Business

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IMF Head Welcomes US Crisis Measures

IMF Managing Director Dominique Strauss-Kahn has welcomed the $700 billion US bail-out package to address the crisis which has seen the collapse of major private financial institutions.  “It is rather urgent to find a solution for this systemic crisis,” Strauss-Kahn said in an interview with Frankfurter Allgemeine Zeitung to be published Wednesday. “In that regard, we …

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Mark Lee

About Mark Lee

Editor, author and writer with career spanning print, radio, television and new media.

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Open Trade Regime Helps Barbados’ Economic and Human Development – WTO

Barbados International Trade Centre. Barbados’ generally open trade and investment regime, and its close integration into the world economy has helped it maintain some of the highest per capita incomes and human development indicators among developing countries, according to a WTO Secretariat report on the trade policies and practices of the island. The report shows …

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Mark Lee

About Mark Lee

Editor, author and writer with career spanning print, radio, television and new media.

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Grenadian Real estate Corporation Lists on Stock Exchange

Grenreal Property Corporation Limited Monday became the 14th equity to be listed on the Eastern Caribbean Securities Exchange (ECSE). The listing ceremony took take place at the Esplanade Mall in St Georges, Grenada. The shares of the company, which will be known in the market by its trading symbol, GPCL, will become available for trading …

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Mark Lee

About Mark Lee

Editor, author and writer with career spanning print, radio, television and new media.

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East Caribbean Market Report: St Vincent Bond Offer Oversubscribed – Republic Bank (Grenada) Lists

The Government of St Vincent and the Grenadines’ 91-day, EC$16.0 million Eastern Caribbean dollars Treasury bill issue, auctioned on the Regional Government Securities Market using the primary market platform of the Eastern Caribbean Securities Exchange (ECSE), was oversubscribed by EC$8.225 million. Licensed intermediaries placed a total of 16 bids, ranging from $75,000 to $8.22 million …

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Mark Lee

About Mark Lee

Editor, author and writer with career spanning print, radio, television and new media.

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Global Entertainment and Media Spending Will Grow to US$2 Trillion in 2011, Says PwC Survey

Coming soon to a PC near you – news entertainment and more. The global entertainment and media industry is experiencing sustained growth and will increase at a 6.4 per cent compound annual growth rate to US$2 trillion in 2011, according to PricewaterhouseCoopers Global Entertainment and Media Outlook 2007-2011. The report maintains the Internet, TV distribution …

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Mark Lee

About Mark Lee

Editor, author and writer with career spanning print, radio, television and new media.

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$38.7-m to Help Haiti Fight Food and Fuel Price Impact

Haiti needs more than a push start. The IMF has approved an additional U$26 million to assist Haiti to mitigate the impact of food and fuel prices on the economy of the struggling Caribbean nation. The Fund completed the third review of Haiti’s economic performance under the Poverty Reduction and Growth Facility (PRGF) arrangement and …

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Mark Lee

About Mark Lee

Editor, author and writer with career spanning print, radio, television and new media.

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Antigua bond offer $18M oversubscribed

Last week on the Eastern Caribbean Securities Market, 130 Cable & Wireless St Kitts & Nevis Limited shares traded at $7.33, up thirty-three cents or 4.71% since its last traded price, 300 Dominica Electricity Services Limited shares traded at $3.15 down ten cents or 3.08% since its last traded price, 465 East Caribbean Financial Holding …

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Mark Lee

About Mark Lee

Editor, author and writer with career spanning print, radio, television and new media.

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Junior Achievement gets boost for regional youth programs

Linda Rimer of JA and Sharon Brown of FirstCaribbean, Bahamas. Junior Achievement Worldwide is receiving a US$204-thousand dollar boost from FirstCaribbean International Bank to help provide resources and opportunities for the region’s youth. “At FirstCaribbean, we recognize that, with changes in the global economy and the deleterious impact on fledgling regional communities, young people in …

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Mark Lee

About Mark Lee

Editor, author and writer with career spanning print, radio, television and new media.

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Banding Together to Grow Small Businesses

While Usain Bolt was setting a lightning trail on a 100 meter track in New York, Saturday evening and establishing a new mark for the world’s sprinters to reach, a group of Jamaican-Canadian small-business people was going for another achievement – how to network to grow their businesses. It was the second session of the …

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Mark Lee

About Mark Lee

Editor, author and writer with career spanning print, radio, television and new media.

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Private bank and IDB to provide $200m risk sharing facility

The Caribbean’s businesses will soon benefit from a new Risk Sharing Guarantee Facility agreement being jointly spearheaded by FirstCaribbean International Bank and the Inter-American Development Bank (IDB). Under a new proposed partnership between the two entities, Caribbean businesses will be able to tap into US$200 million in funding geared towards tourism investment and development projects …

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Mark Lee

About Mark Lee

Editor, author and writer with career spanning print, radio, television and new media.

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New CEO headed to FirstCaribbean

John D. Orr  The six year-old FirstCaribbean International Bank has announced its first leadership change with CEO, Charles Pink stepping aside to be replaced by John D. Orr, a FirstCaribbean Board member and a senior CIBC executive. “It is with great sadness that I see Charles leave the company, although I understand his desire to …

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FirstCaribbean Wins Fifth Straight Best Bank Award

FirstCaribbean International Bank has won the award for “Best Bank in Barbados” for 2008 from Global Finance magazine for the fifth consecutive year. Global Finance editors, in conjunction with industry analysts, corporate executives and banking consultants, selected the best emerging market banks across the globe. Criteria for choosing the winners included growth in assets, profitability, …

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Mark Lee

About Mark Lee

Editor, author and writer with career spanning print, radio, television and new media.

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