Analysts: Microsoft Bought Nokia Because Nokia Was Going To Stop Making Windows Phones
Last night Microsoft bought the smartphone division of Nokia for ~$7 billion.
Nokia will present the deal to is shareholders in November, and both companies expect the transaction to close in the first quarter of 2014. So, why did Microsoft do this deal?
Category: Top stories: Global
Do We Really Need More Large-Scale IMF Lending?
Do We Really Need More Large-Scale IMF Lending?
In an almost Pavlovian fashion, at the first sign of an emerging market currency crisis, Christine Lagarde, the IMF’s Managing Director, has offered IMF financial support to the countries gripped by the crisis and has questioned whether the IMF has sufficient financial resources to meet this new emerging market challenge.
Jamaica’s IMF Facility Necessary Step, but Risks Persist
Jamaica’s IMF Facility Necessary Step, but Risks Persist
Fitch Ratings-Chicago-02 May 2013: Final approval of the International Monetary Fund’s (IMF) four-year Extended Fund Facility (EFF) for Jamaica represents a necessary step in the country’s efforts to stabilize domestic confidence, manage external vulnerabilities and increase the sustainability of public finances. However, Fitch Ratings believes that implementation risks are high given the program’s demanding targets and Jamaica’s erratic record in completing previous IMF programs.
The IMF will not grow our economy for us
The IMF will not grow our economy for us
Now that Jamaica seems set to ink a new pact with the International Monetary Fund (IMF), the country needs to learn from the lessons of its 35-year relations with the Fund or risk repeating that sordid history.