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Business

Published:Thursday | January 27, 2011 | 12:00 AM

Toyota recalled nearly 1.7 million cars worldwide Wednesday for fuel leaks, the latest in a ballooning number of quality problems that could add another dent to its tarnished reputation in the crucial United States market....

Published:Thursday | January 27, 2011 | 12:00 AM

CAR DEALER Toyota Jamaica is to contribute a portion of its sales to Jamaica's agricultural sector.A memorandum of understanding was signed between Toyota Jamaica's Managing Director John Connell and Agriculture Minister Dr Christopher Tufton...

Published:Wednesday | January 26, 2011 | 12:00 AM

Moody's analysts expect to keep raising the sovereign debt ratings of Latin American and Caribbean countries in 2011.

Published:Wednesday | January 26, 2011 | 12:00 AM

Paraguay's international reserves hit record highs late last year, nearly twice the national debt, thanks to higher commodity prices and the ripple effects from the United States Federal Reserve's US$600 billion bond-buying spree, the country's central bank said Monday.

Published:Wednesday | January 26, 2011 | 12:00 AM

Europe and the United States have failed to strengthen the institutions responsible for the global economic crisis, the IMF indicated Tuesday in a report suggesting the United States privatise mortgage giants Freddie Mac and Fannie Mae.In the eurozone,...

Published:Wednesday | January 26, 2011 | 12:00 AM

The United States says it plans to announce a new amnesty programme aimed at encouraging wealthy Americans with hidden offshore bank accounts in the Caribbean to come forward, declare the funds and pay the necessary taxes.Internal Revenue Service...

Published:Wednesday | January 26, 2011 | 12:00 AM

An unexpected contraction in the British economy shocked investors on Tuesday, prompting a sharp drop in the pound and reigniting debate about the government's plans to slash spending and raise taxes to reduce public...

Published:Wednesday | January 26, 2011 | 12:00 AM

Prime Minister Tillman Thomas has confirmed that he was searched by American Airlines officials at Grenada's Maurice Bishop International Airport (MBIA) before embarking on an official overseas trip.Thomas broke his silence on the issue after the local...

Published:Wednesday | January 26, 2011 | 12:00 AM

Kingston Industrial Garage Limited (KIG) said Thursday that enduring and increasing demand for cars and services under its Ford marquee is leading the company to consider setting up shop in Montego Bay."Kingston is our main location...

Published:Wednesday | January 26, 2011 | 12:00 AM

Stock markets in Caricom got off to a slow start in 2011.The Caribbean All Share Index (CASX), which tracks the returns of all listed common shares in Caricom, posted a slight gain of 0.18 points in the first two weeks of trading, while the CSX 30,...

Published:Wednesday | January 26, 2011 | 12:00 AM

In a case which, if it loses, could mean the Jamaica government refunding billions of dollars to importers, Joey Issa's Cool Petroleum is claiming that a five per cent "customs user fee" charged at the island's ports to be unconstitutional...

Published:Wednesday | January 26, 2011 | 12:00 AM

Prospective bidders on Friday complained that two months before the close of tender for the supply of 480 megawatts of new generating capacity to the national grid, they are yet to be provided with the indicative price at which liquefied natural gas...

Published:Wednesday | January 26, 2011 | 12:00 AM

The outgoing president of the Barbados-based Caribbean Development Bank (CDB) has advised regional countries against premature expectations related to what is being recognised as moderate economic...

Published:Wednesday | January 26, 2011 | 12:00 AM

Jamaica on Tuesday received a grant of €28.87 million (J$3.37b) from the European Union (EU) for budgetary support, funds that Finance Minister Audley Shaw said will help to pay down the country's debt, finance growth programmes, and bolster...

Published:Wednesday | January 26, 2011 | 12:00 AM

The monopoly light and power distributer, Jamaica Public Service (JPS), has said it is planning to spend another US$61 million (J$5.2b) to further rehabilitate and modernise its transmission system, the goal being a reduction in power cuts.The company...

Published:Tuesday | January 25, 2011 | 12:00 AM

The European Central Bank (ECB) spent far less money propping up the bond markets in Europe's more indebted countries last week, figures showed Monday, reinforcing a growing view in the markets that the government debt crisis may be stabilising....

Published:Tuesday | January 25, 2011 | 12:00 AM

Toyota Motor Corp sold 8.42 million vehicles globally in 2010, narrowly remaining the world's top automaker ahead of General Motors amid recall woes in the key North American market. GM also released a new tally Monday for its global 2010 sales, at 8.39...

Published:Monday | January 24, 2011 | 12:00 AM

Doing business of any kind in this area, whether on a personal or national level, carries with it a great deal of uncertainty.The question then becomes, 'Who do I trust?' Different persons say different things, depending...

Published:Monday | January 24, 2011 | 12:00 AM

Jamaica's economic woes are a direct result of the lack of commitment on the part of successive governments and the private sector over the years.That's the view of business-woman Doreen Frankson, who has accused...

Published:Sunday | January 23, 2011 | 12:00 AM

Although the Caribbean is making headway in arguing its case for a change in the level at which the United Kingdom's Air Passenger Duty (APD) is charged, the issue still has some way to go politically.As matters now stand, it appears that the British...

Published:Sunday | January 23, 2011 | 12:00 AM

Touting the opening of the convention centre in Montego Bay as the first step towards tapping into faith travellers on a larger scale, the Ministry of Tourism says it it is taking a more structured approach to scoring business from the market segment.

Published:Sunday | January 23, 2011 | 12:00 AM

The Editor:There are two factual errors in the news story 'NEM looks to Property Market to Counter Motor -Insurance Decline', which was published in the business section of The Gleaner, on Wednesday, January 19, 2010.First, the news story implied that...

Published:Sunday | January 23, 2011 | 12:00 AM

I was employed, but my position was made redundant almost a year ago when the company closed.

Published:Sunday | January 23, 2011 | 12:00 AM

1 Minister of Works and Transport of Trinidad and Tobago Jack Warner (left) and Caribbean Airlines Chairman George Michael Nicholas III visit with students of the Windward Road Primary and Junior High School in Kingston on January 14.

Published:Sunday | January 23, 2011 | 12:00 AM

Question: I am a 32-year-old woman. I work with a teaching institution. My Toyota Corolla was stolen last October. It was fitted with an alarm system and kill switch. My insurers paid the claim after two months of intensive investigations. I received $700,000 after repaying the loan and the 10 per cent excess was deducted.

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