United States District Judge David Hittner has given the nod for a review of documents related to allegations that lawyers of disgraced financier Allen Stanford were engaged in insurance fraud.Hittner is handling the criminal case against Stanford but...
The head of Trinidad and Tobago's central bank voiced concern Tuesday about the government's deficit in this oil and gas-rich Caribbean nation.Bank Governor Ewart Williams warned that the 2010 budget projects that government spending will exceed...
Steve Bideshi has been named head of a select committee tasked with advising the new Kamla Persad-Bissesar government on how to clean up the financial mess at CL Financial and insurance group CLICO, which have been under the control of the state for 18...
SHANGHAI, China: The aroma was unmistakable. Freshly brewed Blue Mountain coffee welcomed visitors to the Jamaican booth at the Shanghai Expo, where the world has put its cities on display for six months to October 31.
Plans by the St Thomas Co-operative Credit Union Limited (STCCU) to grow its way out of the ensuing recession by setting up a subsidiary financial institution in another Caribbean territory, has been shelved on the request...
Telecommunications company Digicel is to provide $100 million of the estimated $1 billion it will cost to repair the popular Coronation Market, which was significantly damaged during gun battles between the security forces and gunmen in the west Kingston three weeks ago.
THE UNITED States Department of Transport (DOT) has extended the period that Air Jamaica can continue flying to American ports while the takeover by Caribbean Airlines Limited (CAL) is finalised.
The Antigua and Barbuda government has received its first payment from the International Monetary Fund (IMF) under a three-year US$117.8 million loan agreement approved last week.
Directors of British Sky Broadcasting said Tuesday they have rebuffed a buyout offer from Rupert Murdoch's News Corp that values the company at £12 billion (US$17.7 billion), but were willing to back a sweeter bid.
The Swiss parliament on Tuesday approved a treaty with the United States (US) that will hand thousands of files on suspected tax cheats to US authorities, but obstacles remain that could delay the deal for several more months.The government hopes the...
The Jamaican Government has ordered the Fair Trading Commission (FTC) to launch an investigation into the pricing structure of Caribbean Cement Company Limited, a day after the manufacturer announced an average 3.2 per cent increase in the cost of its...
Maurice Facey, chairman of Pan-Jamaican Investment Trust Limited, last week openly expressed his dissatisfaction over the management of listed Hardware and Lumber Limited by parent company - GraceKennedy.But the family-run Pan-Jam...
The deal to merge British Caribbean Insurance Company (BCIC) and Victoria Mutual Insurance Company (VMIC) has been finalised, with the Matalon-controlled ICD Group now owning 68.5 per...
The European union (EU) statistics agency says exports from the 16 nations that use the euro rose 18 per cent in April from a year earlier, helped by the euro's sharp fall against the US dollar and resurgent global trade.
Venezuela's Central Bank said Monday it will allow businesses to obtain up to US$4.2 million a year by trading currency through the country's bond market.
Nearly a quarter million Cuban workers are discovering there's no such thing as a free lunch.The government is dramatically expanding a programme that shuts workplace cafeterias while giving people stipends to buy food on their own.It is part of a...
Retail grocery chain Hi-Lo Food Stores will enter Portmore, St Catherine later this year, with plans to commission its first store by yearend.The GraceKennedy-owned subsidiary has not revealed the exact location of the new...
Jamaican Teas Limited, formerly Tetley Tea Company Jamaica Limited, is seeking J$98 million of equity capital when it open its offer of 29.4 million shares on Thursday, June 17.In the prospectus posted last Thursday on the Jamaica Stock Exchange...
Lawyers from one of the three firms defending R. Allen Stanford in his civil case have asked a judge to let them drop the jailed Texas financier as a client.
Venezuela's government said Monday it is taking over management of a private bank after discovering serious financial problems.The bank's owner condemned the takeover as political retribution against him and the critical TV station he helped found.
China boosted its holdings of United States Treasury debt for the second straight month as total foreign holdings of US government debt increased.That development should help ease concerns that lagging...
Farmers, now unable to produce in large volumes because of unstable markets, should soon have access to new selling points designed solely for them and targeted at small hoteliers and others in the tourism trade who need...
Taiwan and China have agreed on the structure and content for a landmark trade deal that could bring about the closest relations between the longtime rivals since their split amid civil war in 1949.
