June 7, 2012
China cuts key interest rates to boost growth
China has cut its key interest rates for the first time since 2008, in an attempt to boost its slowing growth. The benchmark one-year loan rate was cut by a quarter of one percent to 6.31% while deposit rates were cut from 3.5% to 3.25%. The…
June 7, 2012
Spain bond auction: Borrowing costs edge up
There was strong demand for Spanish bonds at an auction on Thursday, which was seen as a key test of the country's ability to raise funds, but it had to pay a higher interest rate. The rate on the 10-year bonds was 6.044%, up from the 5.743% paid…
June 7, 2012
Digicel sues Govt for ‘misfeasance’
Digicel Bermuda is suing Government for substantial damages “for misfeasance in public office” as part of the protracted legal battle over its launch last year of international long distance. The Royal Gazette understands from a legal source…
June 7, 2012
Bermuda seeks Islamic finance business
“Open for Islamic business:” That’s the message Business Bermuda took to the World Islamic Banking Conference: Asia Summit in Singapore. “After a whirlwind of meetings, events, conferences, and media interviews in Shanghai, Beijing, Singapore,…
June 7, 2012
LIME & Digicel Could Face Legal Action In Fees Battle
Caribbean Cellular Telephone (CCT) has not ruled out the possibility of seeking legal action against regional carriers, LIME and Digicel to recover what the company termed as "massive loss" due to anti-competitive behaviour. Jose Luis Fernandez,…
June 7, 2012
Carrie Underwood triumphs at CMT awards
Country singer Carrie Underwood has won the top award at the CMT Music Awards in Nashville for the third time in six years. The former American Idol winner picked up the coveted video of the year prize for her track Good Girl. Underwood was the only…
June 7, 2012
Radio deal sparks royalties row
The first deal allowing a record label and its performers to be paid for AM and FM radio airplay in the US has been welcomed by the record industry. But the Recording Industry Association of America (RIAA) said the deal between radio giant Clear…
June 7, 2012
Kony’s LRA Still Recruits Chilren
The United Nations says that the Ugandan rebel group known as the Lord's Resistance Army (LRA) continues to perpetrate violations against children, including recruiting them as soldiers. A new report by U.N. Secretary-General Ban Ki-moon says the…
June 7, 2012
Report of First Doctor to Treat Wounded President Lincoln Found
Historians at the National Archives in Washington have made an astounding find — a written account by the first doctor to treat the mortally-wounded President Abraham Lincoln. The long lost report was discovered in a box at the National Archives…
June 7, 2012
At Least 78 Killed Near Syria’s Hama
Syrian activists said Wednesday pro-government militia and security forces killed at least 78 people, including women and children, in the central province of Hama. They said some of those killed in the villages of al-Kubeir and Maazarif were…