Business

Steven Whittingham will become second in command at GraceKennedy Financial Group, GKFG, as of April 1, when his promotion to deputy CEO takes effect. In addition to his new role, Whittingham will continue to have direct responsibility for GK’s...

One of the strongest arguments for free trade is that it promotes peace between participating countries. There is an undeniable correlation between the two, even if it is not always clear whether peace is a precondition for the free movement of...

Proven Investments Limited is hunting US$20 million, which equates to about $3 billion, through two bond placements. The one-week offers remains open until March 21. “We have some maturing facilities, which we would like to refinance,” said Proven...

BMW and Volkswagen warned this week that Russia’s invasion of Ukraine is causing shortages of some vital components, forcing them to reduce vehicle production in Europe. The two German carmakers said the war is having a “negative” effect on auto...

Higher grain prices and other costs absorbed by top poultry producer Jamaica Broilers Group have carved six per cent off its nine-month earnings to January. And more cost pressures will be added this period, due to displacements in the commodities...

The United States Federal Reserve launched a high-risk effort on Wednesday to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signalling potentially up to seven rate hikes this year. The Fed’s quarter-...

US chipmaker Intel unveiled plans on Tuesday to invest up to €80 billion (US$88 billion) across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor industry that have led to big chip shortages. CEO...

A new bond issued by petroleum marketing company Future Energy Source Company, which trades as Fesco, has raised $1 billion for the company, money it will use to finance entry into the cooking gas market and for gas station projects. Fesco plans to...

The Excellence Collection, owner of Oyster Bay resort, plans to invest US$7.5 million ($1 billion) to build more luxury villas in Jamaica. The company wants to add 12 new villas to the current five, at its 320-room hotel complex on the north coast...

The long and storied history of family-owned businesses, FOBs, comes with facts, myths and old tales, many of which are not easily disaggregated or detangled. In many instances, myths are quoted as facts and facts are pushed aside as myths. Many...

First came the beeping alarms and the dashboard lights warning that something had gone haywire. Then the driver’s side windows suddenly and mysteriously rolled down. Kendall Heiman’s Volkswagen SUV then pulled the scariest stunt of all: It abruptly...