Fri | Jan 20, 2017

Business

Published:Friday | January 20, 2017 | 12:00 AM

A few days into the new year, St Lucia's Prime Minister, Allen Chastanet, suggested that all five of the Eastern Caribbean nations that sell Citizenship by Investment...

Published:Friday | January 20, 2017 | 12:00 AM

Ice cream sales at Caribbean Cream Limited, which trades as Kremi, are still growing strongly, aided by new products and distribution, but profits declined in the third quarter...

Published:Friday | January 20, 2017 | 12:00 AMNeville Graham

Private equity investment company Portland JSX Limited reported a net loss of nearly US$700,000 in the third quarter, as expenses outpaced income.The loss wiped out gains in...

Published:Friday | January 20, 2017 | 12:00 AM

CAC 2000 fighting interest chargesin X-Ray...

Published:Friday | January 20, 2017 | 12:00 AM

Main Event Entertainment Group has priced its initial public offering (IPO) at $2 per share to raise $120 million via the junior stock market.The offer opens on January 24 and closes on February 7.The company is floating...

Published:Friday | January 20, 2017 | 12:00 AMTameka Gordon

Local meat processors are gearing up for exports to Barbados, where recent reports have highlighted a shortage of pig feed and ongoing shortfalls of pork going back two to three...

Published:Friday | January 20, 2017 | 12:00 AM

The committee representing holders of Belize's 2038 external bond have knocked the initial proposal for restructuring the debt, saying it was premature and would cut the value of the bonds by around...

Published:Friday | January 20, 2017 | 12:00 AM

At one time, paying at the gate meant flashing your cash. But it also held risks to personal security from pickpockets.Now, in the era of plastic, credit and debit cards are welcome, but it brings another set of...

Published:Friday | January 20, 2017 | 12:00 AMSteven Jackson

Finance minister Audley Shaw says that Jamaica will save about US$100 million ($12 billion) from revamping the first phase of the...

Published:Friday | January 20, 2017 | 12:00 AM

In 1993, Douglas North of Washington University won the Nobel Prize in Economics for his work on institutions.His research criticised classical economics for not focusing on the role that...

Published:Friday | January 20, 2017 | 12:00 AM

China is preparing to retaliate if United States President-elect Donald Trump raises duties on Chinese goods and already has toughened its stance, an American business group said on Wednesday.Trump...

Published:Friday | January 20, 2017 | 12:00 AM

A Seoul court denied a request to arrest Samsung Electronics Vice Chairman Lee Jae-yong, a setback to prosecutors investigating an influence-peddling scandal that toppled South Korea's president....

Published:Friday | January 20, 2017 | 12:00 AM

Few people are more eager for Donald Trump's arrival in the White House than those who do business in Russia.Hacking scandals? They expect that to blow over. Conflict in Ukraine? An artificial...

Published:Friday | January 20, 2017 | 12:00 AM

Average 30-year US mortgage rate falls to 4.09%Long-term US mortgage rates marked their third week of declines this week, after snapping a nine-week run of increases.Mortgage buyer Freddie Mac said on Thursday the rate on 30-year fixed-rate loans...

Published:Friday | January 20, 2017 | 12:00 AMSteven Jackson

Hinduja Global Solutions Limited (HGS) is hiring 500 more staff, which will double its workforce for a call centre in Kingston.It plans to take on the new hires by...

Published:Friday | January 20, 2017 | 12:00 AM

JPMorgan Chase will pay US$55 million to settle federal charges that independent brokers working for the bank discriminated against minorities seeking home mortgages during the housing crisis.While the...

Published:Friday | January 20, 2017 | 12:00 AM

EU lawmakers reject 'limited' money-laundering blacklistEuropean Union lawmakers have rejected a proposed blacklist of countries at risk of money laundering and terror financing because it is too limited.The EU's executive Commission has put...

Published:Thursday | January 19, 2017 | 11:03 PM

KPREIT buys warehouse complexSteven JacksonSenior Business ReporterKingston Properties Limited (KPREIT) disclosed the acquisition of another property, this time in Jamaica, and its second purchase for this month.The real estate investment trust said...

Published:Thursday | January 19, 2017 | 11:02 PM

Women dominate JMMB client baseTameka GordonBusiness ReporterJMMB Group has launched a suite of products designed especially for women in response to a trend observed over the years where a greater number of its clients are female.Its client base is...

Published:Thursday | January 19, 2017 | 4:18 PM-AP

Steven Mnuchin, President-elect Donald Trump's pick as Treasury secretary, clashed with Democrats during a lengthy confirmation hearing Thursday over his handling of thousands of mortgage foreclosures and his failure to initially disclose to...

Published:Thursday | January 19, 2017 | 3:56 PM-AP

US safety regulators will end an investigation into a fatal crash involving electric car maker Tesla Motors' Autopilot system without seeking a recall, a person briefed on the matter said Thursday. The National Highway Traffic Safety...

Published:Thursday | January 19, 2017 | 3:39 PM

Federal consumer finance regulators are suing TCF Financial Corp., alleging that the bank deceived consumers so it could charge them exorbitant overdraft fees. The Consumer Financial Protection Bureau lawsuit says that TCF sought to trick consumers...

Published:Thursday | January 19, 2017 | 12:00 AM

The first direct freight train service from China to Britain arrived in London on Wednesday, another leg in Beijing's plans for closer trade ties with Europe along a modern-day Silk Road.The 18-day trip saw dozens of containers packed mainly with...

Published:Wednesday | January 18, 2017 | 5:05 PM

The ex-refinery price of gasoline goes down by 54 cents, while automotive diesel oil will shed 17 cents at the pumps tomorrow. In a release, Petrojam said 87 gasoline will sell for approximately $96.16, the price of 90 gasoline $97.82, while...

Published:Wednesday | January 18, 2017 | 3:26 PM

The Barbados government says it has not made any approach to the International Monetary Fund (IMF) for assistance in turning around the island’s economy. Finance Minister Chris Sinckler, speaking on the Bank’s Tax on Assets 2017 Bill...

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