The Bank of Jamaica (BOJ) indicated this week that it does not foresee a time when new policy suggestions emanating from Europe regarding more stringent regulations for risk management - dubbed Basel IV - might be applied...
KLE Group Limited says it has developed a franchising framework for the Usain Bolt Tracks and Records (UBTR) sports bar and casual-dining business, paving the way for roll-out in 36 American states and other countries, starting in four months....
J. Wray & Nephew Limited is now bottling Skyy vodka inside Jamaica, one of the leading spirit brands in parent company Campari's portfolio, and will supply the product to regional markets. The move adds to the Jamaican spirits company's vodka production base....
The stock market rallied Wednesday afternoon after the United States (US) Senate announced a last-minute agreement to avoid a United States default and reopen the government on the 16th day of the shutdown. The Dow Jones industrial average shot up by 206...
The struggling country of Antigua & Barbuda has joined other tiny Eastern Caribbean islands in selling citizenship to wealthy international investors to drum up revenue, officials said Monday.The twin-island nation of some 90,000 inhabitants...
BlackBerry is publishing an open letter in major publications around the world in a bid to reassure customers that they can count on the distressed smartphone company.The letter was released Monday on Twitter and was to be published in 30 publications...
Beijing agreed Tuesday to make London a centre for handling investment denominated in China's tightly controlled currency as the two sides set aside a spat over the Dalai Lama to expand financial ties.The announcement came in the middle of a five-day...
Jamaican exporters say they have seen no major fallout from the shutdown of the United States (US) government two weeks ago, but are hopeful that the budget conflict won't bleed into the Christmas period.The shutdown, since October 1, has bled into a...
Three American professors won the Nobel Prize for economics Monday for shedding light on how stock, bond and house prices move over time, work that's changed how people around the world invest.Two of the winners - Eugene Fama, 74, and Lars Peter Hansen,...
Wisynco Foods will be closing its single retail shop for Haagen-Dazs ice cream but says it should not be seen as a sign that the franchise is underperforming....
The Fitch credit rating agency has warned that it is reviewing the US government's AAA credit rating for a possible downgrade, citing the impasse in Washington that has raised the threat of a default on the nation's debt.Fitch placed the US credit...
Implementation of the Central Treasury Management System (CTMS), whereby the Government now pulls its deposits from banks into a single account at the Bank of Jamaica (BOJ), has contributed to tight Jamaican dollar liquidity and restrained banks ...
Merchant Credit and Securities Registry Caribbean Limited has launched website for the registration of movable collateral.The registry at qcuun.com is intended to help borrowers, including small-business owners, register...
An Inter-American Development Bank (IDB) study, which identifies credit unions in Jamaica as the primary provider of microfinance, has suggested that regulations limiting unsecured loans to 10 per cent of assigned capital...
Sol Petroleum has signalled that it is interested in entering the petroleum distribution side of the energy business, even as it builds on its recent foothold in the Jamaican market as the macro distributor for Shell lubricants."The new distributorship...
Rising unemployment and the continuing depreciation of the Jamaican dollar have weakened domestic demand, reduced revenues and profits, leading to a plunge in business confidence to the lowest level since 2009.Consumer confidence also fell to the second...
National Commercial Bank Jamaica (NCB) has announced the planned consolidation of two branches into a new financial centre to be developed over the next 18 months.The customers of the Manor Park and Manor Centre branches will be relocated to the new NCB...
Cement prices to increaseThe price of cement products made by Caribbean Cement Limited will increase 2.7 per cent on average, the company said in a market filing.The increases will affect all Caribbean Cement products, effective October...
Argentina is promising to make good on US$500 million in World Bank arbitration court rulings with a mix of new bonds instead of cash, and it is counting on getting billions of dollars in new loans in return.
Supreme Ventures Limited (SVL) said last Friday that it has added 15 new locations, with plans for another nine for JustBet, the gaming company's sports-betting brand.
In its publication on remittances released last month, the World Bank said Antigua & Barbuda has regained its status as a high income economy, leaving the majority of regional developing states behind.
Much of the blame for the depreciation of the Jamaican dollar can be laid squarely at the door of the United States, thanks to the knock-on effect from a decision taken back in May by Ben Bernanke, chairman of the US Federal Reserve, according to a UK-based financial expert.
