January 13, 2014
Volkswagen plans $7bn North America investment
German carmaker Volkswagen has said it will invest $7bn (£4bn) in North America over the next five years as it looks to boost its sales in the region. The firm will also launch a new sports utility vehicle (SUV) in the US - one of its biggest…
January 13, 2014
BP loses bid over Gulf oil payouts
BP has lost an appeal to cancel the terms of its multi-billion-dollar settlement with businesses over the 2010 Gulf of Mexico oil spill disaster. A US federal appeals court on Saturday upheld the terms of the original 2012 settlement. The UK oil…
January 8, 2014
IMF to raise its global growth forecast
The International Monetary Fund will raise its forecast for global growth according to its managing director, Christine Lagarde. She said the revision would come in the next three weeks but did not elaborate, saying that it would be premature to…
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…