News

December 15, 2011

Guyana police commissioner accused of rape

Guyana’s Police Commissioner Henry Green is facing allegations that he violently…

December 15, 2011

Bahamas earning too little to make ends meet, says IDB

The Bahamas “is just not earning enough to make ends meet”, according to the lead economics specialist for the Caribbean at the Inter-American Development Bank (IDB). The forecast from Valerie Mercer-Blackman follows the Debt Analysis & Fiscal…

December 15, 2011

St Kitts hosts regional security conference

St Kitts and Nevis Prime Minister Dr Denzil Douglas discussed local, regional and international security issues on Monday with Commander of the United States Southern Command (USSOUTHCOM), General Douglas Fraser ahead of a Caribbean Nations…

December 15, 2011

Cuba appreciates solidarity from CARICOM on US blockade

“Cuba appreciates that CARICOM countries share a clear position against the economic, commercial and financial blockade imposed by the United States of America against Cuba and openly express themselves publicly in this regard”. These were the…

December 15, 2011

Eurozone faces winter recession, Ernst & Young says

The eurozone is facing a "bleak" winter, according to audit firm Ernst & Young. A "mild" recession…

December 15, 2011

UK’s unemployment at highest level in 17 years

Austerity measures, prolonged economic weakness and a eurozone crisis have taken their toll on Britain’s work force, with figures published yesterday showing that unemployment has reached a 17-year high. Britain’s government has staked its…

December 15, 2011

Bank of Japan says businesses are pessimistic

Japanese manufacturers' sentiment has turned pessimistic due to a strong yen and Europe's debt crisis, the latest Tankan survey has found. In its quarterly survey, the Bank of Japan said large manufacturers' sentiment in the three months to…

December 15, 2011

Bernanke worries Europe’s woes will spill into U.S.

Federal Reserve Board Chairman Ben Bernanke told Republican senators on Capitol Hill on Wednesday that he's concerned about European sovereign debt problems spilling over to the U.S. economy, according to senators. The Senate Republican caucus…

December 15, 2011

China to tax US-made car imports in trade dispute

China will levy duties on some cars made in the US in the latest escalation of trade disputes between the two largest economies. China's commerce ministry said in a statement that vehicles were being dumped on the Chinese market, causing damage to…

December 15, 2011

Hong Kong stock market debuts struggle in weak market

Shares in two of Hong Kong's biggest stock market flotations this year have fallen in their first day of trading. Shares in jeweller Chow Tai Fook fell as low as HK$13.66 in morning trade, down 9% from an offer price of $15. New China Life, an…