Business

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

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."...

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

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...

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...

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...

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...

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...

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...

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...

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...

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...