Business

Barita Investments Limited made its debut on the Jamaica Stock Ex-change (JSE) Thursday, three decades after its founding by Rita Humphries-Lewin.The securities firm's 445,001,824 ordinary shares, which were listed at $2.50 per unit, will trade under...

The Jamaica Debt Exchange programme, made public on Thursday, will replace 350 Government of Jamaica bonds held by financial institutions and retail investors with 24 new notes in four classes, and cut as much as 16 percentage points off the prevailing interest...

Government has appointed a new five-member board of directors, comprising two private sector members and three with public sector jobs, slimming its membership from nine.The new chairman is Denis Lalor, chairman of Insurance Company of the West Indies...

Jamaica will ship the first batch of raw sugar to Eridania Suisse SA on February 28, representing close to a third of the supplies committed under a forward contract with the Italian-owned operation."We expect to ship about 22,000 to 24,000 tonnes in...

Jamaica Money Market Brokers (JMMB), a big domestic holder of government bonds, became the first financial institution to formally announce that it will take up the full debt-restructuring offer under which the Golding administration plans to call ...

The government can count on the support of two of the island's leading private-sector groups for the debt-management initiative formally announced yesterday by Prime Minister Bruce Golding. The Private Sector Organisation of Jamaica (PSOJ) and the Jamaica Manufacturers'...

Wall Street executives said Wednesday they underestimated the severity of the 2008 financial crisis and apologised for risky behaviour and poor decisions. They also defended their bonus and compensation practices to a sceptical commission investigating...

Alcoa Inc on Monday reported a smaller net loss for the fourth quarter, though revenue shrank as higher metal prices were offset by ongoing weakness in aerospace, construction and gas turbines businesses...

Alcoa Inc on Monday reported a smaller net loss for the fourth quarter, though revenue shrank as higher metal prices were offset by ongoing weakness in aerospace, construction and gas turbines businesses...

In a test of the market on Tuesday, the Government of Jamaica floated a two-month treasury bond that is not only significant for its tenure but was priced at a fixed 12 per cent per annum, in line with goals of the new debt management initiative...

Business confidence among Jamaican firms improved in the last quarter of 2009, but consumer confidence continued to decline, researcher Professor Richard Curtain said Tuesday."When you combine the two indices, you can see that confidence is rather flat...

General Motors Company may reopen some shuttered factories because it can't produce certain vehicles fast enough, its North American president said Monday.Mark Reuss told reporters at the North American International Auto Show in Detroit that plants...