January 15, 2012
LIME blasts Holness, urges emergency overhaul of telecoms regulation
TELECOMS giant LIME yesterday accused former Prime Minister Andrew Holness of betraying Jamaican consumers when he reversed a requirement that Digicel maintain both networks as a condition of its proposed merger with Claro. At the same time, LIME…
January 15, 2012
Trinidad PM concludes state visit to India with business talks in Mumbai
In her final bid to lure potential Indian investors and entrepreneurs to the shores of Trinidad and Tobago, Prime Minister Kamla Persad-Bissessar on Friday reiterated her call for more Trinidad and Tobago-India economic and trade relations during…
January 15, 2012
New Guatemala President Otto Perez Molina takes office
The new president of Guatemala, Otto Perez Molina, has been sworn into office after his election victory in November. Mr Perez Molina - a former army general - has promised tough action to combat soaring levels of violent crime and drug…
January 15, 2012
Chavez ‘would accept’ Venezuela election defeat
Venezuelan President Hugo Chavez has told opposition leaders that he will relinquish power if he loses elections due in October. In his annual address to Congress, Mr Chavez said the opposition should also accept the result if he wins. The…
January 15, 2012
French PM downplays rating decision
French PM Francois Fillon has defended his government's economic policies following the decision by ratings agency Standard and Poor's to downgrade the credit rating of France. He said the government would push ahead with reforms and debt…
January 15, 2012
China angry at US sanctions on oil firm Zhuhai Zhenrong
China has criticised sanctions imposed by the US on a Chinese firm for selling refined petroleum products to Iran. China's foreign ministry said imposing unilateral sanctions on Zhuhai Zhenrong based on US law was "unreasonable". The US said on…
January 15, 2012
Record imports widen US trade deficit
The US trade deficit widened in November for the first time in five months. Official figures from the Commerce Department showed that the overall deficit grew 10.4% to $47.8bn. Imports rose 1.3% to a record $225.6bn (£147.3bn), boosted by demand for…
January 15, 2012
Fight for Claro customers
Telecommunication firms Digicel and LIME both moved on Friday to lure Claro customers in limbo as word spread about Digicel's plan to shut down the Claro network which it acquired last year. Digicel stated in a press release that it had advised…
January 15, 2012
Man Utd sponsor Aon moves headquarters to London
US insurance broker Aon has said it plans to move its corporate headquarters from Chicago to London. "The move provides greater access to emerging markets and takes better advantage of the strategic proximity to Lloyd's," the firm said. The move,…
January 15, 2012
Greece debt write-off talks with banks stall
Talks between Greece and its private sector lenders over a possible 50% write-off of its debts have stalled. Reaching a deal is a pre-condition for Athens receiving the next chunk of bailout cash from the International Monetary Fund and European…