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Business

Published:Friday | August 12, 2011 | 12:00 AM

Wall Street's recent gloom is laying waste to the hopes of companies planning to raise money from investors.

Published:Friday | August 12, 2011 | 12:00 AM

Wall Street's wildest week since 2008 continued with another 300-point move for the Dow on Thursday at midday.

Published:Friday | August 12, 2011 | 12:00 AM

Venezuela's state-run oil holding company Petróleos de Venezuela (PDVSA) says oil exports to the Caribbean and Central America last year has been sagging alongside output.PDVSA said there was a 1.4 per cent drop in its output, as well as "weaker...

Published:Friday | August 12, 2011 | 12:00 AM

Trade union leaders, who are mobilising to stage a nation-wide strike "any day" has dismissed a warning from the governor of the Central Bank, Ewart Williams, that the industrial action could further hurt the economy of the oil-producing country."...

Published:Friday | August 12, 2011 | 12:00 AM

Chong takes over distribution - Annie Chong, regional sales manager at Honey Bun (1982) Limited, has been given temporary responsibility for sales and distribution, following the departure of Distribution Manager Brent Sexton, who resigned effective July...

Published:Friday | August 12, 2011 | 12:00 AM

LIME Jamaica and the trade unions representing its staff have signed a three-year agreement aimed at "increased productivity and better working relations".

Published:Friday | August 12, 2011 | 12:00 AM

The dramatic increase in bad debts on National Commercial Bank of Jamaica's (NCB) books in the June quarter was due to default on "one large loan", the bank has said.NCB did not name the client, but three weeks ago it placed Palmyra Resort and Spa...

Published:Friday | August 12, 2011 | 12:00 AM

Factories Corporation of Jamaica (FCJ) would prefer to lease or sell its empty factories to manufacturers or call centre operators, but investors are not biting...

Published:Friday | August 12, 2011 | 12:00 AM

Black Sand Acquisition Inc will terminate Port-of-Spain appointee Fraser Thornton as the boss of Lascelles deMercado, if its bid is successful.But the new investors, led by William...

Published:Friday | August 12, 2011 | 12:00 AM

Trading on major financial markets around the world continue to be marked by wild oscillations following the downgrade of United States' long-term debt. Reactions to the downgrade by Standard & Poor's were reinforced by evidence that global...

Published:Friday | August 12, 2011 | 12:00 AM

NCB Capital Market's investment in Jamaica Money Market Brokers (JMMB) has grown by close to half-billion dollars over three days, or at a rate of more than J$164 million per day as the market snapped up the JMMB stock, driven by a new wave of confidence...

Published:Friday | August 12, 2011 | 12:00 AM

On Friday, August 5, while most of Barbados was partying with Rihanna, there was a loud bang, and the financial world was shaken to the core with the news that major credit ratings agency Standard...

Published:Friday | August 12, 2011 | 12:00 AM

Tax experts on Wednesday voiced concerns about the recently tabled Green Paper on tax reform, chief among them the potential impact on low-income earners."The reform is shifting tax to persons in society less able ...

Published:Friday | August 12, 2011 | 12:00 AM

The Jamaican appeals court has reversed a decision against Pricewater-houseCoopers Jamaica (PwC) that clears the auditing/ consultancy firm of negligence for advice given to Caribbean Steel Company Limited, which ended up costing the latter millions of dollars...

Published:Friday | August 12, 2011 | 12:00 AM

A Jamaica Money Market Brokers Limited (JMMB) and Capital and Credit Financial Group (CCFG) combination would create a new powerhouse of 180,000 clients and J$180 billion of assets under management, and give the Duncan...

Published:Thursday | August 11, 2011 | 12:00 AM

Stocks plunged again Wednesday as investors turned their attention back to the weak economy and Europe's debt problems. More than half of the big gains that followed a US Federal Reserve pledge to extend super-low interest rates vanished...

Published:Thursday | August 11, 2011 | 12:00 AM

JOSEPH MATALON, president of the Private Sector Organisation of Jamaica (PSOJ), has disagreed with Opposition Leader Portia Simpson Miller on the ineffectiveness of Finance Minister Audley Shaw's address to the nation...

Published:Thursday | August 11, 2011 | 12:00 AM

Jamaica Money Market Brokers Limited (JMMB) and Capital & Credit Financial Group Limited (CCFG) yesterday said they have been in dialogue in connection with JMMB's interest in making an offer to acquire up to 100 per cent of the issued share...

Published:Wednesday | August 10, 2011 | 12:00 AM

THE FEAR that has gripped Europe's sovereign debt market for months took root in its stock markets as investors increasingly worried on Tuesday about uncertain growth prospects for some of the continent's biggest companies.Spain and Italy watched their...

Published:Wednesday | August 10, 2011 | 12:00 AM

World demand for oil will grow this year and next despite signs that the tepid international economic recovery is running out of steam, OPEC said Tuesday.While revising demand growth downward for both years, OPEC's monthly forecast predicted...

Published:Wednesday | August 10, 2011 | 12:00 AM

American International Group Inc said Monday it sued Bank of America Corp for more than US$10 billion, saying the bank cheated it by selling residential mortgage-backed securities that were overvalued.Bank of America denied the allegations, saying AIG...

Published:Wednesday | August 10, 2011 | 12:00 AM

Shares of Transatlantic Holdings jumped more than three per cent Tuesday after the insurer rejected a US$3.25 billion takeover bid from a unit of Warren Buffett's Berkshire Hathaway Inc but agreed to talks with the company.Transatlantic said late Monday...

Published:Wednesday | August 10, 2011 | 12:00 AM

This week, we take a break from our investing principles series to take a look at credit ratings. We think this is timely, given the debate around the downgrade of the United States' long-term credit rating.

Published:Wednesday | August 10, 2011 | 12:00 AM

The dollar slid against the world's favourite safe haven currencies, the Japanese yen and the Swiss franc, after the US Federal Reserve said it would keep interest rates at their current record low for at least two more years to support the weakening...

Published:Wednesday | August 10, 2011 | 12:00 AM

The US Federal Reserve sketched a dim outlook for the American economy Tuesday, suggesting it will remain weak for two more years. As a result, the Fed said it expects to keep its key interest rate near zero through mid-2013...

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