October 30, 2013
US shares hit fresh all-time highs
US shares hit fresh all-time highs on Tuesday, ahead of the conclusion of a Federal Reserve meeting that is expected to see economic stimulus measures maintained. On Wall Street the Dow Jones closed up 111 points at 15,680 - beating the previous…
October 30, 2013
India raises interest rates for the second month running
India's new central bank governor has raised interest rates for the second consecutive month by a quarter of one percent to 7.75% to try to fight inflation. The move applies to the benchmark repo rate - the rate at which the central bank lends to…
October 30, 2013
BP sees lower quarterly profits but beats forecasts
Oil giant BP has reported sharply lower profits for the third quarter of 2013. Underlying replacement cost profit, which strips out the effect of oil price movements, was $3.69bn (£2.29bn) - down from $5.02bn for the same period a year ago. BP said…
October 20, 2013
Caricom Has Ignored Invitation For Rum Talks, Says USVI Governor
US Virgin Islands Governor John de Jongh last Friday said Caribbean governments had refused to back away from plans to take ongoing rum dispute before the World Trade Organization (WTO). In March, de Jongh wrote to regional leaders urging them to…
October 20, 2013
China’s economic growth picks up speed in third quarter
China's economic growth picked up pace in the July-to-September period, the first rise in three quarters. The world's second-biggest economy grew 7.8% from a year earlier, up from 7.5% expansion in the previous quarter. The official figures also…
October 20, 2013
Toyota to recall 885,000 vehicles
Toyota is recalling 885,000 vehicles to fix a problem that could cause a water leak from the air conditioning unit. It said water could leak into the airbag control module, causing a short circuit and triggering a warning light. In some cases…
October 20, 2013
Tobago budget shortfall discussed by Howai & London
Tobago’s budgetary allocations, financing options for the funding gap, and the increasing need for data on economic activities in Tobago were among the critical issues discussed yesterday when Finance Minister Larry Howai met with Tobago House of…
October 20, 2013
Big Bank to be Penalized Big Dollars
The largest bank in the United States has tentatively agreed to pay $13 billion in fines, penalties and consumer relief to settle several investigations into bad mortgage loans it allegedly made. JP Morgan Chase and the U.S. Justice Department…
October 13, 2013
Republic of Ireland to exit bailout in December, says PM
The Republic of Ireland is on track to exit its international bailout programme by December, Prime Minister Enda Kenny says. He told the Fine Gael party conference in Limerick that although "fragile times" lay ahead "the economic emergency will be…
October 13, 2013
TCI welcomes big cut in roaming service rates
Digicel boss in the Turks and Caicos Islands, E Jay Saunders said customers in the island chain could save over 50 per cent on roaming services, following a big chop in rates announced last week by the telecommunications giant. "As a commercial…