Mon | Dec 10, 2018

Business

Published:Friday | November 23, 2018 | 12:00 AM

Cariforum officials are expected to wrap up a two-day meeting today, Friday, on a new trade deal with the United Kingdom, one that contemplates a 'no-deal' Brexit and is based on the region's current Economic...

Published:Friday | November 23, 2018 | 12:00 AM

Group CEO of GraceKennedy Limited Don Wehby says the conglomerate has renewed an arrangement with Western Union (WU),ongoing for some five years now, through which it facilitates currency trades.It...

Published:Friday | November 23, 2018 | 12:00 AM

The Jamaican Government's extraordinary security measures has put a damper on the sale of cigarettes, given the curfew on entertainment venues in targeted zones, but market leader Carreras...

Published:Friday | November 23, 2018 | 12:00 AM

Amid plans to sell off local cocoa assets to a private investor, the Jamaican Government continues to market the beans locally and overseas amid challenges to the crop.Jamaica has been...

Published:Friday | November 23, 2018 | 12:00 AM

Caribbean Producers Jamaica (CPJ) has pulled the plug on the vendor that built its new IT platform, which failed at implementation, costing...

Published:Friday | November 23, 2018 | 12:00 AM

With a change in business model, from music publisher to venture capital financier, and its first earnings report distributed to the market, SSL Venture Capital Jamaica is looking to...

Published:Friday | November 23, 2018 | 12:00 AM

After galloping along for the past two years, the global economy is showing signs of weakening, with the United States, China and Europe all facing the rising threat of a slowdown.Few economists...

Published:Friday | November 23, 2018 | 12:00 AM

Toys R Us and Bon-Ton may be gone but they have not been forgotten.Companies like Target and online mattress company Casper are creating playbooks to...

Published:Friday | November 23, 2018 | 12:00 AM

Nissan Motor Company fired Carlos Ghosn as chairman Thursday, curtailing the powerful executive's nearly two-decade-long reign at the Japanese automaker after his arrest for alleged...

Published:Friday | November 23, 2018 | 12:00 AM

The Noble Group will move its stake in Jamalco along with other non-core assets, to a new subsidiary as part of a restructuring plan to turn around the loss-making company.The group will operate two...

Published:Friday | November 23, 2018 | 12:00 AM

A nearly silent, drone-sized aircraft has shown it can fly, thanks to a scientist who was inspired by watching Star Trek as a child.With neither propellers nor jets, the airplane gets its thrust by...

Published:Friday | November 23, 2018 | 12:00 AM

More than a year ago, the Bank of Jamaica, BOJ, reported that the Government's crowding the private sector out of the capital markets was at an end, but the International Monetary Fund, IMF, is now...

Published:Friday | November 23, 2018 | 12:00 AM

A eurozone bailout fund has approved the implementation of a major debt relief plan for Greece that it says would provide the crisis-scarred country significant savings over several...

Published:Thursday | November 22, 2018 | 4:34 PM

  JAMAICA: In Thursday 's trading session the following reflect the movement of the JSE Indices: The JSE Combined Index advanced by 3,447.46 points (0.95 %) to close at 367,798.86. The JSE Index advanced by 3,523.47 points (0...

Published:Thursday | November 22, 2018 | 12:13 AM

While the fall in oil prices does not yet match the 2014-2016 slump to US$26 per barrel, the current decline should soon make itself felt through the global economy.The international crude benchmark, Brent, has fallen under US$65 per barrel from a...

Published:Wednesday | November 21, 2018 | 2:41 PM

  JAMAICA: In Wednesday's trading session the following reflect the movement of the JSE Indices: The JSE Combined Index declined by 4,022.05 points (1.09 %) to close at 364,351.40. The JSE Index declined by 4,672.58 points (1...

Published:Wednesday | November 21, 2018 | 12:00 AMNeville Graham/ Business Reporter

Muse360, a creative company founded by Andre Burnett, is carving out a different type of operation under which the agency operates as a financial backer of creative talents who become its business partners.It wants to make the sector 'investible' in...

Published:Wednesday | November 21, 2018 | 12:00 AMAvia Collinder/ Business Reporter

International remittance company MoneyGram has been fined in its home market for failing to crack down sufficiently on fraudulent money transfers within its global network, but Jamaican agent Lasco Financial Services Limited says there is no...

Published:Wednesday | November 21, 2018 | 12:00 AMAvia Collinder/ Business Reporter

Dominican Republic is challenging the jurisdiction of an arbitration panel to hear the dispute with regional investor Michael Lee-Chin, who has accused the government of "unlawful expropriation of multimillion-dollar investments" in that country.On...

Published:Wednesday | November 21, 2018 | 12:00 AMAvia Collinder/ Business Reporter

The Council for Trade and Economic Development (COTED), has suspended the common external tariff on petroleum products imported from outside the region by CARICOM member states, for a period of one year, effective November 16.The decision, taken at...

Published:Wednesday | November 21, 2018 | 12:00 AMAvia Collinder/Business Reporter

The long-anticipated move by the Government of Jamaica to shift some of its payments to a mobile money platform made headway this week with the invitation for expressions of interest for payment portals for the Programme of Advancement Through...

Published:Wednesday | November 21, 2018 | 12:00 AM

Business BriefsBig savings for Red Stripe from LNG conversionDesnoes...

Published:Wednesday | November 21, 2018 | 12:00 AM

One of France's largest banks, Societe Generale, has agreed to pay US$1.3 billion in penalties for violating United States trade sanctions on Cuba, authorities announced Monday.US Attorney Geoffrey S. Berman in New York said it was the second-...

Published:Wednesday | November 21, 2018 | 12:00 AM

American prosecutors unsealed an indictment on Monday against a Venezuelan media tycoon close to President Nicol·s Maduro's government, accusing him of paying US$159 million in bribes to top officials in exchange for lucrative foreign-currency deals...

Published:Wednesday | November 21, 2018 | 12:00 AM

Brazil's President-elect Jair Bolsonaro named pro-market reformer Roberto Castello Branco, as future chief executive of the country's state-controlled oil company, Petrobras, on Monday.Castello Branco, a former member of Petrobras' board, has...

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