Negative outlook - S&P less bullish on Jamaica
Standard & Poor's Tuesday, in a new reading on Jamaica's credit standings, reaffirmed its 'B' rating on the country, but still delivered a body blow when it revised its outlook from stable to negative on expectations of worsening balance of payments....
BOJ US$300m defence fund brings stability
The defence fund, which the Bank of Jamaica has set up for financial institutions, have created some stability in the market, and has caused foreign brokers to back off on the margin calls that was eating away at local credit, according to central bank...
British Airways wants own airlift deal with Jamaica
British Airways has signalled plans to approach Jamaica for a similar deal on airlifts granted to American Airlines, saying otherwise it might be forced to cut flights to make the destination more profitable to fly. British Airways is not saying that Jamaica is a lossmaker...
Trinidad under pressure to review oil budget
The Trinidadian government has so far ignored demands from private sector interests to review the 2008-2009 budget, as oil prices plunge on the world market and concerns mount that the country's revenues would be roded. Both Energy Minister Conrad Enill and Mariano Browne...
Guyana gives in
Guyana on Monday signed off on the Economic Partnership Agreement (EPA) with Europe, choosing to do so in Brussels at the headquarters of the European Union Council, five days after its Caricom partners had inked the agreement. Guyanese Ambassador Dr Patrick Gomes...
Grenada to relaunch offshore sector
Grenada's prime Minister Tillman Thomas says he is determined to re-launch the island's offshore finance sector six years after a multimillion-dollar fraud scheme had crippled it. Thomas says his government is "prepared to take the necessary steps ...
Argentina to nationalise private pension system
The office of Argentine President Cristina Fernandez says she plans to propose nationalising nearly US$30 billion in private pension funds. The pension funds are invested in stocks and bonds, and the government says it needs to step in to protect...
Income gap, poverty widen in US, narrow in France
The gap between the rich and poor is getting bigger in the world's richest countries - and particularly the United States - as top earners' incomes soar while others' stagnate, according to a 30-nation report released Tuesday.In a 20-year study of its...
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