Thursday, July 29, 2021

Latest News

  • Russia’s Ruble Tumbles amid Market Turmoil

    MOSCOW – Russia’s ruble has dropped nearly 2 percent amid the turmoil affecting global stock markets and oil prices. The ruble was down by 1.9 percent at 80.1 rubles to the U.S. dollar in late afternoon trading...

    • Posted February 11, 2016
  • Applications for US Jobless Aid fell Sharply Last Week

    WASHINGTON – Fewer Americans applied for unemployment benefits last week in a sign of a stable job market despite the slowing global economy hitting stocks and commodities. THE NUMBERS: Weekly applications for jobless aid fell 16,000 to...

    • Posted February 11, 2016
  • Unease as Greek, Portuguese Bond Rates Spike

    LONDON – The financial market turmoil is drawing attention back to the ability of a number of countries that use the euro currency to pay their debts. On Thursday, in a sign that investors are getting somewhat...

    • Posted February 11, 2016
  • Gold hits Year-high as Investors Look for Safety

    LONDON – Investors turn to gold as a safe store of value in times of market stress. On Thursday, the precious metal’s price rose to its highest in a year. It was up 2.7 percent at $1,227.70,...

    • Posted February 11, 2016
  • Sweden Cuts Key Interest Rate Further Below Zero

    STOCKHOLM – Sweden’s central bank, worried about a long period of low inflation, decided Thursday to cut its key interest further below zero to a record minus 0.50 percent – and didn’t rule out further action. Describing...

    • Posted February 11, 2016
  • UN Agency: Major Droughts Count Rises amid Record-hot 2015

    GENEVA – The U.N. agency specializing in reduction of disaster risks says the Earth faced more than twice as many major droughts last year than the average of the last decade. Focusing part on the human cost...

    • Posted February 11, 2016
  • Oil Price Drop pushes Total Profit down 26 Percent

    PARIS – Total says its fourth quarter earnings skidded 26 percent as the collapse in oil prices hit another global energy giant. The French company said Thursday that profit adjusted for changes in the value of inventories...

    • Posted February 11, 2016
  • Epidemiologists Meet in Puerto Rico to Discuss Zika

    SAN JUAN – A leading group of world-class epidemiologists, specializing in tropical diseases, met in Puerto Rico to discuss solutions to speed up diagnoses and identify mechanisms and treatments for diseases such as Zika, dengue and chikungunya...

    • Posted February 11, 2016
  • NPP Senator issues Warning to Sanders’ Presidential Campaign over PDP Supporters

    SAN JUAN – Sen. Carmelo Ríos is warning presidential hopeful Bernie Sanders’ campaign about the support it is receiving from Puerto Rico sectors of the Popular Democratic Party (PDP) that seek sovereignty. Specifically, Ríos referred to the...

    • Posted February 11, 2016
  • Societe Generale Shares Slump on Profit Warning

    PARIS – Shares in Societe Generale slumped Thursday after the French bank warned it would not achieve a targeted increase in profitability this year. Societe General blamed a rise in regulatory capital requirements and “the economic and...

    • Posted February 11, 2016
  • Lawmakers Mull Bill to Help Prasa Achieve External Financing

    GDB Says not so Fast With Puerto Rico lawmakers on the verge of approving the “largest securitization in U.S. history” for the P.R. Electric Power Authority (Prepa), another bill seeking the same structure for the P.R. Aqueduct...

    • Posted February 11, 2016
  • The Investment Summit

    Scaling the Acts 20/22 Mountain The 2016 Puerto Rico Investment Summit kicked off at the Convention Center in Miramar on Thursday, Feb. 11, bringing together executives, attorneys, CPAs, institutional investors, investment bankers and private equity professionals for two...

    • Posted February 11, 2016
  • Publisher’s Letter

    Dear Readers: Much to my dismay, the process of restructuring Puerto Rico’s debt is moving toward what I believe is a disastrous path for local bondholders and for the economy as a whole. This issue, which I...

    • Posted February 11, 2016
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  • Clinton Struggles to Win Over Younger Women

    CONCORD, New Hampshire – For young women, political revolution is currently trumping the idea of a Madame President. In New Hampshire, women under the age of 45 overwhelmingly backed Bernie Sanders over Hillary Clinton, exit polls showed....

    • Posted February 11, 2016