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If cash-strapped Petrotrin does not complete and commission its ultra-low sulphur diesel (ULSD) plant by 2021 at a cost of US$300 million, the oil company may have to close its doors.

This was part of the discussion that emerged from a Joint Select Committee on Energy Affairs, chaired by Colm Imbert, as employees of State-owned Petrotrin were...

Saturday, May 7, 2011

NEW YORK  – Federal prosecutors have narrowed their criminal case against Allen Stanford, the Texas financier accused of running a US$7 billion Ponzi scheme.

Saturday, May 7, 2011

LISBON—Portugal will get IMF loans at rates similar to those granted to Greece and Ireland, officials said yesterday, but Lisbon is still waiting for fellow European countries to decide how much they’ll charge for their slice of a €78 billion (US$115 billion)...

Friday, May 6, 2011

Caribbean Airlines’ (CAL) chairman George Nicholas went ahead and negotiated a two-week extension on the finalisation of its Air Jamaica (AJ) deal without consulting the CAL board or the line minister.

Friday, May 6, 2011

Overall market activity resulted from trading in 14 securities of which three advanced, one declined and ten traded firm. Trading activity on the first tier market registered a volume of 1,651,360 shares crossing the floor of the Exchange valued at $1,131,417.14.

Friday, May 6, 2011

The National Insurance Property Development Company Ltd (Nipdec) proposes to raise TT$750 million through the issue of 19-year bonds with a fixed coupon rate of 6.55 per cent. This was provided by an information memorandum from Nipdec yesterday.

Friday, May 6, 2011

NEW YORK—Crude oil and metals prices fell sharply on yesterday, driving world stocks lower, as disappointing US economic data and concerns about the slowdown of the Chinese economy prompted investors to scale back risky positions.

Friday, May 27, 2011

NEW YORK—The jury in Raj Rajaratnam’s insider trading trial started to consider the case anew after one panelist was excused for medical reasons and replaced, while the ailing hedge fund founder was absent from court.

Friday, May 6, 2011

LOS ANGELES—The United States is not heading into a sustained bout of high inflation, a top Federal Reserve Bank official said yesterday, despite a recent surge in energy and food prices that is sparking fears of 1970s-style price rises.

Thursday, May 5, 2011

Overall market activity resulted from trading in 12 securities of which two advanced, none declined and ten traded firm. Trading activity on the first tier market registered a volume of 1,916,283 shares crossing the floor of the Exchange valued at $2,748,870.88.

Thursday, May 5, 2011

T&T’s economy is “on the way up.” That’s the word from Central Bank Governor Ewart Williams as he presented the April 2011 Monetary Policy Report yesterday. With 2011 expected to be the year of recovery for the economy, Williams predicts that growth will be about one or two per cent.

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