China buys into US equity firm
China's new state investment agency is taking a US$3 billion stake in United States. Private equity firm The Blackstone Group, a sign of Beijing's eagerness to get a higher return on its hoard of currency reserves. The agreement gives China's government a stake...
Canada urges EU to cut red tape
Canada is pushing the European Union to do a deal on cutting red tape when leaders meet in June, after the United States and the EU recently pledged to smooth transatlantic business. Canada has long sought to reduce its economic reliance on the United States...
Oil now US$70 on Nigeria concerns
Oil surged more than a dollar to over US$70 a barrel on Monday as unrest in Nigeria kept markets on edge for further supply disruptions from Africa's top exporter. London Brent jumped $1.07 to US$70.49 by 1741 GMT after trading as high as US$70.83 earlier.
Miami court stays freeze on Chen-Young's assets
The Miami Circuit Court in Florida has set aside its ruling for the freezing of the assets of former Eagle Group boss, Dr.Paul Chen-Young and stockbroker Hugh Croskery. Mr. Croskery, chairman of Stocks and Securities Limited, a New Kingston brokerage known previously as Paul...
Air Jamaica route cuts uncertain
Air Jamaica Chairman, O.K. Melhado, has refused to confirm reports that the airline is to cut several of its flights to London. High Commissioner to London, Burchell Whiteman, reportedly held a meeting on the weekend with members of the local community to brief...
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