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...
Food and logistics company Jamaica Producers Group Limited has widened its European footprint with the 100 per cent acquisition of The Juicy Group NV and HPP Belgium NV. The acquisition was completed on March 21, 2023, according to a release,...
Fitch rating agency has revised the outlook for National Commercial Bank Jamaica Limited, NCBJ, from stable to positive, reflecting an overall improvement in the economy. NCBJ is Jamaica’s largest commercial bank with assets of nearly $886 billion...
The Jamaican Government is making another try at divesting Bath Fountain Hotel...
On March 10, the eyes of the financial world were fixated on the US banking system. The share price of Silicon Valley Bank, SVB, the 16th largest US bank, plummeted upon news that it was on the verge of failing. The collapse of SVB is now the...
It seemed like a good idea at the time: Red-state Democrats facing grim re-election prospects would join forces with Republicans to slash bank regulations — demonstrating a willingness to work with United States President Donald Trump while bucking...
The Bank of England extended its battle against inflation on Thursday, announcing an 11th consecutive interest rate increase despite concerns about the economic fallout from troubles in the global financial system. Britain’s central bank boosted...
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...
