Haiti’s Duvalier to face trial

Haiti's ex-leader Jean-Claude "Baby Doc" Duvalier had the right to return to the country but must now face justice, President Rene Preval says. Mr Preval was making his first comments on the issue since Mr Duvalier's unexpected return…

Facebook raises $1b from outside US

Facebook said Friday it has raised $1 billion from non-U.S. investors, which combined with an infusion from Goldman Sachs and Russia's Digital Sky Technologies in December, brings the haul from its latest round of funding to $1.5 billion.…

IMF gives Poland $30b flexible credit

The International Monetary Fund approved on Friday a two-year flexible credit arrangement for Poland worth $30 billion, extending credit lines granted in 2009 and 2010. The IMF board said the Polish government planned to use the line as a…

Committee to protect oil, gas inaugurated

The Ministry of Defence has constitut­ed a committee to protect the coun­try's oil and gas fields against terror­ist attacks, sabotage and environmental pol­lution. The Petroleum Security and Co-ordinating Committee (PSCC) is also mandated…

Venture Capital capitalizes to the tune of $100m

The management of the Venture Cap­ital Trust Fund (VCTF) says it is increasing its fund pool to over US$100 million in 2011 to enable it support small medium enterprise investments. To achieve that, the management said it expected to…