June 24, 2012
Eurozone four leaders agree economic growth package
Leaders of the eurozone's four biggest nations have agreed in principle to measures to boost growth equal to 1% of the currency area's economic output. Germany, France, Italy and Spain outlined plans to push for a 130bn-euros (£104bn; $163bn)…
June 24, 2012
Chile’s Lan and Brazil’s Tam merge to create huge airline
Chile's Lan airline has completed a takeover of Brazil's Tam, creating the world's second largest airline by market value, to be known as Latam. After two years of negotiations, Tam shareholders agreed to the takeover. The new company will have…
June 22, 2012
Moody’s downgrades 15 major banks
The credit ratings agency Moody's has downgraded 15 banks and financial institutions. UK banks downgraded include Royal Bank of Scotland, Barclays and HSBC. In the US, Bank of America, Citigroup, Goldman Sachs and JP Morgan are among those marked…
June 22, 2012
Moody’s downgrades 15 major banks
The credit ratings agency Moody's has downgraded 15 banks and financial institutions. UK banks downgraded include Royal Bank of Scotland, Barclays and HSBC. In the US, Bank of America, Citigroup, Goldman Sachs and JP Morgan are among those marked…
June 22, 2012
Spanish banks need up to 62bn euros
An independent audit of Spain's banks has found that they will need up to 62bn euros (£50bn) in extra funding. European authorities had already agreed to provide up to 100bn euros ahead of assessments of the banks' needs. Jean-Claude Juncker, the…
June 22, 2012
China and Brazil in $30bn currency swap agreement
China and Brazil have agreed a currency swap deal in a bid to safeguard against any global financial crisis and strengthen their trade ties. It will allow their respective central banks to exchange local currencies worth up to 60bn reais or 190bn…
June 22, 2012
Call rates hearing postponed until Monday
The application by Digicel seeking a stay of the implementation date of new interim termination rates announced by the Office of Utilities Regulation suffered a setback today. This, after LIME and the Fair Trading Commission (FTC) filed…
June 22, 2012
MIAMI WINS THE NBA FINALS 2012
The journey has ended and it took place in Miami. Lebron James not only won the bill Russell MVP award but won the NBA finals. The finals saw the Miami Heat dismissing the Oklahoma City Thunder 121-106 in Game 5 of the NBA Finals. James scored 26,…
June 22, 2012
Manny Pacquiao wins WBO after defeat by Timothy Bradley
Manny Pacquiao has won a WBO review into his split-decision defeat by Timothy Bradley earlier this month. On the night two judges scored the bout 115-113 in the American's favour, prompting boos around the MGM Grand. The WBO has now met with…
June 22, 2012
Windies try to keep step with England in final ODI
As West Indies geared up for the final One-Day International of the three-match series today, head coach Ottis Gibson admitted that he was at a loss to explain why his side had not lived up to expectations. The star-studded Caribbean side…