December 11, 2013
Ukraine PM Requests $27 Billion in Aid for EU Deal
Security forces are pulling back from crowds of protesters around a central square in Ukraine's capital after a night of clashes between police and pro-European Union demonstrators. Scuffles between the two groups took place early Wednesday in…
December 7, 2013
WTO agrees global trade deal worth $1tn
Ministers from 159 countries have reached a deal intended to boost global trade at a meeting in Bali, Indonesia. The World Trade Organization's first comprehensive agreement involves an effort to simplify the procedures for doing business across…
December 7, 2013
Russia-Ukraine ‘closer on gas price’ after Sochi talks
Russia says differences with Ukraine on reducing the price of Russian gas have been narrowed after talks in the Black Sea resort of Sochi. Russian presidential spokesman Dmitry Peskov said the talks would continue at a later date. Ukraine's…
December 6, 2013
Jaguar, Land Rover confirms Brazil car factory plans
Jaguar Land Rover has confirmed plans to build a car plant in Brazil capable of producing 24,000 vehicles a year. The UK car company had been in talks about the project with authorities in Rio de Janeiro for months. JLR, the luxury car unit of…
December 6, 2013
Ex-Goldman Sachs trader ordered to repay firm $118m
An ex-Goldman Sachs trader has been sentenced to nine months in prison and ordered to repay $188m ( £115m) over a botched 2007 trade. The US Department of Justice (DOJ) accused Matthew Taylor of deliberately hiding an unauthorized $8.3bn trade from…
December 6, 2013
Dominica wants Europe to lift visa requirement to stimulate trade
Dominica says it is pursuing efforts to get the European Union to remove the visa requirements for nationals travelling to Europe, saying that it was important to stimulate trade under the Economic Partnership Agreement (EPA) signed with Europe five…
December 6, 2013
Samsung and Philips among tech firms raided by EU
Samsung and Philips have revealed that they were among several consumer electronics companies raided recently by European Commission inspectors. Thursday's raid focused on companies making and selling consumer electronics products and small domestic…
November 25, 2013
Oil prices fall after Iran agrees nuclear deal
Oil prices have fallen after Iran agreed a deal to curb some of its nuclear activities in return for an easing of international sanctions. Iran holds the world's fourth-largest oil reserves, but its exports have been hurt by the tough sanctions…
November 25, 2013
Barbados’ credit rating cut by S&P
Barbados’ credit rating has been cut by Standard & Poors Ratings Services (S&P). Stating that the Caribbean nation has gone back into recession, S&P changed the island’s rating to ‘BB-’ from ‘BB+’, but S&P affirmed the country’s…
November 25, 2013
Swiss vote no to capping bosses’ pay
Swiss voters have rejected a proposal that would have limited executive pay to 12 times that of the lowest paid. The referendum saw 65.3% vote against the plan with 34.7% in favour. The country is home to a range of giant businesses, including…