Daily Archive: Friday, October 28, 2011

Articles published on Friday, October 28, 2011

CAL fined US$60,000 for short-changing passengers

(Trinidad Express) The United States Department of Transportation (DOT) yesterday fined State carrier Caribbean Airlines Ltd (CAL) US$60,000 for limiting reimbursements for lost, damaged and delayed baggage to less than consumers were entitled under an international treaty.

Non Pariel fisherman shot in head

Police say that at about 1010h today fisherman Parmanand Bacchus, 45 years of Non Pariel, ECD, was at the Strathspey Seawall, ECD, when he was confronted by two men, one of whom shot him to his head after which they escaped.

Six T&T cops to be charged over Taser attack

(Trinidad Express) Director of Public Prosecutions Roger Gaspard has instructed that six police officers be charged with crimes linked to the arrest and beating of three men who were also repeatedly shocked with Taser guns at the Chaguanas Police station last year.

Hubert Wong

Anthropologist Hubert Wong endorses AFC

Anthropologist and consultant Hubert Wong is backing the Alliance For Change (AFC) at the upcoming polls, saying that it offers the opportunity to dismantle “the antiquated political status quo of the PPP/PNC,” which he believes has brought the country to the brink of becoming a failed state.

Bravo leads strong A-Team

ST. JOHN’S, Antigua, CMC – Dwayne Bravo will have a chance to make a case for a place in upcoming tour and fortify his claims to be a possible West Indies captain when he leads the A-Team against Bangladesh-A in a home series next month.

Moses’ night

By Tantaliser “Preach it Moses!” The calls came out of the ranks of those assembled as the man deemed the “rod” who will “part the PPP in half” exhorted change from atop the AFC’s platform.

Canadian gets three years for cocaine after plea bargain

Canadian citizen Errol George Laird who was accused of having 1.548kg of cocaine in his possession for the purpose of trafficking at the Cheddi Jagan International Airport, Timehri, changed his plea to guilty yesterday after he reappeared before acting Chief Magistrate Priya Sewnarine-Beharry at the Georgetown Magistrates’ Court.

Avon under fire from SEC and Wall Street

(Reuters) – U.S. regulators are formally  investigating whether Avon broke bribery and disclosure laws,  in a further blow to the cosmetics company which is again  reassessing its strategy after quarterly profit fell far short  of expectations.

Euro deal leaves much to do on rescue fund, Greek debt

BRUSSELS, (Reuters) – Euro zone leaders struck a  last-minute deal yesterday to contain the currency bloc’s  two-year-old debt crisis but are now under pressure to finalise  the details of their plan to slash Greece’s debt burden and  strengthen their rescue fund.

Shoppers in downtown Georgetown earlier this week

Consumer confidence in Guyana highest in Caricom at 82

Statistics published in the recently released third quarter Caricom Consumer Sentiment Survey indicate that while consumer sentiment across the region recorded a significant improvement between July and September this year, public confidence in government handling of the respective economies of the region remains relatively low.

 Pope Benedict

Pope expresses shame for Christian violence in history

ASSISI, Italy, (Reuters) – Pope Benedict, leading a  global inter-religious meeting,  acknowledged yesterday “with  great shame” that Christianity had used force in its long  history as he joined other religious leaders in condemning  violence and terrorism in God’s name.

South Africa and Australia in search of momentum

DURBAN, (Reuters) – South Africa and Australia reckon  today’s decisive one-day game could have a bearing on next  month’s test series and both are giving their injured players  every chance to prove their fitness for the Durban clash.   

Saif al-Islam Gaddafi

Gaddafi son seeking flight to Hague court – NTC

DUBAI, (Reuters) – Saif al-Islam Gaddafi, fearing for  his life if captured in Libya, has tried to arrange for an  aircraft to fly him out of his desert refuge and into the  custody of The Hague war crimes court, a senior Libyan official  said yesterday.

City’s Tevez did not refuse to play – PFA

LONDON, (Reuters) – Carlos Tevez should not have been  fined four weeks’ wages by Manchester City as he did not refuse  to play in last month’s Champions League match at Bayern Munich,  England’s Professional Footballers’ Association (PFA) said yesterday.

LUCAS STOCK INDEX The LSI regained the value that it lost last week to reach 143.18.  Trading activity this week involved the stocks of Banks DIH (DIH), Demerara Distillers Limited (DDL) and Demerara Bank Limited (DBL).  The first two remained unchanged while the stocks of DBL increased by 3.90 percent to help push the index up.  Notwithstanding the positive movement, the spread between the index and the risk-free Treasuries due to mature in December 2011 remain below 20 percentage points.

The forgotten sector

Unique The United Nations (UN) will launch the International Year of Cooperatives (IYC) on October 31, 2011 and there is no publicly available evidence that Guyana is ready to join that effort with its own initiative. 

Promising biodiesel crop needs time to prove itself

LONDON,  (Reuters) – Several new companies are betting  on the little-known pongamia pinnata tree as a biodiesel  feedstock that does not hurt food production, but a decade or  more of research and development is still needed to determine  its value as a commercial crop.

Cable sabotage has been the bane of GT&T’s existence

Cable cuts cost GT&T US$3.5M between January and June – Mahadeo

Routine maintenance and build out work to the country’s domestic telecommunications infrastructure has been set back by about five months as a result of pressures being placed on the human and technical resources of GT&T by the need to attend to emergency repairs resulting from cuts in both its copper and fibre optic cable infrastructure.

Mahinda Rajapaksa

Commonwealth ministers stumble over human rights

PERTH, Australia, (Reuters) – Common-wealth foreign  ministers meeting yesterday were split over how tough to get  on human rights abuses in member countries, an issue which one  official said their leaders were unlikely to resolve at a summit  later in the week.

Manny  Pacquiao

Pacquiao fired up for third bout with Marquez

HOLLYWOOD, California, (Reuters) – Occasionally  criticised for being too much of a gentleman in the ring, Manny  Pacquiao is more motivated than ever for his WBO welterweight  title defence next month against Mexican Juan Manuel Marquez.  

GASCI market Journal

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 431’s trading results showed consideration of $682,375 from 52,150 shares traded in 5 transactions as compared to session 430 which showed consideration of $3,612,250 from 128,843 shares traded in 8 transactions. 

T&T hikes LNG exports to Japan

(Trinidad Guardian) T&T’s exports of liquefied natural gas to Japan are on the increase with one analysis pointing out that Japan’s second-largest power utility, Kansai Electric, imported almost four times as much LNG from Trinidad and Tobago this year than last, as of August.