Business

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Wolrd Trade Growth Buoyed by Developing Economies

World trade growth slid to 5.5 per cent last year from 8.5 per cent in 2006 and may grow even more slowly in 2008 — at about 4.5 per cent — as sharp economic deceleration in key developed countries is only partly offset by continuing strong growth in emerging economies, according to World Trade Organization …

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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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Slow Week on Eastern Caribbean Exchange

Fewer that 8,000 shares traded on the eastern Securities exchange last week, as well as 10,000 units of Government of Antigua & Barbuda’s 91-day treasury bill. Liste to the details:     About Mark LeeEditor, author and writer with career spanning print, radio, television and new media.More Posts(298)

Mark Lee

About Mark Lee

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

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Mixed Economic Performance in 2007 but Region Sensitive to Credit Turmoil – IMF

Anoop Singh, Director of the Western Hemisphere Department, IMF The International Monetary Fund is reporting a mixed macroeconomic performance  for the Caribbean in 2007. Regional growth averaged 4.75 percent in 2006–07, the fastest pace in more than two decades, the IMF reported . It says this was underpinned by a favorable external environment, private construction, …

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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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Cable & Wireless St Kitts & Nevis Limited (CWKN) Share Offer Oversubscribed

The public offer for sale of 1.66 million Cable & Wireless St Kitts & Nevis Limited ordinary shares, trading symbol CWKN, has been oversubscribed, the Eastern Caribbean Securities Exchange (ECSE) reported Friday. The offer, which resulted from an agreement between the Government of St Kitts & Nevis and Cable and Wireless (West Indies) Ltd, attracted …

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IMF Forecasts U.S. Housing Slump to Accelerate Global Financial Slowdown

World economic growth is expected to slow to 3.7 percent in 2008 due to a fallout in the U.S. subprime housing market, according to a report by the International Monetary Fund (IMF). Blaming a deteriorating financial market and the continuing correction in the U.S. housing market, the “World Economic Outlook” indicates the United States will …

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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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Government of Antigua and Barbuda EC$17M Treasury Bill Oversubscribed

The Government of Antigua and Barbuda 91-day, $17 million 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$40.6 million, the ECSE reported Monday from Basseterre, St Kitts. Licensed intermediaries placed a total of 23 bids, ranging from $8,000 …

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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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Snared in the Circle of Spider’s Influence: I’m caught in the net

Do networks work? Or are they nets in which we get ensnared grasping for an illusive silver thread set by some cunning spider? Canada swears by social networks. They say that’s the way to get jobs and get ahead but the established networks never seem to work for new immigrants and minority groups. The Caribbean …

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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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St Vincent and the Grenadines $16M Treasury Bill Issue Oversubscribed by $28M

 The Government of St Vincent and the Grenadines 91-day, EC$16-million 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$27.8 million, the ECSE reported Tuesday (March 25). Licensed intermediaries placed a total of 13 bids, ranging from $20,000 to …

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Caribbean Stocks Hold Steady at Week’s End

In last Thursday’s trading session, the last for week before the Easter holiday, the JSE Market Index declined by 883.86 points (0.83%) to close at 105,770.62. The JSE Select Index advanced by 11.45 points (0.39%) to close at 2,986.81. The JSE All Jamaican Composite advanced by 541.69 points (0.50%) to close at 109,203.39. Overall Market …

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French Giant Total Moving for Bigger Stake in Caribbean Oil Barrel

French multinational, Total, the fourth largest publicly-traded integrated oil and gas company is moving to expand its presence in the Caribbean pushing its market share in Puerto Rico to 12 per cent from 2.5 per cent and to 6.5 per cent in Jamaica from the current 2.1 per cent, spokesperson, Elisabeth de Réals, told Abeng …

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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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Mixing Chocolate and Tourism

A new factory for processing cocoa is being built in St Lucia by luxury chocolate retailer Hotel Chocolat. The British-based company was founded by Angus Thirlwell and Peter Harris in 1993 and has bought a cocoa estate in St Lucia. Once the facility is up and running the cocoa beans will be made into luxury …

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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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Caribbean Stocks Decline

The Jamaica Stock Exchange Market Index declined by 1,655.99 points or 1.51 per cent, to close at 109,597.70 for the week eding March 14. The JSE Select Index declined by 80.94 points or 2.64 per cent to close at 3,o61.94. All Jamaican Composite declined by 2,603.91 points or 2.33 per cent closing at 111,542.14. Overall …

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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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