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…
August 12, 2014
RBS may sell ‘Queen’s bank’ Coutts International arm
Royal Bank of Scotland (RBS) is looking into selling Coutts International, the overseas arm of the private bank that has the Queen's account, in a move that could raise £600m ($1bn). A number of potential buyers around the world are thought to be…
August 12, 2014
Chiquita subject of $611m bid to rival Fyffes merger
Two Brazilian companies have made a $611m (£363m) bid for US banana group Chiquita. Juice maker Cutrale and conglomerate Safra have offered $13 a share, a 29% premium to Chiquita's closing share price on Friday. Chiquita shares jumped 31% in…
August 2, 2014
US economy adds 209,000 jobs in July
The US added 209,000 jobs in July, adding to optimism that the country's recovery continues apace. The unemployment rate ticked up slightly to 6.2%, latest data from the Bureau of Labor Statistics has shown. The biggest job gains were in…