Business

The issue of write-offs for some FINSAC debtors, while other requests were ignored, was raised again at the enquiry. In his first appearance before the enquiry in mid-July, former Minister of Water and Housing Dr Karl Blythe has insisted...

Telecom provider LIME's young executives promised heckling geriatric shareholders new products, including cable TV service, by December but remained silent on profits and dividends at its annual general meeting on Wednesday....

John Mahfood, chief executive officer of Jamaica Teas Limited, said discussions are now ongoing for the acquisition of a local manufacturing company that he declined to name but said was compatible with his current business....

National Commercial Bank says it expects to make no losses on the Palmyra financing deal that it arranged more than three years ago, saying that the loans were backed by "more than enough" security and that there were other parties to the debenture....

Labour leaders were gearing for a possible nationwide strike after talks with Trinidad's Prime Minister Kamla Persad-Bissessar ended on Tuesday evening without a resolution on the five per cent wage cap for public workers in Trinidad and Tobago....

Billionaire investor George Soros is closing his hedge fund to outside investors, and plans to return US$750 million to clients. That's according to a letter obtained by The Associated Press....

Americans' confidence in the economy continues its roller-coaster ride.As their short-term outlook on jobs and income eased somewhat, US consumers' confidence rose slightly in July, according to a monthly survey out on Tuesday, but confidence levels...

Dr Karl Blythe is contending that the government had agreed to repay a multimillion-dollar loan granted to the Central Westmoreland Trust (CWT), of which he was a director, but FINSAC Limited has questioned the legitimacy of the agreement signed by a...

Market leader Jamaica National Building Society (JNBS) has introduced new mortgage products, one of which it says is intended to reward savers with the first single-digit rate from a private mortgage lender.The new offer will allow existing mortgagors...

Foreign Direct Investment (FDI) into Jamaica declined by a striking 62 per cent in one year to US$201 million in 2010, according to the World Investment Report 2011 released yesterday by the United Nations Conference on Trade and Development...

The CLICO Policyholders Group (CPG) says it is encouraged by the ruling of the Trinidad high court last week that ordered the financially troubled Colonial Life Insurance Company (CLICO) to repay about TT$60 million (US$10 million) to six policy...

Jamaica's sovereign bond rating will remain stable at 'B3', or three grades from default, provided there are no external shocks, says Moody's Investors Services....