Regional financial group Proven enters the new year with a new president at the helm of its bank, while announcing plans to exit two smaller markets. The company announced its exit from the British Virgin Islands and Bermuda by the end of February...
Pulse Investments reported a double-digit fall in earnings for the September first quarter which followed on from write-downs to end its financial year. The company continues to transition after the passing of its founder, Kingsley Cooper, last...
Dealmaker Dan Theoc expects 2025 to attract institutional investors back to the stock market and longer term bonds for inflation-beating opportunities. Theoc, who heads the investments banking division at Mayberry investments, expects the momentum...
Mining venture Geophysx Jamaica Ltd expects to start drilling in 2025 as it advances its partnership with Canada-based Barrick Gold. “We will be drilling targets in 2025,” said Geophysx founder and Managing Director Robert ‘Bobby’ Stewart in a...
Cornerstone has given its financial holding company a rough valuation of $38.5 billion in capital to 2023, documents released this week indicate. The financial holding company will combine the capital of Barita Investments, Barita Unit Trust, and...
Batsirai Pabwe picked detergents, toothpaste, snacks and some pasta among several grocery items spread on the tarmac of a car parking space — an unorthodox night bazaar lit by cell phone flashlights and fluorescent lamps in Zimbabwe’s capital,...
China’s factory activity expanded at a slower pace in December, official data showed on Tuesday, despite recent stimulus measures. The Purchasing Managers’ Index, based on a survey of factory managers, slipped to 50.1 points in December from 50.3...
Value was in vogue in 2024. Shoppers and restaurant patrons in the USA were choosy about where and how to spend their money as they wrestled with high housing and food prices. Well-heeled customers traded down to Walmart and Aldi. Diners opted for...
Motorists will pay more for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move up by $0.57 to sell for $152.35 per litre and a litre of E-10 90 will go up by $0.53 to sell for $161....
As artificial intelligence (AI) continues to grow at a rapid pace, more and more businesses are grappling with how to adapt both quickly and responsibly. Dan Priest was recently appointed as the chief AI officer at PwC USA, one of the world’s...
Dr Marlene Street Forrest, managing director of the Jamaica Stock Exchange (JSE), will remain at the helm of the organisation until the board appoints a successor, the JSE announced on Friday evening. “The JSE announces that the managing director...
Remember this moment because it probably won’t last: A US lottery jackpot is projected to soar above US$1 billion, and that’s still a big deal. Friday’s Mega Millions drawing is worth an estimated US$1.22 billion, evoking headlines and likely...
We are a few days shy of 2025, and the stage is set for a precarious year for Jamaica. Small businesses, entrepreneurs, and aspiring startups can expect to confront a complex external environment in the upcoming months that may be shaped by...
Most Americans believe health insurance profits and coverage denials share responsibility for the killing of UnitedHealthcare’s CEO — although not as much as the person who pulled the trigger, according to a new poll. In the survey from NORC at the...
Jamaica’s economic future is once again in the spotlight. Elections are around the corner. And the prime minister just unveiled the ASPIRE programme. But amidst past disappointments and skepticism, how can leaders like him inspire others to embrace...
The supply of sorrel, a favourite Christmas drink in Jamaica, has declined this season with at least one supplier paying up to 60 per cent more to source the crop. The market blames the reduction on the impact of Hurricane Beryl and the subsequent...
The Jamaican economy is facing serious challenges going into the first quarter of 2025, and political decisions are likely to play an important role over the next few months, said noted researcher Don Anderson. With the economic indicators...
Bluesky has seen its user base soar since the US presidential election, boosted by people seeking refuge from Elon Musk’s X, which they view as increasingly leaning too far to the right, given its owner’s support of President-elect Donald Trump....
Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a...
A Japan-based, government-commissioned panel of experts on Wednesday largely supported the country’s new energy policy for the next few years. It calls for bolstering renewables up to half of electricity needs by 2040, while maximising the use of...
A task force led by Brazilian prosecutors said it rescued 163 Chinese nationals working in ‘slavery-like’ conditions at a construction site in northeastern Brazil, where Chinese electric vehicle company BYD is building a factory. On Tuesday, the...
El Salvador’s Congress on Monday approved a law that would lift the country’s seven-year-old ban on mining for metals. The law, proposed by President Nayib Bukele and passed on a 57-to-3 vote, would allow mining everywhere except nature reserves...
The vibrant murals by Kingston Creative are transforming the streets and perception of downtown Kingston, with its latest client being the Bank of Jamaica (BOJ). The organisation aims to develop leisure and business within these communities. For...
QWI Investments has managed to turn the page on a string of annual losses aided by adding more US stocks to its portfolio, including Nvidia. Going forward, management wants to grow its US stocks to half of the fund’s portfolio, from the current 25...
