Wednesday, December 8, 2021

All posts tagged "Economy"

  • Raul Castro Prepares Cuba For Tough Year Despite US Opening

    HAVANA (AP) – President Raul Castro warned Cubans on Tuesday to prepare for tough economic conditions in 2016 despite warmer relations with the United States. Castro said that while tourism is booming, low oil prices have damaged...

    • Posted December 30, 2015
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  • Amid Cuba Opening, Havana Quinceanera Biz Booms

    HAVANA (AP) – Up a winding flight of stairs at a beachside Havana home, Camila Lopez Rivas lies on the tile floor, smiling mischievously into a video camera circling overhead. Tossed around her are layers of a...

    • Posted December 30, 2015
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  • Trinidad PM Warns Of Hard Economic Times Ahead

    PORT-OF-SPAIN, Trinidad (AP) – Trinidad and Tobago’s leader warned that the Caribbean nation will have to adjust to making do with less amid tough economic conditions including major declines in energy revenue and falling production of natural...

    • Posted December 30, 2015
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  • USVI Legislators To Debate Hovensa Deal With US Equity Firm

    CHARLOTTE AMALIE, U.S. Virgin Islands (AP) – Legislators in the U.S. Virgin Islands are debating an $800 million deal that would allow a Boston-based equity firm to operate what was once the world’s largest oil refinery. Senators...

    • Posted December 30, 2015
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  • US Home Prices Climb In October, Helped By Solid Job Market

    WASHINGTON (AP) – Steady job growth, low mortgage rates and tight inventories helped fuel rising U.S. home prices in October. The Standard & Poor’s/Case-Shiller 20-city home price index rose 5.5 percent in the 12 months ending in...

    • Posted December 30, 2015
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  • Defying Fed Hike, 30-year Mortgage Rate Slips to 3.96 pct.

    WASHINGTON – What Fed rate hike? One week after the Federal Reserve raised short-term interest rates slightly from record lows, the average on a 30-year fixed mortgage went the other way: It dipped to 3.96 percent this...

    • Posted December 24, 2015
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  • 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
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  • Puerto Rico’s Crisis Packs the Pockets of Politicians and Lobbyists in the U.S.

    The government of Puerto Rico expects Congress to include Puerto Rico in Chapter 9 of the U.S. Bankruptcy Code or any measure that addresses the island’s fiscal crisis in its year-end budget, after five hearings were held...

    • Posted December 24, 2015
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  • Federal Reserve Raises Interest Rates

    As expected, the Federal Reserve raised interest rates by 0.25%, placing them between 0.25% and 0.5%. This is the first increase since June 2006. With this move, the Federal Reserve shows its confidence in the U.S. economy,...

    • Posted December 24, 2015
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  • Top Business Story in 2015: China’s Sharp Economic Slowdown

    WASHINGTON — China’s economy lost some luster and its leaders their aura of invincibility. A commodities boom went bust, spreading pain from Texas oil fields to Indonesian coal mines. Seven years of near-zero interest rates ended in...

    • Posted December 23, 2015
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