Caribbean Net News Daily Headlines: BUSINESS

Lloyd's says it doesn't have to pay for Stanford's defence

2009-11-19

CHICAGO, USA (Bloomberg) -- Lloyd’s of London said admissions made by accused Ponzi scheme operator Allen Stanford’s former chief financial officer when he pleaded guilty relieves the insurance syndicate of the obligation to pay defense costs for Stanford and his codefendants.

EU set to cut tariffs on non-ACP bananas

2009-11-19

STOCKHOLM/BRUSSELS (Reuters) -- European trade negotiators are close to a deal to cut tariffs on bananas imported from outside the African and Caribbean region, Europe's trade commissioner Catherine Ashton said on Wednesday. An agreement, would end the world's longest-running trade dispute.