Business

Undoubtedly and unavoidably, the great recession has hit Caribbean tourism hard.The significantly upscale element of our tourism product has not suffered as much as the mass-market offerings.

The Customs Department is tightening its surveillance of the postal service, in some cases slapping higher and more charges on a wider range of items entering the country through that avenue.

A specialised ship has arrived in Venezuela carrying enough fibre-optic cable to connect the South American country to Cuba, and will soon begin laying the cable along the sea floor to establish a link expected to dramatically improve telephone and...

The increased responsibilities imposed on trustees of pension plans under the Pensions (Superannuation Funds and Retirement Schemes) Act and regulations, and under the general law, are wide and, understandably, have heightened the anxieties of those...

Jamaica is now in negotiation with the United States Agency for International Development for a J$6.5-billion, five-year loan to finance a new information technology system for tax administration under the reform programme. Minister of Finance Audley...

A woman accused of using passion to fuel insider trading pleaded guilty to federal charges Wednesday, tearfully admitting that she shared tips about public companies with others in the hedge-fund industry.The investigation that resulted in Danielle...

Steve Jobs is the public face of Apple Inc, but that doesn't mean investors get to know every last detail about the CEO's health.Jobs announced this week he is taking his third medical leave from the company he started in 1976.No date was given for when...

A Swiss banker who claims to have handed WikiLeaks details of rich tax cheats acknowledged Wednesday that he made mistakes in his effort to expose the world of offshore tax evasion.Minutes before he was found guilty of coercion and breaking...

Trinidad and Tobago is looking to sign Partial Scope Trade Agreements with countries in Central America as it seeks to diversify its traditional export markets, particularly in CARICOM.Prime Minister Kamla Persad-Bissessar said Tuesday that...

China will purchase US$45 billion in United States exports, including a US$19 billion deal for 200 Boeing airplanes, the White House said Wednesday.The announcement comes as Chinese President Hu Jintao arrived at the White House for a state visit...

THE TRAVEL restrictions between countries in the Caribbean continue to be a sore point for the region's efforts to unify its position on tourism, according to Caribbean Hotel & Tourism Association (CHTA) President Josef Forstmayr.

Citigroup on Tuesday reported fourth-quarter net income of US$1.3 billion after it recorded fewer losses from loans, allowing it to take money out of reserves it keeps aside for such loans.However, the volatile fixed-income market - pressured by the...