Digicel Limited plans to raise US$250 million (J$21b) from a private placement of an eight-year bond.The proceeds will fund potential acquisitions, future capital expenditure and debt servicing.Digicel did not say when the placement of the senior notes...

Fitch Ratings agency on Monday affirmed Jamaica's ratings as stable at 'B-', but said crime and high energy costs continue to hurt the island's growth prospects.The agency hinted that a worsening fiscal deficit and debt-to-output under the new PNP...

Unicomer Jamaica, operators of the Courts furniture chain, has transferred the operations of the Constant Spring Road store temporarily to Washington Boulevard to facilitate its expansion. The chain's distribution centre is also to be expanded...

Anglo-Swiss mining group Xstrata PLC announced plans Tuesday to merge with commodities trading giant Glencore International PLC in a deal that will create the world's fourth-largest natural-resources group.The combined company, to be called Glencore...

Coca-Cola reported an effervescent fourth quarter on Tuesday, as the company sold more of its drinks globally and its earnings beat analyst expectations.Coca-Cola is benefiting from raising prices in North America, where consumer sentiment is slowly...

Oil prices rose nearly two per cent on Tuesday after Iran again threatened to cut off supplies to Europe.Benchmark US crude rose by US$1.56 to US$98.47 per barrel in New York afternoon trading.Brent crude...