News

November 4, 2011

China pledges more help to other developing countries

Chinese President Hu Jintao said Thursday that his country will provide more help to other developing countries. He made the pledge at a Group of 20 (G20) summit in this French seaside resort. China would provide new loans to help developing c

November 4, 2011

Tepco to get $11bn government aid after plan approval

Tokyo Electric Power Company (Tepco) is set to receive 900bn yen ($11.5bn; £7bn) in bailout funds after the government approved its business plan. The funds are a part of the government's bailout plan for Tepco, which is expected to make a loss of…

November 4, 2011

AIG posts $4.1 billion loss

American International Group is back in the red. Way in the red. The bailed out insurer posted a net loss of $4.1 billion on Thursday, a loss per share of $2.16 for the third quarter. While analysts hadn't expected the company to post a profit,…

November 4, 2011

Republic Bank earns $1.1B in profit

Republic Bank has recorded an annual profit of $1.1 billion for the financial year ended September 30, 2011. That’s a 12.8 percent increase over last year of profit attributable to shareholders from the bank’s holdings here in Trinidad and…

November 4, 2011

Stocks in Europe spike as Greek referendum scrapped

Stocks rose sharply yesterday as the Greek prime minister bowed to massive political pressure to scrap a referendum on a European bailout plan. A surprise rate cut from the European Central Bank also helped boost sentiment following days of…

November 4, 2011

Secretary of State Hillary Rodham Clinton & other Ministers on Dominica’s Anniversary of Independence

On behalf of President Obama and the people of the United States, I am delighted to send…

November 4, 2011

200 charges for fraud in Trinidad

WARRANTS have been issued for the arrest of three senior public servants on charges that they defrauded the Board of Inland Revenue (BIR) of more than $.6 million. One of the officials is currently on suspension and has similar matters before the…

November 4, 2011

Cruise ships set record for Port of Nassau, Bahamas

Almost 25,000 visitors brought ashore. Downtown Nassau bustled with commerce October 27, when the port made history by hosting seven cruise ships at once for the first time. The seven ships is a record for the recently-revamped port.  The ships…

November 4, 2011

ICC: Corruption not rampant

Cricket's anti-corruption chief insists illegal betting is not endemic in the game,…

November 4, 2011

NBA lockout tough for Samuels

National basketball standout Samardo Samuels says the constant delay to the start of the National Basketball Association (NBA) season has been affecting him physically and mentally. The impasse between the NBA players and owners over revenue…