Published:Wednesday | February 17, 2010 | 12:00 AM
UNIVERSITY CENTER, Michigan (AP):The year-old federal Recovery Act that has pumped billions in stimulus dollars into economically devastated states such as Michigan is working well, Vice President Joe...
Published:Wednesday | February 17, 2010 | 12:00 AM
TORONTO (AP):Canada is tightening mortgage lending rules as historic low rates are raising fears of a potential housing bubble, the country's finance minister said Tuesday.Finance Minister Jim Flaherty said there is no compelling evidence of a bubble...
Published:Wednesday | February 17, 2010 | 12:00 AM
The year 1938 is significant for Frome, Westmoreland, not only because it was the year worker unrest started on a sugar estate in that western area of the country, fomented...
Published:Wednesday | February 17, 2010 | 12:00 AM
SAN JUAN, Puerto Rico (AP):Victims of the global fraud alleg Allen Stanford have filed a class-action lawsuit against the Eastern Caribbean Central Bank, five regional financial institutions and the government of Antigua and Barbudaedly run by fallen financier R.
Published:Wednesday | February 17, 2010 | 12:00 AM
IF you have received a scholarship to complete career training, you might have been bonded to work in the island for a number of years.The bonding policy of the Government of Jamaica applies to those who have received assistance through the Government...
Published:Wednesday | February 17, 2010 | 12:00 AM
The country's economic performance monitor, the Planning Institute of Jamaica (PIOJ), yesterday reported that the Jamaican economy continues to contract with real gross domestic product (GDP) falling 2.5 per cent between October and December 2009 quarte...
Published:Wednesday | February 17, 2010 | 12:00 AM
THE GOVERNMENT-OWNED National Housing Trust (NHT) plans to spend some $24 billion in the 2010-2011 financial year starting in April to provide housing solutions and other benefits for its contributors, including a projected $7.8 billion expenditure on 2,000 new homes....
Published:Wednesday | February 17, 2010 | 12:00 AM
Listed investment and finance house Jamaica Money Market Brokers Limited (JMMB) continues to experience a sizeable year-on-year profit fall-off even as the company is pointing to a $81-million or 39.5 per...
Published:Wednesday | February 17, 2010 | 12:00 AM
Trinidad-based conglomerate Ansa McAl, which lists its assets at more than US$1 billion or J$89.75 billion, is seeking to broaden its presence as part of its latest profit push, enlisting local building mate-rial suppliers, Quality Dealers Group...
Published:Wednesday | February 17, 2010 | 12:00 AM
Listed conglomerate GraceKennedy is reporting brisk profit growth for the 12 months ending December 2009, finishing the period with a net profit of $2.7 billion, $709.5 million of which was garnered in the fourth quarter.
BERLIN (AP): Germany rejects the idea of setting up a special fund to bail out eurozone countries, like Greece, that run into fiscal trouble because budgetary problems must be solved at the root, the finance ministry said...
LONDON (AP): European stock markets won some respite Monday ahead of a meeting of eurozone finance ministers in Brussels, where the Greek debt crisis will likely top the agenda.
Saudi Arabia (AP): A top Saudi energy official expressed serious concern Monday that world oil demand could peak in the next decade and said his country was preparing for that eventuality by diversifying its economic base....
IT HAS been a mere month since the seemingly apocalyptic events of January 12 overwhelmed Haiti and rallied the world to care. But, in a stunningly heart-warming turn of events coming in the aftermath of devastation and loss...
Jamaica is to reap sweet benefits from the export of sugar to Europe under a contract it had entered into with Italian company, Eridania Suisse SA. The first batch of sugar under the agreement, in which the island is to supply a minimum total of 79,000 tonnes...
The Jamaica Public Service Company Limited (JPS) has budgeted approximately US$36 million to add 10 megawatts of renewable power to the national grid by 2012.
Over the past month, discussions have centred on the advantages and disadvantages of the recently announced Jamaica Debt Exchange (JDX) and the varied reasons why it is required now in the economic history of the country.
On the stock market, the main JSE Market Index closed 4.56 per cent or 3,423.19 points higher at 78,465.53 points, while advancing on all five trading days.
