Business

Citigroup Inc became the latest bank to take a cautious view of consumers' credit problems, reporting a US$7.77 billion fourth-quarter loss due to failed loans and the costs of repaying government bail-out money.The bank said Tuesday it did see some...

Economic activity in the third quarter of 2009 was marginally better, by 0.7 per cent, than the June period, but output fell 2.3 per cent in a year-on-year comparison. In the September 2009 quarter, Statin registered $123.25 billion of real gross...

In mid-January, 227 farmers received certificates of participation for their involvement in the Banana Sector Rehabilitation Project (BSRP) which ended in December 2009. The HEART Trust/NTA BSRP was aimed at retraining ...

What seemed like a cruel joke is now a humbling experience. So said Stephen Bell, regional vice-president of Seaboard Marine. The experience which Bell referred to is having his father, Robert Bell, a veteran in the shipping industry, report to him, at least on paper...

AUDI HAS reported that sales of its luxury cars were down 4.2 per cent on the year in December, but said full-year sales still beat its most recent forecast.The Volkswagen AG unit said it sold 79,300 cars last month.Over the whole of 2009, it sold...

Britain will host a meeting of finance officials from the Group of Seven nations on January 25 to discuss measures to protect the public from future bank failures, including a proposed global insurance levy, the Treasury said yesterday....

The Digicel network is now functioning well in Port-au-Prince with more and more customers connecting to it and being able to make and receive calls, text messages, email and BlackBerry Messenger notes. The telecommunications com-pany, in a statement ...

While new housing developments are going up along the Highway 2000 corridor of St Catherine in response to what is being described as brisk demand for homes with a below-$10 million...

The Jamaica Tourist Board (JTB) two years ago joined the throng of marketers tapping social networking sites as a way to drum up business when it revamped its website.Now, the agency is investing millions to develop a channel on YouTube, according to...

On January 10, two of France's Caribbean département d'outremer (DOM), Martinique and Guyane, rejected the possibility of greater autonomy.

The Government of Jamaica has extended an offer to the major holders of its local debt to participate in a "voluntarily exchange" of these securities for new notes with lower coupons and longer maturities.The new instruments will have lower initial...

Question: I have a restricted-driver's Road Angel Policy. My premium is low. I earn the maximum no-claims discount; I have driven accident-free for many years. Recently, I tried to change the policy to allow a friend to drive.