Sat | Dec 15, 2018

Business

Published:Friday | December 7, 2018 | 2:59 PM

Grace Foods (USA), Inc. a company owned by GraceKennedy Limited, said it will be acquiring a 49 per cent equity stake in a new joint venture company, Majesty Foods, a Florida-based manufacturer of patty and empanada products. The range of Majesty...

Published:Friday | December 7, 2018 | 2:53 PMAP

  Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. Following two days of meetings, the Organization of the...

Published:Friday | December 7, 2018 | 12:00 AM

Bank of Jamaica, BOJ, exited the foreign exchange market this week after buying up more than US$10 million, saying it was satisfied that demand and supply could be met for the remainder of the year, in...

Published:Friday | December 7, 2018 | 12:00 AM

Jamaica's lottery company, Supreme Ventures Limited, SVL, has converted the Satro building in Georgetown, Guyana, into space for its video-gaming operation, which debuts in that market next...

Published:Friday | December 7, 2018 | 12:00 AM

Alignvest Acquisition II Corporation, the Canadian entity seeking to acquire Sagicor Financial Corporation, has negotiated initial three-year contracts with the country heads in Barbados...

Published:Friday | December 7, 2018 | 12:00 AM

Elite Diagnostic Limited is setting up a third location near Drax Hall, St Ann, that is set to open for business by next July.The medical imaging provider expects to generate business for its new branch along the...

Published:Friday | December 7, 2018 | 12:00 AM

Last week, I provided evidence of a lack of competition in the Jamaican banking sector. As one possible remedy, I praised the issuance of a commercial banking licence to Jamaican National, JN, and recommended the...

Published:Friday | December 7, 2018 | 12:00 AM

Guatemala is the largest economy in Central America. Well, no.Actually, Panama is the largest, but most Central Americans consider Panama to be in its own category. They see the region starting at the...

Published:Friday | December 7, 2018 | 12:00 AM

Tour operators and medical and dental offices in the Mexican border city of Tijuana are reporting a slowdown in business since a caravan of Central American migrants arrived.Tourists and...

Published:Friday | December 7, 2018 | 12:00 AM

China on Thursday demanded that Canada release an executive of Chinese tech giant Huawei who was arrested in a case that compounds tensions with the United States and threatens to complicate trade talks.Meng...

Published:Friday | December 7, 2018 | 12:00 AM

French President Emmanuel Macron has vowed to cut taxes and boost France's growth. A year and a half after he came into power, he is facing violent protests over rising taxes, a high cost of living...

Published:Friday | December 7, 2018 | 12:00 AM

Cuba's government has modified a series of measures unpopular with the country's private sector, including lifting restrictions on the number of business permits a person can have and the...

Published:Friday | December 7, 2018 | 12:00 AM

Banking conglomerate Scotia Group Jamaica Limited recorded a soft fourth quarter, but still closed the year with marginally higher profit of $12.8 billion.Those results were just 2.6 per cent better...

Published:Thursday | December 6, 2018 | 12:00 AM

Brazil warned Wednesday against freezing developing nations out of negotiations at the UN climate summit, suggesting this could lead to an acrimonious collapse in talks as seen in Copenhagen nine years ago. Accusations of back-room deals aren't...

Published:Wednesday | December 5, 2018 | 12:03 AM

AP: Curiosity from one the world's largest tobacco companies about the marijuana business sent shares of a Canadian cannabis company five per cent higher in early trading Tuesday.Cronos Group confirmed talks late Monday with Marlboro maker Altria about...

Published:Wednesday | December 5, 2018 | 12:00 AMAvia Collinder/ Business Reporter

The latest numbers, at first blush, appear to reflect a substantial fall-off in cruise passenger arrival numbers in the July to September quarter, but the Planning Institute of Jamaica (PIOJ) says they should really be read as a normalisation of the...

Published:Wednesday | December 5, 2018 | 12:00 AMSteven Jackson/ Senior Business Reporter

Coffee processor Salada Foods Jamaica Limited has hit its sought-after prize of $1 billion in annual revenue, a mandate given to General Manager Dianna Blake-Bennett, who assumed leadership of the company two years ago.Blake not only grew annual...

Published:Wednesday | December 5, 2018 | 12:00 AM

Argentina's president is celebrating the successful hosting of the Group of 20 summit, but he said Monday that he is ready for tough times ahead as his country confronts its economic crisis.President Mauricio Macri told The Associated Press in an...

Published:Wednesday | December 5, 2018 | 12:00 AM

The Trump administration is celebrating the 90-day truce it reached in its trade war with China as a significant breakthrough despite scant details, a hazy timetable and widespread scepticism that Beijing will yield to the United States demands...

Published:Wednesday | December 5, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Aphria Inc, a cannabis company based in Canada, is defending its purchase of regional assets, including operations in Jamaica, following claims by outside investors that the assets are largely hollow.The Jamaican operation, known as Marigold, is led...

Published:Wednesday | December 5, 2018 | 12:00 AM

Iranian President Hassan Rouhani on Tuesday repeated his threat to close the Strait of Hormuz, the passageway for nearly a third of all oil traded by sea, if the United States shuts off Iran's oil exports.State TV quoted Rouhani as saying that "if...

Published:Wednesday | December 5, 2018 | 12:00 AM

A rally in oil prices after a two-month slide indicates traders are betting that the Organisation of Petroleum Exporting Companies (OPEC) and its allies, including Russia, will agree to produce less crude.Representatives of oil-producing nations...

Published:Wednesday | December 5, 2018 | 12:00 AM

Jamaican gaming and lottery company Supreme Ventures Limited (SVL) has kicked off a phased roll-out of operations in Guyana.The new subsidiary Supreme Ventures Guyana Holdings Inc will begin the implementation of...

Published:Wednesday | December 5, 2018 | 12:00 AM

EquityLine Mortgage Investments Corporation, a Canadian mortgage company that finances projects traditionally ignored by mortgagors, will seek to raise US$10 million in a preference share offer that opens in Kingston on December 10.The start-up company...

Published:Tuesday | December 4, 2018 | 12:00 AM

British High Commissioner to Jamaica, Asif Ahmad says he is making steady progress with the trade- promotion initiatives he proposed last November that are aimed at changing the commercial profile between Jamaica and the United Kingdom."If...

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