May 11, 2012
World markets recover from stumble over Europe elections
Stock markets recovered around the world following an early stumble caused by election results in France and Greece that appeared to jeopardise Europe’s plans for fighting its debt crisis. Greek voters over the weekend punished mainstream…
May 11, 2012
US oil prices lower, further declines expected
Brent crude continued its descent, falling by 18 cents per barrel to US$113.02 yesterday. But benchmark US oil rose slightly, adding 42 cents to US$97.23. Analysts say oil prices should keep falling this summer if supplies grow as expected. OPEC…
May 8, 2012
Court document says Olint gave JLP US$5m and PJ denies getting US$1m from OLINT
The Jamaica Labour Party (JLP) has admitted that Olint’s David Smith was one of its contributors for the 2007 election campaign. But the JLP says it will be investigating the claim made here in the Turks and Caicos Supreme Court document that…
May 8, 2012
Google breached Oracle’s Java copyright, US jury finds
A US jury has found that internet giant Google breached copyright in a case brought by Oracle over its Java programming language. But the jurors were unable to agree on whether Google's actions constituted "fair use" under copyright law. Oracle…
May 8, 2012
Shares recover as election fears prove short-lived
European shares finished higher as investor concerns about government austerity plans following weekend election results proved short-lived. Pro-bailout parties in Greece performed poorly, while Francois Hollande won the French presidency,…
May 8, 2012
GE in tie up with XD Electric as it eyes China’s market
General Electric (GE) has announced a tie-up with China's XD Electric to tap into China's fast growing market for electric transmission and distribution. GE has agreed to buy a 15% stake in XD, one of China's largest makers of power transmission…
May 8, 2012
Airbus and Boeing hit by plane cancellations
Airlines have cancelled a total of 32 orders for planes so far this year, according to data from the world's two major plane makers. US giant Boeing said it had 25 orders of its flagship plane, the 787 Dreamliner, cancelled by airlines without…
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…