Thu | Jan 28, 2021

Business

Published:Friday | January 1, 2021 | 12:12 AM

In her last weeks working the freight shift at the local J.C. Penney store, Alexandra Orozco took out her phone and hit ‘record’. The 22-year-old shot a video of the giant black-and-red ‘Everything Must Go!’ posters and posted it on TikTok in...

Published:Thursday | December 31, 2020 | 4:48 PM

The Jamaica Stock Exchange (JSE) combined index advanced on Thursday with an advance/decline ratio of 39/40. The index advanced by 1,821.98 points or 0.47 per cent to close at 392,435.92. The JSE Main Market Index advanced by 2,013.69 points or 0....

Published:Thursday | December 31, 2020 | 12:05 AM

While corks may have popped in London and Brussels over the end to a four-year saga known as Brexit, there is one rocky speck of British soil still left in limbo. Gibraltar, a British colony jutting off the southern tip of Spain’s mainland, wasn’t...

Published:Wednesday | December 30, 2020 | 5:57 AM

ADVERTORIAL: MC Systems Anyone who has ever had to manage a company’s payroll process at the end of the month, knows that it is no easy task. In fact, it is considered one of the most tedious tasks involved in running a small business. This has...

Published:Wednesday | December 30, 2020 | 12:10 AMSteven Jackson/Senior Business Reporter

Caribbean retail investors have tendered millions of dollars’ worth of old US dollar-denoted bonds from Digicel, as part of a regional deal to give them a final chance to join other bondholders from around the world in a global debt exchange....

Published:Wednesday | December 30, 2020 | 12:08 AMSteven Jackson/Senior Business Reporter

Alliance Financial Services Limited has announced the suspension of its initial public offering, IPO, in order to allow regulators to assess a matter pertaining to a separate company held by its principals. “The matter has nothing to do with...

Published:Wednesday | December 30, 2020 | 12:08 AMNeville Graham/Business Reporter

Listed private credit outfit Sygnus Credit Investments Limited appears set to upsize to US$32 million, its US$22-million additional public offering of shares, or APO, which was extended by a week as the company sought to cast a wider net and hold...

Published:Wednesday | December 30, 2020 | 12:07 AM

The recent press coverage of the decision by the Caribbean Community (Caricom) Council for Trade and Economic Development (COTED) that companies in Jamaica are not eligible to receive certificates of origin for their soap exports, thereby not...

Published:Wednesday | December 30, 2020 | 12:06 AM

Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country’s internet sector. The...

Published:Wednesday | December 30, 2020 | 12:06 AM

Guyana’s Financial Intelligence Unit, FIU, has received reports of more than a dozen pyramid schemes operating in the country, defrauding Guyanese of their hard-earned cash. According to FIU Director Matthew Langevine, the organisations are...

Published:Wednesday | December 30, 2020 | 12:06 AM

Retail sales in the United States increased a modest three per cent during the holiday season as homebound shoppers spent more on furnishing and food, but less on clothing and jewellery, according to figures released Saturday by a United States...

Published:Wednesday | December 30, 2020 | 12:06 AM

United States long-term mortgage rates dropped last week to a record low for the 16th time in 2020, reflecting an economy hard hit by the coronavirus pandemic. Mortgage giant Freddie Mac said that the average rate on the benchmark 30-year fixed-...

Published:Wednesday | December 30, 2020 | 12:05 AM

The United States, US, economy expanded at a record 33.4 per cent annual pace from July through September, the Commerce Department has said, delivering the last of three estimates on the economy’s third-quarter performance. But it’s likely that a...

Published:Wednesday | December 30, 2020 | 12:05 AM

Google is pushing back in court on antitrust claims brought against it by the United States Justice Department two months ago. In a legal filing with the US District Court for the District of Columbia, Google denied or partially rejected almost 200...

Published:Wednesday | December 30, 2020 | 12:05 AM

With no sign that home workouts will fade out any time soon, Peloton, the maker of high-end stationary bikes with accompanying monthly subscriptions, has recently cranked up its manufacturing capacity in a big way, and it picked up a bunch of new...

Published:Wednesday | December 30, 2020 | 12:05 AM

The United States Justice Department is suing big-box retailer Walmart, alleging the company unlawfully dispensed controlled substances through its pharmacies, helping to fuel the opioid crisis in America. The civil complaint points to the role...

Published:Tuesday | December 29, 2020 | 5:02 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Tuesday with an advance/decline ratio of 40/31. The index moved down by 507.14 points or 0.13 per cent to close at 388,806.36. The JSE Main Market Index declined by 550.89 points or 0.14...

Published:Tuesday | December 29, 2020 | 12:07 AM

Global stock markets and US futures rose on Monday after President Donald Trump signed a US$900-billion economic aid package, helping to reduce uncertainty as governments reimpose travel and business curbs in response to a new coronavirus variant....

Published:Monday | December 28, 2020 | 4:50 PM

The Jamaica Stock Exchange (JSE) Combined Index advanced on Monday with an advance/decline ratio of 44/35. The index moved up by 818.50 points or 0.21 per cent to close at 389,313.50. The JSE Main Market Index advanced by 402.18 points or 0.10...

Published:Sunday | December 27, 2020 | 12:10 AM

The issues of 2020, based on the questions raised by my readers, do not differ significantly from those raised in 2019. Perhaps it will be some time before a significant dent will be made as people become more financially literate and more focused...

Published:Sunday | December 27, 2020 | 12:09 AM

The United States market for existing homes cooled slightly in November, the National Association of Realtors has said. The fall-off in home sales comes after climbing through the late spring, summer and early fall despite the pandemic. Existing...

Published:Sunday | December 27, 2020 | 12:09 AM

Bumble Bee Seafoods has been recognised by NOSH.com’s annual awards for what the adjudicator said was “the bold and fresh redesign of the brand’s iconic tuna cans, pouches and snack kits”. Each year, NOSH’s annual ‘best of’ awards are presented to...

Published:Sunday | December 27, 2020 | 12:07 AM

Years ago, I mistakenly worked for someone I should not have. Since then, I have wondered: could I have foreseen what transpired? Were there early warning signs I overlooked? Abundant research shows that employees don’t leave companies. They leave...

Published:Sunday | December 27, 2020 | 12:06 AMKarena Bennett - Business Reporter

Department store Ammar’s is forking out $90 million to give its three Corporate Area locations a facelift, while putting in a website as it plays catch-up to online shopping, which is fast becoming the main source for sales for a growing list of...

Published:Sunday | December 27, 2020 | 12:06 AMKarena Bennett - Business Reporter

Jamaica’s standards authority, Bureau of Standard Jamaica (BSJ), in a partnership with the Bamboo Industry Association of Jamaica, appears close to setting up a facility in White Marl, St Catherine, from which the companies will carry out research...

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