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Business

Published:Friday | September 17, 2010 | 12:00 AM

Last Sunday at Basel, Switzerland, bank regulators agreed new rules they claim will strengthen the world's financial services industry, immunising against a future Wall Street-type mid-September 2008 meltdown.

Published:Friday | September 17, 2010 | 12:00 AM

Montego Bay hotelier Godfrey Dyer has placed on the market a small, upper-middle apartment development in the city's outskirts of Ironshore, which he says should attract buyers with its "elegant design"....

Published:Friday | September 17, 2010 | 12:00 AM

Peter Reid formerly of Bank of Nova Scotia (BNS) is the new senior vice-president and chief operating officer at Victoria Mutual Building Society.Financial Gleaner...

Published:Friday | September 17, 2010 | 12:00 AM

GraceKennedy's insurance arm, Jamaica International Insurance Company (JIIC), opened its Ocho Rios office last Friday at Rapid True Value, on Main Street. The office is the sixth in Jamaica for the 29-year-old insurance company...

Published:Friday | September 17, 2010 | 12:00 AM

Mayberry Investment Limited will in a week's time redeem the more than 120 million 12 per cent preference shares it placed on the market three years ago to raise $360 million.At the time of issue, the preference shares...

Published:Friday | September 17, 2010 | 12:00 AM

The Caribbean Agri-business Association (CABA) is far advanced in its mission to promote the necessary changes in agricultural and agro-processing practices that will see the region...

Published:Friday | September 17, 2010 | 12:00 AM

John Issa's SuperClubs hotel group will monthend re-open its former Hedonism III hotel in Runaway Bay under its new Breezes Superfun marque this month end, as part of a big rebranding of several SuperClubs properties...

Published:Friday | September 17, 2010 | 12:00 AM

It accounts for only a little over one per cent of all taxes paid in the country, but Jamaicans are increasingly transmitting their returns online and revenue officials...

Published:Friday | September 17, 2010 | 12:00 AM

The world largest information technology (IT) company, Hewlett Packard (HP) has partnered with a local retailer of computer parts and accessories, Royale Computers and Accessories, to open the first HP store...

Published:Friday | September 17, 2010 | 12:00 AM

HAVANA (AP):Cuba is offering a series of small but specific steps the administration of President Barack Obama can take to soften the United States' 48-year-old trade embargo, including expanding flights and establishing ferry service between both...

Published:Friday | September 17, 2010 | 12:00 AM

David Miller, executive director of the Fair Trading Commission (FTC), said more banking and construction complaints have now been dogging the agency responsible for investigating competition in the market, as opposed...

Published:Friday | September 17, 2010 | 12:00 AM

Big cuts in several areas of the Government's $503.9 billion 2010-2011 budget are on the cards immediately to enable the State to honour a commitment made this month to pay over $500 million to nurses ...

Published:Friday | September 17, 2010 | 12:00 AM

CORAL GABLES, Miami:A senior World Bank economist is predicting that Latin America will grow faster than expected this year, driven by booming Brazil and new trade deals with China.Chief economist for Latin America...

Published:Friday | September 17, 2010 | 12:00 AM

CORAL CABLES, Miami: Jamaica will return to borrowing from the international capital markets, and while Finance Minister Audley Shaw placed no timeline on when, he declared in an international forum on Wednesday that Jamaica...

Published:Friday | September 17, 2010 | 12:00 AM

CORAL GABLES, Miami:Haitian Prime Minister Jean-Max Bellerive on Tuesday appealed for countries that had been so quick to promise help after the January earthquake to speed up delivery of the pledges, saying the delays were...

Published:Thursday | September 16, 2010 | 12:00 AM

The over 269.2 million shares offered on the market by three of Lasco's companies in an initial public offering yesterday were oversubscribed in three minutes raising some $650 million, beating the targeted $415 million that was set. Lead broker...

Published:Thursday | September 16, 2010 | 12:00 AM

The National Commercial Bank (NCB)in Jamaica has been cleared of breaching the Money Laundering Act by failing to file threshold reports in relation to a particular account.Resident Magistrate Georgiana Fraser upheld submissions from the bank's lawyers Garth...

Published:Wednesday | September 15, 2010 | 12:00 AM

LONDON (AP):A bigger-than-expected rise in United States (US) retail sales data supported stocks Tuesday, a day after markets rallied on the view that new global bank rules will prove to be less onerous than...

Published:Wednesday | September 15, 2010 | 12:00 AM

NEW YORK (AP): The dollar fell to a new 15-year low versus the yen Tuesday after a key election made Japanese intervention to weaken its currency less likely, analysts said.The dollar also fell below one...

Published:Wednesday | September 15, 2010 | 12:00 AM

CENTRAL ISLIP, New York (AP): The founder of America's leading supplier of body armour to the United States (US) military was convicted Tuesday of charges that he ran a US$185 million stock scheme...

Published:Wednesday | September 15, 2010 | 12:00 AM

HAVANA (AP):Cuba's communist leaders have already determined what soon-to-be-dismissed workers should do after they get pink slips in sweeping government layoffs, detailing a plan for them to raise rabbits, paint buildings, make bricks, collect garbage...

Published:Wednesday | September 15, 2010 | 12:00 AM

PORT-AU-PRINCE, Haiti (AP):Investors are planning a new sight for arrivals at Port-au-Prince's international airport: A seven-story, 240-room luxury hotel, rising just past the runway.The $33 million project announced Monday is one of the largest...

Published:Wednesday | September 15, 2010 | 12:00 AM

ATLANTA (CMC):The Caribbean hotel industry felt the full negative impact of the recent global recession in 2009, registering double digit declines in revenues and profits, according...

Published:Wednesday | September 15, 2010 | 12:00 AM

7 key HABITS to give you an edge - One of the most important discoveries of the past decade in the fields of psychology and success is that 95 per cent of everything that we think, feel, do and achieve is the result of habit.Give yourself an edge in...

Published:Wednesday | September 15, 2010 | 12:00 AM

The government has named a slew of directors for its mining and energy-related companies, but none, so far, for the Petroleumn Corporation of Jamaica (PCJ), whose board was dissolved without public announcement...

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