Business

The Turks and Caicos Islands completed a roughly US$280 million bond sale Tuesday that officials say aims to help the British dependency tackle a fiscal crisis. The Caribbean islands' London-appointed governor said the sale "buys us the time we need ...

Venezuela is imposing a windfall profits tax on royalties from oil projects when crude prices are above US$40 a barrel, seeking to squeeze as much as US$16 billion mostly out of foreign oil companies, the government said Tuesday....

Kingston businessman, Aubrey Smith, told the FINSAC enquiry on Wednesday that he had no outstanding debt with Century National Bank (CNB) when it was taken over in 1996, but was later told he owed...

Finance Minister Audley Shaw yesterday said Jamaica would be negotiating a 24-month extension of the IMF-backed bailout programme beyond the original deadline of May 2012.Shaw offered nothing more on the issue...

The Financial Services Commission (FSC), the regulatory body for non deposit-taking institutions, said the Supreme Court has granted it a provisional bankruptcy order against securities dealer Lorreston Bailey, whose principal must now plead a case on...

With the death toll from the March 11 earthquake and tsunami in Japan rising to over 14,000 people and an additional 13,000 still missing, the Japanese government continues to count the cost of this natural disaster.Its estimate of the rebuilding costs...

Consumer confidence decreased marginally for the first quarter to March 2011 mainly due to the expectations that although there is an anticipation of growth in the economy, there will continue to be a scarcity...

Ryland Campbell, group president and the largest shareholder of the Capital and Credit Financial Group (CCFG), has confirmed that he is willing to sell or forge a strategic alliance but said the investor must "have deep pockets" and the potential...

Vendors did not have enough hands to sell as New Kingston's corporate clients and customers converged on Digicel's Go-Green Farmers' Market yesterday at the company's head office.Digicel brought vendors from Coronation Market, downtown Kingston...

As the high cost of gasolene takes a toll on politics and pocket books, United States President Barack Obama says he is calling on major oil producers such as Saudi Arabia to increase their oil supplies to help stabilise prices, warning starkly that...

Sagres Energy, the Canadian oil exploration company licensed to explore for oil in Jamaica's waters, said it has been granted a nine-month extension to finalise the survey and data collection phase of the project, and is currently seek-ing a partner to...

A trade credit insurance (TCI) facility at EXIM Bank Jamaica that provides backing for uncollected sales receipts has failed to excite small companies, only a few of which are subscribers to the accompanying loans offered...