The Bank of England's new governor took his ideas for spurring Britain's sluggish economy on the road Wednesday, travelling to the heart of the country to convince households and managers that interest rates will remain low and that he won't follow the...
Led by agriculture and its associated industries, the Jamaican economy contracted in the June quarter by 0.4 per cent, the Planning Institute of Jamaica reported Tuesday.
Jon Haldane, managing director of the firm Sheldon Good & Company Limited, confirmed Tuesday that a preferred buyer has been found for the unfinished Palmyra condominium complex in Montego Bay.
Jamaica's money-services businesses are being denied banking services overseas, especially in the United States and United Kingdom, where accounts are being closed because they are viewed as high risk, says the chief spokeswoman for the sector.
The price of oil climbed above $109 a barrel, its highest in more than two years, as the US appeared to edge closer to intervening in Syria's civil war.
The development of new energy capacity fired by cheaper fuel sources comes with an estimated 25 per cent of savings, with the biggest relief likely to flow to businesses, according to financial analyst, Colin Steele.
It is the middle of the hurricane season, but it is not well known that the rigorous four-year Extended Fund Facility with the International Monetary Fund (IMF) comes with no provision for external economic shocks such as a natural disaster.
A core responsibility of the International Monetary Fund (IMF) is to provide loans to member countries experiencing actual or potential balance-of-payments problems.
Haiti is raising taxes on a number of imported products as the French-speaking CARICOM country moves to protect local industries from unfair competition.
China recorded a 31 per cent growth while the figure was up 22 per cent in Russia. Expenditure from traditional markets, on the other hand, was more modest.
National Commercial Bank (NCB) Jamaica has been talking up new technology to be introduced by the bank, which will allow its automated banking machines to read the face value of money.
The back-to-school shopping season has been met with mixed reviews by merchants amid a flurry of discounts, increased advertising of the many deals for the period, and the hustle of shoppers along the island's malls and streets.
With at least one tangible project in the works in Jamaica, Kavin Hewitt, CEO of Mozido Jamaica Limited, says the company will use expertise developed over the last three years to execute a Caribbean roll-out of mobile banking services and other products.
