September 16, 2014
Heineken rejects takeover offer from SABMiller
Dutch brewing giant Heineken has rejected a takeover offer from London brewer SABMiller saying the proposal is "non-actionable". Heineken said it had "consulted with its majority shareholder" before rejecting the approach. It said the Heineken…
September 16, 2014
UK inflation rate down to 1.5% as food and petrol costs fall
The annual rate of UK inflation fell in August as the cost of petrol, food and non-alcoholic drinks declined. Consumer Price Index (CPI) inflation fell to 1.5% from 1.6% in August, the Office for National Statistics said. It means the Bank of…
September 15, 2014
InterCaribbean Airways Increases Caribbean Connections
InterCaribbean Airways extends their partnerships with the travel agent community and is hosting an event to meet The Bahamas Travel Agents and Travel Press. interCaribbean Airways has been expanding their schedule, created well timed connections…
September 15, 2014
CHICOS Program to Include Providing Capital, All-Inclusive Resorts and Sustainable Hotels
Discussion Panels and Workshops at the Caribbean Hotel Investment Conference & Operations Summit (CHICOS) will focus on key subjects impacting the investment climate in the Caribbean including available capital, mixed-use development and other…
August 24, 2014
Fed chief Yellen says slack remains in US jobs market
US Federal Reserve chair Janet Yellen has said there is still "remaining slack in the labour market". It was understated by the unemployment rate, at 6%, she said. She called for the slack to be "more nuanced" in the way it was assessed, due to…
August 24, 2014
HSBC boss makes capital flight claim
Uncertainty over an independent Scotland's currency could lead to "capital flight" from the country, the chairman of HSBC has claimed. Writing in the Telegraph, Douglas Flint said supporters of independence were "advocating a giant step into…
August 24, 2014
IMF defends Antigua policies
A senior official of the International Monetary Fund (IMF) Tuesday defended its policies towards Antigua and Barbuda after the island’s new government launched a scathing attack on the Washington-based financial institution. IMF Deputy Director of…
August 15, 2014
Coca-Cola buys 16.7% stake in Monster Beverage
US drinks giant Coca-Cola has bought a 16.7% stake in Monster Beverage in a cash deal, as it looks for growth away from fizzy drinks. In the $2.15bn (£1.3bn) deal, Coca-Cola will transfer its worldwide energy business to Monster. In exchange,…
August 14, 2014
Margaritaville surpasses sales target in TCI
Margaritaville Turks & Caicos (TCI) surpassed its US$6-million revenue target for its financial year. Growth in sales helped boost the tourist attractions earnings to over US$720,000, which was 21 per cent higher than the year before. The…
August 12, 2014
GlaxoSmithKline faces bribery claims in Syria
The international pharmaceutical giant GlaxoSmithKline (GSK) is facing new claims it bribed Syrian distributors to increase sales in the country. The claims come from the Reuters news agency, which has seen an anonymous email sent to top management…