By RENALDO DORSETT

Sports Reporter

rdorsett@tribunemedia.net

BAHAMIAN tennis ace Mark Knowles and his newest partner Xavier Malisse, looking for their second title of the year, have advanced to the next round of the US Open - the final Grand Slam tournament of the 2011 ATP Tour began Monday in Flushing Meadows, New York.

The dynamic duo, the No. 15 seeds in the men's doubles draw, made it into the second round with a 6-3, 7-6, 6-1 win over the unranked American duo of Jack Sock and Jackson Withrow.

The Bahamian and Belgian recorded five aces, won 81 per cent on first serves, 50 per cent on second serves and converted 30 per cent of break points.

They will face the winner of the ope ...

GETTING broker/dealers or the Government to act as 'market makers' for initial public offerings (IPO) they have brought to market is "a dream more than a reality", RoyalFidelity Merchant Bank & Trust's president has told Tribune Business, as there is "no profit in it".

While acknowledging that low liquidity levels in the Bahamian equities market were preventing retail investors from easily existing their investments, Michael Anderson said there was not enough "reward" to incentivise investment banks and broker/dealers into playing this role.

Rather than have these companies act as 'purchasers of last resort' ...

By NEIL HARTNELL
Tribune Business Editor

By NEIL HARTNELL

Tribune Business Editor

A REDUCTION in the Government's recurrent expenditure by 2-3 per cent during the 2011-2012 Budget year would have set this nation firmly on the path to reduce its debt-to-gross domestic product (GDP) ratio by five percentage points over the next four years, an International Monetary Fund (IMF) research paper has revealed.

The paper, by Alejandro Guerson and Giovanni Melina, entitled 'Public Debt Targeting: An application to the Caribbean', urged the Bahamas and other regional nations to adopt a fiscal framework that attempted to "smooth" recurrent spending over the business cycle, and set a band range within which the debt-to-GDP ratio ...

Freeport, Bahamas - Sound the alarm! We predict this year's event will be just
as good as past events and 'the place to be' on

November 5th, 2011 is the
Grand Ballroom, Radisson at Our Lucaya Resort - this and every year!"

The Red Rose Ball Committee will host a magnificent black-tie Charity
event, featuring the theme:

"A Night at the Opera House, Australia"
which will be held on November 5th, 2011 in a continued collaborative effort
with our Partners whom have taken a stand in helping us in the fight against
AIDS in Grand Bahama, the event will be held under the distinguished patronage
of The Rt. Hon. Hubert A, Ingraham, Prime Minister