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…
November 4, 2011
China pledges more help to other developing countries
Chinese President Hu Jintao said Thursday that his country will provide more help to other developing countries.
He made the pledge at a Group of 20 (G20) summit in this French seaside resort.
China would provide new loans to help developing c
November 4, 2011
Tepco to get $11bn government aid after plan approval
Tokyo Electric Power Company (Tepco) is set to receive 900bn yen ($11.5bn; £7bn) in bailout funds after the government approved its business plan. The funds are a part of the government's bailout plan for Tepco, which is expected to make a loss of…