Global shares rose Thursday on optimism about a US-China trade deal and the Chinese government’s efforts to boost its economy. France’s CAC 40 rose 1.4 per cent to 6,058 on the new year’s first day of trading, while Germany’s DAX was one per cent...
The UK-based company Tullow Oil on Thursday revealed that it has discovered a higher quality of crude oil offshore Guyana, in the Carapa-1 well within the Kanuku licence. According to the company, while the well hit only four metres net oil pay,...
Eppley Caribbean Property Fund Limited SSC – Value Fund (CPFV), a publicly listed fund in Barbados and Jamaica, has announced its intention to buys back its shares from the market. In June, CPFV invited the public to acquire up to 97,448,157...
Real estate investment trust Kingston Properties (KPREIT) expects to double its assets to roughly US$42 million by 2020 year end with acquisition of a series of properties. “We are looking to completely double our portfolio from about US$21 million...
TOKYO (AP) — Global shares rose Thursday on optimism about a United States-China trade deal and the Chinese government’s efforts to boost its economy. France’s CAC 40 rose 1.4% to 6,058 on the new year’s first day of trading...
The Hershey Co will soon retire its vehicles that are shaped like its Hershey’s Kisses. The Hershey Kissmobiles, which are each made up of three massive Kisses candies, have travelled across the country since 1997. The chocolate company has...
Wall Street closed the books Tuesday on a blockbuster 2019 for stock investors, with the broader market delivering its best returns in six years. The S...
Americans signed more contracts to purchase homes in November, a rebound from the previous month, indicating that the housing market is still strong. The National Association of Realtors said Monday that its pending home sales index, which measures...
The Governor of the Eastern Caribbean Central Bank (ECCB), Timothy Antoine, says the Eastern Caribbean Currency Union (ECCU) is set to record “solid” growth of about 3.3 per cent this year. The ECCB serves as the central bank for Antigua and...
Natural gas production during the third quarter of last year increased to more than 3,600 million cubic feet per day (mmcf/d), according to the latest figures released by the Central bank of Trinidad and Tobago (CBTT). In its monetary policy...
China’s Huawei Technologies said Tuesday that its sales rose a lower-than-projected 18 per cent in 2019 and predicted tough times ahead as the US moves to restrict its business. The flash sales estimate came in an annual New Year’s message to...
US consumer confidence slipped ever so slightly in December, as expectations fell about economic growth over the next six months. The Conference Board said Tuesday that its consumer confidence index edged down to 126.5 from November’s reading of...
The President of the Caribbean Hotel and Tourism Association (CHTA), Patricia Affonso-Dass, is predicting that 2020 will be an exciting and fruitful year for the sector. “As we look ahead through the crystal ball to 2020, data received from CHTA...
The Barbados-based Caribbean Tourism Organization (CTO) Tuesday described 2019 as “a varied year, which both highlighted the strengths in Caribbean tourism and its inherent weaknesses”. In a New Year’s message, CTO acting secretary general, Neil...
Nissan’s former Chairman Carlos Ghosn said Tuesday from Lebanon that he was not fleeing justice but instead left Japan to avoid “injustice and political persecution” over financial misconduct allegations during his tenure leading the automaker....
The gap between male and female pay in Jamaica continues to shrink, but one should not expect gender parity in the island before the next 100 years, according to a new global report which ranks the island at 41 in the world. That’s little...
Guess who’s getting used to working with robots in their everyday lives? The very same warehouse workers once predicted to be losing their jobs to mechanical replacements. But doing your job side-by-side with robots isn’t easy. According to their...
President of the Jamaica Promotions Corporation ( Jampro), Diane Edwards wants more Jamaican entreprenuers to capitalise on the government agency’s ability to sell their business to international investors. J ampro, which brands itself as a...
The World Bank says economies in Latin America and the Caribbean continue to lag in terms of reforms as it relates to doing business in the region. In its flagship publication Doing Business 2020, in which the World Bank Group flagship the...
Britain’s competition watchdog on Wednesday signalled its willingness to push for stricter rules to counter Google and Facebook ’s dominance of online advertising. The Competition and Markets Authority said in an interim report it’s concerned that...
French union activists disrupted two of the country’s eight oil refineries on Friday as part of nationwide strikes against a higher retirement age that have lasted for 23 days, the longest such walkout in France in decades. The current action, at...
British regulators said on Friday that they are launching a full-scale investigation of Amazon’s plan to purchase a stake in Deliveroo to determine if it would dampen competition. The Competition and Markets Authority said the two parties had...
Chukka Caribbean Adventures is in the market for more than US$50 million of debt and equity to finance a range of projects that are intended to double the size of the business over the next six months to a year. The Jamaican business that now...
