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…
July 29, 2014
BP sees profits rise but warns of Russia sanctions risk
BP has warned that further sanctions against Russia could affect its business as it posted a rise in second quarter profits. BP said that sanctions imposed over the Ukraine crisis have not affected the oil giant so far, but could do so in the…
July 29, 2014
Kurdish oil tanker in US seizure
A tanker carrying $100m (£59m) of Iraqi Kurdish oil is set to be seized by US marshals on Tuesday. The tanker – carrying an estimated one million barrels of oil – arrived off the coast of Texas on Saturday but had yet to be unloaded. A US judge…
July 24, 2014
Facebook profit jumps to US$791m, ad revenues US$2.68b
Facebook stock jumped to record highs Thursday as strong earnings from the leading social network sparked fresh buying. The shares were up 5.6 percent at $75.30 in late morning trade, well above the record of $72.03 hit on March 10. Facebook said…
July 22, 2014
Barbados can’t avoid the IMF, says Mascoll
The Barbados Government will soon have to sit down and talk with the International Monetary Fund (IMF) for access to cheaper capital. That’s the view of economist and advisor on economic matters for the Barbados Labour Party (BLP), Dr Clyde…
July 22, 2014
Saudi Arabian stock market to open to foreign investors
Saudi Arabia's stock market will open up to foreign investors for the first time, the country has announced. The move, which should happen in the first half of 2015, sparked a 3% rise in the Tadawul index in early trading. The Saudi market is the…
July 17, 2014
Digicel acquires Telstar Cable
Digicel said it has reached an agreement with Telstar Cable Limited to acquire its cable and fibre network in Jamaica. Telstar provides cable television, broadband and telephony services. On completion, which is subject to approval by the…
July 14, 2014
Citigroup pays $7bn in settlement
Banking giant Citigroup will pay $7bn (£4bn) to US authorities to settle an investigation into risky sub-prime mortgages. Citigroup will pay $4bn (£bn) to the Department of Justice and $2.5bn for “consumer relief”. Consumer relief includes…