Tuesday, October 27, 2020

Latest News

  • Saudi Aramco Chairman Defends Oil Giant’s Possible IPO Move

    RIYADH, Saudi Arabia – The chairman of Saudi Arabia’s state oil giant said on Monday that plans for a possible initial public offering are not being driven by a need for cash amid a global slump in...

    • Posted January 25, 2016
  • Clinton, Sanders take Different Lessons from Obama’s ’08 Win

    MARION, Iowa – To Bernie Sanders, President Barack Obama’s improbable victory in the 2008 Iowa caucuses was a testament to the power of an inspirational underdog. To Hillary Clinton, Obama’s win over her eight years ago proved...

    • Posted January 24, 2016
  • Trump Visits Iowa Church: Gets a Lesson in Humility

    MUSCATINE, Iowa – On the second-to-last Sunday before the Iowa caucuses, Donald Trump settled into a fifth row pew of an Iowa church for a lesson in humility. “I don’t know if that was aimed at me...

    • Posted January 24, 2016
  • Japan Trade Deficit Falls in 2015 on Lower Oil Import Costs

    TOKYO – Japan’s trade deficit fell to its lowest level in four years in 2015, the Finance Ministry reported Monday, as import costs dropped thanks to the collapse in oil prices. Preliminary figures show exports rose 3.5...

    • Posted January 24, 2016
  • New PDP Secretary General was Former Consumer Affairs Secretary

    SAN JUAN – Former Consumer Affairs Secretary Javier Echevarría Vargas was appointed Sunday as secretary general of the Popular Democratic Party (PDP). Echevarría Vargas fills the vacancy left by former Congressman Jorge Colberg Toro, who will seek...

    • Posted January 24, 2016
  • Weekend Storm Economic Hit Not as Bad as Feared

    The weekend blizzard along the East Coast could have a relatively small economic impact – up to $850 million, experts estimate – because the storm hit on a weekend and there weren’t any major power outages. That...

    • Posted January 24, 2016
  • Former Senate President Hernández Agosto Hospitalized Again

    SAN JUAN – In delicate health, although not in critical condition, the former president of the Senate, Miguel Hernández Agosto, was admitted Sunday afternoon to a metropolitan area hospital. The former president of the Popular Democratic Party...

    • Posted January 24, 2016
  • Portugal’s New President Demands Financial Discipline

    LISBON, Portugal – A center-right candidate scored a resounding victory in Portugal’s presidential election Sunday, warning he would use the largely ceremonial post to prevent the center-left anti-austerity government from worsening the debt-heavy country’s financial health. Marcelo...

    • Posted January 24, 2016
  • Senate Democrats to Voice Support for Granting Puerto Rico Restructuring Tools

    SAN JUAN – As Puerto Rico prepares for another U.S. Congress hearing to discuss the island’s crisis, Democratic senators reportedly will be soon releasing a letter calling once again for granting the commonwealth access to a debt-restructuring...

    • Posted January 24, 2016
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  • Great Timing as gentle Sunshine Follows 1-Day Record Snow

    NEW YORK – Brilliant sunshine and gently rising temperatures followed the mammoth blizzard that paralyzed Washington and set a single-day snowfall record in New York City, enabling millions to dig out Sunday and enjoy the winter. The...

    • Posted January 24, 2016
  • PDP Rep Evaluates Alternatives to Mitigate Financial Risks of Public Corporations

    SAN JUAN – The president of the House Treasury and Budget Committee, Rafael “Tatito” Hernández, said Sunday that he will continue gathering this coming week several administration officials so they understand that within their respective agencies or...

    • Posted January 24, 2016
  • US Gas Prices Plunge 14 Cents over Past 2 Weeks

    CAMARILLO, Calif. – The average price of gasoline has plunged 14 cents over the past two weeks, to $1.91 a gallon. Industry analyst Trilby Lundberg said Sunday that with the latest decline the price is the lowest...

    • Posted January 24, 2016
  • Prepa Extends Forbearance Agreement with Local Fuel Lenders

    SAN JUAN – In an interview Sunday with Caribbean Business, the Puerto Rico Electric Power Authority’s (Prepa) chief restructuring officer, Lisa Donahue, said the utility’s local fuel-line lending banks, Scotia group and the Government Development Bank (GDB),...

    • Posted January 24, 2016
  • Business leader Snared in Tax Cheat Crackdown

    SAN JUAN — The president-elect of the Puerto Rico Chamber of Commerce is resigning after being targeted in a crackdown on tax cheats by the cash-strapped Treasury Department. Chamber President José E. Vázquez Barquet announced Frank Medina’s...

    • Posted January 24, 2016
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