The International Monetary Fund (IMF) no longer believes China's tightly controlled currency is undervalued, an IMF official said on Tuesday, a stance that might help Beijing in its wrangling with Washington over exchange rate controls.The IMF's...
Published:Tuesday | May 26, 2015 | 2:00 PMCamilo Thame
Derrimon Trading Company burned through another round of expansion cash paying down loans and building working capital in the first quarter - and it is buying a sixth retail outlet.The company, which operates Sampars retail outlets and distributes...
Jamaica Broilers Group is yet to fully recover the US$42 million poured into its ethanol plant over eight years, but the poultry company has now decided to exit the market as a producer of the biofuel and is seeking a business partner to operate the...
Mayberry Investments Limited has increased its stake in Lasco Financial Services to 20 per cent, Lasco chairman Lascelles Chin said in a statement. Mayberry’s chairman Christopher Berry will join Mayberry CEO Gary Peart on Lasco Financial...
Charter Communications is buying Time Warner Cable for US$55.33 billion, creating another US television and Internet giant. And executives say they're confident regulators will allow it. The deal comes a month after Comcast, the country's...
Greece's government on Monday ruled out restricting access to bank accounts and the free movement of money if there is no breakthrough soon in tortuous talks with bailout creditors and its dwindling cash reserves dry up. The possibility of...
Guyana's new president has appointed 27 ministers to his cabinet after his opposition coalition won the South American country's general election. Retired army general David Granger awarded several ministries to the smaller Alliance for...
The owner of the High Hope Estate overlooking Montego Bay is holding firm to a US$900,000 price tag after a failed attempt to sell the property, but will be pitching in antiques and other furnishings that realtor Maura Watson says are worth close to...
Published:Tuesday | May 19, 2015 | 6:32 PMNeville Graham
A second luxury bus service called Corporate Express is about to enter the market, starting with one route from Kingston to Port Antonio and two buses, which will eventually grow to a fleet of four.Businessman and hotelier Ernest Constantine '...
Published:Thursday | May 21, 2015 | 12:25 PMTameka Gordon
A local wholesaler has carved out a niche for itself in the fresh produce delivery business, bringing a range of foods to the homes and offices of its customers.The business, which operates from Newport West in Kingston, is divided into two entities...
The latest credit conditions survey done by the central bank indicates that lenders tightened up on credit in the December quarter leaving loan demand from small firms largely unmet.However, lenders also offered some Jamaican dollar loans at a...
Published:Thursday | May 21, 2015 | 3:09 PMCamilo Thame
Last month, companies became less optimistic about future business conditions than they were at the start of the year.But they were less moody about the current state of affairs, according to the latest survey of inflation expectations published by...
Published:Thursday | May 21, 2015 | 4:19 PMTameka Gordon
Businessman David Annakie, who bought out Fiction night club from KLE Group, has poured roughly US$1 million into a new look for the entertainment spot.Annakie now has full control of the club through his New York-based company Linkup Media Group....
'A winner never quits; a quitter never wins'.So goes the inspirational saying which you're, no doubt, familiar with. It's famous, for sure. The question is: Is it true? At best, it's only partly so, if you think about it.People quit smoking. They...
QUESTION: I am currently in a really messed up situation called debts. I have two loans that I am paying for plus monies owed to a brother of mine.I recently got married and my husband and I took out a joint loan to start life. However, he went...
Published:Friday | May 22, 2015 | 3:52 PMFrancis Wade
Can workers who have become accustomed to low standards be trained to achieve otherwise? The debate is currently raging in Trinidad and probably will arrive before long in Jamaica.One of my first summer jobs involved working on a project in a...
READER: I have worked in the insurance industry for about five years. It is my impression that in your zeal to help persons with claims problems, you end up unfairly criticising insurance companies and brokers who, in general, are doing a good job...
Published:Friday | May 22, 2015 | 4:28 PMDavid Jessop
After years idling in the doldrums,visitor arrivals to some parts of the region are increasing rapidly, travellers are spending more, and the yield for hoteliers is improving. Moreover, as demand soars it is getting much harder for visitors to find...
United States federal Reserve Chair Janet Yellen said Friday she expects to begin raising interest rates later this year, if the job market improves and the Fed is confident inflation will climb closer toward its target rate.She described the US...
A staggering plunge in the free-market value of Venezuelan currency sent people scrambling to sell off their depreciating bolivars Friday.DolarToday, a widely followed website that tracks exchanges made near the Colombian border, reported that the...
Businesses expect inflation of 5.1 per cent in the year ahead, a 50 per cent decline in the expected rate since the last two surveys conducted by the Statistical Institute of Jamaica for the Bank of Jamaica, according to central bank Governor Brian...
Four of the world's biggest banks agreed Wednesday to pay more than US$5 billion in penalties and plead guilty to rigging the currency markets, a rare instance in which federal prosecutors have wrung an admission of criminal wrongdoing from a...
GraceKennedy Limited plans to tap into new areas of business previously unexplored by the conglomerate, but will mostly do so as an investor through its private equity/ investment advisory arm, GK Capital, and not as an operating partner.GracKennedy...
Published:Wednesday | May 20, 2015 | 3:32 PMNeville Graham
A LOCAL group of gas station owners calling themselves EDJ Acquisition Company Limited are to bid for the assets of Jamaica's fourth largest petroleum marketing company, Petcom, the Financial Gleaner has confirmed.The consortium includes Trevor...
The continued lagged impact of the drought which prevailed last summer has been blamed for the poor performance of the Jamaican economy during fiscal year 2014-15, with the Planning Institute of Jamaica (PIOJ) estimating expansion of a mere 0.1 per...
