May 27, 2014
No plans to devalue the local currency in TNT
The Trinidad and Tobago government says there are no plans to devalue the local currency as the main opposition People’s National Movement (PNM) called for an end to the new system of foreign currency allocation that it claims could lead to the…
May 20, 2014
JPMorgan, HSBC and Credit Agricole accused of euro rate-fixes
The European Commission has accused JPMorgan, HSBC and Credit Agricole of colluding to fix a key euro benchmark borrowing rate - Euribor. JP Morgan and HSBC will fight the charges. Credit Agricole will study the European Commission's findings.…
May 20, 2014
Credit Suisse pleads guilty to helping ‘tax cheats’
Swiss banking giant Credit Suisse has pleaded guilty to helping thousands of US clients evade paying taxes to the US government and agreed to pay a $2.6bn (£1.5bn) fine. It is the biggest bank to plead guilty to criminal charges in the US in more…
May 20, 2014
US consumer prices rise by most in 10 months
Higher food and gas costs pushed up US consumer prices in April by the most in 10 months, evidence that inflation is ticking up from very low levels. The consumer price index rose 0.3 per cent last month after a 0.2 per cent gain in March, the…
May 20, 2014
Google resumes Glass sales in the US
Google is once again selling its Internet-connected eyewear to anyone in the US as the company fine-tunes a device that has sparked intrigue and disdain for its potential to change the way people interact with technology. The latest release of…
May 20, 2014
Digicel says mobile 4G now 92% population coverage
Telecommunication company, Digicel Jamaica, on Tuesday announced that it has recently completed “a massive expansion project” on its 4G mobile network, increasing its footprint to 92 per cent population coverage across Jamaica. According to the…
March 8, 2014
US Economy Added 175,000 Jobs in February
U.S. employers added 175,000 jobs in February, picking up the pace of hiring after two months of sluggish job growth. A senior economist at the country's biggest bank, James Glassman at JPMorgan Chase, tells VOA the advance in the labor market last…
March 8, 2014
Facebook’s WhatsApp purchase challenged
Facebook's purchase of mobile messaging service WhatsApp has been opposed by privacy groups. Mark Zuckerberg's firm is planning to buy the company for around £11bn. Opponents want US regulators to stop the deal until Facebook provides more…
March 8, 2014
Boeing checks 787 Dreamliners for wing cracks
Boeing is checking Dreamliner planes being produced in the US for potential "hairline cracks" in their wings. The move came after Japanese supplier Mitsubishi Heavy Industries warned Boeing that a change in its manufacturing process may cause…
March 8, 2014
Trini hotels score big with Carnival
Major hotels and guest houses in and around Port of Spain, Trinidad were booked solid for the Carnival season. The staff at the Hyatt Regency hotel, Capital Plaza, Carlton Savannah and several smaller guest houses said they had no room to spare.……