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Business

Published:Friday | March 26, 2021 | 12:19 AM

GameStop is considering selling some of its shares, a move that would enable the video-game retailer to capitalise on the massive surge in its stock price this year. In a filing with the Securities and Exchange Commission late Tuesday, the company...

Published:Friday | March 26, 2021 | 12:18 AM

There is an old saying that you wait ages for a London bus and then two – or even three – come along at once. It is not an expression, as far as I am aware, that has ever been applied to policy statements affecting United Kingdom-Caribbean...

Published:Friday | March 26, 2021 | 12:18 AMHuntley Medley - Associate Business Editor

Hotel industry representatives are displaying no appetite for a rethink of the positioning of Kingston as a meetings market in the tourism arena even after the dramatic financial fallout that they, like their resort counterparts, have seen from the...

Published:Friday | March 26, 2021 | 12:17 AM

I have often wondered why I hear so much from people who are deeply and desperately troubled because they are drowning in debt, seemingly with no way out. Credit card debt is a big problem but this discussion is not about that. I decided to take a...

Published:Friday | March 26, 2021 | 12:17 AM

A headline in this newspaper on March 22 declared: ‘You can’t collect on COVID-19 losses, insurance boss’, in relation to business interruption coverage. The source of that information was Sharon Donaldson, CEO of General Accident Insurance Company...

Published:Friday | March 26, 2021 | 12:17 AM

Some sports betting companies are offering tools that allow compulsive gamblers to block themselves from most online sites. Unibet last week announced it was making software from United Kingdom-based Gamban available to customers in the US. The...

Published:Friday | March 26, 2021 | 12:16 AM

Brazil’s Supreme Court on Tuesday ruled that former judge Sergio Moro was biased in the way he oversaw former President Luiz Inácio Lula da Silva’s corruption trial, providing vindication for the leftist leader who has long claimed political...

Published:Friday | March 26, 2021 | 12:14 AMKarena Bennett - Business Reporter

The disaster readiness component of Jamaica’s Global Services Sector Project, or GSS Project, which is intended to allow for quick responses to events like COVID-19, has been slowed, due to a “weak” report from a consultant. The consultant was not...

Published:Friday | March 26, 2021 | 12:13 AMKarena Bennett - Business Reporter

The Ministry of Industry, Investment and Commerce, MIIC, is working with both private- and public-sector interests on the development of a secondary market for confiscated property, an initiative that at its core is meant to unlock capital for...

Published:Friday | March 26, 2021 | 12:06 AM

South Africa brims with human and natural resources. It is a country with a long, and well-documented history. White and coloured South Africans represent about a fifth of the population. The black South African population is not culturally...

Published:Thursday | March 25, 2021 | 7:39 AMKarena Bennett - Business Reporter

Petroleum marketing company Future Energy Source Company, which trades as Fesco, hopes to raise $400 million from stock market investors in exchange for a 20 per cent stake in the company. Fesco’s updated prospectus for its initial public offering...

Published:Thursday | March 25, 2021 | 12:10 AM

A United States senator urged the Biden administration on Tuesday to lift a ban on diesel fuel swaps with Venezuela, adding to pressure from some Democrats and aid workers who argue sanctions are worsening the South American country’s dire...

Published:Wednesday | March 24, 2021 | 12:15 AMPatrick Drury and Sylvain Broyer/Guest Columnists

Central banks’ unconventional policies undoubtedly rescued financial markets in 2020 when the COVID-19 pandemic was at its height. But those actions now leave central banks joined at the hip with credit markets, and market participants more reliant...

Published:Wednesday | March 24, 2021 | 12:13 AM

Jamaica Fibreglass Products is looking to raise in the region of $280 million on the capital market to fund an expansion drive that will see it making a concerted foray into export markets in North America and the Caribbean. Through its investment...

Published:Wednesday | March 24, 2021 | 12:12 AM

Like all countries, Argentina has a lexicon of colloquialisms that are not used in the rest of the Spanish-speaking world. One of the most emblematic is ‘el gil’ – pronounced ‘el heel’. In the kindest of forms, gil means ‘naïve fool’. In the...

Published:Wednesday | March 24, 2021 | 12:11 AMNeville Graham/Business Reporter

Private sector leaders are calling for greater enforcement of COVID-19 protocols, while lining up behind the additional restrictions announced at the weekend, in what is being described as a soft or partial lockdown of the economy. The next...

Published:Wednesday | March 24, 2021 | 12:09 AM

Bank of Jamaica, BOJ, has chosen eCurrency Mint, a company based in Ireland, as technology provider for the digital currency it is developing for the Jamaican market. The central bank said Tuesday that it will begin testing the digital currency...

Published:Wednesday | March 24, 2021 | 12:08 AM

It was one year ago that the terrifying free fall for the US stock market suddenly ended, ushering in one of its greatest runs. On March 23, 2020, the S...

Published:Wednesday | March 24, 2021 | 12:08 AM

Federal prosecutors in Miami are seeking a stiff prison sentence against a United States-based money manager they claim is hindering their efforts to seize a US$2.7-million home and other assets he agreed to forfeit when he pleaded guilty to...

Published:Wednesday | March 24, 2021 | 12:06 AMHuntley Medley/Associate Business Editor

A new basic consumer foods brand called ValuTree has hit the market, under partnership between the year-old trading, distribution and trade finance company Rerum Trading Limited and condiments producer Spur Tree Spices. The new brand is gunning for...

Published:Wednesday | March 24, 2021 | 12:06 AM

MPC Caribbean Clean Energy is seeking legal advice in relation to changes to the tariff structure on one of its investments that the company expects to result in lower revenue. The stock has held steady even after the company disclosed the...

Published:Wednesday | March 24, 2021 | 12:05 AM

A congressional effort to bolster American news organisations during negotiations with Big Tech has supporters hoping that third time’s the charm. The bill, the Journalism Competition and Preservation Act, was introduced in March for the third time...

Published:Wednesday | March 24, 2021 | 12:05 AM

A tool designed to help businesses protect themselves from further compromises after a global hack of Microsoft email server software has been downloaded more than 25,000 times since it was released last week, the White House’s National Security...

Published:Tuesday | March 23, 2021 | 12:13 AM

United States Federal Reserve Chair Jerome Powell said on Monday that the American public needs to understand the risks behind Bitcoin and other cryptocurrencies, even as the central bank itself is studying the potential costs and benefits of a...

Published:Monday | March 22, 2021 | 4:33 PM

The Jamaica Stock Exchange (JSE) combined index declined on Monday with an advance/decline ratio of 38/37. The index declined by 581.96 points or 0.15 per cent to close at 393,881.80. The JSE Main Market Index declined by 893.61 points or 0.23 per...

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