Fri | Sep 30, 2022

Business

Published:Friday | September 30, 2022 | 12:09 AM

Caribbean Flavours...

Published:Friday | September 30, 2022 | 12:09 AMSteven Jackson - Business Reporter

Jamaicans may soon be able to access the internet through satellite transmission, if the licence being sought by Starlink Services Jamaica Limited gets the nod from regulators. Starlink is operated by SpaceX, a company owned by American billionaire...

Published:Friday | September 30, 2022 | 12:08 AM

British Prime Minister Liz Truss on Thursday defended her divisive economic plan and shrugged off the turmoil it has stirred in financial markets, saying she’s willing to make “controversial and difficult decisions” to get the United Kingdom...

Published:Friday | September 30, 2022 | 12:08 AM

Shares in luxury carmaker Porsche AG rose on their first day of public trading after German parent company Volkswagen raised €9.4 billion (US$9.1 billion) for one of the largest initial public offerings in European history. Shares traded at €85.68...

Published:Friday | September 30, 2022 | 12:08 AM

Tens of millions of small US companies will be required to provide the government with details on their owners, and others who benefit from them, under a regulation finalised on Thursday that’s intended to peel back the layers of ownership that can...

Published:Friday | September 30, 2022 | 12:08 AM

Financial markets’ reaction to the US Federal Reserve’s latest policy move was reminiscent more of developing countries than of the world’s most powerful economy. Given that the Fed is the world’s most systemically important central bank, this is...

Published:Friday | September 30, 2022 | 12:08 AM

The three Lasco-affiliated companies are hunting for more business and new markets. The companies, which are chaired and majority held by Lascelles Chin, are already generating more cash than before the pandemic. The smallest of the three...

Published:Friday | September 30, 2022 | 12:08 AM

Derrimon Trading Group is now undertaking due diligence on a foreign company it was eyeing three months ago for possible acquisition. Its talks continue with the United States-based retail and distribution company, but Chief Financial Officer Ian...

Published:Friday | September 30, 2022 | 12:07 AMHuntley Medley - Associate Business Editor

Barita Investments Limited has pumped another $1.3 billion into its real estate portfolio, concluding late last month another major property acquisition – the nearly 1,000-acre Green Castle Estate on the St Mary coastline, adding to the stock...

Published:Friday | September 30, 2022 | 12:07 AM

Scope Caribbean weighed on the earnings of The Limners and Bards, which trades as The LAB, but it was mostly the media and advertising company’s investments that contributed to the erosion of its bottom line, constraining profit growth to less than...

Published:Thursday | September 29, 2022 | 12:09 AM

The Bank of England took emergency action Wednesday to stabilise United Kingdom financial markets and head off a crisis in the broader economy after the government spooked investors with a programme of unfunded tax cuts that sent the pound tumbling...

Published:Wednesday | September 28, 2022 | 12:08 AM

The real estate assets held by hospitality and modelling company Pulse Investments Limited are slated to grow by one-third with the ongoing additions to its Villa Ronai development. “The high end of the Villa Ronai valuation could be in excess of $...

Published:Thursday | September 29, 2022 | 12:06 AMHuntley Medley/ - Associate Business Editor

The Bank of Jamaica, BOJ, will make its next monetary policy announcement on Thursday, having already raised by 550 basis points since late September last year, its benchmark policy rate paid on cash which deposit-taking institutions park at the...

Published:Wednesday | September 28, 2022 | 12:09 PM

Renewable energy firm Soleco Limited will build two solar plants, totalling a combined 11.25MW, under separate projects for large industrial clients CB Group and the Jamalco alumina refinery. The larger plant with a capacity of 9.2MW will be...

Published:Wednesday | September 28, 2022 | 12:07 AM

As part of efforts to greater diversify its revenue streams, financial conglomerate JMMB Group has put in motion plans to deepen its business with the SME sector and will simultaneously make its entry into the commercial real estate market. The...

Published:Wednesday | September 28, 2022 | 12:06 AM

The International Monetary Fund said Tuesday that economic growth is projected to be 57.8 per cent this year for Guyana as the country continues to shake off the effects of the coronavirus pandemic-induced recession in 2020, amid protracted...

Published:Wednesday | September 28, 2022 | 12:06 AM

Explosions rattled the Baltic Sea before unusual leaks were discovered on two natural gas pipelines running underwater from Russia to Germany, seismologists said Tuesday. Some European leaders and experts are pointing to possible sabotage during an...

Published:Wednesday | September 28, 2022 | 12:06 AM

Thirty-five years after former US Federal Reserve Chair Paul Volcker left office, and nearly three years after his death, the mere mention of his name still gives shivers to Latin Americans who remember the economic devastation caused by his battle...

Published:Wednesday | September 28, 2022 | 12:06 AM

Many are familiar with the often-repeated statistics of 30/15/10 and 30/13/3 or any similar permutations, in reference to family-owned businesses, FOBs, surviving the first, second and third generations. These statistics, along with unsupported...

Published:Wednesday | September 28, 2022 | 12:06 AM

United States Federal Reserve Chair Jerome Powell said Tuesday that stablecoins will need greater regulation as they become more widely used by consumers. Powell also said, in virtual remarks to a conference on digital finance in Paris, that the...

Published:Wednesday | September 28, 2022 | 12:06 AM

Saudi Arabia appears to be leaving behind the stream of negative coverage that the killing of Jamal Khashoggi elicited since 2018. The kingdom is once again being enthusiastically welcomed back into polite and powerful society, and it is no longer...

Published:Wednesday | September 28, 2022 | 12:06 AM

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 already having real-world effects...

Published:Wednesday | September 28, 2022 | 12:05 AMJudana Murphy/Gleaner Writer

Extreme weather remains the leading cause of insurance claims in the renewable energy sector, prompting calls to design more resilient solar panels and tracking software. In 2021, the United States experienced a record-breaking 20 weather or...

Published:Wednesday | September 28, 2022 | 12:05 AM

With the recent enactment of the Inflation Reduction Act, foreign investors are being invited to invest in solar manufacturing in the United States. Head of market intelligence and public affairs at Qcells, Scott Moskowitz, said the US has never...

Published:Tuesday | September 27, 2022 | 10:35 AM

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...

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