October 6, 2013
US shutdown is starting to hit business, says Commerce Secretary
US Commerce Secretary Penny Pritzker has warned that business is starting to suffer from the federal shutdown. Her comments at the Asia-Pacific Economic Cooperation (Apec) came as leaders gathering for the summit voiced worries about the US…
October 6, 2013
Twitter wants to raise $1bn in its stock market debut
Social networking company Twitter has said it plans to raise $1bn (£619m) in its stock market debut in documents filed with US regulators. In the filing, revealed on Thursday, the seven-year-old company said that it now has 218 million monthly…
October 6, 2013
CAL, Fly Jamaica denied US rejects Fly Jamaica, CAL bids for direct Guyana-New York flights
The US Government has denied applications by Fly Jamaica and Caribbean Airlines Limited (CAL) to offer direct flights between Georgetown, Guyana and New York. "By this order we deny the requests of Fly Jamaica Airways Limited, a foreign air carrier…
October 6, 2013
Swiss regulator investigates banks over foreign exchange deals
Switzerland's financial regulator is investigating possible manipulation of foreign exchange rates at several Swiss financial institutions. The regulator, FINMA, said several banks, including some from outside Switzerland, could be implicated.…
October 6, 2013
2,000 local and foreign reps for 2014 competitiveness forum in T&T
Trinidad and Tobago will host about 2,000 foreign and local public and private sector representatives in Port of Spain when the country holds the Americas Competitiveness Forum (ACF) next year. Prime Minister Kamla Persad-Bissessar made the…
October 6, 2013
London seeks talks with Howai over THA budget allocation
Tobago House of Assembly (THA) Chief Secretary Orville London is seeking an urgent meeting with Finance Minister Larry Howai to “discuss financing options that must now be explored” in light of the $2.4 billion allocation provided to the THA in the…
October 2, 2013
US spy chief: Shutdown ‘damaging’
Senior US intelligence officials have warned the shutdown of the US government "seriously damages" spy agencies' ability to protect the US. Director of National Intelligence James Clapper told a Senate panel that an estimated 70% of intelligence…
October 2, 2013
Goldman Sachs’ Blankfein warns on debt ceiling impasse
Goldman Sachs' boss Lloyd Blankfein has warned that a failure to raise the nation's borrowing limit would be "extremely adverse". The warning came after a meeting between US president Barack Obama and 15 heads of big firms on Wednesday. Business…
October 2, 2013
CARICOM and Spain reach agreement on citizen security project
The Caribbean Community (CARICOM) says it has entered into an agreement with Spain for a citizen security project that will focus on youth and gender issues, as well as youth entrepreneurship. The Guyana-based CARICOM Secretariat said the…
October 2, 2013
Ryanair fined 8m euros by French court
A French court has fined Ryanair more than 8m euros (£6.7m) after ruling that it had broken local labour laws. The court found Ryanair acted illegally when it employed more than 120 staff on Irish contracts at its former Marseille operating hub…