Tue | Sep 27, 2022

Business

LONDON (AP) — The British pound stabilised Tuesday as United Kingdom authorities tried to ease investor concerns after the biggest tax cuts in 50 years sent the currency tumbling to a record low the previous day. The turmoil is...
People walk past a currency exchange bureau in London, Monday, September 26, 2022.

The British pound fell to an all-time low against the US dollar early Monday after UK Treasury chief Kwasi Kwarteng pledged a sweeping package of tax cuts, fuelling concerns about the government’s economic policy as the United Kingdom teeters...

The entrance to the Northern Caribbean University campus in Mandeville, Manchester.

COK Sodality Cooperative Credit Union has signed an agreement with Northern Caribbean University to set up a branch on its Mandeville campus that will not only offer financial services to staff and students, but will also facilitate NCU’s work-...

A growing number of businesses, including grocery stores and gas stations, are temporarily closing across Puerto Rico as power outages caused by Hurricane Fiona drag on in the United States territory, sparking concern about the availability of fuel...

General Motors says it will spend US$760 million to renovate its transmission factory in Toledo, Ohio, so it can build drive lines for electric vehicles. It is the first GM engine or transmission plant to begin the long transition from internal...

The stage is set for a possible showdown involving the Nigel Clarke-chaired board of governors of the Inter-American Development Bank and IDB President Mauricio Claver-Carone over an investigation into allegations of impropriety against the IDB president. In...

Jamaica Broilers Group, JBG, is expanding its Best Dressed Chicken US operation, a project that’s intended to get the poultry producer churning out double its current production capacity by mid-2023. JBG has allocated a budget of approximately US$...

Jamaican investor Mark Croskery has been tapped to lead an American start-up called Power Americas Resource Group, PARG, that will build homes with 3D printing machines, arising from an asset acquisition deal, market filings indicate. Croskery has...

Consumer finance subsidiary of JMMB Group Limited, JMMB Express Finance, has acquired a 19.9 per cent stake in Bayshore Finance Limited, a company focused on delivering credit solutions for the insurance industry. The disclosure was made at the...

Proven Group Limited plans to avoid acquisitions this year due to global uncertainty, but will continue to develop real estate projects. It’s the second time since the onset of the pandemic that the firm has adopted a passive approach. “We want to...
Subscribe to Business