Business

May 19, 2011

US Stocks Advance

U.S. stock indexes advanced in Wednesday's trading. The Dow Jones Industrial Average rose seven-tenths of a percent to close at 12,560. The S&P 500 index gained nine-tenths of a percent to end at 1,341 while the NASDAQ gained 1.1 percent to…

May 19, 2011

ECCU accounting professionals increase capacity in financial reporting standards

Over 50 accounting professionals from the Eastern Caribbean Currency Union (ECCU) member countries are engaged in a train the trainers workshop on the international financial reporting standards (IFRS) at the ECCB headquarters in St Kitts and…

May 19, 2011

Japan’s Economy Shrinking at 4% Annual Rate

Japan says its economy shrank at an annual rate of nearly 4 percent during the first three months of the year, as the country struggles to recover from the March earthquake and tsunami. Japan's gross domestic product — the total of all goods and…

May 16, 2011

Canada banks propose rival stock exchange deal

Canada’s TMX Group, operator of the Toronto Stock Exchange, has received a takeover proposal…

May 16, 2011

BP faces tight deadline to seal Rosneft share swap

BP (BP.L) will struggle to meet a Monday deadline to complete its US$16 billion share swap with Russian group Rosneft, leaving the companies to agree a second extension or allow the deal to fall apart. BP Chief Executive Bob Dudley, who has been…

May 16, 2011

As stock market slows down, defensive stocks shine

After sailing through its best first quarter since 1998, the stock market is starting to lose some momentum. The Standard and Poor's 500 stock index, a broad market benchmark, is up just 1 percent this quarter after jumping 5.4 percent in the…

May 16, 2011

Late payments on mortgages fall again in 1st qtr

The number of homeowners making late payments -- or no payments -- on their mortgages fell for the fifth straight quarter in the first three months of 2011. But the figure remains stubbornly high compared with the pre-crisis norm, likely because…

May 16, 2011

Weak economic signals steer Asia down

A loss of momentum on Wall Street and worries over Europe's debt problems dampened investor enthusiasm and led Asian stock markets lower Monday. Oil prices fell below $99 a barrel Monday in Asia as crude became more expensive for investors with…

May 14, 2011

Eurozone’s economic growth accelerates

The economy of the 17 countries that use the euro grew by 0.8% in the first three…

May 14, 2011

Japan’s government approves Tepco compensation scheme

Japan's government has approved a plan to help Tokyo Electric Power (Tepco) compensate victims of the crisis at its tsunami-crippled nuclear plant. Payouts are expected to run into the tens of billions of dollars over the Fukushima nuclear plant…