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Saturday, February 13, 2016

US crude prices jumped as much as 13 per cent on Friday after a report once again suggested OPEC might finally agree to cut production to reduce the world glut, while a bounce in stock markets fed appetite for risk.

Friday, February 12, 2016

Nigel Baptiste yesterday took up his appointment as Republic Bank’s managing director and president of Republic Financial Holdings Ltd (RFHL).

Baptiste has been with Republic for 25 years and has served as an executive director for the past ten years.

Thursday, February 11, 2016

CARACAS, Venezuela—Shops in malls across Venezuela closed their doors yesterday afternoon to comply with a government electricity rationing order. Venezuela’s socialist government is asking more than 100 malls to close or generate their own power four hours each day, from 1 pm...

Thursday, February 11, 2016

Overall market activity resulted from trading in 5 securities of which 4 advanced, 1 declined and 0 traded firm.

Thursday, February 11, 2016

The First Citizens yesterday reported profit after tax of $179.9 million for the three months ending December 31, 2015, which represents an increase of 1.2 per cent compared with the previous year, according to the bank’s chairman Anthony Smart.

Thursday, February 11, 2016

Agostini’s Limited yesterday reported first quarter profits attributable to shareholders that declined by 5 per cent to $25.6 million, even as the distribution group of companies warned that the contracting economy was “expected to have a negative impact on consumer spending.”

Wednesday, February 10, 2016

Crude-oil prices could fall even further as the world’s vast oversupply of petroleum only got worse in January with a surge in production from OPEC, a top global energy monitor International Energy Agency (IEA) said yesterday. 

Tuesday, February 9, 2016

Crude oil prices fell two per cent yesteray as supply overhang concerns grew after a Saudi-Venezuela meeting on Sunday showed few signs of coordination to boost prices.

Tuesday, February 9, 2016

India’s economy grew at an average rate of 7.5 per cent in 2015, faster than the 6.9 per cent growth in China, official figures show.

India’s government said GDP growth in October to December was 7.3 per cent, a slight drop on previous quarters which were revised sharply higher.

Monday, February 8, 2016

GEORGETOWN—The Guyana government Friday dismissed suggestions that all the workers at two financially strapped sugar estates would be made redundant accusing the Guyana Agriculture Workers Union (GAWU) of deliberately misleading the workers on the issue.