Bank of Jamaica issues special CD
Government's over-extension on its borrowings, or planned debt issues, since April has forced the central bank into action to sop up liquidity from a $6 billion GoJ investment bond that became due Monday.The Bank of Jamaica immediately placed...
Greenspan's warning of possible recession feeds market tension
NEW YORK, United States (Reuters): Concerns about the health of the U.S. economy drove bonds higher and the dollar lower yesterday, while tension over Iran's nuclear ambitions kept oil above US$61 a barrel, crimping gains in U.S. stocks.
UNEP renews Kingston lease
The United Nations Environment Programme (UNEP) signed a five-year agreement with Jamaica to maintain its Caribbean headquarters in Kingston.UNEP's regional office is headed by coordinator Nelson Andrade Colmenares.Under the agreement, the environment...
Iraq cabinet approves draft oil investment law
Iraq's cabinet approved a draft oil law yesterday, ending months of wrangling over crucial legislation to regulate management of the world's third largest proven oil reserves.Iraq needs billions of dollars of foreign funds to rebuild its oil industry...
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