Business

Brokerage firm Barita Investments Limited is again tapping the equities market to raise $10 billion, which it has earmarked essentially for working capital. Barita says the cash is needed to top up its investment portfolio, which includes taking...

The one-month extension of the subscription period for the Sygnus Real Estate Finance Limited is to accommodate institutional investors, the company’s representatives said this week. The Sygnus Real Estate initial public offering, which has been...

A federal bankruptcy judge gave conditional approval on Wednesday to a sweeping settlement that will remove the Sackler family from ownership of OxyContin maker Purdue Pharma and devote potentially US$10 billion to fighting the opioid crisis that...

Sygnus Credit Investments Limited, SCI, is bullish about hitting its growth targets, having in one year managed to expand its assets by 44 per cent, putting the company in reach of its goal of US$100 million in total assets earlier than expected....

Automobile quality rose last year, but glitches in pairing smartphones with infotainment systems frustrated owners more than anything, according to a large United States survey of auto owners. For the first time, a brand from Fiat Chrysler, now...

Courier and delivery solutions company Mailpac has spent roughly nine months pilot-testing a self-serve parcel locker at its Old Hope Road store in Kingston. The test has been successful, Executive Chairman of the Mailpac Group, Khary Robinson,...

The OPEC oil producers’ cartel and allied non-member countries led by Russia signed off Wednesday on gradually increasing production as the global economy and demand for fuel continue to recover from the worst of the coronavirus pandemic. The...

India’s economy grew by 20.1 per cent in the April-June quarter from the same period a year earlier, when it suffered a record contraction, the government announced Tuesday, raising hopes of an economic recovery. It was India’s fastest pace of...

I have been warning for several months that the current mix of persistently loose monetary, credit, and fiscal policies will excessively stimulate aggregate demand and lead to inflationary overheating. Compounding the problem, medium-term negative...

Senior bankers and car dealers are partnering to hook clients with low introductory rates on financing for auto purchases, the cheapest of which was a 2.2 per cent loan deal. The low price attached to that loan, however, will last for just one year...

Warren Chung will step down as CEO of Elite Diagnostic Limited at month end for personal reasons. Chung, 57, has helmed the business since its formation a decade ago, but having steadied the performance of the Drax Hall, St Ann, diagnostic centre,...

The European Union recommended on Monday that its 27 nations reinstate restrictions on tourists from the United States because of rising coronavirus infections there. The decision by the European Council to remove the US from a safe list of...