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Although T&T used up half of a billion dollars of foreign reserves over the past six months and is likely to use more for the rest of the year, the country should not be worried, Central Bank Governor Alvin Hilaire said yesterday.

Friday, January 21, 2011

NEW YORK—The S&P 500 suffered its biggest decline in nearly two months yesterday as disappointing results from Goldman Sachs and Wells Fargo put a damper on the rally.

Friday, January 21, 2011

Overall Market activity resulted from trading in eight securities of which three advanced, none declined and five traded firm. Trading activity on the First Tier Market registered a volume of 34,159 shares crossing the floor of the Exchange valued at $854,490.87.

Friday, January 21, 2011

Prime Minister Kamla Persad-Bissessar is calling on T&T’s manufacturers to move beyond their comfort zone as the Government looks to them to diversify the country’s main export markets.

Thursday, January 20, 2011

Overall Market activity resulted from trading in seven securities of which one advanced, none declined and six traded firm. Trading activity on the First Tier Market registered a volume of 64,530 shares crossing the floor of the Exchange valued at $605,234.69.

Wednesday, January 19, 2011

NEW YORK—US stocks gained yesterday, overcoming weak Citigroup results and concerns circling Apple after news of Chief Executive Steve Jobs’ medical leave.

Thursday, January 20, 2011

The Banker’s Association of Trinidad and Tobago (BATT) yesterday issued a release in which it endorsed the decision by the international rating agency, Standard & Poor’s, to affirm T&T’s ‘A’ foreign currency and ‘A+’ local currency long-term sovereign credit ratings.

Thursday, January 20, 2011

In a notice to shareholders in the press yesterday, Trinidad Cement Ltd (TCL) announced that had “declared a moratorium on debt service payments (both principal and interest) in order to preserve cash to sustain operations.” The cement producer, the only one in the Caricom region...

Thursday, January 20, 2011

Apple Inc said yesterday that its net income for the holiday quarter jumped 78 per cent as shoppers snapped up more iPads than analysts predicted. The results sent shares climbing in after-hours trading.

Thursday, January 20, 2011

MINNEAPOLIS—Agribusiness conglomerate Cargill Inc said yesterday it will turn over its 64 per cent stake in fertiliser maker Mosaic Co to Cargill stakeholders and debt holders in an effort to boost Cargill’s credit profile and keep it a private company.

Thursday, January 20, 2011

WASHINGTON—President Barack Obama, in another move to smooth frayed ties with corporate America, ordered a far-reaching review of federal regulations Tuesday with the goal of weeding out rules that hurt job growth and creation.

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