Business

Venezuelan President Hugo Chávez revealed that he is fighting cancer after having a tumour removed in Cuba, raising uncertainty about Venezuela's political future even as he assured his country he expects to fully recover.

American farmers have planted the second-largest corn crop in nearly seven decades.The US Agriculture Department said Thursday that the size of this year's corn crop will be 92.3 million acres.The only crop larger in the past 67 years was planted...

The Lasco affiliated companies made their junior market debut only last year, but one of the principal actors in the group has announced that he is moving on - sort of.Anthony Chang, managing director of Lasco Distributors Limited, will demit office...

Expectedly, for all but dreamers, naive Third World cohorts if you will, the International Monetary Fund board named Christine Lagarde managing director. Pleasantly smiling in Paris' National Assembly on Tuesday, she accepted congratulatory greetings...

The AMG public offering of shares was oversubscribed by close to four times the $57.8 million target within half an hour, lead broker and financial advisor Stocks and Securities Limited said Wednesday.The broker received 300 applications totalling some...

An international team of consultants has recommended that Jamaica pursue, as a top priority, changing the main fuel for generating electricity to liquefied natural gas (LNG) or coal, saying it would result...

Jamaica's crime rate has stymied growth by five to seven per cent, making it the single largest impediment to boosting the economy, according to International Monetary Fund (IMF) Senior Resident Representative Dr Gene Leon. But, concurring with a recent...

Regarding your article of June 26, 2011, titled 'UDC's J$1,200 mortgage plan: Developer begins clean up of downtown housing rot', this is a great start to an idea which will have far-reaching...

Greece approved more austerity measures needed to avert default next month, in a vote Wednesday that calmed markets but triggered a second day of riots that left dozens injured and the capital blanketed with tear gas. The passage of the bill...

Financial economists tend to analyse investors' approach to risk by categorising investors into three types - risk neutral, risk loving and risk averse.A risk-neutral investor looks only at the expected return on an investment and does not explicitly...

French Finance Minister Christine Lagarde has been chosen to lead the International Monetary Fund (IMF).She will become the first female managing director of the global lending organisation.

National Commercial Bank has chosen Wall Street over Toronto to raise US$175 million of equity capital.The bank's initial public offering has not yet been priced.Requests for comment on the choice of the New York Stock Exchange for the cross-listing...