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Business

Published:Sunday | August 8, 2010 | 12:00 AM

Pan Caribbean Financial Services Limited (PCFS) has seen a 38 per cent drop in profit, to J$231 million, resulting from a decline in net-interest income and in the second quarter ending June 30.

Published:Sunday | August 8, 2010 | 12:00 AM

BlackBerrys still fly off the shelves. They still convey the message that their owners mean business - that they're people who are important enough to need email access all the time.

Published:Saturday | August 7, 2010 | 12:00 AM

The crushing impact of high interest rates in the late 1990s forced the Jamaica Agricultural Development Foundation (JADF) to change gear from what was dictated by its original mandate to what Chief Executive Officer Vitus Evans describes as project development.

Published:Saturday | August 7, 2010 | 12:00 AM

Like many young farmers in his position, Ricardo Hyman is grateful to the Ministry of Agriculture and Fisheries' Young Farmers' Entrepreneurship Programme (YFEP) for providing him with the opportunity to start and sustain his own business.

Published:Friday | August 6, 2010 | 12:00 AM

Nothing, it seems, has gone right for Caribbean Cement Company Limited in the second quarter.

Published:Friday | August 6, 2010 | 12:00 AM

First Global Bank (FGB), Jamaica's smallest domestically controlled commercial bank, has joined its larger peers in slicing lending rates.The two percentage-point cut drops the bank's base rate to 18.75 per cent, effective September 1.First Global is...

Published:Friday | August 6, 2010 | 12:00 AM

Last Thursday, James Bullard, president of the Federal Reserve Bank of St Louis, came out with a view that's gaining ground among members of the Federal Reserve Board.

Published:Friday | August 6, 2010 | 12:00 AM

An undisclosed party connected to First Jamaica Investment Limited has acquired 6.86 million of the company's shares, amounting to 2.26 per cent of the equity.

Published:Friday | August 6, 2010 | 12:00 AM

PetroCaribe adds threeThree directors have been added to the board of the PetroCaribe Development Fund, including manager of the oil-backed fund, Sharon Webber......

Published:Friday | August 6, 2010 | 12:00 AM

Guardian Holdings Limited has wrapped up negotiations and signed off on the sale of 12.8 per cent of the company to International Finance Corporation (IFC), but needs shareholder ratification to close the deal.The vote is set for September 1 in Trinidad...

Published:Friday | August 6, 2010 | 12:00 AM

BP pumped cement into its blown-out oil well in the Gulf of Mexico on Thursday, hoping to start sealing it for good a day after it forced a slow torrent of heavy mud down the broken wellhead and pushed the crude back to its underground source.

Published:Friday | August 6, 2010 | 12:00 AM

The Treasury Depart-ment said Wednesday that it has scaled back its annual borrowing capacity by US$232 billion since April and plans further gradual cuts in coming months.

Published:Friday | August 6, 2010 | 12:00 AM

A solid gain in collections of general consumption tax, at the ports and at cash registers, boosted tax revenues back into realignment at the close of the June quarter.The first fiscal-quarter intake of taxes,...

Published:Friday | August 6, 2010 | 12:00 AM

CVM Communications Group is losing its top man, but the company seems far from perturbed and is leaving the post vacant for now.Consequently, Wayne Chen, chairman of the media company whose...

Published:Thursday | August 5, 2010 | 12:00 AM

Financial Secretary Dr Wesley Hughes says charitable organisations might be spared the effects of a new government policy to freeze the granting of waivers on all imports.At the same time, Hughes, who admitted Tuesday to not being fully au fait...

Published:Thursday | August 5, 2010 | 12:00 AM

A resident magistrate has sent a strong message that praedial larceny will not be tolerated by sentencing a man to 18 months' imprisonment for reaping almost the entire yam crop of a Trelawny farmer. Radcliffe Plummer...

Published:Wednesday | August 4, 2010 | 12:00 AM

United States (US) factory orders fell in June for the second straight month due to lower demand for steel, construction machinery and aircraft.The Commerce Department said Tuesday that factory orders dropped by 1.2 per cent to a seasonally adjusted...

Published:Wednesday | August 4, 2010 | 12:00 AM

BP Plc says it has agreed to sell its oil and gas exploration business in Colombia for US$1.9 billion to a consortium of Ecopetrol, Colombia's national oil company, and Talisman of Canada.The deal announced Tuesday is the latest in BP's plans to sell up...

Published:Wednesday | August 4, 2010 | 12:00 AM

Getting on the career fast track sounds like a great thing, doesn't it? It is, especially if you are on track to a career destination you're excited about....

Published:Wednesday | August 4, 2010 | 12:00 AM

The Mercosur trade bloc has reached a deal on a common customs code that should speed up and reduce the cost of commerce across South America. Argentine President Cristina Fernandez says she and six other presidents approved the regulations....

Published:Wednesday | August 4, 2010 | 12:00 AM

LIME Caribbean has added a new position to its corporate line up that is meant to leverage innovative thinking into new product development and sales, a job that has gone...

Published:Wednesday | August 4, 2010 | 12:00 AM

Effective August 4, the interest rate payable on Bank of Jamaica 30-day Certificates of Deposit will be reduced by 50 basis points to 8.5 per cent, the central bank announced Tuesday, a day after Prime Minister Bruce Golding said more rate cuts would...

Published:Wednesday | August 4, 2010 | 12:00 AM

The Trinidad and Tobago government said it will seek to "arrest the decline in oil and gas reserves" as the country extended the date for receiving bids for drilling in shallow waters....

Published:Wednesday | August 4, 2010 | 12:00 AM

Cuba says its budget deficit came in far below forecasts in the first half of 2010, evidence that tax increases and deep-spending cuts on food imports may be helping the communist government weather a severe economic crunch....

Published:Wednesday | August 4, 2010 | 12:00 AM

Lascelles deMercado and Company kept its cost of doing business flat in the third quarter, but falling sales, lower investment income, and rising administrative costs tore dramatically into profits...

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