Portugal has taken austerity measures to a new level with the decision to scrap four of its 14 public holidays.
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Failure to re-engineer and reform collective bargaining procedures and agreements under the Industrial Relations Act (IRA) will result in continued turbulence within the public sector.
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China’s central bank announced yesterday a reduction in the amount of reserves that banks must hold in an effort to spur lending and revive a sharply flagging economy.
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The People’s Partnership Government (PP) has set its sights on developing the popular Ariapita Avenue strip in Woodbrook, which is under the control of the People’s National Movement-led (PNM) Port-of-Spain City Corporation, to become an essential...
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The price of oil fell yesterday after reports that China’s economy appears to be slowing down.
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American Airlines says it is agreeing with creditors to consider potential mergers.
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Petrotrin’s license for Trinmar will be renewed and oil will be produced from the Jubilee discovery, Minister of Energy and Energy Affairs Kevin Ramnarine announced yesterday.
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JPMorgan Chase faced intense criticism yesterday for claiming that a surprise US$2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk.
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JPMorgan’s surprise US$2 billion trading loss prompted a sell-off in financial stocks Friday, with smaller declines across the broader market as investors decided this was more of a problem for investment banks than for other industries.
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Overall market activity resulted from trading in 15 securities of which ten advanced, one declined and four traded firm.
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