October 23, 2017
Guyana bank directors in fraud case offered bail
Eight directors with the Guyana Bank For Trade Industry were released when they appeared in Court on Monday. They are all charged with failing to comply with an order of the High Court, in relation to providing information about the movement of…
October 20, 2017
Wall Street finishes week at fresh highs
The main Wall Street indexes finished at fresh record highs on the back of increased confidence that President Trump's tax cut plan will progress. The Dow Jones rose 165.59 points to 23,328.63, while the Nasdaq index was 23.99 points higher at…
October 19, 2017
UK banks ‘exposed to money laundering in South Africa’
UK financial regulators and the Serious Fraud Office are to review if banks HSBC and Standard Chartered are linked to a South Africa corruption scandal. It comes after Lord Peter Hain said the banks may "inadvertently have been conduits" for…
October 17, 2017
Reversing Brexit would boost economy, says OECD
Reversing the Brexit process would boost the UK economy, the international economic body, the OECD has said. A new referendum or a change of government leading to the UK staying within the EU would have a "significant" positive impact on growth, the…
October 11, 2017
Trump open to a bilateral Canada-US trade deal
President Trump says if talks to reform Nafta fail, he could envisage a US-Canada trade pact, excluding Mexico. The US president said if there was no deal on the North American Free Trade Agreement, it would be terminated. He was speaking at the…
October 9, 2017
World Bank chief sounds alarm over job automation
The world is on a "crash course" as people's hopes collide with a future in which millions of jobs are automated, the World Bank chief has said. Jim Yong Kim said policymakers should take action by investing in education and health. The World Bank…
October 8, 2017
Netflix raises prices for first time in two years
Netflix has raised prices in countries including the UK and US for the first time in two years. The streaming video service will also increase subscription charges in some European countries, a spokeswoman said. A standard UK plan will rise 50p to…
October 8, 2017
Electricity System Upgrade and Expansion Project launched in Suriname
The Caribbean Development Bank (CDB), and the Government of Suriname have partnered to deliver a more reliable, efficient and sustainable electricity supply in that country. The Electricity System Upgrade and Expansion Project, which will be…
September 27, 2017
World’s second biggest diamond sells for $53 million
The world's second-biggest diamond has finally found a buyer. After failing to sell at a Sotheby's auction last year, the 1,109-carat uncut stone has now fetched $53 million in a private sale to luxury jeweler Graff Diamonds. The seller, Canada's…
September 4, 2017
US dollar losing its lustre as safe haven investment
In times of uncertainty or crisis, investors typically take refuge in “safe” options like the Swiss franc, gold or the US dollar, but under President Donald Trump the greenback has lost its lustre, especially to the euro. After this week's North…