BOJ bullish on economy

The central bank on Thursday remained upbeat that the Jamaican economy is on the route to recovery, saying that it could even record growth of one per cent this fiscal year.

LIME announces new cable link

Starting this year, LIME will be pouring up to US$100 million (J$8.6 billion) into capital projects in Jamaica, more than a third of which will fund a new submarine cable.The telecommunications group will also be spending US$500...

Rates will drop as portfolios change, banker says

Faced with calls for a faster reduction in the interest rates they charge their customers, Jamaican banking-sector spokespersons claim that these are being lowered as quickly as...

Farmers, milk processors bicker over price

John Sherman operates a nice spread at Spring Hill, St Elizabeth, on which he grazes 45 head of dairy cattle, whose milk he sells to the Jamaican subsidiary of the multinational...

Jamaica beyond the JDX

The success of the Jamaica Debt Exchange (JDX) and the subsequent reduction in interest rates have opened new avenues for investment and value creation in Jamaica.

In sign of strength, GM posts US$1.3b profit

General Motors Company said Thursday it made US$1.33 billion in the second quarter, a sign it's getting healthier as it prepares to sell stock to the public.

Skype files for IPO

Skype SA, the Internet calling service that was controlled until last year by eBay Inc, filed in the United States Monday for an initial public offering (IPO).Luxembourg-based Skype tentatively put the value of the offering at US$100 million, but that's...

GM CEO steps down

General Motors Company chief Ed Whitacre said Thursday he's stepping down as CEO on September 1, his mission accomplished as the company reported its second straight quarterly profit.Whitacre, 68, will be replaced by GM board member Daniel Akerson.

Airport lockdown looms

Workers at airport operator BAA have voted in favour of strike action that could close Britain's major airports this month.Releasing details of the ballot on Thursday, the Unite union said that it will decide on Monday what action it will take to allow...

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