June 30, 2015
Greece debt crisis: ‘Last-minute talks after new offer’
Last-minute talks are taking place in Athens over whether to accept an offer by creditors allowing Greece to repay part of its debt, Greek media say. Greece is hours away from a deadline to repay a €1.6bn (£1.1bn) loan to the International Monetary…
June 23, 2015
Eurozone leaders hopeful of deal in the Greek Debt Crisis
Eurozone leaders have broadly welcomed new proposals for Greek reforms amid hopes a deal can be struck within days to stop Greece defaulting on its debt. German Chancellor Angela Merkel said Greece's latest offer constituted "some progress". But she…
June 22, 2015
DAIC attends Third Regional Caribbean Growth Forum
The DAIC, at the invitation of the Government of St. Lucia, attended the “Third Regional Caribbean Growth Forum”, Pigeon Island, St. Lucia, June 16-17, 2015. Dominica had representation from the Dominica Manufacturers Association and the Dominica…
June 22, 2015
IMF predicts economic growth for St Kitts-Nevis
The International Monetary Fund (IMF) says St Kitts-Nevis is at a turning point where the twin island Federation has the opportunity to establish itself on a sustainable long-term growth pattern. An IMF delegation has just ended a two week visit to…
June 17, 2015
Swiss banks ‘reported possible money laundering’
Swiss prosecutors are investigating 53 cases of possible money laundering in their inquiry into bidding for the 2018 and 2022 Fifa World Cups. Attorney General Michael Lauber said the incidents had been reported by Swiss banks. He said his office…
June 16, 2015
DIGICEL BUSINESS WINS AVAYA’S BEST PROJECT OF THE YEAR AWARD
Digicel, the region’s leading Business Solutions provider, recently won the highly coveted, Avaya Caribbean-wide Project of the Year award thanks to its ICT and Unified Communication platform deployed at the Queen Elizabeth Hospital (QEH) in…
June 10, 2015
RBS government stake to be sold, chancellor announces
The government plans to sell its stake in the Royal Bank of Scotland, Chancellor George Osborne has announced in his annual Mansion House speech. Mr Osborne said the "decision point" had been reached. Governor of the Bank of England Mark Carney said…
June 10, 2015
Mainland Chinese shares down after MSCI delay
Mainland Chinese shares headed lower after US index provider MSCI said it would hold off including China-listed shares in one of its key benchmark indexes. The delay to include the shares was seen as a setback in China's attempts to open up its…
June 5, 2015
Tsipras tells lenders not to humiliate Greece over debt
Greece's prime minister has warned international creditors not to impose humiliating terms on his country as it seeks urgently needed bailout funds. Alexis Tsipras said negotiations were at a "critical" stage, but that the lenders' proposals were…
June 4, 2015
IMF asks US Federal Reserve to delay rate rise
In an unusual move, the International Monetary Fund urged the US central bank to delay any rise in interest rates until 2016. IMF managing director Christine Lagarde said the Federal Reserve should wait to see "more tangible signs of wage or price…