Posts Tagged ‘Business’
Posted on November 13, 2008 - by admin
EU clamps down on credit rating agencies
European Union regulators on Wednesday proposed strict new rules for credit rating agencies that would hold them liable for their opinions and stop them from advising banks on how to get top debt ratings. The EU’s financial services chief Charlie…
Source:EU clamps down on credit rating agencies
Posted on November 13, 2008 - by admin
Parish councils budget blues
With four months left in the fiscal year, the island’s parish councils have already used up 92 per cent of their budget and will likely have to get a boost from central Government. This was revealed yesterday during a meeting of Parliament’s Public…
Source:Parish councils budget blues
Posted on October 9, 2008 - by admin
Caribbean Week of Agriculture - Region was not prepared for EPA talks - official
KINGSTOWN, St Vincent: The Caribbean was unready for the negotiations on agriculture under the controversial Economic Partner-ship Agreement (EPA), a senior negotiator said this week at an agriculture conference in Kingstown…
Source:Caribbean Week of Agriculture - Region was not prepared for EPA talks - official
Posted on October 9, 2008 - by admin
Pension benefits to increase November
Government has announced an increase in pension benefits. Finance Minister Audley Shaw said in the House of Representatives on Tuesday that $450 million has been provided for the increase, which would help to “minimise the effects of increase in the cost of living”.
Source:Pension benefits to increase November
Posted on October 9, 2008 - by admin
Central banks unify on rate cuts to contain crisis - Britain announces
European governments sought to contain the deepening world financial crisis on Wednesday, with Britain stepping in to help its hard-pressed banks and Russia shutting down its biggest stock market for two days. But the greatest relief to markets…
Source:Central banks unify on rate cuts to contain crisis - Britain announces
Posted on October 9, 2008 - by admin
AIG execs treat themselves to posh retreat
The White House said on Wednesday it was “despicable” that American International Group Inc executives spent hundreds of thousands of dollars on a posh California retreat just days after getting a federal bailout.
Source:AIG execs treat themselves to posh retreat
Posted on October 9, 2008 - by admin
Panic hits Latam markets for third day
Investors panicked again Wednesday across Latin America, sending shares diving in a third straight day of extremely volatile trading amid fears a recession is gripping the planet and hurting the region’s largest economies.Colombia’s IGPC index led…
Source:Panic hits Latam markets for third day
Posted on October 4, 2008 - by admin
LatAm stocks fall on slowdown worries
Latin American stocks fell sharply Thursday on concerns that a global economic slowdown may be imminent despite the US Senate’s passage of the US$700-billion bank rescue package.Sao Paulo’s Ibovespa index led losses in afternoon trading, slumping 6.2…
Source:LatAm stocks fall on slowdown worries
Posted on October 3, 2008 - by admin
Jamaican remittances weather downturn, for now - Cocking cites family loyalty
The Inter-American Development Bank warned this week that the pace at which remittances once flowed will slow down even more than it originally projected, due to the erosion of the dollar’s value, a spike in inflation and the financial meltdown in the United States…
Source:Jamaican remittances weather downturn, for now - Cocking cites family loyalty
Posted on October 2, 2008 - by admin
Buffett to buy US$3b of GE preferred stock
Warren Buffett’s Berkshire Hathaway Inc is investing US$3 billion in General Electric Company, a huge vote of confidence for an iconic American company battered by the credit crisis.It is the second time in as many weeks that Berkshire Hathaway has moved…
Source:Buffett to buy US$3b of GE preferred stock
