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Wall Street is seeing some of its worries about banks ease now that Bank of America Corp has raised billions of dollars in capital.The bank said late Tuesday that in less than two weeks it had raised US$13.47 billion through the sale of 1.25 [...]
The United States Federal Reserve expects the US economy to improve in coming months, even as policymakers downgraded their outlook for all of 2009 and said the unemployment rate could approach 10 per cent. Fed Chairman Ben Bernanke and his [...]
A leader of the shareholder revolt against pay and bonuses at Royal Dutch Shell said Wednesday that his group hopes the ‘no’ vote to the company’s compensation practices will inspire changes in company policies…
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THE EDITOR, Sir: I am extremely disappointed by the article published in the May 15, 2009 issue of the Financial Gleaner titled ‘Doomsday NIR prediction rattles financial sector’.The piece completely misrepresented my statements [...]
Barbados Prime Minister David Thompson Monday revealed plans for a new job stabilisation plan for the tiny country of 270,000 but said domestic taxation would largely be held steady, as he delivered a BDS$3.6 billion (US$1.8 billion) budget [...]
