Business

February 4, 2011

Credit boom in Barbados

BUSINESSES ARE REPORTING a significant increase in debit and credit card use for customers’ purchases, as strict measures remain in place for the acceptance of cheques. More customers have apparently been flashing plastic in supermarkets and…

February 4, 2011

How federal spending cuts trickle down to you

In their push to downsize the federal bureaucracy, Republican lawmakers are flooding the field with proposals to lower federal spending. But, in a twist, their cuts could hit state and local budgets the hardest. Congress is singling out a tiny…

February 3, 2011

Oil hits US$101 a barrell as Egypt crisis mounts

Oil prices smashed through $100 a barrel Monday for the first time since the 2008…

February 3, 2011

Chinese government committed to strengthening Jamaica partnership

THE GOVERNMENT of China says it remains committed to strengthening the China-Jamaica partnership of common prosperity in the Chinese New Year, which begins today. His Excellency Chen Jinghua, ambassador of the People's Republic of China to…

February 3, 2011

Ford stock rally run out of gas?

Ford Motor has been very popular with both American car buyers and investors for the last two years. But over the past week, investors' love affair with the iconic automaker seems to have cooled. Shares of Ford (F, Fortune 500), which rose 88%…

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…