Business

January 31, 2011

Suu Kyi to Davos: Myanmar must reconnect with world

Recently freed political activist Aung San Suu Kyi has urged the…

January 31, 2011

Ford’s stock plunges despite biggest profit since ’99

Ford Motor posted its highest annual income in more than a decade Friday, although fourth-quarter earnings disappointed investors. The problem for Ford was more one of expectations than execution, as Ford's results included a lot of good news, but…

January 31, 2011

EU considering overhaul of 440 billion euro rescue fund

Senior European leaders are negotiating an overhaul of the euro zone's 440 billion-euro ($599.1 billion) rescue fund in exchange for new austerity measures and closer surveillance on struggling states, a newspaper report said on Monday. The…

January 31, 2011

Gold rally biggest in 8 weeks as Egypt army rolls

Gold posted its biggest gains in eight weeks on Friday, gaining nearly 2 percent as the prospect…

January 27, 2011

Australia floods: PM Julia Gillard unveils new tax

Australia's Prime Minister Julia Gillard has announced a new tax to help pay for devastating floods that she says…

January 27, 2011

Microcredit in Bangladesh ‘helped 10 million’

Microcredit lifted 10 million Bangladeshis out of poverty between 1990 and 2008, according to a report. The work of Grameen Bank and others helped many families to raise their income above $1.25 a day, said the US-based Microcredit Summit Campaign.…

January 27, 2011

Credit Unions hard hit by economic downturn

The current economic environment is taking a serious toll on credit unions as more members face lay-offs and find it difficult to pay their loans on time. This was revealed by Central Bank Governor Ewart Williams, during yesterday’s launch of…

January 27, 2011

St Kitts-Nevis Development Bank committed to funding small and medium projects

When the European Investment Bank extended a new line of credit to the tune of US$8 million to the Development Bank of Saint Kitts and Nevis last December, its official observed that the local bank not only commands a leading position and…

January 27, 2011

US to offer amnesty for Caribbean offshore account-holders

The United States said it plans to announce a new amnesty programme aimed at encouraging wealthy Americans with hidden offshore bank accounts in the Caribbean and elsewhere to come forward, declare the funds and pay the necessary taxes.…

January 24, 2011

Rebuilding Haiti’s economy

A long-term, sustainable recovery in Haiti can't take place without job creation. Investing in reviving Haiti's…