Customs, freight group head to target logistics business
The Customs Brokers and Freight Forwarders Association of Jamaica (CBFFAJ) will target the development of opportunities in the shipping and logistics business for its members as a major focus of the leadership of newly-elected president, Christopher Kennedy...
Bank of England announces £50b swap
The Bank of England, aiming to deal with the crippling impact of the US subprime mortgage crisis, on Monday announced a £50 billion (US$100 billion €63 billion) plan to allow banks to swap mortgage-backed securities for Treasury bills. The bank's aim is to unblock the interbank ...
Attack on oil tanker sends crude price to new record
Oil prices spiked to a record US$117.40 a barrel after a Japanese oil tanker was attacked off the east coast of Yemen. The 150,000-ton tanker Takayama was attacked about 440 kilometres (270 miles) off the Yemen coast in the Gulf of Aden while it was...
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