Rescue plan for food exporters - 160 companies in breach of FSMA

Jamaica estimates that a majority four-fifths of food processors are likely to fail new export tests to be imposed by the United States in less than four months, and has mounted a rescue plan backed by cheap money ...

CB shelves chicken-waste idea

Caribbean Broilers has shelved its plans to dispose of unused chicken parts by incorporating it in ingredients for the manufacture of poultry feed, in a swift reaction to public response decrying ...

Seprod to supply pregnant cows, sheep

Seprod Limited, having strengthened its livestock division, is getting into the business of supplying sheep for butchering and impregnating heifers for sale.At 5,000 head of cattle, Seprod says it has more than enough heifers to maintain its dairy...

CL bondholders await word on Primera sale proceeds

JCSD Trustee Services is awaiting notification on whether the sale of a Trinidad-based oil and gas subsidiary within the CL Financial Group last month would result in the payment of local bondholders.Touchstone Exploration of Canada announced on July 11...

Claro expects Sept decision on Digicel deal

Mobile operator America Movil, which owns the Claro brand, says it expects its deal with Digicel Group to close by the end of September.The Mexican company in March agreed to buy 100 per cent of Digicel's operations in Honduras and El Salvador...

Caribbean stock market weekly report

Despite a strong performance on the Junior markets, Caribbean stocks ended the week of August 29 to September 2 lower, on the back of losses in the insurance and investments, conglomerate and tourism and real estate sectors.For the week, 27,669,102...

Investing Principles

Listen to your gutAny valuation model you may create for a company is only as good as the assumptions about the future that are put into it...

Trinidad amends curfew

Authorities in Trinidad and Tobago have extended a state of emergency by three months, citing continued security concerns since the measure was first imposed last month to dismantle gangs and decrease crime.

Brazil cuts rates to 12%

A surprise lowering of Brazil's benchmark interest rate has analysts expecting more cuts in the future.

Sunoco to sell refineries

Sunoco Inc said Tuesday it's getting out of the refining business.

Swiss Bank sets limit on franc's strength

In what experts called a last-ditch 'nuclear option', the Swiss National Bank (SNB) set a ceiling Tuesday on the value of its currency, which has skyrocketed this year as traders worldwide frantically searched for a safe haven in volatile times.Aiming...

Netflix unveils LatAm, Caribbean movie-streaming service

Netflix launched its movie and TV streaming service in Brazil on Monday, the beachhead for a push into Latin America that is seen as key to the company's continued growth after recent setbacks in the United States (US).

Starbucks plans to triple its China coffee shops

Starbucks Corp, the world's largest coffee retailer, plans to triple its coffee shops in China during the next four years and step up expansion elsewhere in Asia, an executive said Tuesday.

Private equity firm Carlyle going public

Carlyle Group is planning to raise US$100 million through an initial public offering.

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