News

May 30, 2011

Leaked cables will not affect US ties, says Jamaica minister

Minister with responsibility for Information, Telecommunication and Special Projects, Daryl Vaz, says the governments of Jamaica and the United States continue to enjoy strong relationships, despite leaked US diplomatic cables regarding the…

May 30, 2011

Caribbean Airlines, Air Jamaica deal finally signed

The shareholder agreement between Caribbean…

May 30, 2011

Alarming statistics

An estimated 37.4 million people with diabetes live in the region. The PanAmerican Health Organisation projects that by 2025 this number will rise to 64 million, of which more than 40 million will live in Latin American and the Caribbean.”…

May 30, 2011

Airport employees threaten shutdown

Even as the Estate Police Association prepares to take their negotiations with the Airports Authority of Trinidad and Tobago (AATT) to the Industrial Court, other employees are threatening to proceed with their own industrial action and shut…

May 30, 2011

IMF may block aid payments to Greece, Juncker warns

The chairman of the eurozone finance ministers has warned that the IMF may not release the next payment in Greece's bail-out package.

May 30, 2011

Yuan at record high versus dollar after Treasury report

China's yuan has hit a record high against the US dollar after the US Treasury department said the Chinese currency was undervalued but not manipulated. The People's Bank of China (PBOC) fixed the yuan's mid-point at 6.4856 against the US dollar…

May 30, 2011

Barclays ‘considering buying regional Spanish bank’

Barclays is considering buying one of Spain's regional savings banks, it has been reported. It comes after the Spanish government said Barclays' boss Bob Diamond had met Prime Minister Jose Luis Rodriguez Zapatero in Madrid last week. The Sunday…

May 30, 2011

Philippines economy reports ‘modest’ 4.9% growth

Economic growth in the Philippines slowed down in the first quarter of 2011 due to lower government spending and a slowdown in global trade. The country's economy grew by a 'modest' 4.9% in the three months to March compared with the same period…

May 30, 2011

RBS launches China markets joint venture

Royal Bank of Scotland has launched a joint venture with a Chinese financial securities firm. The tie-up with China's Guolian Securities will allow RBS to manage share sales and issue debt in China's fast-growing financial markets. RBS Asia boss…

May 30, 2011

LeBron James: ‘I’m Not Better than Jordan’

Earlier last week NBA great Scottie Pippen started a firestorm by praising LeBron…