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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...

Saturday, January 15, 2011

Overall Market activity resulted from trading in nine securities of which three advanced, none declined and six traded firm. Trading activity on the First Tier Market registered a volume of 61,928 shares crossing the floor of the Exchange valued at $1,410,559.82.

Saturday, January 15, 2011

WASHINGTON—Rising wholesale prices for food and energy are putting pressure on manufacturers and retailers to pass higher costs to customers. It’s a trend that could raise inflation in the US and slow economies in Asia and Latin America.

Saturday, January 15, 2011

 NEW YORK—A US judge approved a US$7.2 billion settlement yesterday to pay former customers of the Madoff firm, the largest yet in the worldwide search for money lost in Bernard Madoff's multibillion-dollar Ponzi scheme. The settlement with the estate of longtime...

Saturday, January 15, 2011

Advertising agency, Inglefield/Ogilvy & Mather Caribbean, and branding consultancy, Abovegroup, this week merged to form a new offering, Abovegroup Ogilvy. A statement from the new enterprise described the merger as representing a “seismic shift in the local creative...

Saturday, January 15, 2011

A plea from United Way, an organisation which assists Non-Governmental Organisations (NGO’s) throughout the country, for financial support from corporate T&T. United Way’s mission is to increase the financial resources necessary to help member organisations build community...

Saturday, January 15, 2011

The Trinidad and Tobago Chamber of Industry and Commerce is urging all parties involved in the negotiations between the Public Services Association (PSA) and the Government to resolve the matter in a “mature” way. In a press release yesterday, the Chamber said it continues to be...

Friday, January 14, 2011

WASHINGTON — China’s currency is substantially undervalued and Beijing is moving too slowly to fulfill its promise to let it rise, Treasury Secretary Timothy Geithner said yesterday. Geithner said it’s in China’s own interests to accelerate the pace of currency reform.

Friday, January 14, 2011

Overall Market activity resulted from trading in six securities of which two advanced, one declined and three traded firm. Trading activity on the First Tier Market registered a volume of 184,398 shares crossing the floor of the Exchange valued at $594,592.60.

Friday, January 14, 2011

NEW YORK—Hopes that banks would start raising their dividends sent financial stocks sharply higher yesterday. Indexes closed at their highest levels in more than two years after a successful bond auction in Portugal eased worries about Europe’s debt crisis.

Friday, January 14, 2011

NEW YORK—Natural-gas futures ended higher Wednesday on expectations for late January cold and an above-average weekly draw from US gas supplies.

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