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Business

Published:Friday | July 8, 2011 | 12:00 AM

Two weeks after the United States and other oil-importing nations took action that knocked down the price of oil to almost US$90 a barrel, it's back near US$100.

Published:Friday | July 8, 2011 | 12:00 AM

The Brazilian government says the country's next grain harvest is expected to be nearly nine per cent higher than the previous one.

Published:Friday | July 8, 2011 | 12:00 AM

The new chief of the International Monetary Fund (IMF) pledged Wednesday to diversify the global lending organisation and make it more open for developing countries...

Published:Friday | July 8, 2011 | 12:00 AM

Three more years for Hylton - Noel Hylton has been reappointed chairman of the Port Authority of Jamaica....

Published:Friday | July 8, 2011 | 12:00 AM

A new rum distillery will open in a former pharmaceutical plant in central Puerto Rico, helping to offset the loss of Captain Morgan rum from the island, economic officials said Wednesday.The Club Caribe LLC distillery is scheduled to open in early 2012...

Published:Friday | July 8, 2011 | 12:00 AM

The Bahamas government says it will end all commercial shark fishing in its waters. "The Bahamas government is determined to enhance the protection extended to sharks," said Agriculture and Marine Resources ...

Published:Friday | July 8, 2011 | 12:00 AM

Among the animal kingdom, we humans possess capacities that set us apart, that make us unique as a species. I won't dwell on the fact that unlike say, the lion's pride, seal or raptor that kill for food and survival...

Published:Friday | July 8, 2011 | 12:00 AM

Digicel Group and America Movil have passed the deadline for closing the deal to swap assets in Jamaica and Central America...

Published:Friday | July 8, 2011 | 12:00 AM

There is an urgent need for more information to guide managerial decision-making on how to breathe fresh life into a commercial entity for recovery from profit decline.During 2010, most of the firms listed on the Jamaica Stock Exchange (JSE) reported...

Published:Friday | July 8, 2011 | 12:00 AM

Patrick Hylton, group managing director of National Commercial Bank Jamaica, denied any connection between the sale of the bank to Jamaican-Canadian investor Michael Lee-Chin's AIC Limited, and his position as NCB's current boss, at Wednesday's sitting...

Published:Friday | July 8, 2011 | 12:00 AM

Jamaica Money Market Brokers (JMMB) and Capital & Credit Financial Group (CCFG) are in talks about the full or partial acquisition of its merchant bank, three independent sources indicate.An executive at JMMB intimate with the negotiations...

Published:Friday | July 8, 2011 | 12:00 AM

China Harbour Engineering Company (CHEC) has reached an agreement with the Cayman government for the construction of two cruise ship piers and repairs to a jetty and landing facility to accommodate mega-cruise liners calling at Grand Cayman....

Published:Friday | July 8, 2011 | 12:00 AM

Regional think tank, the Caribbean Policy Research Institute (CaPRI), has given a favourable rating to the broad tax reform plan tabled in a Green Paper by finance minister Audley...

Published:Friday | July 8, 2011 | 12:00 AM

A government plan to ease taxes on imports continues to get pushback from businesses, which see the move as regressive and likely to hurt domestic manufacturing. This week the latest pushback is from Peter McConnell, who runs one of Jamaica's largest juice companies...

Published:Friday | July 8, 2011 | 12:00 AM

Korea East-West Power (KEP), the new partner in Jamaica Public Service Company (JPS), is serious about investing in new generating capacity, says president and CEO of JPS, Damian...

Published:Friday | July 8, 2011 | 12:00 AM

Dr Karl Blythe, a former minister of water and housing, is to appear at the FINSAC enquiry next week, commission chairman Worrick Bogle confirmed Tuesday. The exact date is to be finalised....

Published:Friday | July 8, 2011 | 12:00 AM

Marcella Scarlett, Business Reporter Petrojam Limited is shelling out an additional J$361 million for repair work on its shipping dock that was damaged two years ago in a freak accident, pushing the cost of the project funded by taxpayers to just under...

Published:Thursday | July 7, 2011 | 12:00 AM

THE FIRST wave of shock and news-making about the Japanese nuclear disaster at Fukushima Daiichi, of March, 2011, has waned somewhat, but the effects will live on in the human psyche for a very long time....

Published:Thursday | July 7, 2011 | 12:00 AM

DR KENNETH Thaxter was installed as the new president of the Rotary Club of Mandeville during a ceremony in the parish last Thursday.Besides being a long-serving Rotarian, Thaxter is also an ordained minister in the Anglican Church...

Published:Wednesday | July 6, 2011 | 12:00 AM

Dr Derrick Deslandes, marketing consultant with the agriculture ministry, says the push to develop a local juice-concentrate market to replace imports has been stymied by the cost of machinery needed to process fresh juice...

Published:Wednesday | July 6, 2011 | 12:00 AM

Caribbean governments have brushed aside calls by hoteliers and other stakeholders that heavy taxes were contributing to the demise of the industry in the region.A delegation from the Caribbean Hotel and Tourism Association (CHTA) had sought an audience...

Published:Wednesday | July 6, 2011 | 12:00 AM

The Belize government has moved to reacquire Belize Telemdia Limited (BTL), more than a week after the Court of Appeal had termed the first nationalisation process unconstitutional.On Monday, Prime Minister Dean Barrow introduced a bill to amend the...

Published:Wednesday | July 6, 2011 | 12:00 AM

President Hugo Chávez returned to Venezuela from Cuba on Monday morning, stepping off a plane hours before dawn and declaring that he feels "fine" as he recovers from surgery that removed a cancerous tumour.

Published:Wednesday | July 6, 2011 | 12:00 AM

The Western Union Company said Tuesday it has agreed to acquire Travelex Global Business Payments for about US$973.8 million in cash, in a deal that will allow it to expand rapidly in the business of international payment processing.The Travelex...

Published:Wednesday | July 6, 2011 | 12:00 AM

There were solid gains on the Junior Market and moderate gains for financials as Caribbean stocks end the week of June 27 to July 1 higher.

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