Tue | Dec 18, 2018

Business

Malaysia filed criminal charges against Goldman Sachs and two former executives on Monday for their role in the alleged multibillion-dollar ransacking of state investment fund 1MDB.Attorney General Tommy Thomas said that the government is seeking...

The used-car sector is walking back its howls of protest over the pre-shipment inspection policy for motor vehicles that they initially pronounced would have been the death knell of vulnerable dealers.But that was last year.Now, some 16 months into...

Most of the US$68 million the Inter-American Development Bank has approved for Jamaica's controversial National Identification System (NIDS) will go towards upgrading the information and communication technology infrastructure across government....

Food and financial services conglomerate GraceKennedy Limited has big plans for the expansion of a new joint-venture food business in the United States.Patty manufacturer Majesty Foods is based in Florida...

Minister of Tourism Edmund Bartlett, in conversation with financial and market analysts, acknowledged criticism that the leakage of earnings from the tourism sector was as high as 70...

Incomes in the United States are 12 times higher than in Jamaica.Still, many basic commodities are, on average, much more expensive here. Milk, for example, costs three times as much as in the US. This economic weakness...

Verizon's big bet on digital advertising isn't panning out.The wireless company spent more than US$4 billion to buy AOL and nearly US$5 billion to buy Yahoo as part of an effort to compete with Facebook and Google in...

The European Central Bank (ECB) is ending the stimulus programme that helped nurse the Eurozone economy back to health over the past four years - despite the emergence of new risks, including a...

A painful contraction in China's auto market deepened in November as sales fell for a fifth month amid an economic slowdown and consumer anxiety over a tariff fight with Washington.Sales of SUVs, sedans and minivans in the global industry's biggest...

A new company, Regency Petroleum Limited (RPL), has entered the domestic cooking-gas market, which brings the number of players to five.RPL's entry comes months behind the debut of Yaadman LPG, which is being marketed by GB Energy Jamaica, the...
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