Business

Large events equipment-rental and logistics firm Main Event Entertainment Limited has reported a profitable July 2021 third quarter, with its net profit of $28.7 million representing a significant upturn from the loss-making similar three months...

The Bahamas and Trinidad and Tobago have been fingered as the next two Caribbean countries expected to default on their sovereign debt, with widespread repercussions for their economies, populations, creditors and, eventually, the corrective policy...

Rating agency Fitch has put a price tag of a whopping US$1.3 billion or some $194 billion on potential damage from a major, above-normal hurricane that could affect Jamaica, but says storm insurance from the recently activated catastrophe bond...

The International Development Association, IDA, is the part of the World Bank, and is meant to help the world’s poorest countries. Its explicit mission is “to reduce poverty by providing zero to low-interest loans and grants for programmes that...

A cryptocurrency company launched by partners of a major Wall Street trading firm said this week that it has snagged the support of billionaire investor Steven A. Cohen, as big names from the US traditional financial world continue to embrace the...

Consumer prices in the United Kingdom, UK, rose at their fastest recorded rate during August as global supply shortages and higher wages accentuated the uptick from pandemic-related discounts a year ago, official figures showed this week. The...

DoorDash is suing New York City (NYC) over a new law that requires delivery companies to share customer data with restaurants. The lawsuit filed on Wednesday is the latest in a string of legal tussles between delivery companies and local...

US industrial production slowed to a 0.4 per cent gain in August as shutdowns of petroleum refineries and petrochemical plants caused by Hurricane Ida curbed manufacturing activity. Plant closures along the Gulf Coast as well as lost oil production...

Hardware store, Lumber Depot Limited, made $72 million in net profit for its July 2021 first quarter, more than doubling earnings of a year ago and tripling pre-pandemic era profits, as the company cashed in on a boom in construction and home...

United States consumer prices rose a lower-than-expected 0.3 per cent last month, the smallest increase in seven months and a hopeful sign that a recent jump in inflation may be cooling. The August gain was weaker than the 0.5 per cent increase in...

ISP Finance Services has entered into an agreement that will see the microlender acquiring portions of the loan portfolio of an unnamed entity before year-end. The size of the portfolio to be acquired was not disclosed and efforts by the Financial...

Brokerage firm Barita Investments Limited and its regulator, the Financial Services Commission, FSC, say last week’s release of an addendum to the prospectus for Barita’s current share offer seeking to raise at least $10 billion, is intended to...