Business

Overall market activity resulted from trading in seven securities of which three advanced, none declined and four traded firm.

Interest in US energy companies spiked in 2011 as buyers clamoured for more access to oil-rich layers of North American shale, a consulting and accounting firm said yesterday.

The United States and five European nations are pledging to crack down on global tax evaders.

After three days of delays, Greek coalition leaders held crucial debt talks yesterday with the prime minister to review a draft deal on steep cutbacks demanded by creditors in return for a €130 billion ($170 billion) bailout.

Nokia Corp plans to stop assembling cell phones in Europe by year-end as it shifts production to Asia and will cut another 4,000 jobs, its latest attempts to cushion itself from stiff competition in the smartphone sector.

Citibank yesterday confirmed that it has been engaged by the Government as debt process advisor to assist with the Phase 2 settlement of claims with respect to holders of Clico’s short term investment policies in amounts greater than TT$75,000.

Oil prices are slightly higher yesterday following government reports that US crude stockpiles didn’t grow as much as expected last week.

Anglo-Swiss mining group Xstrata PLC announced plans yesterday to merge with commodities trading giant Glencore International PLC in a deal that will create the world’s fourth largest natural resources group.