December 20, 2013
Blackberry and Foxconn agree a five-year deal
Struggling smartphone maker Blackberry has agreed a five-year deal with Foxconn, the big Taiwan-based maker of electronic products and components. The two companies will initially work on the development of a new smartphone. Blackberry also…
December 20, 2013
France takes Bermuda off tax blacklist
France has removed Bermuda from its tax blacklist, Finance Minister Bob Richards said today. The move came after high-level talks between French officials and Finance Ministry staff. Mr Richards said: “I was impressed by the goodwill shown by…
December 20, 2013
Trade between the DR & Haiti: US$1.1B formal; US$900.0M informal
Dominican Republic’s and trade with Haiti of around US$2.0 billion per year is split nearly evenly at US$1.1 billion formal and US$900.0 million informal, Industry and Commerce minister Jose del Castillo revealed Thursday. Speaking at a luncheon…
December 20, 2013
BAE shares fall on setbacks over Middle East fighter jet sales
Shares in BAE Systems fell 4.5% after the UK's biggest manufacturer suffered setbacks over fighter jet sales in the Middle East. News that a deal to sell 60 Eurofighter Typhoon jets to the United Arab Emirates had collapsed were compounded by fears…
December 20, 2013
Rupert Murdoch’s media company NewsCorp has bought Irish “social for $25 million (£15.3m).
Rupert Murdoch's media company NewsCorp has bought Storyful, an Irish "social media news agency". The Dublin-based firm has been acquired for $25 million (£15.3m). Storyful specialises in licensing and distributing social media content to major…
December 12, 2013
Barcelona FC signs deal with Intel for shirt logos
Spanish football giant Barcelona has signed a deal with Intel to allow the chipmaker's logo to appear on the inside of players' shirts. The Intel logo would be revealed when players lift their shirts to celebrate scoring a goal, Barcelona officials…
December 12, 2013
Canadian-based company to invest US$238 million in Guyana’s mining sector
The Canada-based Guyana Goldfields says it is investing US$238 million in the Aurora Gold Project as the government said it was looking forward to large scale gold production by the company during the first quarter of 2015. Prime Minister Samuel…
December 12, 2013
Mexico’s Congress approves measure to open oil resources
Mexico's Congress has approved a measure to open the state-run oil fields to foreign investment for the first time in 75 years, following a vote by the Senate earlier this week. The programme would let private firms explore and extract oil and gas…
December 12, 2013
Japan’s Cabinet Approves $53 Billion Stimulus
Japan's Cabinet has approved a $53 billion stimulus package to help offset the effects of an upcoming national sales tax hike. The stimulus spending measure passed Thursday is part of a supplementary budget for Japan's current fiscal year. The…
December 12, 2013
Iceland jails former Kaupthing bank bosses
Four former bosses from the Icelandic bank Kaupthing have been sentenced to between three and five years in prison. They are the former chief executive, the chairman of the board, one of the majority owners and the chief executive of the Luxembourg…