AIC (Barbados) Limited has formally confirmed its obligation to make principal and interest payments in January totalling US$94.09 million to bondholders, following weeks of tension and a public ultimatum issued by investors. “[We] confirm that...
Supreme Ventures (SVL) announced that discussions are under way to divest the loan portfolio of its subsidiary, Evolve Loan Co, along with select assets, to microlender Dolla Financial Services Ltd. SVL will maintain its exposure to future growth...
Fewer Americans applied for unemployment benefits last week with layoffs remaining low despite a weakening labour market. US applications for jobless claims for the week ending December 27 fell by 16,000 to 199,000 from the previous week’s 215,...
Financial services firm Proven Group Limited (PGL) expects to earn US$61.7 million in revenue from the sale of its real estate units in St Ann, which would build on its half-year performance. “The group’s performance is still set to benefit from...
Vodafone Group Plc, one of the world’s largest telecoms companies, has reached a final settlement valued at US$256 million with Vodafone Idea Limited (Vi) over liabilities dating back to their 2017 merger in India. Under the deal, Vodafone will...
Some Federal Reserve officials who supported cutting a key interest rate earlier this month could have instead backed keeping the rate unchanged, minutes released on Tuesday show, underscoring the divisions and uncertainty permeating the central...
A pro-Russian hacking group claimed responsibility for a major cyberattack that halted package deliveries by France’s national postal service just days before Christmas, prosecutors said in December. After the claim by the cybercrime group known as...
US farmers are now learning how much aid they can expect to receive from a US$12-billion package that President Donald Trump announced earlier this month. The US Department of Agriculture released the figures on Wednesday for how much aid per acre...
Imagine the buffet. Forty thousand oysters, lobster worth US$400,000 and a cache of crabmeat all were stolen in separate incidents within weeks of each other in New England. The first seafood vanished on November 22 in Falmouth, Maine, where the...
By some measures, China’s economy is looking resilient, with strong exports and breakthroughs in artificial intelligence (AI) and other advanced technologies. But that is not how it feels for many ordinary Chinese, who have been enduring the strain...
US-based PayPal Holdings, Inc has formally applied to set up PayPal Bank, submitting applications to both the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC), the company stated in a release. The move...
US stocks are slipping in afternoon trading Wednesday as Wall Street closes out a banner year for markets driven by both optimism and uncertainty. The S...
Jamaica’s remittance inflows, a lifeline for households across the island, fell sharply in October, registering an 8.3 per cent decline compared with the same month last year. It reflects one of the steepest declines since the start of the 2020...
The advice that legendary investor Warren Buffett offered on investing and life over the years helped earn him legions of followers who eagerly read his annual letters and filled an arena in Omaha every year to listen to him at Berkshire Hathaway’s...
Published:Wednesday | December 31, 2025 | 12:09 AM
Greg Abel faces the challenge of taking over Berkshire Hathaway from the legendary Warren Buffett later this week. Many regard Buffett as the world’s greatest investor after he grew Berkshire from a struggling New England textile mill that he...
Published:Wednesday | December 31, 2025 | 12:08 AM
US technology giant Meta has announced the acquisition of Manus, a Singapore-based developer of general-purpose AI agents, which builds on chatbots prompts to create workflows. The deal closed on Monday for an undisclosed sum but various news...
Published:Wednesday | December 31, 2025 | 12:08 AM
Cargo Handlers Limited (CHL), which provides dockside services at the Montego Bay Freeport, reported higher revenue and profit for its financial year ended September 2025, reflecting increased economic activity prior to Hurricane Melissa....
Published:Wednesday | December 31, 2025 | 12:07 AM
Dormitory operator 138 Student Living Jamaica Limited (138SL) closed its financial year on solid ground, reporting higher revenue and improved earnings, amid ongoing negotiations with The University of the West Indies (UWI) over Irvine Hall. The...
Published:Wednesday | December 31, 2025 | 12:07 AM
Stocks fell slightly on Wall Street Tuesday as trading for 2025 nudges closer to the finish line. With just one trading day left before the year ends, most big investors have closed out their positions and volume has been thin. Every major index is...
Published:Wednesday | December 31, 2025 | 12:06 AM
Silver and gold futures fell sharply on Monday after the Chicago Mercantile Exchange (CME), one of the world’s largest trading floors for commodities, asked traders to put up more cash to make bets on precious metals with prices surging this year....
Published:Wednesday | December 31, 2025 | 12:06 AM
Jamaican businesses raised their inflation expectations in November 2025, reflecting concerns about the economic fallout from Hurricane Melissa and signalling higher anticipated costs across key inputs. “The expected inflation 12 months ahead was...
West Indies Petroleum Energy (WIP Energy) will set up fuel station outlets along Jamaica’s north and south coasts under its Thrifty Gas brand. It received planning approvals for 11 sites granted by the National Environment and Planning Agency (...
Published:Wednesday | December 31, 2025 | 12:06 AM
The Trump administration made work requirements for low-income people receiving government assistance a priority in 2025. The US departments of health and human services, agriculture and housing and urban development have worked to usher in...
