- Home
- Banking/ Finance
Banking/ Finance
Fitch Downgrades Bermuda's Foreign Currency IDR to 'AA'; Outlook Stable
- By S Coward
- Published 26-Jun-12
- Banking/ Finance
- Unrated
New York -- June 26, 2012 - --Fitch Ratings has downgraded the following ratings of Bermuda:
--Long-Term Foreign Currency IDR to 'AA' from 'AA+';
--Long-Term
Local Currency IDR to 'AA+' from 'AAA'.
Grenada Signs MOU With EXIM Bank of China
- By S Coward
- Published 29-May-12
- Banking/ Finance
- Unrated
St. George's - May 29, 2012 - The Grenada government expressed appreciation to EXIM Bank of the
Peoples Republic of China for its support to the development of the
country.
Trinidad: Central Bank Monetary Policy April 2012 Report
- By S Coward
- Published 27-May-12
- Banking/ Finance
- Unrated
Port-of-Spain -- May 27, 2012 - Although growth in the Caribbean region staged somewhat of a partial recovery in 2011 (2.2 per cent), much of this improved performance came from strong economic growth in the commodity-producing nations of Guyana and Suriname.
Trinidad: Inflation at 9.1% in March; Central Bank Maintains Repo Rate at 3.00%
- By S Coward
- Published 02-May-12
- Banking/ Finance
- Unrated
Port-of-Spain - May 2, 2012 - The latest data released by the Central Statistical Office indicate that headline inflation, measured by the twelve-month increase in the Index of Retail Prices, slowed slightly to 9.1 per cent in March 2012 from 9.2 per cent in February. On a monthly basis however, the overall price level decreased by 0.7 per cent in March following an increase of 1.6 per cent in February.
St. Kitts Prime Minister Seeks Debt Forgiveness on US Loan for Dr. Kennedy Simmonds Highway
- By S Coward
- Published 26-Apr-12
- Banking/ Finance
- Unrated
Basseterre - April 26, 2012 - St. Kitts and Nevis has begun discussions with officials in the United States Treasury Department pertaining to the remaining US$2 million debt for the construction of the Dr. Kennedy Simmonds Highway - self-named by the former Prime Minister of the twin-island Federation in the early 1990’s.
IFC’s First Investment in Suriname Expands Trade Finance Opportunities for De Surinaamsche Bank
- By S Coward
- Published 15-Apr-12
- Banking/ Finance , World Bank
- Unrated
Paramaribo, Suriname, April 15, 2012 - IFC,
a member of the World Bank Group, on April 12 signed its first project in the
Republic of Suriname, helping De Surinaamsche Bank finance international
trade and promote local economic development.
Dominica: Gov’t, IFC sign technical support MOU
- By S Coward
- Published 04-Apr-12
- Banking/ Finance
- Unrated
April 4, 2012 - The government of Dominica and the International Financial Corporation
(IFC) on Wednesday signed a memorandum of understanding (MOU) for
technical support and capacity improvements for the continued
development of the geothermal resources in Dominica.
Grenada: Prime Minister welcomes us$10.5 million agreement with OFID for school rehabilitation
- By S Coward
- Published 22-Mar-12
- Banking/ Finance
- Unrated
St. George's - March 22, 2012 - Prime Minister Tillman Thomas on Wednesday welcomed a US$10.5 Million
dollar loan agreement with the OPEC Fund for International Development
(OFID) to be used for the repair and renovation of 10 schools and 17
Kitchen facilities around the country.
Trinidad: Food Prices Push Inflation to 6.8% in Jan 2012
- By S Coward
- Published 27-Feb-12
- Banking/ Finance
- Unrated
Port-of-Spain -- Feb. 27, 2012 - The latest data released by the Central Statistical Office indicate that headline inflation, measured by the twelve--month increase in the Index of Retail Prices, rose to 6.8 percent in January 2012 from 5.3 percent in December 2011.
Solamon Energy President For Invest Caribbean Now 2012
- By felicia persaud
- Published 19-Feb-12
- Banking/ Finance
- Unrated
Canadian Energy Company Head For NYC Investment Power Forum
China, India, Brazil! Is The Caribbean Next?
- By felicia persaud
- Published 19-Feb-12
- Banking/ Finance
- Unrated
Spotlight To Turn On Investing In The Caribbean
Central Bank Governor to review ECCU economy next week
- By S Coward
- Published 17-Feb-12
- Banking/ Finance
- Unrated
Basseterre - Feb. 17, 2012 - A
review of the economy of the Eastern Caribbean Currency Union (ECCU) in
2011 and the prospects for the region for 2012 will be presented on Thursday, 23 February 2012
at 8 p.m.
St Kitts National Bank reports Net Income of EC$45 million after tax in 2011
- By S Coward
- Published 09-Feb-12
- Banking/ Finance
- Unrated
Basseterre - Feb. 9, 2012 - Ahead of its 41st Annual General
Meeting next week, the St. Kitts-Nevis-Anguilla National Bank is
reporting that total assets grew from EC$2.27 billion as at 30th June
2010 to EC$2.48 billion as at the 30th June 2011.
Trinidad: Govt gets $134m from EU for sugar revamp
- By S Coward
- Published 09-Feb-12
- Banking/ Finance , Government, Politics, Int'l Relations
- Unrated
Port-of-Spain - Feb. 9, 2012 - The European Union (EU) handed over a cheque for 16.585 million euros
(TT$134.2 million) to the Government yesterday to aid in restructuring
the country's sugar industry.
Trinidad: Inflation Ends 2011 at 5.3 percent: Central Bank Maintains Repo Rate at 3%
- By S Coward
- Published 01-Feb-12
- Banking/ Finance
- Unrated
Port-of-Spain -- Feb. 1, 2012 - The final figures released by the Central Statistical Office for 2011 indicate that headline inflation slowed to 5.3 percent on a year-‐on-‐year basis in December from 5.7 percent in the previous month. On a monthly basis, headline inflation increased by just 0.1 percent in December compared to an increase of 1.2 percent in November.