Business
Economic Programme Oversight Committee chairman Keith Duncan lauded the rapid reduction in Jamaica's debt, but warned that high interest rates pose concerns. “We are the Usain Bolt of debt reduction. We will become a model to the world,” Duncan...
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The Jamaica Stock Exchange (JSE) Combined Index closed the week Friday on a winning note. The moderate trading session ended with an advance/decline ratio of 42/53. The JSE Combined Index advanced by 1,499.50 points or 0.45 per cent to close at...
Bank of Jamaica has said it has no objection to the restructurings that Cornerstone has proposed in its application for a licence as a financial holding company, or FHC, but wants it to go further to bring two off-balance sheet companies onto its...
The United States Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking...
Ford Motor Company’s electric vehicle business has lost US$3 billion before taxes during the past two years, and will lose a similar amount this year as the company invests heavily in the new technology. The figures were released on Thursday as...
British lawmakers voted overwhelmingly Wednesday in favour of Prime Minister Rishi Sunak’s deal with the European Union to rewrite the rules on Northern Ireland trade. The House of Commons voted 515-29 to back a key portion of the agreement, which...
The Jamaica Stock Exchange (JSE) Combined Index closed Wednesday on up. Another hectic trading session ended with an advance/decline ratio of 34/47. The JSE Combined Index advanced by 1,251.80 points or 0.37 per cent, to close at 335,403.70. The...
NCB Capital Markets Limited is raising $3.19 billion through an offer for investors to seed a new a real estate fund with a portfolio of tenanted assets that include NCB bank branches and car parks. The offer has been on the market for a week and...
Coffee-processing company Salada Foods Jamaica Limited is partnering with the Jamaica Coffee Growers Association, JCGA, on a project to transform coffee waste into a farming input. The Grounds for Growth initiative will repurpose Salada’s...
Hugo App will shut down in Jamaica next month, following its acquisition of the delivery service by Delivery Hero, which is based in Germany. “The decision has been made that Hugo App will be closing operations in Jamaica,” said Miguel Vaquero of...