Business

A Houston energy firm has dropped a lawsuit against Venezuela’s former oil czar, who it had accused of orchestrating demands for a US$10 million bribe to approve an asset sale in the South American country. The dismissal came in a filing in Houston...

ADVISORY COLUMN: SMALL BUSINESS QUESTION: Which political party has the best plans for small businesses? BUSINESSWISE: It is a critical question I have been asked several times from social media users since Prime Minister Andrew Holness...

ADVISORY COLUMN: RISKS...

Discounts and bundled packages are becoming the new norm for some of Jamaica’s largest players in the attractions markets as they seek to keep their doors open under protocols that have served to limit access to their primary source of income:...

The worsened economic picture painted Wednesday by the governor of Bank of Jamaica, BOJ, is largely associated with the resurgence of the virus in major trading partner countries as well as updated assessments of the impact of the crisis on some...

Financial conglomerate JMMB Group Limited expects the dollar to steadily slide and inflation to remain low. The company led by Keith Duncan – the same man who heads the monitoring group that’s meant to help keep Jamaica’s economic reform programmes...

New Fortress Energy will redeem the bonds that were brokered last year by NCB Capital Markets Limited on behalf of subsidiary company NFE South Power Holdings Limited, using proceeds from the US$1 billion of fresh capital raised by the natural gas...

For decades, the US Federal Reserve made clear its readiness to raise interest rates at the earliest signs of creeping inflation. That was then. In a sign of how vastly the United States economic landscape has changed, Chairman Jerome Powell may be...

Derrimon Trading Company plans to approach the market with an additional share offer, or APO, the first junior market company to join others on the main exchange seeking to raise fresh capital through new share issues, assuming shareholders vote...

American Airlines said Tuesday it will cut more than 40,000 jobs, including 19,000 through furloughs and lay-offs, in October as it struggles with a sharp downturn in travel because of the pandemic. American executives said the furloughs can only...

The global tourism industry has been devastated by the coronavirus pandemic, with US$320 billion lost in exports in the first five months of the year and more than 120 million jobs at risk, the United Nations chief said Tuesday. Secretary General...