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Business

Published:Thursday | November 18, 2021 | 3:27 PM

LONDON (AP) — Customers are caught in the middle of a growing dispute between Amazon and Visa over transaction fees. The online retail giant moved this week to stop shoppers from using Visa credit cards issued in the United Kingdom starting...

Published:Thursday | November 18, 2021 | 6:51 AM

President of the United States Joe Biden is highlighting billions of dollars in his giant bipartisan infrastructure deal to pay for the installation of electric vehicle chargers across the country, an investment he says will go a long way to...

Published:Wednesday | November 17, 2021 | 11:33 AM

The Bank of Jamaica has effected another interest rate hike, from 1.5 per cent to 2.0 per cent. The BOJ's policy rate is equivalent to the overnight rate it charges banking institutions for placements with the central bank. BOJ kept rates at a...

Published:Wednesday | November 17, 2021 | 12:11 AM

Boutique financial firm MoneyMasters is arranging $3 billion of private money, designated for Montego Bay property developments. The company led by President Claudette Crooks is partnering with Concept Homes Limited, a real estate developer...

Published:Wednesday | November 17, 2021 | 12:11 AMHuntley Medley/Associate Business Editor

As real estate developers attract increasing attention for the possibility of money laundering activities, there is an emerging difference of opinion on whether this segment of the real estate industry is covered in the existing anti-money...

Published:Wednesday | November 17, 2021 | 12:10 AM

Investor Warren Buffett’s company made two new investments during the third quarter, while trimming its holdings in several drugmakers and financial firms. Berkshire Hathaway Inc updated its stock holdings in a quarterly filing with the Securities...

Published:Wednesday | November 17, 2021 | 12:10 AM

Sagicor Group Jamaica recently received regulatory approval to start operations in the Cayman Islands, on the heels of a historic quarterly earnings of more than $8 billion that outclassed even the top profit maker. “Our Cayman investment company...

Published:Wednesday | November 17, 2021 | 12:10 AM

Germany’s network regulator said on Tuesday that it has suspended its procedure to certify the operator of a new pipeline that would bring Russian gas to the country under the Baltic Sea because of an issue with the company’s status under German...

Published:Wednesday | November 17, 2021 | 12:09 AM

Drugmaker Pfizer Inc has signed a deal with a UN-backed group to allow other manufacturers to make its experimental COVID-19 pill, a move that could make the treatment available to more than half of the world’s population. In a statement issued on...

Published:Wednesday | November 17, 2021 | 12:09 AM

A call for protests went unheeded on Monday as some of the organisers complained that government supporters had surrounded their homes so they couldn’t go out, while others said they were warned by Cuban police that they would be arrested if they...

Published:Wednesday | November 17, 2021 | 12:08 AM

Food and financial conglomerate GraceKennedy Limited has paid over $637.7 million for the acquisition of Scotia Insurance Eastern Caribbean Limited, SIECL, but has a second payment of $476 million to meet next October. The disclosure of the...

Published:Wednesday | November 17, 2021 | 12:08 AM

The internet can be a dangerous place, but too few business owners think about this fact until it’s too late. Too many of us just aren’t vigilant enough with our cybersecurity posture, which is why we need to take some time to understand what...

Published:Wednesday | November 17, 2021 | 12:08 AM

The Bahamas’ national debt has fallen to US$10.48 billion, following a near US$343 million in principal repayment. In the newly released First Quarter Fiscal Snapshot and Report on Budgetary Performance FY2021/2022, the Ministry of Finance said the...

Published:Wednesday | November 17, 2021 | 12:06 AM

Community...

Published:Wednesday | November 17, 2021 | 12:06 AM

First Rock Group has set up a realty firm which will buy, sell and lease premium real estate in Jamaica. The directors of the new firm have shareholders in common with First Rock Capital Holdings, FRCH, the listed firm through which the group...

Published:Wednesday | November 17, 2021 | 12:05 AM

The Hi-Lo Food Store supermarket chain has formally entered the online grocery market space bearing goodies, in the form of discounts and prizes, that are intended to secure repeat sales from healthcare workers, civil servants and senior citizens....

Published:Wednesday | November 17, 2021 | 12:05 AM

Stationery and Office Supplies Limited has nearly tripled its earnings year to date ending September, but it wasn’t enough to match the office equipment supplier’s pre-pandemic results. The company, which is also in the business of manufacturing...

Published:Tuesday | November 16, 2021 | 12:08 AM

Americans quit their jobs at a record pace for the second straight month in September, in many cases for more money elsewhere as companies bump up pay to fill job openings that are close to an all-time high. The US Labor Department said that 4.4...

Published:Sunday | November 14, 2021 | 8:26 AM

NCB Financial Group will not pay a dividend this quarter, having failed to grow its bottom line for a second year running. Still at $20 billion in earnings, $14 billion or $6.25 per share of which was attributable to stockholders, the banking...

Published:Sunday | November 14, 2021 | 12:08 AM

The proportion of the employed labour force participating in private pension plans is on a steady increase, and a comparison of the Financial Services Commission’s private pension industry quarterly statistics for June 2016 and June 2021 shows...

Published:Sunday | November 14, 2021 | 12:07 AMSteven Jackson - Senior Business Reporter

Cigarette trader Carreras Limited plans to increase its distribution outlets to grow volume sales while keeping prices steady. The company, whose retired chairman Oliver Holmes is yet to be replaced, told shareholders at their annual general...

Published:Sunday | November 14, 2021 | 12:07 AMHuntley Medley - Associate Business Editor

St Ann-based Noranda Jamaica Bauxite, the local operation of American mining company New Day Aluminum Holdings LLC, and which is run by New Day Aluminum Jamaica Limited, is to take on a new name – Discovery Bauxite – the parent company has...

Published:Sunday | November 14, 2021 | 12:06 AM

In the past few years, what opportunities has the shift to online business created for local companies? Your firm may be automating its processes, but is it also converting the data being collected into competitive advantage? In 2003, I started a...

Published:Sunday | November 14, 2021 | 12:05 AM

Conversations about electric vehicles, EVs, are taking place everywhere. One friend, a motor vehicle loss adjuster and accident reconstructionist, told me that he is now completing a course about EVs. In the Financial Gleaner of November, Business...

Published:Friday | November 12, 2021 | 4:37 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Friday with an advance/decline ratio of 38/45. The JSE Combined Index declined by 2,557.35 points or 0.63 per cent to close at 400,424.14. The JSE Main Market Index declined by 2,810.34...

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