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State owned Petrotrin is on the edge and has to be run as a business if it is to survive.

That was the grim picture painted by the energy company’s chairman is his contribution to a stakeholder’s form hosted by the Lloyd Best Institute at the Government Plaza Auditorium in Port-of-Spain yesterday.

“Petrotrin is at a precipice whereby...

Wednesday, March 30, 2011

Stephen Cadiz, Trade and Industry Minister is calling on Caricom countries to stop the infighting.

Wednesday, March 30, 2011

WASHINGTON—Long before the nuclear emergency in Japan, US regulators knew that a power failure lasting for days at an American nuclear plant, whatever the cause, could lead to a radioactive leak. Even so, they have only required the nation’s 104 nuclear reactors to develop plans...

Wednesday, March 30, 2011

WASHINGTON—Several US Supreme Court justices sharply questioned yesterday whether female employees at Wal-Mart Stores Inc can proceed with the largest class-action sex-discrimination lawsuit in history that seeks billions of dollars.At issue in the case was whether a small group...

Wednesday, March 30, 2011

HELSINKI—Nokia is suing Apple in the United States for allegedly infringing patents in its mobile phones, portable music players, tablets and computers, the Finnish company said yesterday. The complaint, filed with United States International Trade Commission, ITC, is the latest...

Wednesday, March 30, 2011

WASHINGTON—More than two-thirds of offshore leases in the Gulf of Mexico are sitting idle, neither producing oil and gas, nor being actively explored by the companies who hold the leases, according to a Department of Interior report released yesterday. Those inactive swaths of...

Wednesday, March 30, 2011

LISBON/ATHENS—Standard and Poor’s downgraded Greece and Portugal yesterday, citing risks that the countries’ debts to a new European bailout fund would be repaid before bond investors, sending their borrowing costs sharply higher. The downgrades left Portugal one notch above...

Wednesday, March 30, 2011

BOSTON—General Electric Co reached a US$3.2 billion agreement to acquire a French maker of automation systems used in the oil and gas sector, marking GE’s latest in a series of deals in the energy industry. The largest US conglomerate said its acquisition of Converteam, which...

Tuesday, March 29, 2011

Overall market activity resulted from trading in ten securities of which one advanced, one declined and eight traded firm. Trading activity on the first tier market registered a volume of 178,473 shares crossing the floor of the Exchange valued at $1,503,145.26.

Tuesday, March 29, 2011

Acting Minister of Finance Vasant Bharath yesterday signed a government guarantee in respect of a $1.3 billion dollar bond, issued by the Water and Sewerage Authority (WASA).

Wednesday, March 30, 2011

NEW YORK—Stocks closed with slight losses yesterday after falling in the last half-hour of trading. Major indexes had been up for most of the day after several economic reports suggested that the recovery is continuing.

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