News

November 9, 2011

Record fine of $92.8m for insider trader Raj Rajaratnam

The jailed insider trader, Raj Rajaratnam, has been handed a record fine by the SEC in a civil case. A judge ordered the former founder of Galleon Group, a hedge fund, to pay $92.8m (£57.6m; 67m euro) in penalties. This comes on top of the $63.8m…

November 9, 2011

Canada delays balancing its budget

Canada's finance minister says he will not be able to balance the country's budget by 2014-15 as promised. Jim Flaherty blamed the European debt crisis for damaging Canada's outlook. The government set the date for achieving a budget surplus during…

November 9, 2011

China’s inflation rate eases for third straight month

China's inflation rate has slowed for a third straight month in October, as the government continues to try to cool economic growth. Consumer prices rose 5.5% in October compared with the same month a year earlier, the National Bureau of…

November 9, 2011

Vote Pushes Italian PM Toward Resignation

Italy, the world's seventh largest economy, is emerging as a new threat to the stability of the…

November 9, 2011

Cain Again Denies Sexual Harassment Accusations

U.S. Republican presidential candidate Herman Cain has again denied allegations of sexual harassment and says they will not force him to drop his bid for his party's nomination. During a news conference Tuesday in Scottsdale, Arizona, the…

November 9, 2011

Large Asteroid Passes Close to Earth

An asteroid the size of an aircraft carrier has flown by Earth in the closest encounter by a massive space rock in more than 30 years. The asteroid, named 2005 YU55, came within about 325,000 kilometers of the planet Tuesday evening . The U.S.…

November 9, 2011

New Greek coalition ‘to be announced on Wednesday’

The make-up of Greece's interim government will be announced later on Wednesday, a government official said. The announcement came as talks dragged into a third day without any sign of progress. The official said PM George Papandreou, who has agreed…

November 8, 2011

Filipino workers banned from eleven Caribbean countries including TCI

The government of the Philippines has announced a ban on the deployment of…

November 8, 2011

Chicken from US ‘a threat’

THE CARIBBEAN’S POULTRY industry is under threat from the importation of chicken leg quarters from the United States of America. And the situation is becoming untenable, says Dr Desmond Ali, executive director of the Caribbean Poultry Association…

November 8, 2011

Nicaragua opposition candidate calls Ortega win ‘fraud’

The opposition candidate in Sunday's presidential poll in Nicaragua has rejected the victory of the incumbent President, Daniel Ortega. Fabio Gadea said he could not accept the results presented by the electoral council because "they did not…