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…
October 13, 2013
JPMorgan Chase reports quarterly loss on legal costs
JPMorgan Chase has reported a loss in the third quarter after setting aside $9.2bn (£5.8bn) to cover legal bills. The bank lost $380m during the quarter, compared with a profit of $5.7bn in the same period last year. JPMorgan is currently in talks…
October 13, 2013
Royal Mail shares jump sharply on market debut
Royal Mail shares rose 38% to 455p in their first day of conditional dealings on the London Stock Exchange. The hugely oversubscribed sale was priced at 330p a share, valuing the 500-year-old firm at £3.3bn. At one point, the price hit 459.75p.…
October 13, 2013
Obama would sign short-term debt rise
US President Barack Obama is willing to sign a "clean" short-term increase to the US borrowing limit that is free from Republican budget and policy demands, his spokesman has said. Jay Carney's remarks came amid talks aimed at ending the twin…