Business

Honda is recalling a half-million vehicles in the United States and Canada because the front seat belts may not latch properly. The recall covers some of the the automaker’s top-selling models including the 2017 through 2020 CR-V, the 2018 and 2019...

Silicon Valley Bank’s collapse rattled the technology industry that had been the bank’s backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve that saved their money while they mourned the loss of a place that served as...

A class action lawsuit is being filed against the parent company of Silicon Valley Bank, its CEO and its chief financial officer, saying that company didn’t disclose the risks that future interest rate increases would have on its business. The...

A few days after announcing that it would not be nationalising the sugar industry, the Belize government says it will convene a commission of enquiry into the sector with the aim of determining “a collaborative path for the better interest of the...

Poultry company Jamaica Broilers Group says its growth trajectory is back on track, with poultry volumes back to pre-pandemic levels. Elaborating on the “recovery” referenced in the group’s third quarter financial report, President...

The American Chamber of Commerce of Jamaica has appeared before the United States International Trade Commission, USITC, which is doing its periodic review of the duty-free access of goods from Jamaica and the region to the United States. AmCham...

Kingston Wharves Limited expects to finalise the ongoing expansion at Berth 7 by the end of summer, a project that’s being financed by a large bank loan. The expansion will allow large ships to dock at the same time. “The Berth 7 redevelopment...

United States President Joe Biden insisted on Monday that the nation’s banking system was safe, seeking to project calm after the collapse of two banks stirred fears of a broader upheaval and prompted regulators to offer emergency loans to banks to...

Some public sector workers have not accepted the compensation proposals made to them by the Government, so, so far, there is no deal. There are several issues in the mix, but the big issue is that they really want more disposable income....

Commercial paper, or CP, is short-term debt issued by corporates that is unsecured and used to finance short-term liabilities, including inventory and payables. The original tenor of a CP is less than one year – and less than 270 days in some...

Banking conglomerate Scotia Group Jamaica Limited, SGJ, earned $3.4 billion in profit for the January first quarter, up 173 per cent, due in part to higher interest rates. But market response to the gains were muted on Friday amid a reduction in...

Regency Petroleum Company is smarting from delays in delivery of new equipment to open its two service stations. The two stations, one at Paradise, near Savanna-la-Mar in Westmoreland, and the other, slated for the resort town of Negril, are at an...