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Business

Published:Wednesday | February 3, 2010 | 12:00 AM

Trinidad has floated a new 15-year bond to fund government's day-to-day operations.The TT$600-million offer opened January 28 and closes February 5 and settlement is on February 9.The bond has a coupon of 6.5 per cent.

Published:Wednesday | February 3, 2010 | 12:00 AM

Archer Daniels Mid-land (ADM) Company, parent company to Jamaica Flour Mills, said Tuesday its fiscal second-quarter profit slipped two per cent as its revenue was depressed by lower prices for agricultural...

Published:Wednesday | February 3, 2010 | 12:00 AM

Royal Dutch Shell and Brazil's Cosan ethanol producer announced plans Monday to create a US$12-billion joint venture for ethanol production and fuel distribution in Latin America's largest nation.Under a non-binding...

Published:Wednesday | February 3, 2010 | 12:00 AM

British telecommunications company Cable & Wireless plc (C&W) set out the final terms of its demerger on Tuesday, including a US$500 million bond offer. C&W said it plans to split into two separate companies by March 26...

Published:Wednesday | February 3, 2010 | 12:00 AM

Toyota Motor Corp's fix for the gas pedal problem that led to the recall of millions of cars has not come soon enough to prevent a consumer backlash in the United States and elsewhere that is battering its sales...

Published:Wednesday | February 3, 2010 | 12:00 AM

The first batch of skilled automotive workers for 2010 left the island in mid-January to take up employment opportunities in Canada through a work-study programme offered by the Ministry of Labour and Social Security (MLSS). The group of 13 auto-service...

Published:Wednesday | February 3, 2010 | 12:00 AM

Three weeks ago, LIME Caribbean brought together labour leaders from nine trade unions and seven countries in the region in a move both the company and worker representatives are calling partnership building....

Published:Wednesday | February 3, 2010 | 12:00 AM

The Guyana government says it has no plans to close the mining industry as workers shut down the gold-mining town of Bartica in the Essequibo river on Monday over measures, they argue, will spell the end of the sector. Prime Minister Samuel Hinds...

Published:Wednesday | February 3, 2010 | 12:00 AM

NCB Capital Markets Limited (NCBCM) continues to lose senior staff, but its parent National Commercial Bank of Jamaica is now saying it will not be recruiting a new chief executive for the wealth management subsidiary.Instead, the banking group's deputy...

Published:Wednesday | February 3, 2010 | 12:00 AM

A United Nations (UN) agency, which has its regional office in the upscale business district of New Kingston on Dominica Drive, is making plans to relocate to downtown Kingston. Dr Kwame Boafo, United Nations...

Published:Wednesday | February 3, 2010 | 12:00 AM

While other Government agencies have been instructed by Prime Minister Bruce Golding to move downtown, the Factories Corporation of Jamaica (FCJ) has just rested space in the ultra-busy New Kingston business district...

Published:Wednesday | February 3, 2010 | 12:00 AM

National Commercial Bank of Jamaica (NCB), having boasted more than 16 per cent gain in first quarter profit, is already bracing for fallouts from the Jamaica Debt Exchange (JDX) programme. But the company has already confirmed ...

Published:Wednesday | February 3, 2010 | 12:00 AM

The Factories Corporation of Jamaica will be floating a $1.6-billion bond as debt financing for the construction of 200,000 square-feet of new office space for the information communications and technology sector. But the pricing of the issue is still to...

Published:Wednesday | February 3, 2010 | 12:00 AM

The resignations of two top executives from CL Financial group last month-end has not affected the restructuring and audit of the conglomerate now under the control of the Trinidad and Tobago government, its top official is contending...

Published:Wednesday | February 3, 2010 | 12:00 AM

Benchmark T-bill yields 12.5%In what appears to be a capitulation to Government's push to lower rates in line with the Jamaica Debt Exchange (JDX) offer, the monthly treasury bill auction yielded 12.5 per cent on the benchmark six-month bill and 11.68...

Published:Wednesday | February 3, 2010 | 12:00 AM

The Jamaican stock market is performing at levels not seen for six years, as equities struggle to compete with other investments, notwithstanding an environment of falling interest rates that, theoretically, should be good for stocks...

Published:Tuesday | February 2, 2010 | 12:00 AM

Digicel has unveiled the newest addition to its wide range of BlackBerry smartphones."The BlackBerry Bold 9700 smartphone gives customers the freedom and flexibility to organise their work and social life on one sleek and powerful device...

Published:Tuesday | February 2, 2010 | 12:00 AM

Commissioner of Customs Danville Walker has promised shipping agents and customs brokers that by summer of this year, the C87 form, a seven-page document, will become a single copy. The C87 is an electronic-entry lodgement system used for the importation...

Published:Tuesday | February 2, 2010 | 12:00 AM

United States President Barack Obama sent Congress a US$3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programmes....

Published:Tuesday | February 2, 2010 | 12:00 AM

Toyota Motor Corp said Monday its dealers should get parts to fix a sticky gas-pedal problem by the end of this week as the automaker apologised to customers and tried to bring an end to a recall that has affected 4.2 million vehicles worldwide....

Published:Tuesday | February 2, 2010 | 12:00 AM

The world's foremost gathering of business and government leaders wrapped up a five-day meeting with widespread agreement that a fragile recovery is under way; but no consensus on what's going to spur job growth and prevent another global economic meltdown.

Published:Tuesday | February 2, 2010 | 12:00 AM

Honda is recalling 646,000 Fit hatchbacks worldwide because of a glitch that could cause water to enter the power window mechanism, causing components to overheat. A spokeswoman says the recall affects the 2007-2008 models of the Fit...

Published:Monday | February 1, 2010 | 12:00 AM

THE GOVERNMENT has agreed to consider, for the next financial year, a programme of support for tertiary students in dire financial distress and at risk of deregistration. Students qualifying for this programme would be determined by means testing and on the recommendation ...

Published:Monday | February 1, 2010 | 12:00 AM

The intervention of Prime Minister Bruce Golding is being sought to bring closure to a dispute over aspects of the compensation package for commissioner of police-in-waiting, Owen Ellington. The Police Service...

Published:Monday | February 1, 2010 | 12:00 AM

STARTING TODAY, customers are expected to dig deeper into their pockets when purchasing a bag of cement.Carib Cement Company Limited is increasing the price of its product by seven and a half per centThe company said the increases have become necessary...

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