Business

Saudi Arabia’s renewed push to publicly list its most valuable asset, Aramco, is part of a high-stakes masterplan by Crown Prince Mohammed bin Salman to overhaul the economy and prepare the country for a future less dependent on oil for survival....

Incoming European Central Bank (ECB) head Christine Lagarde is defending the bank’s record-low rates and other stimulus measures as she prepares to take over with the economy facing trouble from trade wars and Brexit. During hearings in the...

Jamaican brokers will soon be able to buy stocks listed in Canada without using a Canadian broker as an intermediary under a reciprocal arrangement that will also see Canadians being able to trade stocks on the Jamaica Stock Exchange, JSE. It will...

The chief executive of scandal-plagued Nissan on Thursday acknowledged receiving inappropriate payments from the Japanese automaker, but denied he ordered it or knew about it. Hiroto Saikawa said an internal company investigation found he had...

ATL Group is revamping its appliance division, which was the heart of the business at its founding, a project that will see the company investing at a similar level to the buildout pursued for its automobile division, says CEO Adam Stewart. The...

Jamaica is reporting another oil seep find, but experts say commercial finds still remain a dream for now, subject to confirmation by drilling. Tests carried out by two separate independent laboratories recently confirmed that an oil seep...

United States factory activity shrank in August for the first time since August 2016, a sign that the trade war with China is weighing down a crucial sector of the economy. The Institute for Supply Management, an association of purchasing managers...

Natural gas supplier New Fortress Energy, NFE, which operates in Jamaica and the region, plans to develop data centres near to its power plants to serve technology giants. “At the end of the day, we are supposed to be developing data centres next...

Dubai’s ruler issued a directive on Monday that would curb the pace of new real estate construction projects as property prices fall and the sheer scale of developments threatens to outstrip demand. Sheikh Mohammed bin Rashid Al Maktoum ordered the...

Minister of Tourism Edmund Bartlett is still committed to growing tourism earnings to US$5 billion by the time he leaves office, saying that has been the pace of inflows outperforming the last 40 years. He is more than a billion dollars shy of the...

Small commercial bank First Global, FGB, is hunting market share in the home loans segment and hopes to grow new business by at least 20 per cent within a year. The GraceKennedy-owned bank has a promotional offer of 7.25 per cent interest, 95 per...

President Donald Trump’s trade war with China, until now mainly an abstraction for American consumers, is about to hit home. Beginning Sunday, the US government will begin collecting 15 per cent tariffs on $112 billion in Chinese imports – items...