February 14, 2014
Barbados debt levels will hopefully stabilise by 2016 – IMF
The International Monetary Fund (IMF) says fiscal measures recently introduced by the Barbados government will, if fully implemented, should stablise debt levels by 2016. “However, downside risks are considerable and failure to implement corrective…
February 14, 2014
India telecoms auction raises $10bn from mobile firms
India's mobile phone firms have bid almost $10bn (£6bn) in a key auction for the country's second-generation (2G) telecoms licences. The amount far exceeded the government's target of $1.8bn, and will be used to shrink its budget deficit. The…
February 14, 2014
China’s consumer inflation holds steady at 2.5%
China's inflation rate remained subdued in January, despite rising food prices during the New Year celebrations. Consumer prices held steady at 2.5% from a year earlier, which was slightly higher than many economists expected. The National Bureau…
February 14, 2014
Jamaica Meets Latest IMF Targets
Jamaica met all of its quantitative performance targets and indicative targets for the end of December, according to the International Monetary Fund. The IMF, which recently concluded a nine-day mission to Jamaica, said it had reached “preliminary…
February 14, 2014
Tyre maker Bridgestone pleads guilty to price-fixing
Tyre maker Bridgestone has pleaded guilty to price-fixing and agreed to pay a $425m (£255m) fine to the US Department of Justice (DOJ). According to the charges, Bridgestone participated in raising the prices of anti-vibration rubber parts sold to…
February 14, 2014
Comcast buys rival Time Warner Cable for $45bn
Comcast has confirmed a deal to acquire Time Warner Cable for about $45bn (£27bn), creating a company that could control three-quarters of the US cable industry. Comcast will pay about $159 per share for its rival in an all-stock deal. The deal…
February 11, 2014
American World Clinics can bring US$450m to economy
American World Clinics’ model deploys the best in medical technology, facilities, and professionals with the majority of our physicians and surgeons being board certified United States-trained doctors. We believe this model allows us to fulfill our…
February 11, 2014
Investor Carl Icahn abandons Apple share buyback effort
Activist investor Carl Icahn has announced he sees "no reason to persist" in his attempt to force Apple to return more money to shareholders. Mr Icahn had been demanding Apple buy back $50bn (£30.5bn) of its shares. However, he said he was…
February 11, 2014
Facebook’s Mark Zuckerberg named top US philanthropist
Facebook founder Mark Zuckerberg and his wife Priscilla Chan have been named joint top US philanthropists for 2013. The couple gained the accolade after a donation of 18 million Facebook shares to a Silicon Valley foundation. The donation, worth…
February 11, 2014
‘Dumb’ Starbucks owner revealed to be comedy personality
The owner of a parody coffee shop in Los Angeles called "Dumb Starbucks" has been revealed to be Canadian television comedy personality Nathan Fielder. Mr Fielder appeared in person at the store to make the announcement, where he said there are…