities since its take over of Air Jamaica.The sum represents fees owed to the Jamaica Civil Aviation Authority, and the Airport Authority…
July 23, 2012
Spain bans short-selling of shares as markets fall
Spain has banned short-selling of shares to try to limit price moves after markets fell sharply on fears the country may need a full bailout. Spain's market regulator blocked the practice for three months to try to restore order after sharp falls in…
July 23, 2012
Rupert Murdoch steps down from boards
Rupert Murdoch has stepped down from a string of company boards of directors just one month after his embattled News Corporation announced plans to separate publishing interests from its lucrative television and film operations. The Australian-born…
July 23, 2012
Blue-chips raise recession fears
Estimates of revenue growth for the largest US companies are being scaled back sharply by Wall Street analysts, signalling a mounting risk that the world's largest economy may enter recession later this year. The reduction in growth expectations for…
July 23, 2012
Penn State fined $60m over Jerry Sandusky sex abuse
US college sport authorities have fined Penn State University $60m (£39m) in the wake of child sex abuse perpetrated by a long-serving football coach. The university - a famous US football school - will be banned from competing for honours for four…
July 23, 2012
Colorado shooting suspect to make first court appearance
The man accused of opening fire in a crowded movie theater in Aurora, Colorado, is set to make his first court appearance Monday, giving the public its first look at the suspect since his arrest in an attack that authorities say was planned months…
July 23, 2012
South Sudan Makes New Peace Offer to Sudan
South Sudan has unveiled proposals to advance peace talks with Sudan, including billions of dollars in financial concessions. The two countries went to the brink of war in April, after failing to resolve issues on borders, oil and citizenship…