Brooks Brothers, the 200-year-old company that dressed nearly every American president, filed for bankruptcy protection Wednesday, the latest major clothing seller to be toppled by the coronavirus pandemic. Founded in New York in 1818, Brooks...
Regional insurance conglomerate Sagicor Financial Company, the ultimate parent for Sagicor Group Jamaica, has acquired nearly US$5 million worth of shares in Playa Hotels...
A plan put forward by CEO Zachary Harding for SSL Growth Equity Limited, which trades as SSL Group, to create a private equity subsidiary is now off the table. Instead, SSL Group has announced the formation of a legally separate entity, Delta...
The European Union’s, EU, executive arm forecasts that the bloc’s economy will contract more than previously expected because of the coronavirus pandemic, which has caused lockdowns on business and public life that are only slowly being eased. The...
The Jamaica Stock Exchange’s performance year to date ranks among the worst 10 in the world, reversing its stellar showing a year earlier. The Nasdaq in the United States now tops the world as the best-performing market, which local analysts say is...
For two months, the Malta-flagged oil tanker Alkimos has been quietly floating off the Gulf Coast of Texas, undisturbed by the high-stakes legal fight playing out in a federal courtroom as a result of American sanctions on Venezuela. The commercial...
When it comes to rugged vehicles that go off the road, over rocks and into the mud to experience nature, Jeep for years has cornered the United States market. Now Ford is reviving the Bronco brand name in an effort to take a slice. Later this month...
ADVISORY COLUMN: SMALL BUSINESS QUESTION: I did a course in hospitality and villa services at the Portmore Community College, where I developed a recipe using nuts and seeds and oats along with other ingredients to make a smoothie, which is...
A spike in demand for factory space by micro, small and medium entities, MSMEs, over the past three years has fast-tracked plans by the Factories Corporation Jamaica, FCJ, to expand the Garmex Free Zone and Commercial Complex in Kingston for...
The NCB Financial Group is awaiting the green light from regulator the Financial Services Commission, FSC, to begin streamlining its insurance arm. Having taken over large regional insurance conglomerate Guardian Holdings Limited last year, NCB is...
American Airlines and four smaller carriers have reached agreement with the United States government for billions more in federal loans, a sign of the industry’s desperate fight to survive a downturn in air travel caused by the virus pandemic. The...
OP-ED CONTRIBUTION: EMERGING MARKET ADVISER With the presidential elections in the Dominican Republic less than a week away, many people are wondering what lies ahead. Over the last five years, the Dominican economy has been one of the best...
Health insurance providers are reshaping the way they do business to deal with the fallout or exploit opportunities from the COVID-19 pandemic, which they say has not been as harmful to their business as first anticipated. In what they describe as...
C inema operator Palace Amusement Company has sought financial assistance from its bankers to cover fixed expenditures amid a fall-off in revenues at its theatres. The disclosure was made by the company on Wednesday in a market notice posted on...
World Business Angels Investment Forum, WBAF, will submit an economic and financial support plan to the G20 leadership to alert policymakers about the urgent needs of start-ups, scale-ups, entrepreneurs, and small businesses. Chairman of the WBAF...
The political battle over control of Venezuela has turned to a US$1 .8-billion stack of gold bars sitting in the Bank of England’s vault in London, where a judge is expected to decide soon on who has the rightful claim to the bullion. Venezuelan...
United Oil and Gas Limited, OUG, will make a decision by September on whether to drill for oil offshore Jamaica, company documents indicate. The company is taking the lead after partner Tullow Oil of the United Kingdom indicated plans to pull from...
The JSE Combined Index on Thursday increased by 4664 points or 1.23 per cent to close at 375,157 points with an advance/decline ratio of 26/41. Overall activity 77 stocks traded 26 advanced 41 declined 10 traded firm...
FedEx Corp flipped to a US$334-million loss in its fiscal fourth quarter, but its revenue and adjusted profit beat Wall Street expectations as the COVID-19 pandemic continues to fuel a boom in online shopping. With many United States residents...
Hacking activity has spiked during the pandemic, targeted mainly at banks, but also government sites, according to regional telecoms Digicel. “Yes, we are definitely seeing an uptick in cyberattacks based on the levels of vulnerability as well as...
The economic outlook for Jamaica remains uncertain under pandemic conditions, but the Bank of Jamaica, BOJ, opted Monday to keep its policy rate unchanged at 0.5 per cent. That’s because inflation remains within the target range of 4-6 per cent,...
The United States Federal Reserve released a list of roughly 750 companies, including Apple, Walmart and ExxonMobil, whose corporate bonds it will purchase in the coming months in an effort to keep borrowing costs low and smooth the flow of credit...
A recent hike in prices by Jamaica’s sugar producers and marketers has not found favour with the Sugar Industry Authority, SIA, which views the decision as tone-deaf, coming as it is in the middle of a pandemic and a slew of job losses. The 9.2 per...
The JSE Combined Index increased by 7409 points or 1.98 per cent to close at 380,975 points on Tuesday with an advance/decline ratio of 39/30. Main market advanced 7,767 points or 2.07 per cent to close at 380,975 points and Junior market...
