Spain's government will effectively nationalise the nation's fourth-largest bank to shore up the hurting banking sector and try to convince investors the country doesn't need a bailout like those taken by Greece, Ireland and Portugal, the Economy...
Sagicor Life Jamaica maintained its growth trajectory in the first quarter, after a stellar year of record profits. The insurance group reported higher net profit of J$1.5 billion in the March quarter...
The United States, in partnership with the Inter-American Development Bank, has launched a business plan competition for the Caribbean, aimed at promoting jobs and economic growth...
A railroad upgrade project in Cuba has trains travelling faster and that means more danger for careless motorists and pedestrians, authorities said Monday, reporting 33 collisions involving cars and 47 pedestrians hit last year.An article in labour...
Last week's column suffered the misfortune of headline suggestive tyranny. There was no attempt to sensationalise anything about Canadian banks' fortunes during the financial crisis. This column suggests a title but Financial Gleaner editors decide....
The Financial Services Commission (FSC) has petitioned the Supreme Court to wind up operations of securities and fund management outfit, Intertrade Finance...
The National Environment and Planning Agency has issued an ultimatum to the sugar industry to stop burning sugar cane by 2014, but sugar interests say if they accede it will wind up costing them more to farm cane...
Green Grotto Caves and Attractions has become the first tourist attraction in Jamaica to receive platinum certification from Earthcheck for environmental best practices
O.K. Francis has a knack for business. There's no doubt about that. With a whole lot of hard work, a good deal of common sense and just a hint of luck, Francis, today, sits atop an enterprise that is as diverse as his interests are varied...
A new report released by the Center for Economic and Policy Research (CEPR) is warning Jamaica that its fragile economic recovery will be dangerously hampered by demands by the International Monetary Fund (IMF) and other donors."Pro-cyclical...
Butterfield Bank has agreed to sell its Barbados subsidiary to First Citizens Bank Limited of Trinidad & Tobago, in a deal worth around US$45 million. Butterfield is based in Bermuda. It is the oldest and second-largest bank in its home market...
Mexico's America Movil, Latin America's largest cellphone carrier, announced a public offer Tuesday to acquire an additional 23.2 per cent of Dutch carrier Royal KPN NV in a deal worth as much as €2.6 billion (US$3.4 billion)...
A dramatic rise in the oil bill alongside flat tourism inflows caused Jamaica's current account deficit to more than double last year.The trade gap with overseas partners also yawned wider at the end of 2011, with imports of goods valued at US$5.9...
Air Jamaica continues to bleed red ink under new ownership, and was among the biggest drags on Caribbean Airlines Limited's (CAL) bottom line in 2011. Still, Air Jamaica's US$38 million loss was a 75 per cent improvement...
The Wendy's Company on Tuesday reported a first-quarter profit that missed Wall Street expectations and cut its forecast for the year as the hamburger chain struggled in its revival efforts amid higher costs for fresh beef and weaker-than-expected...
Regulators have voted to rescind a record US$1-billion fine imposed against the Mexican cellphone company owned by the world's richest man, Carlos Slim, in exchange for a series of concessions meant to ease the company's lock on the national market....
Portfolio minister Anthony Hylton acknowledges that Jamaica has no way of stopping contaminated vehicles or other goods from entering through the ports, but says he sees little need to spend money on expensive systems...
April 30-May 4, 2012 - Despite gains on Manufacturing and Junior Marketstocks, losses on Conglomerate, Banking and Insurance & Investments stocks saw the major Caribbean indices end the week lower...
A new report is proposing that the central bank require providers of mobile money services to do business through the banking system, to ensure there is no gap in the financial regulatory structure once the market takes...
The Port Authority of Jamaica (PAJ) has identified private-sector partners for two massive projects - one of which is at the centre of a dispute with the overseer of public contracts - but says it is too early to supply details on what the ventures entail....
Transport Minister Devant Maharaj says Trinidad & Tobago taxpayers "have been paying for the luxury of Jamaicans flying at a fuel subsidy" as controversy continues over the finances...
Barbados Prime Minister Freundel Stuart says his administration has not turned its back on the cash-strapped low budget carrier, REDjet, that halted its services to regional passengers in March.Speaking at a public meeting of his ruling Democratic...
