Business

November 9, 2011

China’s inflation rate eases for third straight month

China's inflation rate has slowed for a third straight month in October, as the government continues to try to cool economic growth. Consumer prices rose 5.5% in October compared with the same month a year earlier, the National Bureau of…

November 8, 2011

Italy borrowing rates hit record

The Italian government's borrowing cost has risen as fears grow over political uncertainty in Rome.

November 8, 2011

Greek Politicians Try to Reach Agreement on Interim Government

European finance ministers are awaiting the formation of a new government in Greece before deciding whether to hand the country another segment of its bailout money. The ministers met late Monday in Brussels to consider the $11 billion Greek…

November 8, 2011

Buffett goes on $20 billion stock buying spree

In the worst quarter for U.S. stocks since the financial crisis, investor Warren Buffett went on a stock buying spree. A filing late Friday from Buffett's Berkshire Hathaway (BRKA, Fortune 500) shows it bought $20 billion in stocks in the three…

November 8, 2011

Panama wants TT’s LPG

PRIME MINISTER Kamla Persad-Bissessar disclosed that the Panamanian government is interested in purchasing liquefied petroleum gas (LPG) from Trinidad and Tobago. The Prime Minister made this disclosure at a news conference at Piarco…

November 7, 2011

Europe: The worst-case scenarios

Worries about Greece's future are front and center yet again, as Greek Prime Minister…

November 7, 2011

G20 rejects extra help for debt-strapped Europe – Italy agrees to IMF scrutiny

At one of the most disarrayed G20 summits ever, Italy agreed Friday to submit to rare scrutiny by the International Monetary Fund to boost confidence that it will carry through necessary fiscal reforms, the latest step in Europe's struggle to…

November 7, 2011

Most of US unemployed no longer receive benefits

The jobs crisis has left so many people out of work for so long that most of America’s unemployed are no longer receiving unemployment benefits. Early last year, 75 per cent were receiving checks. The figure is now 48 per cent—a shift that points…

November 7, 2011

BP’s US$7b Argentine sale collapses

BP’s US$7 billion deal to sell its stake in South America’s Pan American Energy has collapsed because of legal issues, the would-be Chinese and Argentine buyers said on Sunday. China's biggest offshore oil producer CNOOC Ltd and Argentina’s…

November 7, 2011

LIME bleeds $1.3 billion in 2Quarter

TELECOMMUNCIATIONS provider LIME Jamaica reported a net loss of $1.3 billion over the second quarter ending September 30, 2011, but found a silver lining in a 11 per cent increase in mobile revenues and a three per cent growth in its postpaid…