Energy analysts at Raymond James & Associates are warning that US imposition of tougher Iranian oil sanctions is “unambiguously bullish” for the price of oil...
Jamaican households are servicing three times more debt than a decade ago. The Bank of Jamaica (BOJ) is reporting that $56.60 of every $100 of household income goes towards the servicing of personal loans, the highest level mapped by the central...
National Commercial Bank (NCB) has developed a new online portal for mortgages that is meant to move loans through the door more speedily. It is part of the bank’s digital initiative, the Agile lab, which has now grown to 10 services since its 2017...
Jamaican exports grew by nearly 38 per cent last year, a pace that was nearly four times faster than the rise in imports. Still at a value of US$1.88 billion, the goods that Jamaicans sell to foreign markets was less than a third of the products...
The David Boxer auction held earlier this month provided a snapshot of the state-of-art investment in Jamaica, with just half the nearly $20 million worth of pieces on sale finding buyers. The auction saw the unlocking of 101 works by a series of...
Adjustments to the law that polices credit bureaus are under consideration, a development that two of the three players say should open up the market to new products and services that they are currently barred from selling. Craig Stephen, CEO of...
Twitter Inc on Tuesday trumpeted strong quarterly growth in earnings and users. The company said net income for the first three months of the year rose on strong ad demand. Daily users rose 11 per cent to 134 million for the first quarter of 2019,...
ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER An initial public offering, or IPO, is the offering of shares in a company to the general public for the first time. IPOs may be made by start-up companies or companies that have been in business for a...
ADVISORY COLUMN: PRODUCTIVITY How can a manager be promoted, only for others to discover that he lacks certain basic, foundation skills? Someone somewhere dropped an easy ball that could have been corrected if the company had the right perspective...
ADVISORY COLUMN: INSURANCE HELPLINE QUESTION: I was involved in an accident near Black River in February. A truck drove into the left side of my car. It was travelling on a minor road. I was on the main road. The driver admitted to me that he...
Honda is slowing production of Accord and Civic cars as American buyers continue to favour SUVs and trucks. The Japanese automaker said Thursday that it will temporarily idle a second-shift production line in August at its Marysville, Ohio,...
One initial public offering of shares, two stocks zooming higher. Investors on Thursday pounced on their first chance to buy shares of Zoom Video Communications, the video-conferencing company that had its initial public offering of stock. Its...
At first glance, the graffiti reading “Un pais normal?” seems ambiguous in Venezuela’s frayed capital, where the government brandishes slogans like clenched fists and the opposition lobs insults at President Nicolás Maduro. But the message on the...
The Court of Appeal has refused to grant permission to businessman Winston Finzi to challenge a lower court’s judgment in favour of the Jamaica Redevelopment Foundation (JRF) which sold his property in St James after he defaulted on a settlement...
Financial conglomerate Sagicor Group Jamaica has bundled its holdings in financial stocks into a single entity, Sagicor Select Funds Limited, which it aims to float on the stock market as an exchange traded fund or ETF. It’s one of two ETFs that...
Investors Keith and Paula Russell have joined with principals in a Qatari firm to deliver a 8,000-room, all-inclusive beachfront resort development in Duncans, Trelawny, for which ground was broken on April 12. Designed in the form of a township,...
Luxury coach Knutsford Express Services Limited will build a new terminal at Drax Hall, St Ann, in proximity to the exit point for the highway, financed in part by a $150-million bond. “We are looking to do a hub-and-logistics-type development in...
The Caribbean Court of Justice, CCJ, on Wednesday ruled that the regional tax payable on ‘other hydraulic cement’ – a product used to stop water and leaks in concrete and masonry structures – should be set at five per cent. The ruling endorses a...
Jamaica’s most populous fast food enterprise KFC is about to get bigger, and its boss, Mark Myers, is looking to add new enticements to the product line up in its stores, possibly through a new franchise arrangement. Restaurants of Jamaica, ROJ,...
The global nutraceuticals market is reported to be valued at in excess in US$200 billion with projections that it will top US$300 billion in the next five years, pushed by changing population, health and dietary trends. Those numbers underpin the...
Apple and mobile chip maker Qualcomm have settled a bitter financial dispute centred on some of the technology that enables iPhones to connect to the Internet. The surprise truce announced Tuesday came just as the former allies-turned-antagonists...
China’s economic growth held steady in the latest quarter, despite a tariff war with Washington, as Beijing’s efforts to reverse a slowdown started to gain traction. The world’s second-largest economy expanded by 6.4 per cent over a year before in...
Wisynco Group is buying a stake in the snacks business owned by Jamaica Producers Group, a deal that is meant to drive distribution of the products in existing and new markets. The $720-million transaction for 30 per cent of JP Snacks Caribbean...
OP-ED CONTRIBUTION: EMERGING MARKET ADVISER Today, we remain off-piste, treading in another non-market topic. Last month’s college admission scandal in the United States raised hackles from coast to coast. It suggested the spectre of corruption in...
Industrial production in the United States fell in March, pulled down by a drop in mining output. Factory output remained weak amid a slowing global economy and trade tensions with China. The US Federal Reserve says industrial output – combining...
