Tue | Mar 31, 2020

Business

Published:Friday | March 6, 2020 | 12:26 AMHuntley Medley - Senior Business Writer

T echnology company Zed Jamaica, in business since 2003, is now branded as Zed-Makeyla, following its merger with a Canadian affiliate. Zed Jamaica has for the past 12 years been a dealer in Jamaica for the Renweb student information system,...

Published:Friday | March 6, 2020 | 12:24 AMKarena Bennett - Business Reporter

GraceKennedy wants to double the network for its Western Union money transfer service by year end, through a mix of acquisitions and expansion. Western Union falls under the conglomerate’s GK Money Services umbrella, which also includes FX Trader...

Published:Friday | March 6, 2020 | 12:20 AM

A nd back down goes the US stock market. The S...

Published:Friday | March 6, 2020 | 12:19 AM

The oil-producing countries of the OPEC cartel are calling for a deep production cut of 1.5 million barrels per day to support prices that are sagging due to the spread of the coronavirus. The proposal, however, assumes that non-member allies like...

Published:Friday | March 6, 2020 | 12:19 AM

P rivate equity firm Proven Investments Limited’s additional public offering of shares, or APO, will hit the market on March 11. The company wants to raise at least US$50 million from investors, but its prospectus, released this week, indicates it...

Published:Friday | March 6, 2020 | 12:19 AM

OP-ED CONTRIBUTION: EMERGING MARKET ADVISER The recent sell-off in Ecuadorean bonds has been the most notable collateral damage produced by the Argentine debacle. Having missed the post-PASO collapse, the credit rating agencies tried to make up...

Published:Friday | March 6, 2020 | 12:18 AMKarena Bennett - Business Reporter

Just as reports are indicating that China, the epicentre of the coronavirus, is seeing improvements in cases, the United States, which is Jamaica’s largest trading partner, is reporting rising fatalities and the possibility of more cases. But two...

Published:Friday | March 6, 2020 | 12:17 AM

G eneral Motors, GM, trying to refashion itself as a futuristic company with technology to compete against Tesla, rolled out plans Wednesday for 13 new electric vehicles during the next five years. The company touted an exclusive new battery...

Published:Friday | March 6, 2020 | 12:17 AM

New Fortress Energy, the sole supplier of natural gas to Jamaica, made operating profit of US$1.3 million in the quarter ending December, hitting break-even on its operations for the first time. The American company still made a net loss in the...

Published:Thursday | March 5, 2020 | 5:04 PM

The Jamaica Stock Exchange (JSE) Combined Index plunged on Thursday with an advance/decline ratio of 19/57. The index sank by 21,152.18 points or 4.67 per cent to close at 432,210.62. The JSE Main Market Index lost 21,798.25points or 4.73 per cent...

Published:Thursday | March 5, 2020 | 12:29 AM

The US Federal Reserve’s latest nationwide survey of business conditions has found that the coronavirus outbreak has begun to impact tourism and disrupt manufacturing chains in parts of the United States. The survey compiled by the Fed’s 12...

Published:Wednesday | March 4, 2020 | 4:40 PM

The Jamaica Stock Exchange (JSE) Combined Index continued to decline on Wednesday with an advance/decline ratio of 17/55 The index sank by 5,542.17 points or 1.21 per cent to close at 453,362.80. The JSE Main Market Index lost 4,932.90 points or 1....

Published:Wednesday | March 4, 2020 | 12:36 AM

Continued complaints about the level of bank charges in Jamaica, highlight a key aspect of the country’s digital divide, with some accessing financial services at low or no cost, while others find themselves spending substantially more time and...

Published:Wednesday | March 4, 2020 | 12:27 AM

People with iPhones could get US$25 from Apple after the company agreed to pay up to US$500 million to settle claims over intentionally slowing down older phones to preserve older batteries. Apple and lawyers representing iPhone consumers agreed to...

Published:Wednesday | March 4, 2020 | 12:23 AMKarena Bennett/Business Reporter

GraceKennedy has hit and surpassed its revenue target of $100 billion, a goal that was initially aligned with its centenary. The company closed its 2019 financial year with a top-line gain of nearly six per cent across its financial and food...

Published:Wednesday | March 4, 2020 | 12:19 AM

SSL Growth Equity Limited, which trades as SSL Group, is creating a subsidiary for its new private equity operations that is expected to become operational by mid-year. In the meantime, the company has US$270 million worth of deals under review,...

Published:Wednesday | March 4, 2020 | 12:19 AMNeville Graham/Business Reporter

Sterling Investments Limited, SIL, doubled profit from $53 million to $101 million last year, a record for the company that its operational head, Charles Ross, intends to better this year. It comes amid a doubling of foreign exchange earnings for...

Published:Wednesday | March 4, 2020 | 12:17 AM

Guyana voted for a new government on Monday in a bruising fight for control of a tiny South American country whose oil revenues in the next decade could make it one of the wealthiest in the hemisphere. A consortium comprised of ExxonMobil and...

Published:Wednesday | March 4, 2020 | 12:17 AM

In a surprise move, the United States Federal Reserve cut its benchmark interest rate by a sizeable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell said at a news...

Published:Wednesday | March 4, 2020 | 12:07 AMMcPherse Thompson - Assistant Editor – Business

Despite an amendment to the highway concession agreement to waive any right to compensation by TransJamaican Highway with respect to the widening of the Nelson Mandela Highway, the Jamaican Government will still have to pay if it further develops...

Published:Tuesday | March 3, 2020 | 4:12 PM

The Jamaica Stock Exchange (JSE) Combined Index continued its downward trend on Tuesday with an advance/decline ratio of 22/46. The index sank by 12, 629.18 points or 2.68 per cent to close at 458,904.97. The JSE Main Market Index lost 13,201.50...

Published:Tuesday | March 3, 2020 | 12:10 AM

The Organisation for Economic Cooperation and Development, OECD, says the spreading of the new virus could make the world economy shrink this quarter, for the first time since the international financial crisis more than a decade ago. In a special...

Published:Monday | March 2, 2020 | 6:06 PM

The Jamaica Stock Exchange (JSE) combined index opened the week down on Monday with an advance/decline ratio of 28/44 The JSE Combined Index fell by 3,561.95 points or 0.75 per cent to close at 471,534.15. The JSE Main Market Index lost 3,791.47...

Published:Sunday | March 1, 2020 | 12:30 AM

COLUMN: FOREIGN POLICY No case of the coronavirus COVID-19 has been reported in the Caribbean. Despite this, misinformation continues to swirl. Amplified by social media and the willingness of some to ignore the facts provided by public health...

Published:Sunday | March 1, 2020 | 12:29 AM

ADVISORY COLUMN: SMALL BUSINESS Financial markets around the world are crashing, Japan ordered a nationwide shut down of all schools, Turkey closed its border with Iran, travel bans are in effect in almost every country around the world, the...

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