December 15, 2014
Greek central bank boss warns of ‘irreparable’ damage
Greek's economy faces "irreparable" damage from the ongoing political crisis, the boss of its central bank has warned. "The crisis in recent days is now taking serious dimensions...and the risk of irreparable damage for the Greek economy is now…
December 15, 2014
Russian rouble falls to new low against US dollar
The Russian rouble has dropped to a new low against the US dollar, as falling oil prices and Western sanctions continue to weigh on the country. As of Monday afternoon, it takes more than 60 roubles to buy a single dollar.The 60 mark is considered a…
December 10, 2014
Dominican military ‘linked’ to US$22.0M bank fraud
National District prosecutor Yeni Berenice Reynoso on Tuesday called for international cooperation in the Banco Peravia bank US$22.0 million fraud case and revealed that several military officials are being investigated for alleged links. She said…
December 9, 2014
Cable & Wireless Communications’ Shareholders Vote Overwhelmingly in Favour of Merger with Columbus International
Shareholders of Cable & Wireless Communications plc (“CWC”), the parent company of LIME, today voted overwhelmingly in favour of the merger with Columbus International Inc. (“Columbus”), operator of the consumer brand, Flow. Following the…
December 5, 2014
US adds 321,000 jobs in November
The US economy added 321,000 jobs in November, while the unemployment rate stayed at 5.8%, official Labor Department figures show. The number of jobs created was well above analysts' forecasts of about 225,000 new jobs in the month. US employers…
December 4, 2014
St Vincent gov’t offers tax break on end-of-year bonuses
The St Vincent and the Grenadines government says it will give a tax break to any firm or individual employer who pays their workers an end-of-year bonuses of EC$250 (One EC Dollar=US$0.37 cents) or more. Employees will not be taxed on the first…
December 3, 2014
South Stream gas line cancelled by Russia’s President
Russian President Vladimir Putin's announcement that he is cancelling the planned $50bn (£32bn; €40bn) South Stream gas pipeline has caused a mixture of surprise, relief and dismay in countries dependent on Russian gas across central and eastern…
December 1, 2014
US Black Friday sales fall 11%
US retailers reported sluggish Black Friday spending, with sales falling 11% from the same period last year, according to the National Retail Federation (NRF). US consumers spent on average $380.95 per person, down 6.4% from a year ago. Overall,…
November 26, 2014
HSBC and Goldman sued for allegedly fixing metal price
Goldman Sachs and HSBC are among four platinum and palladium dealers to be sued in New York for allegedly fixing the price of the metals. The four companies are said to have rigged prices for eight years. BASF and Standard bank were also sued in the…
November 25, 2014
US economy grows faster than first forecast
The US economy grew much faster than first reported during the third quarter, official figures have shown. It expanded at an annualised rate of 3.9% between July and September, up from the 3.5% first estimated by the Bureau of Economic Analysis. The…