Saturday, January 2, 2016

Business

Central Bank appoints new financial inspector*

Jan. 1, 2016, 7:8 PM AST Comments

THE Central Bank has appointed a new financial instituions inspector for six months. The appointment of Michelle Chong Tai-Bell as temporary inspector of financial institutions follows the departure of former inspector Carl Hiralal after nine years at the bank.

Economists: Boost to housing will not end recession*

Jan. 1, 2016, 7:6 PM AST Comments

A boost to housing construction will not be enough to end the ongoing recession, two economists have said. They were responding to Prime Minister Dr Keith Rowley’s address to the nation on Tuesday night. The financial experts said convincing diversification efforts and a new US dollar source t





Raul Castro prepares Cuba for tough year despite US opening

Dec. 30, 2015, 12:38 AM AST Comments

HAVANA (AP) — President Raul Castro warned Cubans on Tuesday to prepare for tough economic conditions in 2016 despite warmer relations with the United States. Castro said that while tourism is booming, low oil prices have damaged the outlook of an economy that depends on billions of dollars of


Apple agrees to pay $350 million in Italian tax case

Dec. 30, 2015, 9:58 AM AST Comments

ROME (AP) — Apple has agreed to pay Italy 318 million euros (about $350 million) in taxes for several past years and its future liabilities will be determined by an international ruling, prosecutors in Milan said Wednesday.


$180m court action against SIS to begin next week*

Dec. 29, 2015, 6:51 PM AST Comments

THE court action brought against Super Industrial Services (SIS) and Rain Forest Resorts Ltd by the National Gas Company (NGC), which saw the granting of an ex-parte injunction to NGC that effectively put a freeze on $180 million of SIS’s assets, is expected to begin next week.


US stocks gain, led by energy sector as price of oil climbs

Dec. 29, 2015, 10:40 AM AST Comments

U.S. stocks moved sharply higher in early trading Tuesday, bouncing back after two days of losses and nudging the Standard & Poor's 500 index back into the black for the year. Energy companies were among the biggest gainers as the price of crude oil rose.


Downgrade by S&P 'wake-up call for Govt' *

Dec. 28, 2015, 6:31 PM AST Comments

By Sue-Ann Wayow—TRINIDAD AND TOBAGO's credit rating downgrade from stable to negative should be taken as an urgent wake-up call for the Government and citizens. This according to President of the Chaguanas Chamber of Commerce and Industry, Richie Sookhai.



Bright spots in the local equity market?*

Dec. 27, 2015, 6:50 PM AST Comments

This week, we at Bourse take a look at some possible local market opportunities for investors to consider. While we are encountering a period of continued economic slowdown, some stocks may be able to weather the storm better than others.