Business

Alcoa Inc opened the earnings season with a narrower first-quarter loss as demand for some aluminum products picked up from a year ago and prices rose. For the quarter that ended March 31, Alcoa, controlling partner in the Jamalco Refinery at Clarendon...

Argentina says it will file a court appeal after a United States federal judge ruled a week ago that bondholders can seize US$105 million in Argentine central bank deposits held in the United States....

Cemex has backtracked on its plan to sell off its 20 per cent holdings in Trinidad Cement Limited, having successfully rescheduled its debts. Sierra Trading, the vehicle used by the Mexican company for its holdings in TCL...

It is evident that across the globe, nations are experiencing increasingly, extreme weather conditions.In the Caribbean, this is now taking the form of a prolonged drought, not just in...

There is no uptick just yet in consumer confidence in Jamaica despite signs elsewhere in the world that the worst manifestations of the global economic crisis are beginning to recede, the quarterly consumer and business confidence survey has...

A Top CARICOM trade official is strongly defending the 2008 Economic Partnership Agreement (EPA) with the European Union amid recent suggestions that the agreement is not worth the paper it is written on. "I don't know if anyone can really say with any...

Microsoft Corp unveiled two cellphones Monday that are meant for social networking-savvy teens and 20-somethings in an attempt to revitalise its mobile business and regain ground on iPhones and BlackBerrys. Microsoft said its new touch-screen phones...

In Jamaica, we seem to continue to flout the law as it relates to child labour, despite the fact that the nation has ratified the Minimum Age Convention of 1973, adopted by the International Labour Organisation....

The stock market closed at a new 18-month high Friday, with the Dow Jones industrial average briefly touching 11,000 before retreating slightly.The gains were driven by fresh signs that the economy continues to recover and suggests that investors don't...

The Government has so far kept its promise of no new taxes in the FY2010-11 budget presentation.

Audley Shaw, minister of finance and the public service, opened the 2010-11 Budget Debate Thursday on a sombre note stating that the previous fiscal year had been difficult and that the Government had to take "serious and tough measures to secure the...