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Welcome to Breaking News Trinidad and Tobago
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1. Reforms should help reduce Honduras' gov't deficit to ...
Photo by Dennis Jarvis, Flickr Standard & Poor's today affirmed Honduras 'B/B' Sovereign Credit Ratings Affirmed saying its Outlook Remains Stable. Below is the full report. OVERVIEW • Recent fiscal reforms should help reduce Honduras' general government deficit to 6.3% of GDP this year and 6% of GDP in 2015, ...
2. Venezuela promises US$200 million for PetroCaribe - ALBA ...
The fund, which is used to finance social and economic programs in PetroCaribe-Alba member countries, will receive a US$200 million injection from PetroCaribe, Venezuelan President Nicolas Maduro said on state media today during the IX PetroCaribe Summit 2015.
3. Persons living in "extreme poverty" in Venezuela now ...
A survey by Caracas' three largest universities - Universidad Católica Andrés Bello, Universidad Central de Venezuela, and Universidad Simón Bolívar called the "Encuesta de Condiciones de Vida 2015 (Encovi)," for the first time in the history of the country shows persons living in extreme poverty outnumbering persons living in poverty.
5. Operating weakness should be already priced in to ...
TV Azteca (TZA) bond valuations have been affected by a combination of weak results, the impact of the weaker peso and perhaps negative implications of the indirect involvement of Grupo Salinas and its bank, Banco Azteca, in Cobre del Mayo (COBREM), Oppenheimer said in a note last week.
6. Venezuela faces 25 expropriation cases
From "Ruling in Favor of Gold Reserve Inc Could Further Pressure Venezuela’s Liquidity" by Moody's Investors Service, April 7, 2015:
8. Fitch sees default by Venezuela's PDVSA as "real ...
In a special report titled: "PDVSA - Something’s Got to Give" and sub-titled, "Focus Shifts to Recovery as $50 per Barrel Oil Makes Default a Real Possibility," Fitch Ratings laid out its findings on February 10. The following are unedited excerpts. Focus Shifts to Recovery: Petroleos de Venezuela S.A.’s (PDVSA) ...
9. Israel promoting terrorism, Venezuela says at UN General ...
"No es posible que a 70 años de la ONU, desde el Estado de Israel se promueve el terrorismo," was the exact quote in Spanish on Venezuelan state social media.
11. Panama's 6.5% growth in 2015 is reasonable, Oppenheimer ...
Photo by DoctorWho, Flickr
12. Spain's foreign minister visits Trinidad & Tobago
Spain's Foreign Affairs Minister José Manuel García-Margallo is in Trinidad and Tobago to strengthen ties with the Caribbean Community (Caricom) as it musters support for its candidacy to the UN Security Council. He reportedly met with his counterpart, Winston Dookeran yesterday evening, and this morning (Monday, May 19) he will ...
13. Will opposition win in legislature really change anything ...
Before the fight ruling President Nicolas Maduro, heir to Hugo Chavez, the Venezuelan opposition has to fight amongst themselves over who will be their leader and what will be the priorities on their legislative agenda.
14. Venezuela’s economic measures do little to stave off ...
* Assumes Venezuela mix discounted 10% from Brent (US$55 for 2015, US$65 for 2016, and US$72 for 2017) All dollar figures in USD. Sources: Haver Analytics and Moody’s Investors Service
15. Venezuela's new exchange rate mechanism unlikely to curb ...
Venezuela's new exchange rate mechanism is unlikely to materially curb relative price distortions in the economy, Moody's Investors Service said in a note Friday (February 27, 2015).
16. Repsol signs with UWI to promote sustainable agriculture
UWI’s Faculty of Food and Agriculture and REPSOL have partnered to promote Sustainable Agriculture through Innovation
18. Cuba tourism may get boost from new US ...
Despite all the hype coming out of international media, nothing in Cuba has fundamentally changed.
19. Citibank CEO meets Dominican Republic Central Bank Governor
Citibank sent a team of its highest executives to meet the governor of the Dominican Republic Central Bank, a statement from the regulator said today.
20. Taiwan experts to train Dominican Republic shoemakers
Photo by domesticat, Flickr
21. Trinidad & Tobago signs academic agreement with Puerto ...
Photo by Patrick McDonald, Flickr
22. Puerto Rico grapples with US$73 billion debt
Photo by El Coleccionista de Instantes, Flickr The Puerto Rican economy continues to struggle while the government searches for ways to ease its burden of more than US$73 billion in debt, Barcelona-based FocusEconomics said in its latest Consensus Forecast for Central America and the Caribbean. FocusEconomics surveys economists from around ...
23. Residential resort grows profit despite Barbados economic slump
The Crane Residential Resorts, a 252-residence shared ownership interest resort in Barbados, has grown its profits at a time when most are still struggling.
24. Car sales fall 83% in Venezuela due to ...
Photo by romano.perelli, Flickr
25. Dominican Republic consumes 140,000 barrels of oil per ...
Photo by Dianne Rosete, Flickr
26. Cuba economy has become more service-oriented: Moody's
Cuba used to have a relatively more diversified economic base in the early 1990's with industrial production accounting for a larger share of GDP, Moody's Investors Service said in its December report on Cuba.
27. Costa Rica's debt-to-GDP on unsustainable rise: IMF
Gato do mato! Jaguatirica, Photo by Ana Cotta, Flickr
28. Cuba expropriated billions from U.S. investors
Total claims against Cuba registered by the US Foreign Claims Settlement Commission exceed US$1.9 billion as the value of property has appreciated in many instances. Some estimate a modern day, more accurate estimate, taking into account inflation, would be US$7 billion.
29. Venezuela concerned about nearby U.S. military exercises
The Government of the Bolivarian Republic of Venezuela said through state media it is keeping an eye on U.S. military exercises being conducted in an area it said is "off the coast of Venezuela."
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