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Published:Friday | May 13, 2011 | 12:00 AM

Patrick Hylton testified before the FINSAC Commission of Enquiry this week, laying out his involvement in the bailout operation mounted by the Jamaican Government. Hylton, as a consultant to the Government, influenced the decisions made...

Published:Friday | May 13, 2011 | 12:00 AM

The files of all debtors in financial institutions whose insolvency led to their acquisition by FINSAC during the 1990s should be opened to public scrutiny, as well as the Commission of Enquiry, to determine whether borrowers were fairly treated, Patrick Hylton has suggested....

Published:Friday | May 13, 2011 | 12:00 AM

IN A banking environment where debt defaults have been spiralling, PanCaribbean Financial Services says said it will be focusing on maintaining the quality of its portfolio as its non-performing loans climbs.In its just-released first-quarter results...

Published:Thursday | May 12, 2011 | 12:00 AM

Global insurance company American International Group Inc and the federal government are offering to sell a total of 300 million AIG shares to the public.AIG and the government did not specify a price for the shares in a regulatory filing on...

Published:Thursday | May 12, 2011 | 12:00 AM

ST CATHERINE businessman Sean Green was denied bail on Monday when he appeared in the Corporate Area Resident Magistrate's Court on charges of money laundering and conspiracy to defraud.Senior Resident Magistrate Judith Pusey has ordered him to return...

Published:Thursday | May 12, 2011 | 12:00 AM

A former Wall Street titan was convicted Wednesday of making a fortune by coaxing a crew of corporate tipsters into giving him an illegal edge on blockbuster trades in technology and other stocks — what prosecutors called the largest insider...

Published:Thursday | May 12, 2011 | 12:00 AM

TREVOR HEAVEN, president of the Jamaica Gasolene Retailers Association (JGRA), admits that there is merit to Kingston Mayor Desmond McKenzie's claim that the majority of the gas stations in the Corporate Area are operating without a trade licence....

Published:Wednesday | May 11, 2011 | 12:00 AM

Venezuela's state oil company says the failure of an air-circulation system has affected production at the South American country's largest refinery, but the problem will not affect oil shipments.

Published:Wednesday | May 11, 2011 | 12:00 AM

Cuba has made official what had been rumoured for weeks: It is legalising the sale of real estate and cars and expanding the ranks of private cooperatives that could serve as engines for the sputtering economy, among other major changes.

Published:Wednesday | May 11, 2011 | 12:00 AM

Are you thinking about getting into a brand new career? Perhaps you've run out of patience trying to get a job in the area you were trained for in university...

Published:Wednesday | May 11, 2011 | 12:00 AM

St Lucians will begin paying a value-added tax (VAT) from April 2012, irrespective of which political party wins the general elections, expected before the end of the year.Both Prime Minister Stephenson King and leader of the main opposition St Lucia...

Published:Wednesday | May 11, 2011 | 12:00 AM

Brazilian aircraft manufacturer Embraer met Monday with representatives of the regional airline LIAT hoping to sell its new Embraer E-190 aircraft for service in the region. The Embraer E-190 has a capacity of 100 seats...

Published:Wednesday | May 11, 2011 | 12:00 AM

A principal shareholder in Creditinfo Jamaica, one of the companies vying for a credit bureau licence in Jamaica, says other jurisdictions have seen as much as a 50 per cent decline in bad debts after establishing a credit bureau system.Creditinfo...

Published:Wednesday | May 11, 2011 | 12:00 AM

A US$7-billion project to dam two of the world's wildest rivers for electricity has won environmental approval Monday from a Chilean government commission despite a groundswell of opposition. The commissioners...

Published:Wednesday | May 11, 2011 | 12:00 AM

Jamaica's small leisure properties are experiencing occupancy levels as low as 25 per cent, according to industry spokesman Wayne Cummings, and will hit headwinds strong enough to derail their businesses unless income...

Published:Wednesday | May 11, 2011 | 12:00 AM

A fight over cement markets that appears headed to court in Dominican Republic has drawn the Jamaican Ministry of Industry, Investment and Commerce into likely defending home-based...

Published:Wednesday | May 11, 2011 | 12:00 AM

Patrick Hylton, who ran the Financial Sector Adjustment Company before he was recruited to head one of the banks he sold, says none of the bailed-out institutions were sold to local businesses because those expressing interest were unable to show that they had enough capital...

Published:Wednesday | May 11, 2011 | 12:00 AM

The new tip-off line for alleged or assumed tax cheats got 33 reports in its first week, Tax Administration Jamaica (TAJ) said Tuesday. The tax-cheat hotline, 1-888-292-4328, became operational May 1 and is manned by "trained agents, the tax agency said.

Published:Wednesday | May 11, 2011 | 12:00 AM

Melvin Edwards, head of the Caribbean Confederation of Credit Unions, has described the Bank of Jamaica (BOJ), the regulator to which community lenders will soon have to answer, as intractable and difficult to negotiate with, even while advising the movement...

Published:Wednesday | May 11, 2011 | 12:00 AM

Analysts from separate media houses have come to two divergent conclusions on the Honey Bun initial public offering, which aims to raise J$50.8 million of fresh capital for the pastrymaker to grow. Scotia Investments...

Published:Wednesday | May 11, 2011 | 12:00 AM

Wendy's/Arby's Inc is getting closer to selling its Arby's chain and has "several quality bidders", CEO Roland Smith said Tuesday.

Published:Wednesday | May 11, 2011 | 12:00 AM

Microsoft Corp said Tuesday that it has agreed to buy the popular Internet telephone service Skype SA for US$8.5 billion in the biggest deal in the software maker's 36-year history.

Published:Wednesday | May 11, 2011 | 12:00 AM

The Palestinians issued their first bonds on Tuesday, a new milestone in their effort to build the trappings of an independent state.

Published:Wednesday | May 11, 2011 | 12:00 AM

Toyota's global car production, disrupted by parts shortages after Japan's March 11 earthquake and tsunami, will likely return to normal two to three months earlier than expected, a report said Tuesday.

Published:Wednesday | May 11, 2011 | 12:00 AM

China reported an unexpectedly large April trade surplus, likely fuelling United States pressure over currency controls and market access as American and Chinese officials hold high-level talks in Washington.

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