Business

Finance used to be a means to an end, not an end in itself. From food and housing to family vacations, everything in our daily lives must be paid for one way or another. If we don’t have cash on hand, we turn to a lender for a credit line....

Real estate developer Gordhandas ‘Gordon’ Tewani says a third building under construction at the G-Tech Park in Portmore is now costing him more to build. The investment has spiked to $1 billion, reflecting “higher construction cost, inflation, and...

The Dominican Republic partially reopened its border with Haiti on Wednesday to limited commercial activity, nearly a month after shuttering the frontier in a continuing spat over construction of a canal targeting water from a shared river. Vendors...

Richard Serrano, a retired IRS-Criminal Investigation special agent who is currently the interim head of investigations at Citibank, says the nature of cargo movement allows age-old trade-based money laundering to proliferate, and that banks need...

JMMB Group, which operates in three Caribbean countries, has a medium-term plan to grow its remittance business sixfold. The service, executed through JMMB Money Transfer Limited, contributed $160 million profit in the financial year ended in March...

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at US$59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. Including debt, Exxon is committing...

Mexico’s president said Tuesday that he rejected a a request by the United States to set up migrant transit centres in Mexico. Neighbouring Guatemala has set up one such centre, where migrants can apply for US work and refugee visas. But Mexican...

Ringtail International Inc, an equal joint venture between Select Brands from Jamaica and Stansfeld Scott Inc of Barbados and the United States, is finalising the acquisition of Stone’s Ginger Wine, with expectations to grow the global supply...

To limit global warming to 1.5°Celsius, it is crucial to decarbonise the entire world. But pressuring emerging economies to reach net-zero emissions too quickly could lead to an explosion of dollar-denominated debt and financial volatility across...

Shellie Leon, acting CEO of the Companies Office of Jamaica, says recent amendments to the Companies Act have introduced fines which penalise companies that fail to make an annual return for beneficial owners or report changes mandated by the law....

Claudia Goldin, a Harvard University professor, was awarded the Nobel economics prize on Monday for research that helps explain why women around the world are less likely than men to work and to earn less money when they do. Fittingly, the...