Archives for Saturday, December 20, 2003:

Parmalat verging on bankruptcy as Cayman Islands assets apparently vanish

MILAN, Italy: The troubled Italian food giant Parmalat is expected to ask judicial authorities to grant it protection from its creditors after the apparent disappearance of billions of dollars of assets it had supposedly held in the Cayman Islands... read more...

Aristide backs church-proposed bid to end unrest in Haiti

PORT-AU-PRINCE, Haiti (AFP): Haiti's President Jean-Bertrand Aristide has urged political rivals to adopt a compromise settlement proposed by the Roman Catholic leadership to defuse mounting tensions as Haiti's independence bicentennial looms... read more...

Nevis is better positioned for full independence

CHARLESTOWN, Nevis: With a debt to GDP ratio estimated at 72%, Nevis compares favourably with other islands in the OECS and Premier Mr Vance Amory is of the opinion that the island would be in a much better position if it were independent... read more...

Minister hopeful Trinidad will be FTAA headquarters

PORT OF SPAIN, Trinidad (AFP): Trade Minister Ken Valley was optimistic Friday that Port of Spain, the bustling Trinidad capital, will be selected as the site of the headquarters of the secretariat of the Free Trade Area of the Americas (FTAA)... read more...

Grenada government provides $5 million for nutmeg farmers

ST GEORGE'S, Grenada: The Government of Grenada has come to the rescue of nutmeg farmers with a year-end payment of $5 million... read more...

Inflow of capital to St. Kitts-Nevis reflects confidence

BASSETERRE, St. Kitts: Preliminary estimates of Gross Domestic Product indicate that St. Kitts and Nevis recorded a 0.8 percent economic growth in 2002, Prime Minister Dr. Denzil Douglas has disclosed... read more...

SPORTS NEWS

Lara, Chanderpaul prop up West Indies

EAST LONDON, South Africa (AFP): Brian Lara and Shivnarine Chanderpaul hit half-centuries to lift an otherwise disappointing West Indian batting display against Border on Friday... read more...