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Business

Published:Wednesday | February 2, 2011 | 12:00 AM

NEW YORK: Oil prices smashed through $100 a barrel Monday for the first time since the 2008 economic crisis, as traders worried that unrest in Egypt could disrupt oil flows through the Suez Canal.

Published:Wednesday | February 2, 2011 | 12:00 AM

Say the word 'politics' in the presence of some people and you may wish you hadn't. For them, it's a dirty word that is likely to elicit a terse, negative response...

Published:Wednesday | February 2, 2011 | 12:00 AM

Houston-based AEI, the parent firm of the electricity company, Jamaica Private Power (JPP), says it is selling $4.8 billion worth of assets in South America, including a 52.13 per cent stake in...

Published:Wednesday | February 2, 2011 | 12:00 AM

WESTERN BUREAU: Seven months after being promoted by the new owners to be general manager of Air Jamaica, Howard Hall, has quit with no formal announcement and no reason being...

Published:Wednesday | February 2, 2011 | 12:00 AM

For the week January 24 to 28, some 21.278 million shares traded on the six stock exchanges across the Caribbean Community (Caricom), with 48 stocks advancing, 35 declining and and 39 unchanged.Cable and Wireless Jamaica was the volume leader ...

Published:Wednesday | February 2, 2011 | 12:00 AM

Amid less-than-robust growth in business activity and value of companies portfolio, Kevin Donaldson, equities manager at PanCaribbean, asserts, among others, that the removal of misfit assets should be key in...

Published:Wednesday | February 2, 2011 | 12:00 AM

Jamaica's investment bankers believe that conditions are ripe for the revival of the private bond market, but say that the pace of resuscitation would likely be hampered by regulatory rules and the high taxes charged by the Government...

Published:Wednesday | February 2, 2011 | 12:00 AM

Two of the English-speaking Caribbean's stock-market bosses say the global financial crisis is causing companies to increasingly look to bourses as a source of capital, but do not believe that the pace is rapid enough in this region."There has been a...

Published:Wednesday | February 2, 2011 | 12:00 AM

PORT OF SPAIN, Trinidad (CMC):The Trinidad and Tobago government says it will provide tax incentives to local businesses that will hire former prisoners as it moves to deal with the escalating crime situation in the country.Prime Minister Kamla Persad...

Published:Wednesday | February 2, 2011 | 12:00 AM

Jamaica and the USA are inextricably linked through trade, tourism and, of course, geographic proximity. For almost 50 years, the United States Agency for International Development (USAID), has provided approximately US$2 billion in loans and grants...

Published:Wednesday | February 2, 2011 | 12:00 AM

At first glance, Andre O'Connor's start-up, Interak Premium Content Providers, is just like any other outsourcing company.Look again!O'Connor is not searching for business of America's Fortune 500 types or, for that matter...

Published:Wednesday | February 2, 2011 | 12:00 AM

The National Commercial Bank (NCB) has acquired almost two acres of land on Constant Spring Road where it will be building a new branch to consolidate the Manor Park and Manor Centre...

Published:Tuesday | February 1, 2011 | 12:00 AM

Maritime industry stakeholders were last week educated on the damaging effects of ballast water on sensitive marine environments.The workshop was hosted by the Department of Life Science, Centre for Marine Sciences, the University of the West Indies...

Published:Tuesday | February 1, 2011 | 12:00 AM

THE MSME ALLIANCE, the umbrella organisation representing the interests of micro, small and medium-size enterprises, has furnished what it claims is evidence that smaller businesses are being threatened by a change of policy at the National Contracts...

Published:Tuesday | February 1, 2011 | 12:00 AM

ST GEORGE'S, Grenada (CMC):Church leaders in Grenada have restated their objection to casino gambling after Swedish developers Zublin confirmed resubmitting a controversial tourism development project, rejected by the government last year...

Published:Tuesday | February 1, 2011 | 12:00 AM

The tense stand-off in Egypt dominated market sentiment Monday as investors sized up the potential impact on oil supplies and whether any other government in the region may soon face the wrath of its people.With the protests against the rule...

Published:Tuesday | February 1, 2011 | 12:00 AM

Brent crude oil topped US$100 for the first time since 2008 as investors kept an anxious eye on Egypt and worried about unrest there disrupting the flow of oil from the Middle East.Brent is the benchmark for oil prices in Europe and Asia...

Published:Tuesday | February 1, 2011 | 12:00 AM

Bill Gates says he feels a responsibility to speak up for the world's poorest because they're likely to be hit hard as economic woes force governments to reduce contributions to foreign aid.In his third annual letter, issued Monday, the co-chairman ...

Published:Monday | January 31, 2011 | 12:00 AM

IN THIS critical period we now face, there needs to be a united effort to deal with local and global economic problems. A united effort will bring change! This is not the time to be deliberating about which political platform is the best...

Published:Monday | January 31, 2011 | 12:00 AM

MILITANT CRIES of "Sir, yes Sir!" echoed throughout the Courtleigh Auditorium recently as excited Sagicor employees enthusiastically participated in the company's...

Published:Monday | January 31, 2011 | 12:00 AM

FALMOUTH, Trelawny:THE TRELAWNY Parish Council must continue to be a proactive municipal body capable of enacting the necessary changes to ensure the continued development of the town of Falmouth and the parish, according to Jamaica Labour Party member...

Published:Sunday | January 30, 2011 | 12:00 AM

Investors of failed securities dealer Lorreston Bailey are likely to recoup just about 1.3 per cent of their investment, according to a Financial Services Commission (FSC) notice disclosing assets of less than $9 million after deduction of expenses.

Published:Sunday | January 30, 2011 | 12:00 AM

On January 25, the BBC World Service announced that as part of a new funding arrangement with the British government, it will be cutting the broadcaster's budget by 16 per cent, or by around US$73 million (£46 million) per annum.In doing so, it will be significantly reducing the numbers it employs and reducing the range of the programming and services it offers to many regions of the world including the Caribbean.

Published:Sunday | January 30, 2011 | 12:00 AM

My friend has a car that I drive. It was involved in an accident in March of last year. I was at fault. A pedestrian who alighted from a shuttle taxi ran across the road in the vicinity of Victoria Mutual along Half-Way Tree Road. A claim was made for damage to the vehicle. The company also paid the pedestrian's claim. A few weeks later, a bus backed up into the front of the same car...

Published:Sunday | January 30, 2011 | 12:00 AM

The Jamaican Government has removed the need for a work permit for overseas technicians required to carry out urgent work on the island not exceeding 30 days.

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