PetroCaribe adds threeThree directors have been added to the board of the PetroCaribe Development Fund, including manager of the oil-backed fund, Sharon Webber......
Guardian Holdings Limited has wrapped up negotiations and signed off on the sale of 12.8 per cent of the company to International Finance Corporation (IFC), but needs shareholder ratification to close the deal.The vote is set for September 1 in Trinidad...
BP pumped cement into its blown-out oil well in the Gulf of Mexico on Thursday, hoping to start sealing it for good a day after it forced a slow torrent of heavy mud down the broken wellhead and pushed the crude back to its underground source.
The Treasury Depart-ment said Wednesday that it has scaled back its annual borrowing capacity by US$232 billion since April and plans further gradual cuts in coming months.
A solid gain in collections of general consumption tax, at the ports and at cash registers, boosted tax revenues back into realignment at the close of the June quarter.The first fiscal-quarter intake of taxes,...
CVM Communications Group is losing its top man, but the company seems far from perturbed and is leaving the post vacant for now.Consequently, Wayne Chen, chairman of the media company whose...
Financial Secretary Dr Wesley Hughes says charitable organisations might be spared the effects of a new government policy to freeze the granting of waivers on all imports.At the same time, Hughes, who admitted Tuesday to not being fully au fait...
A resident magistrate has sent a strong message that praedial larceny will not be tolerated by sentencing a man to 18 months' imprisonment for reaping almost the entire yam crop of a Trelawny farmer. Radcliffe Plummer...
United States (US) factory orders fell in June for the second straight month due to lower demand for steel, construction machinery and aircraft.The Commerce Department said Tuesday that factory orders dropped by 1.2 per cent to a seasonally adjusted...
BP Plc says it has agreed to sell its oil and gas exploration business in Colombia for US$1.9 billion to a consortium of Ecopetrol, Colombia's national oil company, and Talisman of Canada.The deal announced Tuesday is the latest in BP's plans to sell up...
Getting on the career fast track sounds like a great thing, doesn't it? It is, especially if you are on track to a career destination you're excited about....
The Mercosur trade bloc has reached a deal on a common customs code that should speed up and reduce the cost of commerce across South America. Argentine President Cristina Fernandez says she and six other presidents approved the regulations....
LIME Caribbean has added a new position to its corporate line up that is meant to leverage innovative thinking into new product development and sales, a job that has gone...
Effective August 4, the interest rate payable on Bank of Jamaica 30-day Certificates of Deposit will be reduced by 50 basis points to 8.5 per cent, the central bank announced Tuesday, a day after Prime Minister Bruce Golding said more rate cuts would...
The Trinidad and Tobago government said it will seek to "arrest the decline in oil and gas reserves" as the country extended the date for receiving bids for drilling in shallow waters....
Cuba says its budget deficit came in far below forecasts in the first half of 2010, evidence that tax increases and deep-spending cuts on food imports may be helping the communist government weather a severe economic crunch....
Lascelles deMercado and Company kept its cost of doing business flat in the third quarter, but falling sales, lower investment income, and rising administrative costs tore dramatically into profits...
Conglomerate GraceKennedy Limited reflected weak financial results in the second quarter to June, with net profit sliding 32.59 per cent to J$540 million, even as loss-making subsidiary...
Three companies to go public Price under consideration: J$2 to J$3.50Lasco has reshaped its operation ahead of going public, a plan, it now emerges, that has seen a group of eight affiliated limited liability companies being restructured down to four...
Historical landmark, Devon House, the Govern-ment-owned mansion, built by Jamaica's first black millionaire, George Stiebel, in 1881, is to be weaned from the State Treasury and become fully self-financing as of the 2011-12 fiscal year.
J. Wray & Nephew Limited has issued the following statement in response to an article titled "Tax, Tonic Wines challenge Red Stripe Sales", published in Wednesday Business on July 21, 2010.
Procter & Gamble Company's fourth-quarter net income fell 12 per cent, while sales rose as the maker of Tide and Pampers stepped up marketing and new product development.
Debt-ridden Mexicana de Aviacion, Mexico's largest air carrier, has filed for bankruptcy protection after failing to reach a new labour agreement with pilots and flight attendants.
St Andrew businessman, 39-year-old Steven Grant, has lost his appeal against his conviction and sentence of life imprisonment for the murder of 17-year-old Dunoon Technical High School student Kymani Bailey. He is to serve 17...
