International capital flows have long been a major source of economic growth. Savings in higher-income countries have financed high-yielding investments in low-income countries, generating benefits for all. After World War II, capital flows under...
Knowing if you’re being paid fairly for the work you do is a mystery shrouded in a lack of information. That may be changing in the United States, though, and pay transparency may be the catalyst. It’s a growing trend for companies to reveal what a...
Attorney-at-law and Gleaner columnist Gordon Robinson’s column last Tuesday, ‘The essence of physics’, provided the fodder for today’s article. To paraphrase him: the reason for so many road fatalities is a lack of education and not dangerous...
QUESTION: Your content has been so inspiring to me to the point I feel you’re in my head. I have been following you for years now and this is the first messaging you. The situation is, my bank just denied a request for an increase in credit that I...
One of Jamaica’s newest investment firms, Quantas Capital Group, founded by two former bankers, has secured backing from another member of the Hendrickson family. Quantas, in which Dr Adrian Stokes and Jacqueline Sharp are founding partners – and...
A South Korean solar panel maker said Wednesday that it will invest more than US$2.5 billion to build factories in Georgia in what it says is the largest solar investment in American history. Qcells, a unit of Hanwha Solutions, projects it will...
DETROIT (AP) — With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically Friday on several versions of its electric vehicles, making some of its models eligible for a new federal tax credit that could help...
Rising consumer prices in the United States moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Inflation...
NCB Financial Group is floating two corporate bonds to raise $3.5 billion, but with the option of upsizing the offer to $5.2 billion, and plans to list both securities on the Jamaica Stock Exchange. The bonds being arranged and brokered by NCB...
Britain’s foreign minister met politicians and businesspeople in Belfast bearing good news Wednesday: The United Kingdom and the European Union are inching closer to settling a post-Brexit trade dispute that brought economic headaches and political...
Climate change is the global economy’s biggest long-term challenge but one the world is least prepared to tackle because of short-term problems led by a cost-of-living crisis, the World Economic Forum said in a report Wednesday. The group’s Global...
The past year offered some old lessons about great-power competition. But it also introduced some new ones about how technology is changing the strategic terrain. There is no longer any doubt about the challenge that China, Russia, and other...
Investment outfit Dequity has hired Mayberry to arrange its listing on the main market of the Jamaica Stock Exchange and is weighing a market float for another of its associated companies. Dequity Capital Management Limited, which was formed in...
By March, JN Bank will begin beta testing of its digital wallet, JN Pay, starting internally with staff of Jamaica National Group, and then later to the general public. JN Bank in December was approved as a distributor of JAM-DEX, and was issued...
The bamboo pulp mill to be constructed at Friendship in Westmoreland is projecting US$1.8 billion in revenue over a decade, and expects to recoup its investment in about half that time. At current exchange rates that translates to $275 billion in a...
A fifth major offshore oilfield being developed by a consortium led by ExxonMobil at an estimated cost of US$12.7 billion will add another 1.3 billion barrels of recoverable oil reserves to the 10-billion barrel Guyana-Suriname basin, the Guyanese...
Proven Group Limited plans to expand its footprint in Barbados by setting up a wealth management operation there through subsidiary Proven Wealth Limited. Proven Group first entered Barbados during the pandemic when it acquired Roberts...
FirstRock Real Estate Investments has taken an additional stake in the Kailani (Hilton) Cayman, a luxury boutique hotel which is presently under construction in Grand Cayman. The new purchase, costing US$1.35 million, was from a Cayman developer...
Investment holding and property conglomerate PanJam Investment Limited sold its 33.3 per cent stake in New Castle, which holds the Walkerswood sauce brand, after receiving an offer. Neither the value of the transaction nor the purchaser was...
Dressed in a canary blue suit on a warm December night, sweat dripping from his brow, Bishop Lawrence Rolle belts out the lyrics to his latest hit song for the hundreds of children and adults gathered to celebrate Christmas. “FTX!,” he sings, bent...
The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China – the World Bank warned on Tuesday. In an annual report, the World Bank, which...
The United States Federal Reserve has only a limited role to play in combating climate change, Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed central banks worldwide to take steps to...
The storming of Brazil’s democratic institutions this weekend was no spontaneous ‘accident’. Conspiratorial plots and appeals for a military coup have been circulating on far-right social media for months, and they predictably intensified after...
Portland Private Equity, PPE, is aiming for US$350 million to finance a series of regional investments under Portland Caribbean Fund III that impact society and the environment, filings show. It would become one of the largest funds in the region...
Nearly 20 years after Caribbean islanders sued to hold the French government criminally responsible for the banana industry’s extended use of a banned pesticide in Martinique and Guadeloupe, a panel of judges has dismissed their case, ruling that...
