OPEC unexpectedly left its production levels unchanged on Wednesday, causing oil prices to jump, as senior officials said their meeting ended in disarray - a stunning admission for an organisation that places a premium on consensus decision making....
The Grenada government says shortfalls in revenue are preventing it from meeting its budgetary allocations to the Board of Tourism and airlines. The Tillman Thomas administration, responding to concerns raised by the Grenada Hotel...
Former Brazilian President Luiz Inacio Lula da Silva has toured a Cuban port that is undergoing a multimillion-dollar overhaul to become a base for industry and oil operations in the Gulf of Mexico.
Regional carrier LIAT said Monday it was confident that trade unions would work with the company to effect the planned closure of city ticketing offices, or CTOs, by the end of June.LIAT's corporate...
On Sunday, May 29, Ian Boyne in his Gleaner column titled 'False Prophets, True Freedom' reported that Michael Lewis, the disgraced doomsday prophet is now out of a job....
The Grenada government is set to reopen bidding on a multimillion-dollar road project after failing to reach an agreement with a Kuwaiti-based construction company.Finance Minister Nazim Burke said the way has now been cleared following a letter from...
Guyana will assume the role of co-chair, along with Germany, to the Interim Reduced Emissions from Deforestation and Forest Degradation or REDD+ Partnership on July 1.The REDD+ Partnership is an interim initiative for partnership among countries to...
After a spate of discouraging economic reports, US President Barack Obama insisted Tuesday he is not afraid of the country slipping into a double-dip recession.But at the same time he displayed some impatience that the pace of the recovery has "got to...
AAMM, one of the smaller players in the local credit-union sector,, amended its operational bond in May to widen criteria for membership in a search for new savers."It's about growth and expansion," said AAMM general...
Stocks ended the week of May 30 to June 3 slightly higher as 28,839,433 shares, valued at $6,097,459, crossed the floors of the six stock exchanges across the Caribbean Community, with 29 stocks advancing, 49 declining and 43 remaining unchanged....
A growth stock is the stock of a company that generates substantial and sustainable positive cash flow and whose revenues and earnings are expected to increase at a faster rate than the average company within the same industry.A growth company typically...
Christopher Zacca, chairman of the LNG Steering Committee, defended his plan on Tuesday to hang on to liquefied natural gas (LNG) project manager Ernest Megginson at a proposed annual salary of US$426,000 (J$36 million), even as sources say Cabinet...
Sales revenue at Rapid True Value in Lane Plaza jumped 20 per cent after its makeover and relaunch last year, an early sign of success for the chain's ongoing remodelling programme on which operating company Hardware and Lumber...
Scotiabank Jamaica has struck a five-year partnership with doctors, a deal conservatively estimated by bank sources to be worth between J$1.5 billion to J$2 billion.The agreement allows the Medical Association of Jamaica's...
Jamaicans with unserviced loans over three months totalled a record J$25.6 billion at March this year, or 32.6 per cent higher over year earlier levels, newly released Bank of Jamaica (BOJ) data indicates.The rise in these non-performing loans (NPLs)...
A mobile money provider based in Dallas, Texas, has set up shop in Jamaica, staking claim in a remittance recipient market worth US$1.9-US$2 billion annually. Mozido Jamaica Limited will operate from office space leased from Lasco Financial Services ...
UNITED STATES Federal Reserve Chairman Ben Bernanke noted Tuesday that the job market and the economy have weakened in recent weeks.But he said the main reasons are higher gas prices and the Japan crises - factors that should ease in coming months...
An employee who has been singled out as a member of Bernard Madoff's "inner circle" pleaded guilty on Monday to charges that he doctored documents to fool auditors, faked payroll records and obtained a loan by inflating the value of his personal...
Oil fell below US$100 a barrel Monday as investors and economists await a key OPEC meeting this week and the government's outlook on US supply and demand.Benchmark West Texas Inter-mediate for July delivery lost 86 cents at US$99.36 per barrel ...
Duane Ellis, general manager of the Jamaica Automobile Association (JAA) says this month's Autofest auto fair promises to be more than an auto clinic, as it will deal with "Everything Auto"...
GRACE ALLEN, manager of Walker's Place of Safety in Kingston has hailed NEM Insurance Company for its contribution to the home."Our relationship with NEM has made a whole lot of difference to us," says Grace Allen, manager of the home...
The world is now facing numerous problems including corruption, but the root of it is greed. But we cannot correct a situation without identifying the root. It can be excessive desires for food, wealth, sex, fame or power. Mankind will do anything to acquire...
