What seemed like a cruel joke is now a humbling experience. So said Stephen Bell, regional vice-president of Seaboard Marine. The experience which Bell referred to is having his father, Robert Bell, a veteran in the shipping industry, report to him, at least on paper...
Swiss Reinsurance Company said Monday it transferred part of its US life insurance business to American investor Warren Buffett's Berkshire Hathaway Inc for 1.3 billion Swiss francs (US$1.27 billion) to free up capital and invest it more profitably...
AUDI HAS reported that sales of its luxury cars were down 4.2 per cent on the year in December, but said full-year sales still beat its most recent forecast.The Volkswagen AG unit said it sold 79,300 cars last month.Over the whole of 2009, it sold...
Q. I have a big decision to make. I applied for my best friend's dream and have been accepted. She made me aware of the job and I even assisted her to redesign her resume...
Britain will host a meeting of finance officials from the Group of Seven nations on January 25 to discuss measures to protect the public from future bank failures, including a proposed global insurance levy, the Treasury said yesterday....
United States-based aviation attorney Mike Slack said enough facts have been established to hold American Airlines (AA) responsible for the runway mishap involving Flight 331 in Kingston last month.Slack, who visited...
The Digicel network is now functioning well in Port-au-Prince with more and more customers connecting to it and being able to make and receive calls, text messages, email and BlackBerry Messenger notes. The telecommunications com-pany, in a statement ...
The international ratings agencies followed through to place Jamaica in default on announcement of the $700 billion debt-exchange programme, JDX, that is recalling 350 domestic bonds.
While new housing developments are going up along the Highway 2000 corridor of St Catherine in response to what is being described as brisk demand for homes with a below-$10 million...
The Jamaica Tourist Board (JTB) two years ago joined the throng of marketers tapping social networking sites as a way to drum up business when it revamped its website.Now, the agency is investing millions to develop a channel on YouTube, according to...
Advantage General Insurance Company has rolled out a product targeted at strata corporations, entities which will soon be expected to adhere more vigorously to insurance requirements under the amended Strata Titles Act.
The Government of Jamaica has extended an offer to the major holders of its local debt to participate in a "voluntarily exchange" of these securities for new notes with lower coupons and longer maturities.The new instruments will have lower initial...
Writing in The New York Times of January 10, 2010, columnist Frank Rich quoted Paul Volcker, whom he described as "the regrettably powerless chairman of Obama's Economic Recovery Advisory Board", as saying recently: "There was not 'one shred of neutral...
Question: I have a restricted-driver's Road Angel Policy. My premium is low. I earn the maximum no-claims discount; I have driven accident-free for many years. Recently, I tried to change the policy to allow a friend to drive.
The Caribbean Hotel and Tourism Association is urging the region to consider imposing a US$10 tax on plane tickets to help in the recovery from the economic crisis.CHTA president, Enrique de Marchena, proposes that half the revenues go to help...
Barita Investments Limited made its debut on the Jamaica Stock Ex-change (JSE) Thursday, three decades after its founding by Rita Humphries-Lewin.The securities firm's 445,001,824 ordinary shares, which were listed at $2.50 per unit, will trade under...
Latin America and the Caribbean lost 2.2 million jobs in 2009 amid the global financial crisis, reversing five straight years of falling unemployment, the International Labor Organization (ILO) said Monday.The United Nations agency said in its annual...
The Jamaica Debt Exchange programme, made public on Thursday, will replace 350 Government of Jamaica bonds held by financial institutions and retail investors with 24 new notes in four classes, and cut as much as 16 percentage points off the prevailing interest...
Digicel Group has committed US$5 million of assistance to Haiti, to help with relief efforts in that country. The mobile firm on Wednesday also flew in a team of its staff to the devastated country where media reports are already putting the death toll...
Government has appointed a new five-member board of directors, comprising two private sector members and three with public sector jobs, slimming its membership from nine.The new chairman is Denis Lalor, chairman of Insurance Company of the West Indies...
Capital and Credit Financial Group said this week that its nascent and wholly-owned Florida subsidiary Capital and Credit International Incorporated (CCII) will be collapsed into the operations of a small, American investment banking...
Jamaica will ship the first batch of raw sugar to Eridania Suisse SA on February 28, representing close to a third of the supplies committed under a forward contract with the Italian-owned operation."We expect to ship about 22,000 to 24,000 tonnes in...
