July 26, 2016
AB InBev raises offer for SABMiller
The offer was raised by £1 a share to £45 a share, valuing SABMiller at about £79bn, up from £70bn previously. SABMiller said the two firms had discussed the deal last week "in light of recent exchange rate volatility and market movements". The…
July 22, 2016
IMF’s Lagarde to face trial over payout court confirms
The head of the International Monetary Fund, Christine Lagarde, will stand trial over a state payout to the French tycoon Bernard Tapie, an appeals court has ruled. She is charged with negligence over the award to Mr Tapie of €404m ($445m; £339m) in…
July 18, 2016
Turkish shares close down 7% after coup attempt
Shares in Istanbul closed down by 7.1% following Friday's attempted coup in Turkey. But the Turkish Lira, which initially fell by nearly 5%, recovered some of its lost ground and rose by 1.4% on Monday. Over the weekend the government moved to calm…
July 12, 2016
BOE Governor defends private Osborne Brexit meetings
The Bank of England governor has said it is "important" that he and Chancellor George Osborne are allowed to have private meetings. However, Mark Carney has agreed minutes of their private talks on Brexit may be examined "discreetly" by MPs. It was…
July 12, 2016
JP Morgan to raise pay for 18,000 US staff
Banking giant JP Morgan Chase plans to raise the hourly wages of 18,000 US staff over the next three years. The bank's chief executive Jamie Dimon said he wanted to address income inequality and called on others in the private sector to do more. "A…
July 12, 2016
Odeon & UCI cinemas sold to China-owned firm
Odeon & UCI Cinema Group has been bought by AMC Entertainment, a US chain owned by Chinese conglomerate Dalian Wanda, in a deal worth £921m ($1.21bn). Odeon & UCI is currently owned by private equity firm Terra Firma, and has 242 theatres…
June 29, 2016
Lime has successfully merged with Columbus Networks and Cable & Wireless Communications
Lime has successfully merged with Columbus Networks and Cable & Wireless Communications to form C&W Business, the leading business solutions provider in our region. Manager for the Turks & caicos Branch, Dellarice Hall added that ‘We’ve…
May 2, 2016
DIGICEL BUSINESS WINS DOUBLE AT AVAYA AWARDS
Digicel Business recently won two major awards at the Avaya Partner Engage Week ceremony which just wrapped up in Miami. The ‘Best Sales Person’ award was presented to Selwyn Adams, Business Solutions Senior Engineer for Digicel St. Lucia, while the…
April 13, 2016
Invest Turks and Caicos prepares to highlight the Islands strengths at Regional Conferences
Invest Turks and Caicos (Invest TCI) is gearing up to promote the Islands as an attractive destination for foreign investment at regional conferences, summits and roadshows in the month of May. Representatives of the Invest TCI team will join…
April 7, 2016
Angola to Open Loan Talks With IMF
Angola will begin loan negotiations with the International Monetary Fund on a three-year loan facility next week as lower oil prices hammer the finances of Africa's second-largest crude exporter, the Finance Ministry and the IMF said on Wednesday.…