Bo Li, the deputy managing director of the International Monetary Fund, gave the main address at the 59th Bi-Annual Meeting of Caricom Central Bank Governors in Nassau, Bahamas, on November 3. His speech was titled Financial Sector Risks and...
Three Chinese companies have been ordered to sell lithium mining assets in Canada after the country’s government imposed limits on foreign involvement in supplying “critical minerals” used in batteries and high-tech products. The order on Wednesday...
The Bank of England made its biggest interest rate increase in three decades on Thursday, joining the United States Federal Reserve and other central banks worldwide in rapid hikes as it tries to beat back stubbornly high inflation fuelled by...
Supply problems have again forced Moderna to delay some COVID-19 vaccine deliveries, a move that surprised Wall Street and contributed to a disappointing third quarter. The vaccine developer said Thursday that short-term issues prompted it to shift...
Supreme Court Justice David Batts is to hand down his decision this morning in the contentious legal tussle in which the majority shareholders in Mystic Mountain Limited, MML, the bankrupt company that owns the Mystic Mountain attraction in Ocho...
When it comes to meeting Wall Street’s expectations for profit and sales, it’s put-up-or-get-beat-up time for CEOs. It hasn’t happened very often, but when companies have turned in both weaker profits and sales this reporting season than analysts...
In the run-up to Brazil’s presidential election, many feared a narrow result would be contested and spell the death knell for Latin America’s largest democracy. So far, however, the worst fears have been averted, despite a nail-biting victory for...
Eighteen former Latin American and Caribbean leaders have signed a letter to US President Joe Biden asking the United States to remove its six-decade embargo on Cuba in the wake of devastation inflicted by Hurricane Ian. The letter, shared with The...
High demand for metals ranging from copper to cobalt is pushing the mining industry to explore the world’s deepest oceans, a troubling development for scientists, who warn that extracting minerals from critical ecosystems that help regulate climate...
Brazil, Chile, Hungary, New Zealand, Norway, Peru, Poland, and South Korea: all raised interest rates early and high. But even after an average hike of six percentage points in the year to October, inflation is surging and growth is sagging. Have...
Minute Car Rentals Limited has rolled out a new affiliate programme called Minute RentCars, aimed at doubling the fleet it contracts from vehicle owners across Jamaica, with the aim of growing revenue, says CEO Ferone Bryan. The business, which for...
Used car dealer Jetcon Corporation has added a new business line, which takes it outside the auto market for the first time in three decades of operation, amid moves to restore sales revenue to prepandemic levels. The car company has ventured into...
Medical service provider Elite Diagnostic Limited plans to set up its fourth location, a project now in the lap of its new CEO, who has a remit to grow the business. “Over the next 12 to 18 months we will be in Montego Bay,” said CEO Harvey Levers...
LONDON (AP) — The Bank of England rolled out its biggest interest rate increase in three decades Thursday, saying the move was needed to beat back stubbornly high inflation that is eroding living standards and is likely to trigger a...
The Jamaica Stock Exchange (JSE) combined index declined on Thursday with an advance/decline ratio of 39/49. The index declined by 1,729.65 points or 0.48 per cent to close at 359,170.16 points. The JSE Main Market Index declined by 1,738.67 points...
The United States Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes. The Fed’s move raised its key short-term rate...
The Jamaica Stock Exchange (JSE) Combined Index advanced on Wednesday with an advance/decline ratio of 52/34. The index moved up by 835.33 points or 0.23 per cent to close at 360,899.81 points. The JSE Main Market Index advanced by 596.57...
Courier company Mailpac Group Limited is doubling down on e-commerce and other initiatives to grow its customers base both locally and overseas next year, despite a falloff in its earnings since the reopening of the economy. The dips experienced in...
Distribution company Cari-Med Group is mulling an initial public offering of shares on the Jamaica Stock Exchange. The company has retained NCB Capital Markets Limited and the law firm MH...
Oil giant Saudi Aramco on Tuesday reported a US$42.4-billion profit in the third quarter of this year, a 39 per cent bump buoyed by the higher global energy prices that have filled the kingdom’s coffers but helped fuel inflation worldwide. The oil...
A tropical storm and absences of VIP guests have cast a shadow over a financial conference meant to help Hong Kong restore its image as a financial hub and destination for business travel. The first major conference since the city lifted COVID-19...
Ships loaded with grain departed Ukraine on Tuesday despite Russia suspending its participation in a UN-brokered deal that ensures safe wartime passage of critical food supplies meant for parts of the world struggling with hunger. The United...
Jamaica Broilers Group, JBG, expects to write off about $900 million in the wake of its exit from Haiti. The closure of the businesses, Haiti Broilers SA and its subsidiary T...
