Business

The United States Federal Reserve left its key interest rate unchanged Wednesday but signalled that it’s prepared to start cutting rates if needed to protect the US economy from trade conflicts and other threats. The Fed kept its benchmark rate –...

Consolidated Bakeries Jamaica Limited, which trades as Purity Bakery, has pumped roughly $10 million in bringing to market a line of low and gluten-free products under its Miss Birdie brand. The investment forms part of a $20-million project the...

GDP growth rates are one of the market’s favourite metrics for assessing sovereigns. When comparing two countries, the one with the higher GDP growth rate is often considered to be the better credit. Of course, the reverse is also true. Countries...

American Airlines is buying 50 new long-range planes from Airbus, giving a big boost to the just-launched A321XLR model and spurring Boeing to push ahead to develop a rival aircraft. Airbus and the American Airlines – the world’s largest carrier –...

Facebook unveiled an ambitious plan Tuesday to create a new digital currency similar to bitcoin for global use, one that could drive more e-commerce on its services and boost ads on its platforms. But the effort, which the social network is...

Cascade Group Jamaica, the developer of the Kingston 876 commercial complex, is sifting through potential investors for lots that are expected to be ready for delivery in August. Infrastructure works at the 94-acre complex, which sits at the...

Boeing executives apologised Monday to airlines and families of victims of 737 Max crashes in Indonesia and Ethiopia, as the American plane maker struggles to regain the trust of regulators, pilots and the global traveling public. Some victims’...

Harriat ‘Harry’ Maragh has built up significant holdings over many decades in the shipping industry. He now owns multimillion-dollar properties adjacent to the port of Kingston, where he once fished and caught crabs as a little boy growing up in...

The European Central Bank could unleash more stimulus if the economy does not pick up soon, its president warned Tuesday, sparking a sharp drop in the euro. Mario Draghi told a conference in Sintra, Portugal, that the ECB was not resigned in its...

When the United States Federal Reserve cuts interest rates, or even hints that it is about to, investors cheer. That is because lowering rates stokes the overall economy, which sends stock prices higher – usually, that is. The Fed has initiated 16...