Business

April 15, 2011

Jamaica achieves significant economic and social gains

Jamaica has been able to make significant economic and social gains, despite the continued effects of a fledgling global economy, said Governor General Sir Patrick Allen. Some notable achievements have been the government’s ability to reduce…

April 12, 2011

Retail banks should be ring-fenced, says commission

UK banks' retail operations should be "ring-fenced" from their investment banking arms, the Independent Commission on Banking has recommended. However, in its interim report the commission stopped short of recommending the two should operate as…

April 12, 2011

IMF says risks not expected to derail economic recovery

The global economy remains firmly on a path to recovery but threats to growth remain, the International Monetary Fund (IMF) has said. Among the challenges are rising oil prices, unrest in the Middle East, continued inflation in China and debt…

April 12, 2011

UK ‘will get Iceland money back’

Iceland's President Olafur Ragnar Grimsson has said that the UK and the Netherlands will get back the 4bn euros (£3.5bn) they paid when Iceland's banking system collapsed in 2008. That is despite the country rejecting the latest repayment plan in…

April 11, 2011

CARICOM’s problems create doubt for trading partners

Could a moment come when the Caribbean's partners in Europe and North America reconsider the way…

April 11, 2011

T&T manufacturers looking to set up plants in Jamaica

MANUFACTURERS in Trinidad and Tobago (T&T) including one large player are eyeing Jamaica with a view to establishing operations here, Minister of Industry Commerce and Investment Karl Samuda revealed last week. "They (Trinidadians) are satisfied…

April 11, 2011

European banks face ‘tougher’ stress tests

Europe's banking regulator has said that banks will be subject to tougher tests in its latest examination of their finances. It includes some Irish banks, including one which passed last year's test but later needed a government bail-out. The…

April 11, 2011

TNT shares drop 10% on impact of higher oil price

Shares in the Dutch logistics group TNT have fallen 10% after the company warned high oil prices and other problems would hit profits at its express unit. The company cut its earlier forecast of operating income of 400m-420m euros ($607m, £370m)…

April 11, 2011

Toyota to restart Japanese output at reduced capacity

Toyota will restart production at all of its Japanese factories between 18 and 27 April, the company has said. However, the world's biggest car manufacturer said that production at its domestic factories will resume at a reduced capacity. Production…

April 8, 2011

Gold retreats from record high after Japan quake

Gold was little changed on Thursday afternoon, retreating from a record high after another…