Sat | May 16, 2026

Business

Published:Tuesday | August 6, 2024 | 12:07 AM

Markets on Wall Street and around the world were in a mini-panic on Monday. Worried about a slowing United States economy, investors sent the market in Japan to its worst day in decades and have sliced billions in market value off some of the world...

Published:Sunday | August 4, 2024 | 12:09 AM

You are acquainted with a few chief executives who are nearing the end of their tenure. As they approach the twilight of their careers, there is a common failure you have noticed. Some of their behaviours are destroying long-term value. In other...

Published:Sunday | August 4, 2024 | 12:08 AM

The United States Justice Department sued TikTok on Friday, accusing the company of violating children’s online privacy law and running afoul of a settlement it had reached with another federal agency. The complaint, filed together with the...

Published:Sunday | August 4, 2024 | 12:08 AM

The United States Department of Transportation is proposing a new rule that would ban airlines from charging parents more to sit with their young children. Under the proposal, released Thursday, US and foreign carriers would be required to seat...

Published:Sunday | August 4, 2024 | 12:07 AM

In recent decades, the availability of preferential tax regimes and tax havens has deprived governments worldwide of huge amounts of revenue. According to the EU Tax Observatory, multinational corporations shifted US$1 trillion – the equivalent of...

Published:Sunday | August 4, 2024 | 12:06 AM

The redemption of investor funds, currently valued at US$3.3 million, or more than $500 million in local currency, remains in limbo following the second suspension of shares in Canada-based EquityLine Mortgage Investment Corporation this summer....

Published:Sunday | August 4, 2024 | 12:05 AM

Smarting from a loss of a near $375 million for financial year ended December 2023, financial conglomerate VM Group says it has hit the reset button. VM Group Chairman Michael McMorris says the local financial sector was challenged while navigating...

Published:Sunday | August 4, 2024 | 12:05 AM

Consumers and businesses, mainly in the tourism and construction sector, rushed to pay down past-due bank loans that were headed towards recent highs, according to the latest data from the the central bank. It caused this particular pool of...

Published:Friday | August 2, 2024 | 12:08 AM

Gaming and entertainment company Supreme Ventures Limited, SVL, is looking to its online channels to grow sales, amid a dip in revenue. In the second quarter, the company experienced a near $257 million dip in gaming income, $12.76 billion at June...

Published:Friday | August 2, 2024 | 12:07 AM

EduFocal Limited has hired financial services firm Signature Creed...

Published:Friday | August 2, 2024 | 12:07 AM

Boeing named a long-time aerospace industry veteran on Wednesday as its next chief executive, who will take over a company rocked by legal, regulatory and production problems and mounting financial repercussions. Robert ‘Kelly’ Ortberg, a former...

Published:Friday | August 2, 2024 | 12:07 AMSteven Jackson - Senior Business Reporter

The Jamaica Stock Exchange, JSE, expects the first green bond listing this year. The JSE expects to become the first stock exchange in the English-speaking region to facilitate the issuance of green and other sustainable bonds. The exchange,...

Published:Friday | August 2, 2024 | 12:07 AM

Last week, the United Nations convened world leaders and development experts in Addis Ababa, Ethiopia, to try to focus minds on the need for more development finance. In the face of tight government budgets, a looming debt crisis, and the chronic...

Published:Friday | August 2, 2024 | 12:07 AM

After acquiring a 93.66 per cent stake in the Puerto Rican investment outfit Acrecent in February 2022, Sygnus Group set about streamlining the company and integrating its operations into that of the group. Next came the question of how to make...

Published:Friday | August 2, 2024 | 12:07 AM

Second-quarter earnings reports for automakers exposed industrywide issues of slowing sales and high prices, just as the companies are having to spend huge sums to make new electric and gas vehicles. Each auto company has unique problems, but...

Published:Thursday | August 1, 2024 | 12:07 AM

Nissan has outlined a “sustainability plan” to become a greener and more inclusive company, promising to recycle batteries, empower its workers, and create safer cars. Nissan Motor Company won’t be trying to beat rivals in the effort, but hopes to...

Published:Wednesday | July 31, 2024 | 12:08 AM

Ethiopia’s currency lost 30 per cent of its value Tuesday, the day after the central bank began implementing a flexible exchange rate policy backed by the International Monetary Fund, IMF, as part of new measures to stabilise the eastern African...

Published:Wednesday | July 31, 2024 | 12:08 AM

The Barbados economy grew at a robust pace of 4.5 per cent for the first half of 2024, backed by an increase in total production and record employment levels, the Central Bank of Barbados, CBB, reported on Monday. CBB Governor Dr Kevin Greenidge,...

Published:Wednesday | July 31, 2024 | 12:07 AM

The signs of bubbles emerging in financial markets are clear to see. The Dow Jones index recently surpassed 40,000 for the first time, and the UK FTSE 100 and French CAC 40 also have reached new highs. Forward price-to-earnings ratios in the United...

Published:Wednesday | July 31, 2024 | 12:07 AM

Slow sales of residences in the latest housing development done by the Jamaican Teas group has left the company ruing the opportunity cost of tying up valuable funds in real estate when it could be making money otherwise. The company said over the...

Published:Wednesday | July 31, 2024 | 12:07 AMSteven Jackson/Senior Business Reporter

The Pacific Airport Group, GAP, the operator of Jamaica’s two major airports, has renegotiated the terms of the concession agreements with the Government of Jamaica. The adjustments flowed from the financial challenges faced by the airports during...

Published:Wednesday | July 31, 2024 | 12:06 AM

Job growth in the outsourcing sector appears to have peaked for now, and its operators are now looking to scale up the quality of services in order to grow earnings. The sector – known as business processing outsourcing, or BPO, for basic call...

Published:Tuesday | July 30, 2024 | 12:08 AM

Warm morning light reflects from the remains of a natural rock arch near Darwin Island, one of the most remote islands in the Galapagos. In clear, deep blue water, thousands of creatures – fish, hammerhead sharks, marine iguanas – move in search of...

Published:Sunday | July 28, 2024 | 12:20 AM

A federal grand jury in California has charged short-seller Andrew Left with multiple counts of securities fraud for a US$16 million stock market manipulation scheme. The Department of Justice said in a statement on Friday that Left, who was a...

Published:Sunday | July 28, 2024 | 12:19 AMSteven Jackson - Senior Business Reporter

Proven Properties Limited, a subsidiary of Proven Group Limited, announced that it paid US$6.5 million to acquire half of the ownership in a company that owns a five-storey building called ‘One Barbados Place’. Barbados-based Caribbean Consultants...

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