November 25, 2014
Flight attendant guilty of money laundering
A Dominican flight attendant was on Monday fined EC$10,000 to be paid forthwith or spend 9 months in jail in connection with two money laundering charges. Thirty-year-old Sherita Kernelle Newton, an employee of regional carrier LIAT, was charged…
November 15, 2014
Oil prices likely to fall into next year, says IEA
Oil prices are likely to continue falling well into 2015, the International Energy Agency has said. The IEA, a consultancy to 29 countries, said weak demand and the US shale gas boom meant crude's recent fall below $80 a barrel was not over. On…
November 15, 2014
Exxon to become second largest firm to Microsoft
Energy giant Exxon has ceded its position as the world's second-largest public company to tech firm Microsoft, after concerns about the falling price of oil drove its shares down. Exxon's shares traded at $94.90 midday on Friday, reducing the total…
November 13, 2014
Baptist Hospital is First Hospital in South Florida as a Comprehensive Stroke Center
Baptist Hospital of Miami, in partnership with Baptist Health Neuroscience Center, has received certification as a Comprehensive Stroke Center from The Joint Commission and the American Heart Association/American Stroke Association. Baptist Hospital…
November 11, 2014
Jamaica to export more banana to the UK
Jamaica will be supplying more bananas to the United Kingdom (UK), while Trinidad and Tobago has given clearance for the produce to enter its territory. Agriculture Minister Derrick Kellier said last week that on October 16, a contract was signed…
November 10, 2014
‘Too big to fail’ bank rules unveiled by global regulators
The rules, created by the Financial Stability Board (FSB), a global regulator, will require big banks to hold much more money against losses. Mark Carney, FSB chairman and governor of the Bank of England, said the plans were a "watershed" moment. He…
November 7, 2014
Scotiabank to close several branches in the Caribbean
Canada’s Scotiabank has announced plans to shut or shrink 120 branches, largely in Mexico and the Caribbean, in a bid to save CAN$120 million (One Canadian dollar =US$0.87 cents) annually. The bank said it would close down 35 of its 200 branches in…
October 30, 2014
Barclays sets aside £500m in currency probe
Barclays has set aside £500m to cover potential costs from investigations into currency trading. Barclays is among several banks being probed relating to alleged rigging of currency markets. It also set aside an extra £170m to compensate customers…
October 28, 2014
Chiquita okays US$681m Brazilian bid
Chiquita has sealed a deal to be acquired by two Brazilian companies for about US$681 million, with the US-based banana producer expected to go private by the end of this year or early next. The deal comes just days after the fresh produce company's…
October 27, 2014
France in new pledge to cut budget deficit
France's finance minister says the country plans to cut its budget deficit by €3.6-3.7bn (£2.84bn, $4.6bn) next year in a bid to meet European Union rules. The minister, Michel Sapin, made the promise in a letter to the European Commission. The plan…