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…
April 8, 2011
Oil rises to 2-1/2 high on Mideast turmoil
Oil prices ended at 2-1/2-year highs on Thursday as supply worries tied to fighting in Libya and Middle East turmoil overshadowed demand concerns spurred by a boost in euro zone interest rates and as a major aftershock struck Japan. Brent crude…
April 8, 2011
IMF says worth exploring borrowing from markets
The International Monetary Fund said on Thursday it was worth exploring ways that the global institution could borrow from financial markets at short notice to raise additional funding for its lending programs. In a paper that looks at progress…