The United States economy is healthy and shows little sign of an imminent recession, and can withstand higher interest rates, St Louis Federal Reserve president James Bullard said Monday. Financial markets are flashing signs that an economic...
Residents and other stakeholders of Montego Bay’s Freeport community are expected to know today, the decision arrived at by the environmental regulator, National Environment and Planning Agency, NEPA, regarding an application by hotel developer...
Growth Tech, the company that now owns majority shares in electronic products and office supplies retailer Innovative Systems Limited, says it will be pouring $100 million into expanding the newly acquired business. At the top of Growth Tech’s...
Peloton will stop making its own interactive stationary bikes and treadmills, outsourcing those duties to a Taiwanese manufacturer as it attempts to revive sales that surged during the pandemic. The New York City company, which recorded its only...
The BYD brand of electric vehicles will have its own showroom next year that brand distributor Flash Motors says will be developed by the Stewart’s Automotive Group with its support. The company currently has an arrangement with Stewart’s to retail...
The United Nations estimated Monday that the world’s population will reach eight billion in mid-November and that India will replace China as the world’s most populous nation next year. In a report released on World Population Day, the UN also said...
A year has passed since President Jovenel Moïse was assassinated at his private home where an elite security team was supposed to protect him. Not only have authorities failed to identify and arrest all those who masterminded and financed the...
Jamaica Broilers Group, JBG, grew earnings by 27 per cent for the financial year ended April 2022, but the performance would have been better had it not been for the excessive bleeding of the poultry producer’s Haiti operation. Jamaica Broilers...
Sygnus Credit Investments Limited, SCI, plans to raise up to $2.3 billion in its first preference share issue this month, and is weighing the prospect of yet another equity raise within a year or two. The funds from the current offer will go...
As a beautiful dawn crept over Lake Geneva on June 17, a remarkable thing happened at the World Trade Organization’s headquarters. After nearly six days of negotiations at the WTO’s 12th Ministerial Conference – culminating in a marathon 48 hours...
The Jamaica Stock Exchange (JSE) Combined Index closed Tuesday on a winning note, rallying to reclaim lost ground. The moderate trading session ended with an advance/decline ratio of 49/38. The JSE Combined Index advanced by 1,559.39 points or 0....
Shares of Twitter slid more than 10 per cent in the first day of trading after billionaire Elon Musk said that he was abandoning his US$44-billion bid for the company, and the social media platform vowed to challenge Musk in court to uphold the...
Mayberry Investments Limited, MIL, has advised of its intention to incorporate another company in St Lucia that will become the new parent for subsidiaries Mayberry Jamaican Equities Limited, MJE, and Widebase Limited, both of which are also...
Venezuela is hoping to resuscitate its PetroCaribe programme. Against a background of surging global oil prices, the country’s gradual economic recovery, political change in Latin America, and a carefully crafted dialogue with the United States,...
The record crowds at live events, even with reduced purchasing power, signals that the entertainment sector is on its way to recovery from the pandemic, according to Main Event Entertainment Group, a large promoter which provides stage equipment...
For years, there’s been a cardinal rule for flying civilian drones: Keep them within your line of sight. Not just because it’s a good idea – it’s also the law. But some drones have recently gotten permission to soar out of their pilots’ sight. They...
Connected parties of fuel marketing company Future Energy Sources Company Limited, which trades as Fesco, sold nearly $1.5 billion worth of shares last week, making it the largest trade for the company since its listing on the junior market a year...
When I saw news of a young man winning 10 million dollars in a game of chance recently and noted that he expressed shock at his fortune, although he had been playing to win, I reflected on what people who get a windfall do after the initial shock....
In general, you want to be responsive to those who wish to reach you. Consequently, each morning, before doing anything else, you scan your email inbox for new messages. However, if you have ever questioned the wisdom of this habit, your concerns...
Jamaican investors holding main market stocks saw diminishing returns over the first six months of the year, but owners of equities that trade on the junior exchange saw their holdings rise in value, at levels that ranked near the best in the world...
The Bank of Jamaica, BOJ, has been increasing its policy interest rate in a bid to rein in the recent spike in inflation, but its action is stoking recession fears. Consequently, members of the private sector are cautioning against any further...
The spike in food, fuel and fertiliser prices sparked by the war in Ukraine is threatening to push countries around the world into famine, bringing “global destabilisation, starvation and mass migration on an unprecedented scale,” a top United...
The plan to develop a Hard Rock hotel and casino in Jamaica is on pause, pending amendments to the Casino Act, according to the Government of Jamaica in its latest annual filings to the US Securities Exchange Commission. The filings in June...
