Business

SUMMERFIELD, Clarendon: WHEN I was a child, there was a huge fever-grass clump in our yard in St James. I recall putting bottles of water in the heart of the clump to keep them cool. I also loved the flavourful hot drink made of it....

Guyana's central bank says the country's economy grew by nearly six per cent for the first half of 2011 due to improved production of gold, rice, and sugar.In a report on Monday, the central bank said the local economy benefited from surging gold prices...

Citibank NA and its subsidiary Citifinance Limited have relocated from New Kingston to leased offices at the corner of Hillcrest Avenue and Hope Road. The corporate bank will operate from a newly built 30,000-square...

Jamaica's top economic planner says there has never been a better time for businesses to invest."Many of the top business persons that I have spoken to, now tell me that the environment for doing business in Jamaica has never been better," Dr Gladstone...

The Whitters have placed close to a near thousand-acre property on the market worth more than a billion dollars saying the asset has been sitting idle on its books for a decade.Orange River Ranch, a 998-acre secluded mountain and river valley property...

Jamaica's manufacturers say the current tax-reform proposals as crafted will dissuade billions of dollars in investments and could be a job killer.President of the Jamaica Manufacturers Association, Brian Pengelley, while declaring support...

Jamaica scored its lowest ever global competitiveness ranking, slipping 12 spots to 107 at the same time it attained the dubious title as the world's worst macroeconomy, according to the annual competitiveness index released Wednesday by the World Economic Forum....

The United States economy will likely limp along with slow growth and high unemployment but avoid a recession, World Bank President Robert Zoellick said Tuesday. Europe's government debt crisis threatens to undermine the confidence of consumers ...

FINANCIAL SECRETARY Dr Wesley Hughes has defended the Government's decision not to have included a provision in the original Budget for the payment of salary increases to public-sector workers.Hughes said the 2011-2012 Budget was predicated on a wage...

Starbucks Corp, the world's largest coffee retailer, plans to triple its coffee shops in China during the next four years and step up expansion elsewhere in Asia, an executive said Tuesday.

Authorities in Trinidad and Tobago have extended a state of emergency by three months, citing continued security concerns since the measure was first imposed last month to dismantle gangs and decrease crime.

Sunoco Inc said Tuesday it's getting out of the refining business.