Sun | Jun 16, 2019

Business

Published:Wednesday | May 29, 2019 | 12:30 AM

Global Payments will buy Total System Services (TSYS) in an all-stock deal valued at US$21.5 billion, the third major acquisition in the payment technology sector this year. Traditional payment processors like Global Payments are consolidating as...

Published:Wednesday | May 29, 2019 | 12:16 AM

Kingston Properties Limited has applied for special economic zone or SEZ status for its Grenada Crescent, New Kingston multistorey building, which it intends to use to house business processing outsourcing firms. “The SEZ application is in progress...

Published:Wednesday | May 29, 2019 | 12:15 AMAvia Collinder/Business Reporter

A new deal inked with three regional Nestlé businesses and others being considered with companies in Latin America position the Serge Island dairy operation at Bog Walk, St Catherine, to achieve full utilisation of its manufacturing capacity....

Published:Wednesday | May 29, 2019 | 12:10 AM

E-cigarettes aren’t considered as risky as regular cigarettes, but researchers have found a clue that their flavourings may be bad for the heart. Long-time smokers who can’t kick the addiction sometimes switch to e-cigarettes, in hopes of avoiding...

Published:Wednesday | May 29, 2019 | 12:10 AM

After more than a decade of rapid growth, Chinese travel to the United States is falling. And that has cities, malls and other tourist spots scrambling to reverse the trend. Travel from China to the US fell 5.7 per cent in 2018 to 2.9 million...

Published:Wednesday | May 29, 2019 | 12:09 AMSteven Jackson/Senior Business Reporter

CHRISTCHURCH, Barbados: Tahseen Sayed, World Bank country director for the Caribbean, says more investment is needed to save lives in a region hit annually by storms. And Prime Minister of Barbados Mia Mottley wants Caribbean nations to create...

Published:Wednesday | May 29, 2019 | 12:08 AM

Jamaica’s life insurance companies continue to manage more than 50 per cent of local pension funds, according to the latest data from the Financial Services Commission, FSC, which is also reporting that the market has grown to $601 billion in value...

Published:Wednesday | May 29, 2019 | 12:07 AM

Performance in equities was muted because of low earning reports among listed companies but the asset class retains its starring role among investors, according to the central bank’s latest ­monetary report for the quarter ending March. Investments...

Published:Wednesday | May 29, 2019 | 12:06 AM

Carube Copper Corporation made new gold and copper finds in Jamaica and wants to drill for the metals, according to the Canadian company’s latest market filings . There are strong levels of gold in the soil and rocks, and the Main Ridge project...

Published:Wednesday | May 29, 2019 | 12:05 AMAvia Collinder/Business Reporter

Instant-Save Conservation Solutions Jamaica Limited, a five-year-old company that distributes water-saving technology, is about to venture into Barbados. Talks are under way for the expansion, which is expected to cost the company $6 million, says...

Published:Tuesday | May 28, 2019 | 12:17 AM

Fiat Chrysler proposed on Monday to merge with France’s Renault to create the world’s third-biggest automaker, worth US$40 billion, and combine forces in the race to make electric and autonomous vehicles. The merged company would reshape the global...

Published:Sunday | May 26, 2019 | 12:18 AM

Pay for CEOs at the biggest companies in the United States climbed 7 per cent last year, widening the gap between chief executives and their workers, whose pay did not rise as quickly. Here are the highest-paid CEOs in the S...

Published:Sunday | May 26, 2019 | 12:17 AM

Pennsylvania’s treasury department is accusing about a dozen large financial firms of working together to illegally inflate the price of bonds issued by Fannie Mae and Freddie Mac over seven years. A federal court filing by Pennsylvania Treasurer...

Published:Sunday | May 26, 2019 | 12:14 AMHuntley Medley - Senior Business Writer

Kingston Wharves’ car-transhipment business has outgrown the 18 acres of land it leased at the Tinson Pen aerodrome and filled up another 15 acres it bought near the wharf devoted to motor vehicle storage. And company officials are predicting even...

Published:Sunday | May 26, 2019 | 12:14 AM

QUESTION: I have been following you for years and you are so inspiring. I read your advice columns and follow you on IG and you always seem to be draping me up with your advice and posts. Anyway, I’m finally taking the brave step of asking for...

Published:Sunday | May 26, 2019 | 12:13 AM

Being a head of government or a foreign minister is a thankless task. Although normally advised by a small number of able civil servants and ambassadors, the pressure that senior politicians personally experience can be acute, particularly when...

Published:Sunday | May 26, 2019 | 12:13 AM

QUESTION: I recently reached out to a financial adviser regarding a savings account that can make the money work for me, sort of, like the extra, let’s say, $5,000 out of my salary that I normally use to buy clothes, shoes, maybe go out with, the...

Published:Sunday | May 26, 2019 | 12:12 AM

Gleaner articles provide the subtext for today’s piece. One was headlined ‘Safeguarding our Children.’ It was written by Cecelia Campbell-Livingston and published on May 18. Mrs Campbell-Livingston writes about family, religion and other matters....

Published:Sunday | May 26, 2019 | 12:10 AM

COK Sodality Cooperative Credit Union is working with two foreign outfits to develop a financing programme for renewable energy products targeted at micro, small- and medium-enterprises and low-income households. The EcoMicro programme is a...

Published:Sunday | May 26, 2019 | 12:07 AMAvia Collinder - Business Reporter

Call centre operator Conduent Inc will be expanding its Jamaican operations, a plan that is expected to lead to around 2,000 new jobs by early 2020. The size of the investment was not disclosed, but it appears to be substantial. Robert Corbishley,...

Published:Friday | May 24, 2019 | 12:25 AM

The Brazilian cosmetics maker Natura announced Wednesday that it is buying Avon Products in an all-stock deal that it valued at US$3.7 billion, in a move that would create the world’s fourth-largest group of beauty products. Shareholders of both...

Published:Friday | May 24, 2019 | 12:24 AM

Over the span of two years, a Chinese national in Oregon sent devices that looked like iPhones to Apple, saying they wouldn’t turn on and should be replaced under warranty. He didn’t just submit a couple of the devices -- he delivered in person or...

Published:Friday | May 24, 2019 | 12:24 AM

A federal judge in the United States has ruled that Qualcomm unlawfully squeezed out cell phone chip rivals and charged excessive royalties to manufacturers such as Apple in a decision that undercuts a key part of its business. The decision...

Published:Friday | May 24, 2019 | 12:21 AMHuntley Medley - Senior Business Writer

She’s the niece of former Governor General Sir Howard Cooke, a former journalist and, at one time, a manager in charge of corporate affairs, customer service, client and government relations at several locations for power utility Jamaica Public...

Published:Friday | May 24, 2019 | 12:19 AM

The mining and quarrying industry contributed the lion’s share of the 1.9 per cent expansion in the Jamaican economy during fiscal year 2018-19, having growth by 28.5 per cent, driven mainly by production at the Alpart alumina plant in St Elizabeth...

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