Sun | Jan 20, 2019

Business

Published:Friday | April 30, 2010 | 12:00 AM

Mobile service provider Digicel Group is believed to be seeking a negotiated settlement as one option in its bid to have its rival, Cable & Wireless Communications (CWC), lower the £15.5 million (J$2.09 billion) figure it said it had to shell out to defend a case unsuccessfully brought against it in the English High Court, by Digicel.

Published:Thursday | April 29, 2010 | 12:00 AM

The local arm of international mobile giant Digicel Jamaica has embarked on a multimillion-dollar plan to refurbish the Coronation Market.

Published:Thursday | April 29, 2010 | 12:00 AM

Europe's debt crisis mushroomed Wednesday as Spain saw its credit rating lowered, just as Germany sought to reassure nervous investors that Greece would not be allowed to go under, saying Berlin's share of a key aid package could be approved in the next few days.

Published:Wednesday | April 28, 2010 | 12:00 AM

Clovis Metcalfe has only been in the job for 15 months, but he will soon be handing over control of FirstCaribbean International Bank Jamaica Limited and heading into retirement, the bank said.No successor has yet been...

Published:Wednesday | April 28, 2010 | 12:00 AM

Pamella McLean, managing director of the National Export Import Bank of Jamaica (EXIM Bank) will retire come April 30, after 24 years of service to the organisation.EXIM Bank is primarily engaged in short-term financing activities aimed at the...

Published:Wednesday | April 28, 2010 | 12:00 AM

IBM Corp is increasing its dividend payout by 18 per cent and buying back more of its stock - two moves designed to boost the company's share price.The technology company said Tuesday at its annual shareholders meeting, held this year in Milwaukee, that...

Published:Wednesday | April 28, 2010 | 12:00 AM

Ford earned $2.1 billion in the first quarter and forecast a solidly profitable year as consumers spent more on big-ticket items like cars.

Published:Wednesday | April 28, 2010 | 12:00 AM

The United Nations agency tasked with reducing rural poverty has approved a debt-relief package for disaster-stricken Haiti in a bid to help the country get back on its feet after the calamitous earthquake that struck the...

Published:Wednesday | April 28, 2010 | 12:00 AM

Brazilian President Luiz Inacio Lula da Silva Monday said South America's biggest trade bloc and the Caribbean looked on track to be able to sign a free trade deal in the future.

Published:Wednesday | April 28, 2010 | 12:00 AM

Failing to curb federal budget deficits would do "great damage" to the United States economy in the long run, US Federal Reserve Chairman Ben Bernanke warned Tuesday.

Published:Wednesday | April 28, 2010 | 12:00 AM

The Trinidad and Tobago Unit Trust Corporation (UTC) said Monday that despite low interest rates and underperforming equity markets, it added market share last year."Global interest rates were at historic low levels and stock markets also experienced...

Published:Wednesday | April 28, 2010 | 12:00 AM

The World Bank-sponsored Caribbean Catastrophe Risk Insurance Facility (CCRIF) is searching for a new supervisor of the three-year-old regional insurance fund, saying the first management contract has run its...

Published:Wednesday | April 28, 2010 | 12:00 AM

Top Goldman Sachs officials defended their conduct in the financial crisis on Tuesday, flatly disputing the government's fraud allegations against the giant financial house.

Published:Wednesday | April 28, 2010 | 12:00 AM

FirstCaribbean International Bank Limited (FCIB) has partnered with an American telecoms firm to offer banking services on the go to customers across the banking group's 17 regional markets.The service is free to customers, who FCIB said can now check...

Published:Wednesday | April 28, 2010 | 12:00 AM

An Antiguan judge on Monday paved the way for extradition to the United States of a former financial regulator indicted in an alleged US$7 billion swindle by jailed Texas financier R. Allen Stanford.

Published:Tuesday | April 27, 2010 | 12:00 AM

Hertz Global Holdings Inc said Monday it has agreed to buy rival Dollar Thrifty Automotive Group for about US$1.17 billion in cash and stock as it tries to expand its vacationer business.

Published:Tuesday | April 27, 2010 | 12:00 AM

Telecommunications company Claro last week unveiled a new customer access centre at its head offices in New Kingston.

Published:Tuesday | April 27, 2010 | 12:00 AM

The United States Treasury Department said Monday that it plans to sell up to 1.5 billion shares of Citigroup stock, its latest move to unwind the support it provided big banks during the financial crisis.

Published:Tuesday | April 27, 2010 | 12:00 AM

A special task force - whose work will be co-funded from private and public sources - to determine the aggregate demand for goods and services in the tourist industry has been created by Government.

Published:Monday | April 26, 2010 | 12:00 AM

The finance minister, Audley Shaw, has again called for the lowering of interest rates to single digits, to boost production within the Jamaican economy.

Published:Monday | April 26, 2010 | 12:00 AM

Joseph Matalon, president of the Private Sector Organisation of Jamaica (PSOJ), is intensifying his organisation's call for deep tax cuts by Government.

Published:Sunday | April 25, 2010 | 12:00 AM

Regulatory focus has moved towards shifting the business model of the securities dealers away from a repurchase agreement (repo)-based intermediation model where the principal revenue source is net interest income, to one that is driven by more fee-based and trading activities.

Published:Sunday | April 25, 2010 | 12:00 AM

Question: I have tried to get my head around the new property tax bands in Jamaica, but I find the information rather vague. Can you tell me in simple terms how much tax you would pay on a house valued at say, $15 million?

Published:Sunday | April 25, 2010 | 12:00 AM

National Commercial Bank of Jamaica's interest income from loans and securities tanked by a billion dollars in the three-month period ending March 2010, a reverse of the previous year's outcome.

Published:Sunday | April 25, 2010 | 12:00 AM

Question: On October 19, 2009, I was travelling as a passenger in a 2005 Honda Civic. It was being driven by the owner. While we were on the Hellshire Road, a white Toyota Corolla taxi hit the rear of the Honda. The matter was reported to the taxi's insurers. They replied to say that the taxi driver had not reported the collision and asked for a police report.

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