Thu | Dec 13, 2018

Business

Published:Thursday | December 13, 2018 | 12:00 AM

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...

Published:Wednesday | December 12, 2018 | 12:00 AM

Caribbean Cement Company Limited and its mining subsidiary have acquired a five-year loan from National Commercial Bank Jamaica that will be used mainly to repay older debt.The $3.096 billion loan proceeds will be distributed in the US dollar...

Published:Wednesday | December 12, 2018 | 12:00 AMSteven Jackson/ Senior Business Reporter

Scotia Group Jamaica Limited will distribute life insurance products on behalf of Sagicor Group Jamaica's insurance arm, for which it will earn fees, once the sale of its life insurance business is concluded.The No. 2 banking group will set up a new...

Published:Wednesday | December 12, 2018 | 12:00 AMNeville Graham/Business Reporter

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...

Published:Wednesday | December 12, 2018 | 12:00 AMSteven Jackson/ Senior Business Reporter

Pharmacy company Fontana Limited will wrap up the development of its sixth store next year in Kingston, but is already looking for new sites in Montego Bay and Portmore to expand the chain even further.Fontana disclosed the expansion plans as it...

Published:Wednesday | December 12, 2018 | 12:00 AMNeville Graham/ Business Reporter

The Haiti operation of the Jamaica Broilers Group are substantial enough to now be classified as its own geographic segment.That decision was put into effect over seven months ago, and now the poultry company has followed that up with an increased...

Published:Wednesday | December 12, 2018 | 12:00 AM

Top European Union officials on Tuesday ruled out any renegotiation of the divorce agreement with the United Kingdom, as Prime Minister Theresa May fought to save her Brexit deal by lobbying leaders in Europe's capitals.May began her quest over...

Published:Wednesday | December 12, 2018 | 12:00 AM

Online retailers are getting physical. A growing number of brands born on the Internet are now opening brick-and-mortar stores and moving into the suburban malls once considered doomed as more Americans shopped online.But they're taking it even...

Published:Wednesday | December 12, 2018 | 12:00 AM

Soap maker and lumber distributor Blue Power Group continues to operate debt-free while racking up double-digit revenue growth, having paid off its loans last year."We had a loan with Development Bank of Jamaica to install solar [power]. But when we...

Published:Wednesday | December 12, 2018 | 12:00 AM

The income derived from a pension plan can be very important as it may be the only source of funds or a very important supplemental income for a retiree. This becomes more critical with an increase in life expectancy.Some employers have pension...

Published:Tuesday | December 11, 2018 | 12:15 AM

Goodyear Tire & Rubber Company is halting production in Venezuela, making it the latest international corporation to abandon a South American nation in economic crisis, officials said Monday...

Published:Sunday | December 9, 2018 | 12:00 AM

The returns on local equities more than doubled returns on foreign currency investments during the September quarter, the Bank of Jamaica, BOJ, has reported.Equities delivered 14 per cent return over the quarter compared to six per cent for hard...

Published:Sunday | December 9, 2018 | 12:00 AMMcPherse Thompson

Insurance company Guardian Life Limited and its former vice-president and actuary, Catherine Allen, are locked in a legal battle in a claim she filed for wrongful dismissal.The case also involves Guardian's decision to tap $1.25 billion of its...

Published:Sunday | December 9, 2018 | 12:00 AM

Jan Keil is an assistant professor in the Department of Economics at the University of the West Indies. He made his first contribution to this newspaper as guest columnist writing on 'Competition in the Jamaican banking sector'.In it he offered some...

Published:Sunday | December 9, 2018 | 12:00 AM

QUESTION: I enjoy doing garment construction/fashion designing, but I've always heard that you should dress for success, as in whatever your dreams are, dress for it and it will come to you. However, as a fashion designer I like to make clothing for...

Published:Sunday | December 9, 2018 | 12:00 AM

QUESTION: I just want to know how to pick a stock. When do I buy and sell my stocks when I invest? What indicators do I use to choose a stock-broker and how do I choose which stock broker is beneficial to me?MichaelFINANCIAL ADVISER: If you want to...

Published:Sunday | December 9, 2018 | 12:00 AM

Since the mid-2000s, the ability of the Caribbean tourism sector to generate rapid economic growth has been widely accepted by international financial institutions such as the IMF, World Bank and the Inter-American Development Bank.This seems to...

Published:Sunday | December 9, 2018 | 12:00 AM

Before her dramatic arrest in Canada, few had heard of Meng Wanzhou.Meng, 46, is chief financial officer and deputy chairwoman of the board of Chinese telecoms company Huawei. She now faces extradition to the United States reportedly on charges of...

Published:Sunday | December 9, 2018 | 12:00 AM

One of the world's biggest tobacco companies is diving into the cannabis market with a US$1.8-billion buy-in.Marlboro maker Altria Group Inc is taking a 45 per cent stake in Cronos Group, the Canadian medical and recreational marijuana provider said...

Published:Friday | December 7, 2018 | 2:59 PM

Grace Foods (USA), Inc. a company owned by GraceKennedy Limited, said it will be acquiring a 49 per cent equity stake in a new joint venture company, Majesty Foods, a Florida-based manufacturer of patty and empanada products. The range of Majesty...

Published:Friday | December 7, 2018 | 2:53 PMAP

  Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. Following two days of meetings, the Organization of the...

Published:Friday | December 7, 2018 | 12:00 AM

Bank of Jamaica, BOJ, exited the foreign exchange market this week after buying up more than US$10 million, saying it was satisfied that demand and supply could be met for the remainder of the year, in...

Published:Friday | December 7, 2018 | 12:00 AM

Jamaica's lottery company, Supreme Ventures Limited, SVL, has converted the Satro building in Georgetown, Guyana, into space for its video-gaming operation, which debuts in that market next...

Published:Friday | December 7, 2018 | 12:00 AM

Alignvest Acquisition II Corporation, the Canadian entity seeking to acquire Sagicor Financial Corporation, has negotiated initial three-year contracts with the country heads in Barbados...

Published:Friday | December 7, 2018 | 12:00 AM

Elite Diagnostic Limited is setting up a third location near Drax Hall, St Ann, that is set to open for business by next July.The medical imaging provider expects to generate business for its new branch along the...

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