Wachovia board forces out CEO
Wachovia Corp chief executive officer, Ken Thompson, was pushed out on Monday as head of the nation's fourth-largest bank, becoming the latest financial services executive to be ousted amid turmoil in the United States housing market. He joins Stanley...
Chile announces US$1 billion fuel subsidy
Chile's president announced a US$1 billion (€640 million) subsidy fund on Monday to slow the rise of fuel prices.Michelle Bachelet said the measure should cut gasolene prices by about US$0.10 (€0.60) a litre - nearly 40 US cents a gallon...
US loses appeal over WTO cotton dispute with Brazil
The United States lost its final appeal Monday in a billion-dollar trade dispute with Brazil over subsidies to US cotton growers. A World Trade Organisation appeals panel reversed parts of an earlier ruling made last December, but found that, on the whole...
World Wise suspends operations
Investors who went to collect their monthly cheques at investment club World Wise Partners Limited in St Andrew yesterday were left dumbfounded after they turned up to see notices outside the gates of the company. The notices informed clients that...
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