Business

Jamaica took another step Thursday towards the divestment of its second-largest airport, with the signing of an agreement that commits IDB funding of US$500,000 for the preparatory stage of the privatisation process. The Norman Manley International...

The Finance ministry's plan to reacquire some of its bonds and pursue a series of interest rate swaps are merely management tools and are not to be read as a plan for a second-round restructuring of Jamaica's...

A Washington think tank is criticising the IMF for putting Jamaica in a 'straitjacket' and insists that the debt restructuring completed last year has not done enough to halt the country's debt trajectory.What the country needed, it said, was "debt...

Boeing will deliver its first 787 jet in third-quarter 2011 and roll out two of the long-delayed new planes each month after that, a company executive said Tuesday in the Chilean capital. Latin America is an important market for Boeing...

The city attorney sued Deutsche Bank on Wednesday, claiming the giant international lender illegally evicted tenants from foreclosed properties and left dozens of homes and apartments to rot, many in low-income neighbourhoods. The suit, filed in Los...

Commodities giant Glencore International PLC said Wednesday that its partial share float later this month could value the company at US$61 billion, making it one of the biggest initial public offerings in recent years.The Swiss-based company aims...

Honda Motor Company warned dealers Monday that it will run short of popular models such as the Civic compact later this summer because of parts shortages caused by Japan's earthquake....

The federal government sued Deutsche Bank on Tuesday, saying the bank committed fraud and padded its pockets with undeserved income as it repeatedly lied in order to join a government programme that insured mortgages.The lawsuit in US District Court in...

Jacqueline Coke-Lloyd, managing director of Make Your Mark ...

For the week ended April 29, some 13,784,718 shares valued at $3,596,213 crossed the floors of the six stock exchanges across Caricom, with 28 stocks advancing, eight declining and 85 remaining unchanged.Cable and Wireless Jamaica was the volume leader...

The Inter-American Development Bank (IDB) Monday released a study about the potential impact of rising food prices in Latin America and the Caribbean, and urged governments to protect the poor.The study also warns of exchange rate appreciation resulting...

Oil and gas explorer Sagres Energy Inc said early indicators suggest that its Apoteri K-2 well in Guyana holds little promise for commercial extraction of fossils and would be abandoned.The Canadian company drilled to a depth of 9,812 feet at the K-2...