September 5, 2012
Deepwater Horizon: BP accused of gross negligence
The US Justice Department has accused BP of "gross negligence and wilful misconduct" over the Deepwater Horizon disaster, claims which BP denies. The allegations came in papers filed in the federal court in New Orleans. The Deepwater Horizon rig had…
September 5, 2012
Facebook: Mark Zuckerberg not to sell shares for a year
Mark Zuckerberg has said that he will not sell any of his shares in Facebook for at least one year in a bid to shore up investor confidence. His pledge came as Facebook shares hit an all-time low of $17.55 on Tuesday. There have been fears that as…
September 5, 2012
World Economic Forum, U.S Slipping
The World Economic Forum says the United States, with the world's largest economy, is slipping in its global competitiveness because its political leaders have failed to deal with the country's rising debt and continued deficit spending. On…
June 11, 2012
IMF puts Jamaica’s debt at 140% of GDP
The International Monetary Fund (IMF) says Jamaica's debt is 140 per cent of gross domestic product (GDP), 10 percentage points worse than the figure used by the Government, and has warned that it could climb to a Greek-like 150 per cent, or higher,…
June 11, 2012
Chavez: Venezuela concerned about lower oil prices
Venezuelan President Hugo Chavez says his government is concerned some fellow OPEC member countries are violating their quotas by producing too much oil. Chavez says Venezuelan Oil Minister Rafael Ramirez will bring up those concerns at next week's…
June 11, 2012
Markets welcome Spanish banks rescue deal
Markets in Europe and Asia have risen in response to the bailout of Spain's banks that was agreed over the weekend. On Saturday, eurozone ministers agreed to lend Spain's banks up to 100bn euros ($125bn; £80bn). The FTSE 100 in London rose 1.0%, the…
June 11, 2012
Gordon Brown gives evidence of row with Sun
Ex-Prime Minister Gordon Brown says lessons cannot be learned about press standards unless there is honesty about how details of how his son's cystic fibrosis was published by the Sun. He said he and his wife Sarah were "presented with a fait…
June 11, 2012
US commerce secretary John Bryson in car crash probe
US authorities are investigating car collisions involving US Secretary of Commerce John Bryson, who was later found unconscious at the wheel. There were three collisions on Saturday near Los Angeles, California, after which Mr Bryson was treated for…
June 8, 2012
Spain downgraded as bailout estimates mount
Spain's credit rating has been downgraded as estimates on the size of the bailout it needs begin to mount up. Fitch cut its rating on Spanish government debt by three notches to "BBB", a sign it thinks Spain's ability to honour its debts has…
June 8, 2012
US Fed chairman Bernanke ‘ready to act’ on economy
The chairman of the US Federal Reserve Bank said he is monitoring risks to the economy and is prepared to take action. Ben Bernanke was giving testimony to the US Congress, something which has been closely watched by investors looking for signs…