Business

A European Union (EU)-funded banana-ripening project designed to assist small farmers in rural parishes boost the production and sale of the ripened fruit has failed to get off the ground because a market-demand study needed...

QUESTION: I am a 54-year-old Jamaican living abroad. I own an apartment in Jamaica and am currently paying a mortgage of $80,000. I rent the apartment for $50,000 and have to send the remainder to pay the mortgage. I now owe a little over J$5 million to the bank.

Finance Minister Audley Shaw has stepped up his verbal flogging of commercial banks over their failure to significantly lower lending rates.

General Motors Company said Thursday it made US$1.33 billion in the second quarter, a sign it's getting healthier as it prepares to sell stock to the public.

The central bank on Thursday remained upbeat that the Jamaican economy is on the route to recovery, saying that it could even record growth of one per cent this fiscal year.

Skype SA, the Internet calling service that was controlled until last year by eBay Inc, filed in the United States Monday for an initial public offering (IPO).Luxembourg-based Skype tentatively put the value of the offering at US$100 million, but that's...

Workers at airport operator BAA have voted in favour of strike action that could close Britain's major airports this month.Releasing details of the ballot on Thursday, the Unite union said that it will decide on Monday what action it will take to allow...

General Motors Company chief Ed Whitacre said Thursday he's stepping down as CEO on September 1, his mission accomplished as the company reported its second straight quarterly profit.Whitacre, 68, will be replaced by GM board member Daniel Akerson.

Fish farmers are hopeful that a series of meetings between them, processors and the Government will result in solutions that will help to revitalise the sector. But even before the meetings end, there are concerns that pressure from importers ...

Pointing to Jamaica's improved economic environment and the bank's strong position in the domestic market, the regional rating agency, CariCRIS, has upgraded a notch, its rating on a notional US$75 million debt issue by National Commercial Bank (NCB)....

LONDON (AP): Falling house prices and slowing retail spending are stoking fears that Britain's recovery from a deep recession is losing momentum, although the bad news was tempered ...

Impacted significantly by a strengthened Jamaican dollar that weakened, at least on the books, the value of the foreign currency assets, Mayberry Investments (MIL) reported a $10.9 million loss in the quarter to the end of June...