August 19, 2013
Telecoms company Cable & Wireless to quit UK after 140 years
Cable & Wireless Communications, the last remnant of a telecoms empire that once employed 54,000 people around the world, is to leave the UK. After 140 years as a British company, CWC is relocating its headquarters from Holborn in central…
August 13, 2013
LIAT signs US$65m loan agreement
The shareholder governments of the regional airline, LIAT, yesterday signed a US$65 million loan agreement with the Barbados-based Caribbean Development BanK (CDB) as the cash-strapped airline seeks to upgrade its ageing fleet. The loan represents…
August 13, 2013
Is there a new iPhone coming this fall?
In a day of whiplash-inducing reports about Apple’s health and future, the most tantalizing tidbit to emerge from the blogosphere was a simple date: Tuesday, Sept. 10, 2013. That, according to a report in AllThingsD attributed only to “sources,” is…
August 13, 2013
Miners, deal news catch investors’ attention on an otherwise quiet day on Wall Street
Corporate deal stories and technology stocks were bright spots on Wall Street Monday on a day when the indexes ended relatively flat. BlackBerry jumped after the struggling smartphone maker said it would consider a sale. Dole Foods rose after its…
August 13, 2013
BP sues US govt over decision to bar company from new contracts after 2010 Gulf oil spill
BP is suing the U.S. government over a decision to bar the oil giant from getting new federal contracts to supply fuel and other services after the company pleaded guilty to manslaughter and other criminal charges related to the 2010 Gulf of Mexico…
August 13, 2013
Cayman Islands Government to stop Dart 50% tax
The new Cayman Islands PPM government says it is standing firm over its objection to the former UDP government’s decision to allow the Dart group to take half of the tax it collects in all its hotels and tourism accommodation over the next decade as…
August 5, 2013
BP denies US allegations of fixing natural gas market
US regulators have told BP to respond to allegations of natural gas market manipulation and threatened the firm with fines of close to $29m (£19m). BP has 30 days to respond, but said the allegations were "without merit". The Federal Energy…
August 5, 2013
HSBC mulls banker pay rises to combat bonus cap rules
HSBC is considering raising its bankers salaries in a bid to limit the impact of new rules which will cap bonuses at a maximum of double their salary. Chairman Douglas Flint said increasing salaries was "one of the possibilities" of a "whole range…
August 5, 2013
South Korean concern as US overturns Apple iPhone ban
The South Korean government has said it is concerned about the US's move to overrule a sales ban of some older Apple and iPad models. In June, the US International Trade Commission (ITC) ruled that Apple infringed a patent of rival Samsung.…
August 5, 2013
China services sector growth steadies in July
China's services sector expanded slightly in July, an HSBC survey showed, indicating that growth in the sector had steadied. The HSBC non-manufacturing Purchasing Managers' Index (PMI) stood at 51.3, unchanged from June. A reading above 50 indicates…