Trinidad News, Tobago News

Welcome to Breaking News Trinidad and Tobago
Thursday, April 27 2017 @ 10:20 PM AST

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Republic Bank profits rose 7.5% in first six months ending March

The following is the statement from the Bank.

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Cayman Islands banks foreclosure possibilities arise

According to their banks records, notice has been served.
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Digicel borrows US$635 million

"The proceeds will be used to repay a US$837 million credit facility at Digicel International Finance Limited (DIFL) as well as for general corporate purposes," Moody's Investors Service said in an April 25 release.

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Trinidad oil price averaged US$39.40 per barrel in 2016, one company says

Trinity Exploration & Production plc, which sells premium Trinidad crude oil, said in a statement today, it got, on average,
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Trinidad & Tobago now officially 'junk' at Moody's

The following is the verbatim press release from Moody's out yesterday.

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Economic disaster befalls T&T - IMF slashes growth estimates; S&P downgrades sovereign



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Leak at Petrotrin contained

The following is the verbatim statement from the company:

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Full text of Standard & Poor's downgrade of Trinidad & Tobago

The following is the rating release by Standard & Poor's out yesterday.

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Cayman Islands Elections 2017 candidates: Nothing from tourism for Cayman

* Elections candidate: No work for Caymanians (~minute 1:15:00)

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Scotiabank: Brazil economy showing evidence of recovery

"The economy is showing evidence of a gradual recovery. Conf idence indicators are improving in line with solid price stabilization. Formal employment has reversed a negative growth trajectory. Foreign investment inflows are accelerating as the government advances structural (fiscal and pension) reforms. After declining by 3.6% in 2016, real GDP will expand by 0.5% this year before accelerating to 2.5% in 2018. The public sector ear marked a large-scale infrastructu re investment programme as a key driver of economic activity through the remainder of the dec ade. Industrial production is esti mated to recover positive gro wth rates in 2017-18. Domestic consumption will also benefit from an ultra-stimulating monetary po licy adopted by the central bank.