January 3, 2014
Spain in talks to resolve row in Panama Canal dispute
The Spanish government is in talks with Panama to try and resolve a row over the expansion of the Panama Canal. Spain's public works minister Ana Pastor will fly to Panama this weekend, following a meeting between diplomats on Friday. Work began on…
January 3, 2014
Latin & Caribbean Economy to grow by 3% in 2014 according to IDB
The Inter-American Development Bank (IDB) is forecasting that economic growth in the Latin America and Caribbean region, which includes Belize, will amount to 3% during 2014, according to a report released earlier this week. It said that during…
January 3, 2014
BSX Releases 2013 Year End Review Report
The Bermuda Stock Exchange [BSX] said that 2013 was a “significant and positive year for the Exchange with accelerated momentum in the listing of Insurance Linked Securities and the successful upgrade of the Exchange’s trading engine to the NASDAQ’s…
January 3, 2014
Oil Price Falls Below $96
The price of oil dropped three per cent Thursday on expectations of higher global supplies and the impact of a strengthening dollar. United States benchmark oil for February delivery fell $2.98 to close at $95.44 a barrel in New York. It was the…
January 3, 2014
Global Stocks Drop On Weaker China Manufacturing
Global markets began the new year on a subdued note, mostly falling Thursday after a Chinese manufacturing survey suggested the world's second-largest economy might be slowing. An industry group, the China Federation of Logistics & Purchasing,…
January 2, 2014
Fiat agrees to buy up rest of Chrysler
The Italian motors giant Fiat has agreed to buy the remaining 41% of Chrysler it does not own in a move that will create the world's seventh-largest car company. Fiat has owned a majority stake in the US company since 2009. The agreement ends long…
January 2, 2014
Hyundai and Kia shares hit by sales forecast
Shares of Hyundai and affiliate Kia Motors have dipped more than 4% after the carmakers issued their weakest growth forecast in nearly a decade. Their combined sales are expected to grow by 4% to 7.86 million vehicles in 2014. The outlook is lower…
January 1, 2014
US & Japanese Stocks Soar in 2013
U. S. and Japanese stock markets posted strong gains in 2013, as investors were encouraged by central bank efforts to make it easier to buy homes, equipment and other goods by pushing down interest rates and promising to keep them there for a while.…
January 1, 2014
Barclays fined $3.75m after record-keeping failure
Barclays has been fined $3.75m (£2.28m) by a US regulator for allegedly failing to keep proper electronic records, emails and instant messages. The shortcomings occurred between 2002 and 2012, said the Financial Industry Regulatory Authority…
January 1, 2014
Firms must pay workers more as economy improves
The head of the UK's main business lobby group has said too many people are "stuck" in minimum wage jobs, despite an upturn in the UK economy. John Cridland, director general of the CBI, said businesses should deliver "better pay and more…