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Stocks Round Up | 80 stocks traded

Published:Friday | October 9, 2020 | 5:24 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Friday with an advance/decline ratio of 31/32. The JSE Combined Index declined by 639.65 points or 0.17 per cent to close at 368,633.23. The JSE Main Market Index declined by 674.19 points...

Trade Winds to jump-start milk business with JBL acquisition

Published:Friday | October 9, 2020 | 12:14 AMKarena Bennett - Business Reporter

Juice maker Trade Winds Citrus Limited has acquired all the assets of Jamaica Beverages Limited, JBL, giving the company a jump-start on the milk business which it has been after for the past three years. The initial hold-up surrounded Trade Winds...

WTO to be led by a woman for first time

Published:Friday | October 9, 2020 | 12:13 AM

The World Trade Organization, WTO, announced Thursday that South Korea’s trade minister and a Harvard-trained former Nigerian finance minister have qualified as the two finalists to become the next director general, ensuring a woman in the top job...

C&WJ shareholder to sue telecoms in Jamaica

Published:Friday | October 9, 2020 | 12:13 AM

Cable...

Pamela Coke-Hamilton | Building back fairer and greener

Published:Friday | October 9, 2020 | 12:13 AM

OP-ED CONTRIBUTION: COVID...

United Oil & Gas to double oil search in Jamaica

Published:Friday | October 9, 2020 | 12:12 AM

United Oil...

CFF deepens investment in agri-business to grow overseas sales

Published:Friday | October 9, 2020 | 12:12 AMKarena Bennett - Business Reporter

Caribbean Flavours...

Lowe’s to hand out another round of COVID bonuses worth US$100m

Published:Friday | October 9, 2020 | 12:11 AM

Lowe’s Companies announced Wednesday that it is handing out another round of bonuses to recognise its front-line employees in light of the COVID-19 pandemic. A news release from the company said all full-time hourly workers will get US$300, and...

Medical Disposables reorganises, triggers succession plan

Published:Friday | October 9, 2020 | 12:11 AMNeville Graham - Business Reporter

Medical Disposables...

Up to 150m could join extreme poor, World Bank says

Published:Friday | October 9, 2020 | 12:10 AM

Up to 150 million people could slip into extreme poverty, living on less than US$1.90 a day, by late next year depending on how badly economies shrink during the COVID-19 pandemic, the World Bank said Wednesday in an outlook that has got grimmer....

Confident JMMB to resume dividend payments

Published:Thursday | October 8, 2020 | 7:20 PMSteven Jackson - Senior Business Reporter

In a show of confidence, financial conglomerate JMMB Group said it intends to grow through acquisitions and would resume paying dividends to shareholders. The M...

Stocks Round Up | 39 stocks advance, 29 decline and 10 trade firm

Published:Thursday | October 8, 2020 | 3:51 PM

The Jamaica Stock Exchange (JSE) combined index declined on Thursday with an advance/decline ratio of 39/29. The JSE Combined Index advanced by 2,613.72 points or 0.71 per cent to close at 369,272.88. The JSE Main Market Index advanced by 2,789.03...

Google, Oracle meet in copyright clash at Supreme Court

Published:Thursday | October 8, 2020 | 12:06 AM

Supreme Court justices discussed restaurant menus, computer keyboards, songs and even the periodic table Wednesday in trying to resolve a copyright dispute between tech giants Google and Oracle. The justices were hearing arguments Wednesday in a...

Stocks Round Up | 83 stocks traded

Published:Wednesday | October 7, 2020 | 4:19 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Wednesday with an advance/decline ratio of 37/38. The JSE Combined Index advanced by 82.78 points or 0.02 per cent to close at 366,659.16. The JSE Main Market Index advanced by 480.87...

Musson acquires Massy Tech

Published:Wednesday | October 7, 2020 | 12:13 AM

Musson Jamaica Limited has taken over the technology arm of Massy Holdings Limited through a newly formed subsidiary. The terms of the acquisition of Massy Technologies from its Trinidadian parent were not disclosed. Based on a review of Massy...

Fed chief: Lack of further stimulus imperils recovery

Published:Wednesday | October 7, 2020 | 12:13 AM

Strong financial support from the government and the United States Federal Reserve has spurred a solid recovery from the pandemic recession, but the rebound may falter without further aid, Fed Chair Jerome Powell warned Tuesday. Powell said that...

Hundreds of Regal, Cineworld movie theatres to close

Published:Wednesday | October 7, 2020 | 12:12 AM

In the latest blow to the beleaguered film industry, the second-largest movie theatre chain in the United States is temporarily shuttering its locations on Thursday due to a lack of blockbusters on the calendar and major domestic markets like New...

Bluefin tuna in focus as Japan seeks boost to catch limits

Published:Wednesday | October 7, 2020 | 12:12 AM

Countries involved in managing bluefin tuna fisheries are set to face off over a Japanese proposal to raise its catch quotas for the fish, highly prized for sushi and sashimi. At an online meeting that began Tuesday, Japan is seeking to raise its...

Kenneth Rogoff | The stock market disconnect

Published:Wednesday | October 7, 2020 | 12:11 AM

OP-ED CONTRIBUTION: WALL STREET Why are stock-market valuations soaring when the real economy remains so fragile? One factor has become increasingly clear: the crisis has disproportionately affected small businesses and low-income service workers...

Hold-out Digicel bondholders to lose US$84m

Published:Wednesday | October 7, 2020 | 12:08 AMSteven Jackson/Senior Business Reporter

Bondholders will likely lose the principal on their investment, worth US$84 million ($12 billion), arising from the September maturation of two Digicel bonds that were refinanced. Digicel said the bondholders were previously offered opportunities...

SSLVC board to discuss way forward next month

Published:Wednesday | October 7, 2020 | 12:06 AMKarena Bennett/Business Reporter

The directors of SSL Venture Capital Jamaica Limited, which reported a tripling of its annual losses to $152.8 million this year, will be discussing the way forward for the company at a board meeting scheduled for next month. The reassessment of...

UK urges rapid CDB financing for vaccine procurement

Published:Wednesday | October 7, 2020 | 12:06 AM

The United Kingdom has urged the Caribbean Development Bank, CDB, to start designing financing programmes that its borrowing members can access rapidly to procure COVID-19 vaccines once developed and ready for global distribution. Baroness Sugg,...

C&WJ shareholder gets green light to sue in US court

Published:Wednesday | October 7, 2020 | 12:06 AMMcPherse Thompson/Assistant Editor – Business

Cable...

Stocks Round Up | 29 stocks advance, 42 decline and 41 trade firm

Published:Tuesday | October 6, 2020 | 5:00 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Tuesday with an advance/decline ratio of 29/42. The JSE Combined Index declined by 2,989.15 points or 0.81 per cent to close at 366,576.38. The JSE Main Market Index declined by 3,353.79...

Control of Venezuelan gold in doubt after court decision

Published:Tuesday | October 6, 2020 | 6:22 AM

A British court on Monday threw into question who controls nearly US$2 billion in Venezuelan gold stowed in a London bank vault amid a power struggle between President Nicolás Maduro and his leading rival. The appeals court ruling set aside a...

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