Even though battery costs are rising, auto companies are rolling out more affordable electric vehicles that should widen their appeal to a larger group of buyers. The latest came Thursday from General Motors, a Chevrolet Equinox small SUV with a...
The last time the United States Federal Reserve faced inflation as high as it is now, in the early 1980s, it jacked up interest rates to double-digit levels and in the process caused a deep recession and sharply higher unemployment. On Thursday,...
National Environment and Planning Agency, NEPA, has rejected an application for the expansion of a petrol station in Hanover that includes the buildout of a restaurant and other businesses on the property, painting its owner as a repeat rule...
Microlender Dolla Financial Services Limited plans to open a second location in Guyana, the Caribbean country that is located on the South American mainland, where it has operated since early last year. The second Guyana shop is part of Dolla’s...
Gaming and entertainment company Supreme Ventures Limited, SVL, has secured global certification for its mobile gaming platform from the Gaming Laboratories International, GLI, CEO of SVL subsidiary, Prime Sports, Xesus Johnston, has said. He...
Carreras managing director Raoul Glynn will resign effective this month after steering the company through the onset of the COVID-19 pandemic. Glynn’s resignation will become effective September 30, said Carreras chairman Patrick Smith...
With summer vacations winding down, airlines are counting on the return of more business travellers to keep their pandemic recovery going into the fall. Air travel in the United States, bolstered by huge numbers of tourists, has nearly recovered to...
The European Central Bank, ECB, made its largest-ever interest rate increase on Thursday, following the US Federal Reserve and other central banks in a global stampede of rapid rate hikes meant to snuff out record inflation that is squeezing...
Jamaica recorded the ninth-highest 12-month rise in cost of living in the region at June this year, according to data from a regional United Nations economic body. The inflation rate, at 10.9 per cent over the 12 months to June, ranks ninth among...
Russian President Vladimir Putin on Wednesday threatened to completely cut energy supplies to the West if it tries to cap prices of Russian exports. He also vowed to press on with Moscow’s military action in Ukraine until it achieves its goals....
China’s trade weakened in August as high energy prices, inflation and antivirus measures weighed on global and Chinese consumer demand, while imports of Russian oil and gas surged. Exports rose seven per cent over a year ago to US$314.9 billion,...
The Austrian government on Wednesday announced plans for a power price cap to curb the rise in energy costs tied to Russia’s war in Ukraine. Chancellor Karl Nehammer said the cap should ease costs for an average household of three by about €500 (US...
The United States Federal Reserve will need to continue lifting its short-term interest rate to a level that restricts economic growth and keep it there for an extended period, a top Fed official said on Wednesday. In her remarks to a banking...
Remember the days when one of the best money-saving travel tips was booking an Airbnb versus a hotel? Not only were nightly rates almost always far cheaper, but the Airbnbs and hosts themselves often shaped up to be the most memorable aspects of a...
It can be confusing when a strongly capitalised, well-managed and profitable company’s credit rating is limited by a weak sovereign’s credit rating. What could account for this? And is this always the case? To begin, let us make the case for why a...
Armed with government approval for the grant of a 20-year generation licence, commencing April 2023, and the looming end of life for nearly a third of its power-generation equipment and capacity, the management of energy company Wigton Windfarm...
With some 815 private pension plans covering only a fraction of Jamaica’s 1.2 million workforce, the deal inked Tuesday by VM Pensions and the Jamaica Manufacturers and Exporters Association, JMEA, for a private pension plan covering workers in the...
Insurance payments amounting to US$86 million, or nearly $13 billion, have so far been collected by Noble Group, the Hong Kong-based majority owner of Jamalco alumina plant in Clarendon, which was extensively damaged and shuttered by fire in August...
Prime Minister of the United Kingdom Liz Truss told Parliament on Wednesday that she would tackle Britain’s “very serious” energy crisis while still slashing taxes, ruling out imposing a windfall levy on oil companies to pay for her plans to offset...
Published:Wednesday | September 7, 2022 | 12:10 AM
While the performance of some two-thirds of advertised unit trust funds is flat or recorded declines since January as well as over the past 12 months, one fund, offered by Barita Investments – its new real estate-backed fund – is showing outlier...
Published:Wednesday | September 7, 2022 | 12:09 AM
Gervase Warner, the chief executive officer of Massy Holdings, was direct. Speaking in Trinidad at the second regional Agri-Investment Forum as chairman of the Caricom Private Sector Organisation, he said: “Food security has clearly become front...
Published:Wednesday | September 7, 2022 | 12:09 AM
The International Monetary Fund, IMF, has announced that it has reached a preliminary agreement to provide Sri Lanka with US$2.9 billion over four years to help it recover from its worst economic crisis. The arrangement will help restore financial...
Published:Wednesday | September 7, 2022 | 12:09 AM
Like many Americans, Karla Maldonado has been cutting back her spending to spare her wallet from rising costs: She is eating out less and attending fewer social events to curb the impact of high gas prices. But the 26-year-old social worker of...
Published:Wednesday | September 7, 2022 | 12:08 AM
Sygnus Credit Investment Limited, SCI, a subsidiary of the fast-evolving investment group Sygnus Capital, wrote off a near-US$4-million unsecured loan to an insolvent Cayman hotel company controlled by the former Jamaican politician and...
Published:Wednesday | September 7, 2022 | 12:06 AM
Brian Frazer has resigned as vice-president and chief investment officer at Scotia Investments Jamaica Limited and taken up the post of deputy chief executive officer at Victoria Mutual Investments Limited, VMIL, and Victoria Mutual Wealth...
