Business

International lending agencies recognize the severity of the debt problem Jamaica is facing and the way it threatens the island’s capacity to grow.

The IMF is warning that weaker world growth will affect economic activity in Latin America and the Caribbean.

Americans rebounded from a weak holiday season and stepped up spending on retail goods in January.The latest government report on retail sales pointed to a slowly improving economy.

Vodafone Group PLC, the world's largest mobile phone company, said Monday it is considering a possible bid for Cable & Wireless Worldwide PLC, causing shares in the telecoms network provider to jump 27 per cent...

Boeing Company has locked in its biggest order ever with a little-known airline halfway around the world. The Chicago airplane manufacturer said on Tuesday that it has finalised an order from Indonesian carrier Lion Air for 230 planes, worth a combined US$22.4 billion....

Guardsman Group has added a 500-acre property to its leaseholdings, which is being considered primarily for further diversification of the company into aquaculture, director of finance Vinay Walia said Monday....

As Haiti continues to rebuild after the 2010 earthquake wrecked most of its infrastructure, the Haitian government has signed a contract with a French consortium, Alstom-Comelex, to restore the Péligre hydroelectric plant, the country's principal...

The United States State Department is sending a team of experts in international law to Haiti to look at ways to strengthen its beleaguered judiciary, Haitian Prime Minister Garry Conille said Monday.In an interview with The Associated Press, Conille...

February 6-10, 2012Caribbean stocks ended the week of February 10 lower, as 14,525,713 shares valued at US$6,885,420 crossed the floors of the six stock exchanges across Caricom, with 23 stocks advancing, 57 declining and 46 remaining unchanged....

Receiver Wilfred Baghaloo said Monday that a number of interested buyers have bid for the former Hedonism III hotel property in Runaway Bay.The bidding closed January 31.Baghaloo said only that the bids included international investors....

The government will not give in to the notion that Jamaica is being deindustrialised as it seeks to secure economic growth, Minister of Industry, Investment and Commerce Anthony Hylton has assured manufacturers.Hylton's comment, made during a tour...

Early reports of a telecoms agreement on inter-connection rates were doused last night after Minister Phillip Paulwell clarified that the parties had only agreed a framework on which an eventual deal could emerge....