February 2, 2014
IMF predicts economic growth for St Kitts-Nevis
The International Monetary Fund (IMF) is predicting economic growth as high as three per cent for St Kitts-Nevis in 2014. An IMF mission Friday ended a three-day visit to the twin island Federation conducting reviews of the three-year…
February 2, 2014
Pressure mounts for Apple to expand its horizons
Apple reshaped technology and society when Steve Jobs unveiled the iPhone seven years ago. Now, the trend-setting company is losing ground to rivals that offer what Apple has stubbornly refused to make: smartphones with lower prices and larger…
January 28, 2014
Global smartphone shipments top one billion ‘milestone’
More than one billion smartphones were shipped last year, with Samsung extending its lead as the world's biggest vendor, a new survey has showed. According to market research firm IDC, 1.004 billion smartphones were shipped last year, marking a…
January 28, 2014
Apple shares plunge after reporting flat earnings
Shares in tech giant Apple fell close to 9% in after-hours trading after the firm reported flat profits of $13.1bn (£7.9bn) during the October to January quarter. While the earnings beat expectations, the firm lowered it sales outlook for 2014,…
January 28, 2014
Sony’s credit rating cut to junk
The Japanese electronic giant, Sony, has had its credit rating cut to junk status by ratings agency Moody’s. Moody’s said it expected earnings from Sony’s core businesses to continue to face “significant” downward pressure. It said it was especially…
January 27, 2014
NSA ‘engaged in industrial espionage’ – Snowden
US intelligence leaker Edward Snowden has alleged the National Security Agency engaged in industrial espionage. In an interview with Germany's ARD TV channel, the former NSA contractor said the agency would spy on big German companies that…
January 27, 2014
Japan reports record annual trade deficit
Japan has reported a record annual trade deficit after the weak yen pushed up the cost of energy imports. Its deficit rose to 11.5 trillion yen ($112bn; £68bn) in 2013 - a 65% jump from a year ago. Japan has seen its energy imports rise in…
January 20, 2014
China economic growth at 14-year low
China's economy, the world's second-largest, grew at its slowest pace in 14 years in 2013, latest figures show. Its gross domestic product (GDP) expanded 7.7% from a year ago, the slowest pace of growth since 1999. The growth rate was better than…
January 20, 2014
Deutsche Bank reports surprise loss as legal costs mount
Deutsche Bank has reported a surprise loss for the fourth quarter of 2013, after releasing its latest results before they were expected. Overall Deutsche said it posted a pre-tax loss of 1.153bn euros for the final quarter of 2013. The bank said…
January 20, 2014
Experts to debate fiscal policy, debt and growth in the Caribbean
The UN Economic Commission for Latin America and the Caribbean (ECLAC) says fiscal authorities from central banks as well as economy and finance ministries from the region and Spain will this week debate fiscal policy, debt and growth in the region.…