Thursday, November 21, 2019

Latest News

  • Mutual Fund Trends: Stock Pickers are Banking on Bank Stocks

    NEW YORK — By themselves, neither is very popular. But together, perhaps, they can win some fans? Stock-picking mutual funds, which investors have been fleeing, are increasingly bulking up on bank stocks in hope of beating index...

    • Posted December 24, 2015
  • El Niño Drought Cuts Down on Christmas Lights in Colombia

    BOGOTA, Colombia – This year’s El Niño weather phenomenon is claiming an unexpected casualty in Colombia: Christmas lights. An exceptionally strong El Niño has created a severe drought that officials fear will empty reservoirs that are used...

    • Posted December 24, 2015
  • Paris Climate Goals Mean Emissions Need to Drop Below Zero

    STOCKHOLM – If governments are serious about the global warming targets they adopted in Paris, scientists say they have two options: eliminating fossil fuels immediately or finding ways to undo their damage to the climate system in...

    • Posted December 24, 2015
  • New-Auto Sales to Close Year With About 80,000 Units

    Third Year in a row of Sales Declines BY JOSÉ L. CARMONA If the current sales trend continues, Puerto Rico auto distributors will finish 2015 with about 80,000 new units sold, down 9.3% from last year’s 88,200...

    • Posted December 24, 2015
  • PDP Going Through Tough Times

     The Popular Democratic Party (PDP) is going through some tough times due to the commonwealth government’s fiscal and economic crisis, and the decisions it has made as the governing party, such as raising the sales tax from...

    • Posted December 24, 2015
  • Top 2015 News Stories in Latin America

    U.S.–Cuba Thaw Tops the List Latin America is a region that has been historically embattled by dictatorships, corruption, human-rights violations, the stripping of its riches by foreign powers and the wrath of nature, among many other social...

    • Posted December 24, 2015
  • 2015 Cement Sales Decrease 2.5%

    Cement sales in Puerto Rico decreased to 939 bags in November. This is the lowest amount in more than three decades and reflects a 2.5% decrease when compared with the same month last year. Cement sales represent...

    • Posted December 24, 2015
  • The Year in Review

    P.R. Economy Stuck in Winterland As 2015 comes to a close, Puerto Rico’s economy is entering its 10th year of negative or flat growth, facing well-known challenges of the past, as well some new ones. This year...

    • Posted December 24, 2015
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  • State Elections Commission Rushes to Prepare New Budget

    Cost Unclear for 2016 Elections, but $36.6 Million Spent on 2012 Elections New electoral realities, such as the use of machines to tally votes, could increase the cost of the electoral process, even though there is an...

    • Posted December 24, 2015
  • Ad Calendar

    Now online! Need more frequency for your b-to-b campaign?   Your directory listing and display ad on the new CARIBBEANBUSINESS.PR website allows you to keep your product or service in front of potential users 24 / 7 /...

    • Posted December 24, 2015
  • Weekly Comment on Puerto Rico Stocks

    Investors’ concerns about the continuing drop in oil prices and how the world reacted to the Federal Reserve’s first interest-rate hike since 2006 sent stocks down for the day last Friday, and for the week. Volatility was...

    • Posted December 24, 2015
  • P.R. Statistics Institute, Planning Board to Bring Statistics to the 21st Century

    BY EDISON REYNALDO MISLA Afert years of questions on the reliability of official estimates and projections on Puerto Rico’s economy, the P.R. Statistics Institute has put in motion an ambitious five-year roadmap to finally modernize the commonwealth’s...

    • Posted December 24, 2015
  • Blanco: 2015 was a Relatively Good Year for P.R. Banks’ Profitability

    Levels of Delinquency, Nonperforming Loans Remain High Excluding the closing of Doral Bank and losses experienced by Oriental Bank over two quarters, 2015 was a relatively good year for institutions, noted Rafael Blanco, Puerto Rico Financial Institutions’...

    • Posted December 24, 2015
  • Prepa Inches Closer to Deal With Monolines

    Term Sheet Undergoing Changes As of presstime Wednesday, Dec. 23, 2015, the Puerto Rico Electric Power Authority’s (Prepa) restructuring brigades, led by Chief Restructuring Officer Lisa Donahue, were on the verge of signing a term sheet that...

    • Posted December 24, 2015