Drink manufacturer and distributor Red Stripe Jamaica has seen profits plummet 84 per cent in the fourth quarter to June this year on the back of a marginal drop in sales, the latest in a performance slide which the company has been bracing for some two...

In 1953, the first three barrels of Blue Mountain coffee were shipped to Japan, and so began a long relationship which led to nearly 100 per cent, or approximately 400,000 boxes, of Jamaica's premium coffee being exported to the Asian country annually.

Island Entertainment Brands (IEB), which operates the Margaritaville franchise in Jamaica and the Caribbean, says it is investing upwards of US$2 million - with the backing of PanCaribbean...

A senior official of a Korean investment company promising to pump billions of dollars into selected government projects says there is nothing sinister about the decision to invest in Grenada, a country ...

Burger King Holdings Inc is selling itself to private equity firm 3G Capital in a deal valued at US$3.26 billion.

Scotia DBG Investments Limited is reporting that its regional bond fund has already surpassed its one-year subscription targets by more than 50 per cent, and has more than 1,000 investors on board.

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) said Tuesday it will make a US$4-million payment to the Anguilla government following the passage of Hurricane Earl through the northern Leeward Islands on Monday....

The Gleaner, through Jamaica's Access to Infor-mation Act, unearthed emails revealing previously 'secret' communication between Solicitor General Douglas Leys and Manatt, Phelps & Phillips in the matter...

No GOJ subsidy in August - We refer to the headline and sections of the article 'Needy GOJ sinks BOJ deeper into the red' on Page 2 of the Financial Gleaner of Friday, August 27, 2010...

An oil rig exploded and caught fire Thursday off the Louisiana coast, spreading a mile-long (1.6 kilometre-long) oil sheen in the Gulf of Mexico west of the site of BP's massive spill.All 13 crew members were rescued.Coast Guard Petty Officer Bill...

Dr Raymond Wright, special projects manager of the Petroleum Corporation of Jamaica (PCJ), is backing a statement by Sagres Energy that the seismic structure identified in Jamaican water by its subsidiary Rainville Energy was significant and "could...

The Bahamas government says it will not consider new oil exploration or drilling applications for the vast archipelago's waters until a "very stringent" environmental framework is put in place. The environment ministry will also review existing licences...