TOYOTA MOTOR Corp returned to profit in the October-December quarter and raised its annual earnings forecast, but analysts warned of a grim outlook as a spreading safety crisis batters the automaker's reputation. The world's No. 1 automaker acknowledged design problems ...
Constantine Hinds, owner of the Vista Ambassador Resort Spa, one of several Montego Bay hotel properties shuttered within the last decade, is making another bid to raise cash to rehabilitate the business by offering about half of the 110 rooms for sale...
IN THE wake of the devastating earthquake, there has been an outpouring of international support for Haiti. The first priority has been saving lives. That means getting water, food, shelter, medicine and other basic supplies to victims...
THE INTERNATIONAL Monetary Fund (IMF) on Thursday approved a US$1.27-billion (SDR 820.5 million) standby lending facility for Jamaica, and pave the way for other multilaterals to pour in additional capital of up to US$1.1 billion...
THE CARIBBEAN subsidiary of Greek technology firm, Intralot SA, is now the single-largest shareholder in Supreme Ventures Limited (SVL), but the company has strategically confined its acquisition to 49.9 per cent of the gaming company, avoiding a takeover...
THE NEW governor can, therefore, expect to face questions on. Key areas of focus will include: the actions that have been taken under his watch in this regard, and the signals that have been sent to the market. Bank of Jamaica (BOJ) Governor Brian Wynter...
THE GOVERNMENT has underscored its position that the bid by the Jamaica Airline Pilots Association (JALPA) to purchase Air Jamaica is not being considered, despite the last-minute submission of a financing plan...
United States Federal Reserve Chairman Ben Bernanke expressed concerns Wednesday about the economic recovery during a ceremonial swearing-in for another four-year term.In brief remarks to staffers, Bernanke said that while the United States (US) economy...
A recommendation by the Dennis Lalor committee, calling for the establishment of a casino regulatory authority separate from the Betting, Gaming and Lotteries Commission (BGLC), is being questioned by the parliamentary...
Prime Minister David Thompson has given a clear indication that he is in support of a wage freeze in Barbados. "Any slight increase in the wage bill will have serious implications, because it means we'll have to look for either cutting expenditure in other areas...
The Inter-American Development Bank (IDB) is considering a mechanism for the further alleviation of Haiti's US$441-million debt to the multilateral.Last year, the IDB provided Haiti with US$511 million in debt relief as part of an international...
Trinidad has floated a new 15-year bond to fund government's day-to-day operations.The TT$600-million offer opened January 28 and closes February 5 and settlement is on February 9.The bond has a coupon of 6.5 per cent.
Archer Daniels Mid-land (ADM) Company, parent company to Jamaica Flour Mills, said Tuesday its fiscal second-quarter profit slipped two per cent as its revenue was depressed by lower prices for agricultural...
Royal Dutch Shell and Brazil's Cosan ethanol producer announced plans Monday to create a US$12-billion joint venture for ethanol production and fuel distribution in Latin America's largest nation.Under a non-binding...
British telecommunications company Cable & Wireless plc (C&W) set out the final terms of its demerger on Tuesday, including a US$500 million bond offer. C&W said it plans to split into two separate companies by March 26...
Toyota Motor Corp's fix for the gas pedal problem that led to the recall of millions of cars has not come soon enough to prevent a consumer backlash in the United States and elsewhere that is battering its sales...
The first batch of skilled automotive workers for 2010 left the island in mid-January to take up employment opportunities in Canada through a work-study programme offered by the Ministry of Labour and Social Security (MLSS). The group of 13 auto-service...
Three weeks ago, LIME Caribbean brought together labour leaders from nine trade unions and seven countries in the region in a move both the company and worker representatives are calling partnership building....
The Guyana government says it has no plans to close the mining industry as workers shut down the gold-mining town of Bartica in the Essequibo river on Monday over measures, they argue, will spell the end of the sector. Prime Minister Samuel Hinds...
NCB Capital Markets Limited (NCBCM) continues to lose senior staff, but its parent National Commercial Bank of Jamaica is now saying it will not be recruiting a new chief executive for the wealth management subsidiary.Instead, the banking group's deputy...
A United Nations (UN) agency, which has its regional office in the upscale business district of New Kingston on Dominica Drive, is making plans to relocate to downtown Kingston. Dr Kwame Boafo, United Nations...
While other Government agencies have been instructed by Prime Minister Bruce Golding to move downtown, the Factories Corporation of Jamaica (FCJ) has just rested space in the ultra-busy New Kingston business district...
National Commercial Bank of Jamaica (NCB), having boasted more than 16 per cent gain in first quarter profit, is already bracing for fallouts from the Jamaica Debt Exchange (JDX) programme. But the company has already confirmed ...
The Factories Corporation of Jamaica will be floating a $1.6-billion bond as debt financing for the construction of 200,000 square-feet of new office space for the information communications and technology sector. But the pricing of the issue is still to...
The resignations of two top executives from CL Financial group last month-end has not affected the restructuring and audit of the conglomerate now under the control of the Trinidad and Tobago government, its top official is contending...
