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President Anthony Carmona has renewed his call for the Government to allow pension cheques to be cashed at credit unions and has encouraged the credit union institutions to consider providing currency exchange services strictly for the Caribbean

Carmona was addressing members of the 69-year-old Palo Seco Credit Union Co-operative Society (PALSECCU...

Sunday, April 3, 2011

LISBON/DUBLIN-­Credit rating agency Fitch downgraded Portugal yesterday saying the debt-laden country needed a bailout, while rival agency S&P cut Ireland’s rating after bank stress tests revealed another black hole.

Sunday, April 3, 2011

NEW YORK—Nasdaq is teaming up with IntercontinentalExchange to make an US$11.3 billion counteroffer for the parent of the New York Stock Exchange.

Saturday, April 2, 2011

Overall Market activity resulted from trading in 10 securities of which two advanced, 0 declined and eight traded firm. Trading activity on the First Tier Market registered a volume of 60,912 shares crossing the floor of the Exchange valued at $1,804,979.49.

Saturday, April 2, 2011

Top officials of Sagicor Financial Corporation (Sagicor) yesterday signed an agreement in Washington DC that will result in the International Finance Corporation (IFC), investing up to US$100 million in Sagicor.

Friday, April 1, 2011

Guardian Holdings yesterday declared an after-tax profit of $425 million for its 2010 financial year—a sharp turnaround from the group’s loss of $824 million in 2009 and its best performance since 2004, according to the group’s chairman, Arthur Lok Jack.

Saturday, April 2, 2011

Despite a decrease in the volume of cigarettes sold last year, West Indian Tobacco’s (Witco) will continue with its strong performance, the company’s chairman, Anthony Philip, said yesterday.

Friday, April 1, 2011

LOS ANGELES—A Saudi Arabian company is suing the former chief executive of a collapsed Mideast bank for US$9.2 billion, alleging he helped stage one of the largest global fraud schemes in history.

Friday, April 1, 2011

WASHINGTON—President Barack Obama yesterday called for a one-third reduction in US oil imports by 2025, reviving a long-elusive goal of reducing America’s dependence on foreign supplies as political unrest rocks the Middle East and gasoline prices rise at home.

Friday, April 1, 2011

DETROIT—The impact on the US economy of the Japanese crisis is far greater than realised, a top trade group said yesterday.

Friday, April 1, 2011

Copper prices lost ground Wednesday as global events such as Japan’s crisis renewed concerns about demand in the next few months. Copper for May delivery fell 7.25 cents to settle at US$4.274 a pound. The price has fallen nearly five per cent since March 1.

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