US regulators set up currency fraud unit - Worried about forex bandits
Federal regulators have formed a task force to investigate and prosecute fraud in the retail market that trades foreign currencies outside of commodity exchanges. Regulators believe unscrupulous operators are rife in the field. The Commodity Futures Trading Commission...
NCB provides $3million to assist athletes in Beijing
The National Commercial Bank (NCB) is sponsoring the Jamaica Olympic team in the amount of $3 million."NCB will support avenues that allow Jamaicans to excel and to showcase positive values," said Sheree Martin, senior assistant general manager in the group marketing...
Laparkan opens local office
THE UNITED States-based Laparkan Group of Companies has opened offices in Jamaica - Laparkan Jamaica Limited. Laparkan has been providing air and ocean shipping to Jamaica for more than 20 years, through a local agent, and is one of the leading players...
Wall Street makes light of Georgian conflict
NEW YORK (AP): Wall Street extended its advance Monday as the price of crude oil fell briefly below US$113 a barrel, easing investors' concerns about the impact of inflation on the American economy.Light, sweet crude fell US$1.88 to US$113.32 per barrel...
... Russian markets rise
LONDON (AP):Russian stock markets rose on Monday as investors focused on the long-term opportunities offered by Russia's booming economy instead of the clash between Russia and Georgia over the province of South Ossetia.News of the fighting in the South...
US banks more rigid with lending
WASHINGTON (AP):More United States banks are tightening lending standards on home mortgages and other consumer and business loans as a deepening credit crisis exerts a heavier toll on the economy. The Federal Reserve said on Monday the percentage of banks reporting ...
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