Business

Stocks spiked sharply higher on yesterday after forecast-busting US jobs figures reinforced hopes that the recovery in the world’s largest economy is gathering pace at a time when other regions, notably Europe, may be heading back into recession.

Oil prices rose yesterday after the government reported that the US economy added more jobs last month, which could drive up demand for fuel with more people heading back to work.

Apple Inc has temporarily blocked Motorola Mobility’s attempt to have it withdraw several iPhone and iPad models from its Internet store in Germany, the latest twist in an extended legal duel over patents between the companies.

T&T is still in a good position despite the gloomy global outlook and uncertainty, says Sana Ragbir, assistant general manager, First Citizens Investment Services Ltd.

Jailed financier R Allen Stanford helped fake profit numbers for his Caribbean bank and funnel millions of dollars of depositor funds to a secret Swiss bank account used to pay for personal expenses, bribes to regulators and employee bonuses, the...

Jailed Texas financier R Allen Stanford’s extreme measures to hide his Caribbean bank’s fraud included entering into a blood oath with a top regulator.

Markets took a breather yesterday after solid gains in the previous session, as investors positioned themselves for crucial US jobs data that often set the tone for a week or two after their release.

Overall Market activity resulted from trading in eight securities of which three advanced, one declined and four traded firm.