Dominican Republic

Dominican Republic News

  • Gol Shifts to Add Routes Abroad With Cuts Reaching Limit

    Gol Linhas Aereas Inteligentes SA, Brazil’s biggest airline, is counting on routes outside the country to boost revenue as it exhausts possible cost savings after eliminating jobs, flights and planes.

  • Perez’s Nomination to Lead Labor Department Advances to Senate

    A Senate panel approved the nomination of Thomas Perez to be labor secretary, advancing President Barack Obama’s pick to succeed Hilda Solis as the nation’s top labor-law enforcer to the full U.S. Senate where Republican opposition is building.

  • Dominican Republic Seeks $487 Million Stimulus

    The Dominican Republic said it will free up 20 billion pesos ($487 million) to stimulate growth by lowering reserve requirements and expanding loans to companies and consumers in the Caribbean’s largest economy.

  • Barrick Agrees to Amend Dominican Republic Mine Contract

    Barrick Gold Corp., the world’s biggest producer by sales, agreed in principle with the Dominican Republic on changes to the lease for its Pueblo Viejo mine that would give more revenue to the government.

  • Eight Charged With Debit Card Cyber-Crime Targeting Banks

    Eight New York residents were charged in what U.S. prosecutors said was a $45 million global debit card cyber-attack scheme targeting banks based in the United Arab Emirates and Oman.

  • Cuba Makes First WTO Dispute Targeting Australia Tobacco Rules

    Cuba initiated its first dispute at the World Trade Organization, targeting Australia’s plain- packaging requirements for tobacco products.

  • Market’s $20 Trillion Yielding 1% Shows Austerity Mistaken

    At a time when politicians are squeezing budgets to cut borrowing, the bond market is clamoring for more debt, pushing yields on almost $20 trillion of government securities to less than 1 percent.

  • Dominican Republic Said to Sell Benchmark Dollar Bonds Tomorrow

    The Dominican Republic plans to sell dollar bonds due in 10 years as soon as tomorrow, according to a person familiar with the offering.

  • Barrick’s Days of ‘Abuse’ Numbered, Dominican Lawmaker Says

    Abel Martinez, pres. of Dominican Republic chamber of legislators, comments in statement. * Dominican President Danilo Medina said Feb. 27 that existing contract with Barrick at Pueblo Viejo mine is unacceptable and needs to be revised to provide more benefit to country * Medina says for every $100 of gold exports from Dominican Republic, Barrick receives $97; if contract can’t be revised, govt will back legislation to increase taxes on export earnings of mineral companies * NOTE: Pueblo Viejo $4b investment largest in nation’s history * Andy Lloyd, a Barrick spokesman, didn’t immediately respond to requests for comment made by phone and e-mail

  • Barrick’s Munk Defends Thornton Bonus Amid Protest on Pay

    Barrick Gold Corp. founder and Chairman Peter Munk defended an $11.9 million sign-on payment to Co-Chairman John Thornton in the face of opposition from the biggest gold miner’s investors.

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