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Business

Published:Wednesday | August 14, 2019 | 12:17 AM

Facing another US tariff hike, Chinese President Xi Jinping is getting tougher with Washington instead of backing down. Beijing fired what economists called a “warning shot” at Washington by letting its yuan currency weaken in response to President...

Published:Wednesday | August 14, 2019 | 12:17 AM

Wages in Britain are rising at their fastest rate since the global financial crisis over a decade ago as the number of people in work hit a record high despite Brexit headwinds, official figures showed Tuesday. Average weekly earnings were 3.9 per...

Published:Wednesday | August 14, 2019 | 12:17 AM

US consumer prices rose 0.3 per cent in July, pushed higher by more expensive gas, medical care and housing. The consumer price index increased 1.8 per cent compared with a year earlier, up from 1.6 per cent in June, the US Labor Department said...

Published:Wednesday | August 14, 2019 | 12:17 AM

The United States is delaying tariffs on Chinese-made cell phones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. The Office of the US Trade...

Published:Wednesday | August 14, 2019 | 12:16 AM

Power utility Jamaica Public Service Company Limited, JPS, plans to spend more than US$500 million over the next five years on investment in its infrastructure. The capex programme includes new initiatives, such as a network of charging stations...

Published:Wednesday | August 14, 2019 | 12:00 AMAvia Collinder/Business Reporter

Phillip Henriques, chairman of National Road Operating and Constructing Company Limited, NROCC, confirmed on Monday that TransJamaican Highway Limited, which holds a 35-year concession for the Highway 2000 East-West toll corridor, will be going to...

Published:Wednesday | August 14, 2019 | 12:10 AMSteven Jackson/Senior Business Reporter

Pending shareholder approval next month, JMMB Group plans to increase its capital by 20 per cent via an offer of shares to the public. At the current trading price of the stock, the level of increase sought equates to around $17.5 billion, but JMMB...

Published:Wednesday | August 14, 2019 | 12:05 AMAvia Collinder/Business Reporter

While the real estate sector is a bit divided on just how many more luxury apartments the market can absorb, developers Peter Rousseau and Colin Steele have a waiting list for one of Kingston’s largest luxury developments in decades. The 25-acre...

Published:Tuesday | August 13, 2019 | 12:17 AM

The International Monetary Fund, IMF, sees little evidence that China’s central bank has deliberately reduced the value of the nation’s currency – a position at odds with the Trump administration’s decision last week to accuse Beijing of...

Published:Sunday | August 11, 2019 | 12:00 AM

The British economy unexpectedly shrank in the second quarter for the first time since 2012 as Brexit uncertainties heaped pressure on firms, official figures showed Friday. The decline is set to raise alarm that the economy could experience its...

Published:Sunday | August 11, 2019 | 12:00 AM

Federal police on Thursday arrested Brazilian businessman Eike Batista, once the holder of the country’s biggest fortune, on suspicion of market manipulation and money laundering. This is the second time that authorities have arrested Batista, a...

Published:Sunday | August 11, 2019 | 12:00 AM

Introducing a new product or service is risky business. For your firm, it may be the only way to grow, so how can you ensure that your hot, fresh idea doesn’t fail? Top leaders may relate to the following quote from Shark Tank’s Barbara Corcoran: “...

Published:Sunday | August 11, 2019 | 12:00 AM

QUESTION: When I just started working, I was motivated by your columns to get my finances in order. It has been three years since I first wrote you and a lot has changed. I finished paying my student loan, switched my pension savings from one...

Published:Sunday | August 11, 2019 | 12:31 AM

I bought shares in The Gleaner Company some years ago. My aim was to show by action my belief that a free press is necessary to preserve democracy. I have attended only one annual general meeting. However, reading the company’s report to...

Published:Sunday | August 11, 2019 | 12:00 AMKarena Bennett - Business Reporter

Jamaican manufacturer Caribbean Flavours & Fragrances Limited, CFF, has commenced regulatory filings for permits in Cuba as part of plans to trade with that country...

Published:Sunday | August 11, 2019 | 12:24 AMAvia Collinder - Business Reporter

Donald Moore, senior general manager of construction and development at the National Housing Trust, NHT, says the redesign of the Ruthven Towers development has added at least two floors to each apartment block. The project, to be done in phases,...

Published:Sunday | August 11, 2019 | 12:23 AMAvia Collinder - Business Reporter

A window that was opened in the motor policy for the import of older vehicles has been shut after less than two years, but used-car dealers say it lived long enough to skew the market. The older eight-year-old autos coming into the market as a...

Published:Saturday | August 10, 2019 | 12:00 AMKarena Bennett - Business Reporter

  The Jamaica Stock Exchange suspended trading in the shares of meat company Sweet River after market close on Friday. In a notice on its website, the JSE listed five breaches of the junior market board level requirements, including sections...

Published:Friday | August 9, 2019 | 12:00 AMKarena Bennett - Business Reporter

Bluedot Data Intelligence Limited, one of the three companies in which SSL Venture Capital Jamaica has acquired equity, has taken on a new investor, businessman Craig Hendrickson. The deal, which took effect on July 23, saw Hendrickson acquiring a...

Published:Friday | August 9, 2019 | 12:00 AM

Venezuela’s government late Wednesday halted negotiations with the opposition in protest of the Trump administration’s freezing of its US assets, thrusting into crisis the country’s best chance of peacefully resolving a political stand-off that has...

Published:Friday | August 9, 2019 | 12:00 AM

Jamaica’s first exchange-traded fund listed on the market Thursday, with a promise by Sagicor Investments Jamaica Limited that more funds are in the pipeline. Despite the newness of the asset, the Jamaican market was willing to buy into the fund,...

Published:Friday | August 9, 2019 | 12:25 AM

China lowered the trading range for its currency for a fourth day on Thursday, showing its potential for use as a trade weapon against Washington, but the exchange rate steadied following declines that alarmed financial markets. The central bank...

Published:Friday | August 9, 2019 | 12:24 AM

Japan said Thursday it has granted its first permit for a South Korea-bound shipment of chemicals to produce high-tech materials under Tokyo’s new export requirement that has increased tensions with Seoul. Trade Minister Hiroshige Seko made a rare...

Published:Friday | August 9, 2019 | 12:24 AM

Kraft Heinz released its second-quarter earnings report delayed by accounting problems and revealed continued fall-out related to those issues on top of weak sales. The company that makes Oscar Mayer hot dogs, Kool-Aid, Heinz ketchup and Velveeta...

Published:Friday | August 9, 2019 | 12:23 AM

Pregnancy started out rough for Leslie Siu. Morning sickness and migraines had her reeling and barely able to function at a demanding New York marketing job, so like the rising numbers of American mothers-to-be, she turned to marijuana. “I was...

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