Business

A decade or more ago, it would have been hard to find much that was tangible to write about China and the Caribbean.Today, it is difficult to know where to begin, so pervasive and economically vital has its role become in the region.

A Chevron Corp lawyer said last Friday that the company will not apolo-gise for damage that an oil company it purchased is accused of causing to Ecuador's rainforest, even though the refusal means a US$9.5 billion judgement against it will nearly double...

Mandeville businessman Michael Levy last Thursday denied that he signed on to a 55 per cent interest rate on a J$4 million loan from Eagle Commercial Bank in 1992, which ballooned into his over J$1 billion indebtedness to the Jamaica Redevelopment...

ACS E-Services has landed a new client, which it has identified only as a "global technology leader" that requires technical assistance serving their customers.The deal, details of which were not disclosed, calls for the addition of 80 workers, who will...

Venezuela's top diplomat hit back at the United States on Friday over its suggestion that President Hugo Chávez's government should allow an international investigation into alleged human-rights abuses.Foreign Minister Nicolas Maduro said the matter is...

A Mandeville businessman told the commission of enquiry into the 1990s financial sector collapse on Wednesday how a J$4-million loan from the Eagle Commercial Bank, in 1994, turned into J$1 billion of unmanageable debt in 2008.Michael Levy, who owned...

Agriculture Minister Robert Persaud has called on the European Union to fulfill the commitment made to the Guyana government, rather than commenting on the country's sugar-production target.Persaud said that a more constructive input in assisting...

Mutuals are member organisations. Membership is derived through customer relationships, such as the ownership of an account or mortgage. In Jamaica, mutuals within the financial-services landscape include some building societies...

Low-cost American footwear chain Payless ShoeSource plans to roll out 10 stores across Jamaica, creating between 70 to 100 jobs. Steve Gish, executive vice-president of Payless ShoeSource, while declining to disclose the size of the investment...

Major United States airlines are rolling back a fare increase of up to US$120 per round trip on tickets favoured by business travellers. Delta Air Lines raised the fares Monday and other major airlines went along...

With Jamaicans overseas topping up the 'Christmas money' sent home to relatives last December, remittance inflows to the island increased by 11.5 per cent for the month, pushing up the total for the 2010 year to over US$1.9 billion...

Last week I took a sample of two and reported opinions held towards the Commission of Enquiry into the Dudus-Manatt-Golding mystery. One was from my taxi driver who thought it was farce, essentially wasting money we can't afford...