Thu | Nov 15, 2018

Business

Published:Sunday | November 4, 2018 | 12:00 AM

The leaders of Russia and Cuba vowed Friday to expand what they called their "strategic" ties and urged the United States to lift its blockade of Cuba.In a joint statement issued after their talks, Russian President Vladimir Putin and Cuban...

Published:Friday | November 2, 2018 | 12:10 AM

Azure skies can suddenly turn into heavy rains, and back again into pastel blues, in the tropical environs of Costa Rica.Just as the weather can reverse in a moment's notice, the economic mood is also prone to manic...

Published:Friday | November 2, 2018 | 12:00 AM

The Government of Jamaica is recruiting a consultant to pick assets held by the Urban Development Corporation, UDC, for transfer to a special holding company.That special purpose vehicle would then be listed on...

Published:Friday | November 2, 2018 | 12:00 AM

The Supreme Court has ordered the discharge and indemnity of trustees of the defunct Air Jamaica Pension Fund, once all remaining accumulated funds held in trust is paid over to the court.Those funds...

Published:Friday | November 2, 2018 | 12:00 AM

The central bank took the unusual step on Monday to cancel a repo auction for which it got three bids for the $500 million on offer.It's not the first time that the weekly auction has been stayed, but the...

Published:Friday | November 2, 2018 | 12:00 AM

The evolution of teamaker Shavuot InternationalThe older son had big dreams but no money. The father had retired with a good pension and decades of experience in manufacturing.The combination gave rise to...

Published:Friday | November 2, 2018 | 12:00 AM

The rankings for business friendliness this year were mixed for Jamaica, prompting the head of the state agency charged with positioning the country for international...

Published:Friday | November 2, 2018 | 12:00 AM

Turkey embarked on a search for oil and gas in the east Mediterranean on Wednesday in a move that could stoke regional tensions, with the country warning it would thwart "unilateral,...

Published:Friday | November 2, 2018 | 12:00 AM

The name of the store is High North, but it might as well be named high and dry because for all but about four hours of the first two weeks since marijuana was legalised in Canada, there was none to sell.Trevor Tobin,...

Published:Friday | November 2, 2018 | 12:00 AM

The former finance chief of Venezuela's state oil company pleaded guilty on Wednesday to participating in an alleged US$1.2-billion embezzlement scheme, a major breakthrough for US prosecutors...

Published:Friday | November 2, 2018 | 12:00 AM

First, Dunkin' dropped the 'donuts' from its name. Now it's adding espresso drinks to its menu.Dunkin' says customers will be able to buy lattes, cappuccinos and other espresso-based hot and...

Published:Friday | November 2, 2018 | 12:00 AM

Kingston Properties Limited, new owners of the old Caldon building in New Kingston, has scheduled a renovation programme that will be executed floor by floor, starting this month.On Wednesday, the...

Published:Friday | November 2, 2018 | 12:00 AM

FosRich Company Limited, which trades in lighting and energy products, will be setting up a production base to grow its slice of a market it estimates to be worth at least $20 billion.The company...

Published:Thursday | November 1, 2018 | 11:14 AMAP

  Diplomats representing more than 135 countries spoke against the American economic embargo of Cuba ahead of votes Thursday on a United Nations resolution condemning the policy and proposed US amendments criticising the lack of freedom of...

Published:Thursday | November 1, 2018 | 12:00 AM

As General Motors report-ed a healthy US$2.5 billion third-quarter profit, the Detroit automaker ramped up its cost-cutting efforts by offering buyouts to 18,000 white-collar workers.The company, while acknowledging it's in good shape now, said...

Published:Wednesday | October 31, 2018 | 12:00 AMNeville Graham/ Business Reporter

Meat processor Sweet River Abattoir & Supplies has seen its capital base erode as losses mount at the company...

Published:Wednesday | October 31, 2018 | 12:00 AM

President-elect Jair Bolsonaro signalled Monday his administration would make tackling Brazil's budget-crushing pension system a top priority, doubling down on a campaign promise that made him the choice of the business community despite frequently...

Published:Wednesday | October 31, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Gary Matalon, CEO of the KLE Group, which operates the Tracks & Records restaurants co-branded with partner Usain Bolt, is more upbeat about the franchise, based on better than expected sales at the first foreign casual diner now operating in London...

Published:Wednesday | October 31, 2018 | 12:00 AM

Apple's new iPads will more closely resemble its latest iPhones as they ditch a home button and fingerprint sensor to make more room for the screen.As with the latest iPhone models - the XR and XS - the new iPad Pro will use facial-recognition...

Published:Wednesday | October 31, 2018 | 12:00 AM

Strong sales of 'premium' water and sugar-free sodas powered third-quarter earnings for Coca-Cola Company.Coke President and CEO James Quincey said enhanced waters like the smartwater, vitaminwater and Topo Chico brands helping turn around a slump...

Published:Wednesday | October 31, 2018 | 12:00 AM

Britain's Treasury chief unveiled Monday a new tax on big Internet companies' revenues, insisting it is time that the global tech giants with profitable business in the United Kingdom pay their fair share for public services.Philip Hammond made the...

Published:Wednesday | October 31, 2018 | 12:00 AM

Cement sales climbed at Caribbean Cement Company Limited but finance costs linked to debt owed to its ultimate parent as well as volatile currency movements led the Rockfort, Kingston-based to post lower profits.Quarterly sales at $4.5 billion grew...

Published:Wednesday | October 31, 2018 | 12:00 AM

Telecom provider Cable & Wireless Jamaica, C&WJ, is making headway on its plans to reorganise the company under a new scheme of arrangement that it previously indicated was part of the plan to take the company private...

Published:Tuesday | October 30, 2018 | 5:24 PMHuntley Medley/Senior Business Writer

  Sagicor Investment Jamaica will be rolling out three new US dollar denominated fixed income global funds as part of its Sigma suite of unit trust products. The investment house is marketing the new funds as a hedge against depreciation of...

Published:Tuesday | October 30, 2018 | 12:00 AM

Voters in Mexico have rejected completion of a partly built new airport for Mexico City, opposing it by a 70 to 29 per cent margin.President-elect Andres Manuel Lopez Obrador said Monday that he will respect the referendum, effectively ending the US...

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