Fri | Jul 20, 2018

Business

Published:Thursday | June 14, 2018 | 12:00 AM

The price of bitcoin fell to a four-month low of US$6,370 on Wednesday, days after South Korean digital currency exchange Coinrail said hackers had stolen over US$37 million, or almost a third of the virtual currency it had stored.After Coinrail...

Published:Wednesday | June 13, 2018 | 11:04 PM

The US Federal Reserve took note of a resilient United States economy Wednesday by raising its benchmark interest rate for the second time this year and signalling that it may step up its pace of rate increases.The Fed now foresees four rate hikes...

Published:Wednesday | June 13, 2018 | 4:23 PM

Fontana Pharmacy is to open its sixth branch at the new Waterloo Square at the corner of Waterloo Road and West Kings House Road, St. Andrew in the summer of 2019. The company’s largest location to date, Fontana Waterloo Square will offer a...

Published:Wednesday | June 13, 2018 | 3:52 PMAP

  Comcast made a US$65 billion bid Wednesday for Fox's entertainment businesses, setting up a battle with Disney to become the next mega-media company. The bid comes just a day after a federal judge cleared AT&T's takeover of Time...

Published:Wednesday | June 13, 2018 | 12:00 AMSteven Jackson/ Senior Business Reporter

Cargo ports in Kingston ranked first in the Caribbean and eighth in Latin America for cargo movements in 2017 despite flat performance, according to data released by a United Nations regional body.The port in Caucedo, Dominican Republic, ranked...

Published:Wednesday | June 13, 2018 | 12:00 AM

QUESTION: Good day, Mr Smith. How do you prepare for scenario interviews, for example, a case study?A.L.CAREERS: Thank you for your question. I am interpreting it to mean a situational interview scenario where the scenario given is a case study. It...

Published:Wednesday | June 13, 2018 | 12:00 AM

GraceKennedy Limited has struck a deal with Peak Bottling Company Limited to acquire a 35 per cent share in the Catherine's Peak water brand. The cost of the acquisition was not disclosed and closing of the deal is subject to due diligence, the...

Published:Wednesday | June 13, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

C2W Music Limited, the start-up music publishing company that has racked up deficits more than hits, will outline the details of its rescue plan at an extraordinary general meeting scheduled for June 27.It will involve an unnamed outside entity...

Published:Wednesday | June 13, 2018 | 12:00 AMNeville Graham/Business Reporter

Managing Director Andrew Jackson estimates that the 100 vehicles on the lot at Global Auto would normally have incurred around $1.2 million in wharf charges."When we import cars and they have to sit on the wharves there is a daily storage charge,"...

Published:Wednesday | June 13, 2018 | 12:00 AMSteven Jackson/ Senior Business Reporter

Derrimon Trading Limited, owner of the Sampars chain of supermarkets, is predicting savings of about $20 million in interest costs, having secured a $625 million loan to refinance existing debt.The loan will finance the early redemption of bonds...

Published:Wednesday | June 13, 2018 | 12:00 AM

A junior member of Prime Minister Theresa May's government resigned Tuesday over Brexit, emboldening pro-EU lawmakers ahead of key votes in Parliament on the United Kingdom's departure from the European Union.Conservative lawmaker Phillip Lee, who...

Published:Wednesday | June 13, 2018 | 12:00 AM

War profiteers, terror financiers and drug traffickers sanctioned by the United States in recent years have used Dubai's real estate market as a haven for their assets, a new report released Tuesday alleges.The report by the Washington-based Center...

Published:Wednesday | June 13, 2018 | 12:00 AMAvia Collinder/ Business Reporter

Brenda-Lee Martin, the newly appointed CEO of Sagicor Estate X Fund Limited, says the company has exchanged all units held in the Sigma unit trust for shares in Playa Hotels...

Published:Tuesday | June 12, 2018 | 12:00 AM

Rising homicide rates are damaging Brazil's economy and leading to skyrocketing public security costs, according to a study released on Monday.Beyond the emotional toll on families and communities, homicides between 1996 and 2015 robbed the country...

Published:Sunday | June 10, 2018 | 12:00 AM

Buying yogurt in a small grocery store in Rabat, Morocco, 24-year-old Chaima Lahsini has a request: "Nothing from Central Danone please," she told the clerk, who looks back mournfully at the unwanted dairy products piled in his fridge.Lahsini is...

Published:Sunday | June 10, 2018 | 12:00 AM

Investment banker and General Manager of Proven Wealth, Ryan Reid, is leaving the firm, having tendered his resignation, which takes effect on July 18.His resignation follow two others at the management level from Proven earlier this year - Chorvelle...

Published:Sunday | June 10, 2018 | 12:00 AMAvia Collinder

Healthcare and consumer products distributor, Kingston-based Medical Disposables and Supplies Limited (MDS), has been appointed as a distributor for the United States-based technology company 3M, expanding its portfolio in disposable supplies and...

Published:Sunday | June 10, 2018 | 12:00 AM

In a week in which Caribbean tourism leaders have been meeting in New York to build on the strong growth that much of the industry is now experiencing, it may seem perverse to be writing about the sustainability of Caribbean tourism.However, there...

Published:Sunday | June 10, 2018 | 12:00 AM

I am in possession of $40,000 liquid assets. My aim is to go back to school and start my studies, which require $500,000 a year. What are your low-risk recommendations that could get me back to school in the shortest possible time?- AlexI applaud...

Published:Sunday | June 10, 2018 | 12:00 AMSteven Jackson

The revenues at Scotia Group Jamaica (SGJ), the island's second-largest bank by assets, dipped by nearly $500 million, leading it to report lower profit for its second quarter, ending April 2018.The group made earnings per share of $1.08 for the...

Published:Sunday | June 10, 2018 | 12:00 AM

Question: This newspaper reported recently that health insurance companies were forcing expectant mothers to incur expenses associated with pregnancy and then submit claims afterwards. This is very unfair. It has always been my understanding that...

Published:Sunday | June 10, 2018 | 12:00 AMYaneek Page

Parents of boys have several critical needs and wants. They need their boys to realise their true potential and live their best, happiest, healthiest, and most productive lives.They need them to dodge the vicious and expansive 'at risk for crime and...

Published:Sunday | June 10, 2018 | 12:00 AMNeville Graham

The Government has approved the tabling of regulations that will effectively depoliticise the boards of public-sector bodies by, among other things, ensuring that a third of those appointed by a previous minister or administration be carried over to...

Published:Sunday | June 10, 2018 | 12:00 AMGlenford Smith

QUESTION: I am responding to the article 'Frustrated with life insurance' in the Wednesday, May 9, 2018, edition of The Gleaner because it hits close to home. The same thing happened to my daughter who is a recent graduate of UTech. She was told she...

Published:Friday | June 8, 2018 | 12:03 AM

The Eastern Caribbean Central Bank (ECCB) is warning customers in the sub-regional Organisation of Eastern Caribbean States (OECS) to be cautious about using non-traditional financial...

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