May 23, 2012
World Bank: East Asia ‘vulnerable’ to eurozone crisis
The eurozone debt crisis could harm the growth of East Asian economies, the World Bank has warned. The bank said that a "serious disruption" in the eurozone could hurt growth and dent demand for exports from East Asia. It said that East Asian…
May 23, 2012
IMF tells UK to consider rate cut to boost growth
The International Monetary Fund (IMF) has said the UK's continuing economic weakness means authorities should consider more quantitative easing (QE) and even cutting interest rates. Its annual look at the UK economy endorsed the government's…
May 23, 2012
Google completes purchase of Motorola Mobility
Google's $12.5bn (£7.9bn) purchase of US phone maker Motorola Mobility has been completed days after it received approval from the Chinese government. Chinese authorities said Google must keep its mobile software, Android, free for other device…
May 23, 2012
Regulators to Look Into Facebook IPO as Share Price Drops
Massachusetts' state secretary — the state's top securities regulator — has subpoenaed investment firm Morgan Stanley over allegations it may have withheld information about the future revenue of Facebook. Shares in the world's most popular social…
May 22, 2012
Trinidad, OECS to talk CLICO
Prime Minister of St Kitts-Nevis Dr Denzil Douglas is hoping to meet with his Trinidad and Tobago counterpart next month to thrash out details of an agreement in relation to the CLICO debacle. Douglas said he and other leaders in the Organization…
May 22, 2012
Weak euro affects investments in China
While EU members are debating whether Greece will need to exit the eurozone or not, the impact of the weak euro has spread to Asian countries including China. People are starting to feel the volatility of forex markets both in investments as well…
May 22, 2012
Facebook shares close 11% below flotation price
Shares in Facebook closed well below the price at which they were floated amid doubts that the newly-listed company can live up to expectations. The shares debuted on the Nasdaq stock exchange at $38 each on Friday, but ended 11% down on Monday.…
May 22, 2012
JPMorgan suspends share buy-back
JPMorgan Chase has suspended its share buy-back programme, following a recent $2bn (£1.2bn) trading blunder. But the bank's chief executive, Jamie Dimon, said at a conference in New York that it would keep paying a dividend. JPMorgan was scheduled…
May 22, 2012
Google must answer EU antitrust concerns over search
Google has "a matter of weeks" to allay concerns it is abusing its dominant position in the search engine market, the European Commission has said. An investigation by Europe's antitrust head Joaquin Almunia looked at whether Google gave…
May 18, 2012
Facebook sets share price in $100bn flotation
Facebook has priced its shares ahead of one of the most eagerly-anticipated share flotations in recent stock market history. The social network said on Thursday that it valued shares at $38 (£24) each, and that its shares would begin trading in New…