|August a good month for the stock market ... Hunt now on for bargains
Analysts who watched the main Jamaica Stock Exchange index decline by nearly 20 per cent for the year to August, are cautiously optimistic about a moderate upswing in the market for the last quarter of 2006, but remain selective about stocks.
BoJ exerts downward pressure on rates
The Bank of Jamaica (BoJ) has cut 30 basis points off all its open-market instruments as policymakers continue their downward pressure on interest rates.
Digicel drops Colombia bid
Digicel Group pulled out of the bid for a controlling stake in Colombia Movil on Thursday, leaving Luxemburg-based Millicom to grab controlling stake in the South American debt-ridden mobile firm for US$478.5 million.
Mortgages jump at NHT
National Housing Trust (NHT), a state provider of low-cost housing, has processed over 2,000 mortgages in three months, which Sunday Business calculations indicate, topped $6 billion.
'Overvalued' UK housing market to cool by 2007
A revival in the British housing market is set to cool off later this year and into the next, with rising interest rates and overvalued property preventing further big price rises, a Reuters poll showed on Thursday.
The business of tourism
By 2014, close to three million, or 17.1 per cent of the Caribbean's workforce will be employed in the tourism sector. By then, the industry will have become the most important in all but four nations ...