The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has capital well in excess of its retained risk of US$25 million to cover payouts on more extreme disasters, including those classified as 1 in 10,000-year events....

The delayed effect of new import duties implemented in May is now being felt by new-car dealers, who warn that jobs will be lost without a rollback of the 50 per cent tax hike....

Jamaica's youth unemployment, at 32.2 per cent, is close to three times the national average, and has worsened in the past year, according to new data from Statin.Youth unemployment rose as high as 34.9 per cent in mid-2011.The overall unemployment rate...

The leadership of the United States Securities and Exchange Commission (SEC) will change next month.Its approach to regulation probably won't.Mary Schapiro will step down as chairwoman after a tumultuous tenure in which she helped lead the government's...

European and global financial leaders have agreed to release €44 billion (US$57 billion) in critical loans to Greece and provide billions in additional debt relief in order to help the country stabilise its ailing economy...

Intrade, the online prediction market that gained popularity as an informal oddsmaker for the presidential election, shut itself to US customers Monday after regulators charged it with illegally facilitating bets on future economic data...

The British government has chosen Mark Carney, a Canadian, to become governor of the Bank of England, the first time a foreigner has been tapped for the position since the central bank was founded in 1694.

The leadership of the United States Securities and Exchange Commission (SEC) will change next month.