December 13, 2011
Euro pact faces UK hurdle, ebbing market faith
Doubts rebounded yesterday over Europe’s ability to solve its debt crisis and rescue the imperiled euro, as investors worried that plans for closer fiscal unity will bring little immediate relief and exposed the continent’s deep political…
December 13, 2011
WTO brings changes to foreign trade companies
With both delicate hand-carving and efficient machinery, a Chinese furniture and arts and crafts exporting company is trying to shape the industry. After ten years in the business, the owner, Yu Heqin, is busy designing new products in the hope…
December 13, 2011
Occupy protests disrupt ports across US West Coast
Hundreds of anti-Wall Street protesters have blocked gates and delayed lorries at three ports on the US West Coast. The partial shutdown of harbours in California, Oregon and Washington states resulted in a handful of arrests, but no major…
December 12, 2011
China’s president promises to increase trade imports
China's President Hu Jintao has promised to increase imports, in an effort to…
December 12, 2011
Clegg warns European veto ‘bad for Britain’
Deputy Prime Minister Nick Clegg says David Cameron's veto of EU treaty changes was "bad for Britain" and could leave it "isolated and marginalised". But he blamed French and German "intransigence" and pressure from Eurosceptic Conservatives for…
December 12, 2011
Japan extends tax breaks on fuel-efficient vehicles
Japan has extended tax breaks for fuel-efficient vehicles, in a bid to help its struggling domestic car industry. Originally scheduled to expire in April, the incentive will continue until April 2015. Japan's domestic car sector has been hit by…
December 12, 2011
Digicel’s revenues up 16 per cent
Digicel, the Caribbean’s largest mobile telephone service provider with operations also in Central America and the Pacific, reported strong financial performance for the six months ended September 30, 2011. Digicel Group Limited—which comprises…
December 11, 2011
Chevron sells Caribbean gas stations
Puma Energy Caribe LLC says it has agreed to buy all of Chevron’s gasoline stations and underground storage tank facilities in Puerto Rico and the US Virgin Islands. The Swiss oil company says it will sign an undisclosed multimillion dollar…
December 11, 2011
Oil prices rise as EU closes in on new treaty
in New York. Brent crOil prices rose for the first time in three days, as the European Union moved closer to a plan that promises to fix the eurozone debt crisis. Benchmark crude rose US$1.07 yesterday to end the week at US$99.41 per barrel…
December 11, 2011
Bank of England holds interest rate at 0.50 per cent
THE Bank of England (BoE) on Thursday held its key interest rate at a record low 0.50 per cent, where it has stood for almost three years, amid ongoing turmoil for Britain's economy and the eurozone. The BoE's Monetary Policy Committee (MPC) also…