The Bank of Jamaica has reopened subscription to its 6.77% variable rate Certificate of Deposit (CD) and has placed a new one-year CD on the market, amid signs that the foreign-exchange rate is holding steady above J$101 to the US dollar.The reopened CD...
GraceKennedy Limited (GK) which has been targeting the resort market for at least three years says it is in a position to double sales by 2018.Jamaican resorts buy J$16 billion worth of fruits and vegetables alone from local and overseas suppliers per...
Religious tensions engulfing Myanmar have spread to the world of big business.Monks and others in the Buddhist-dominated country demanded to know why a lucrative licence for a new national mobile phone network had gone to a company from a Muslim...
International use of the euro slipped last year because of the debt crisis in Europe, while the US dollar held its own as the world's leading currency for reserves held by central banks.Currencies not traditionally used as reserves, such as the Canadian...
Alcoa Inc said Friday that it intends to permanently close its Fusina primary aluminum smelter, a 44,000 metric ton plant in Venice, Italy, which has been offline since June 2010.Alcoa's global smelting capacity is currently at 4.2 million...
Citigroup has agreed to pay US$968 million to Fannie Mae to resolve potential future repurchase claims on residential mortgage loans originated between 2000 and 2012.A sizeable group of the loans was originated during the US housing boom.
Jamaicas free trade deals with Costa Rica and Dominican Republic has local manufacturers worried that the agreements could end up hurting the sector...
The Jamaica Stock Exchange (JSE) aims to raise J$107.8 million to retire debt and offer new services, according to its prospectus for an initial public offering of its ordinary shares.The public would own over 19 per cent of the company in a fully...
Jamaican Teas Limited, through its property subsidiary H. Mahfood and Sons, has purchased 11 acres of land in St Thomas for what will be its second real-estate project.
Jamaica Public Service Company (JPS) will charge its customers US$20 million (J$2 billion), a one-off fee to offset fuel costs, which equates to raising electricity bills by less than one per cent, according to the Office of Utilities Regulation (OUR)....
Bermuda's bank deposits fell by US$1.5 billion last year, the Bermuda Monetary Authority (BMA) has announced.Consolidated assets of the island's banking sector fell by more than five per cent to US$24.2 billion, after growing 9.3 per cent in 2011.But...
Google Inc got a friendly ruling Monday from a federal appeals panel that stripped a group representing authors of class-action status as the search engine defends itself against claims that its plan to create the world's largest digital library will...
Apple files for 'iWatch' trademark in JapanApple Inc has applied for a trademark in Japan for "iWatch," indicating it may be proceeding with rumoured plans to produce a smart wristwatch.A document obtained Monday from the Japan Patent Office's website...
In general, women are guilty of overpacking. Whether we're travelling for a weekend or a month, we have to have an outfit for every possible occasion. Lately, I've been challenging myself to bringing a carryon bag only. Here are my top six tips for packing light....
The Digicel consortium has lost out on its bid for a telecoms licence in Myanmar, Southeast Asia. The two licences on offer were won by Norwegian conglomerate Telenor and Ooredoo of Qatar.
An unusually high number of motorists are taking the cheaper option of licensing their vehicles for six months instead of a year, resulting in a shortage of 2013 registration stickers at some tax offices.
Sugar traders were hoping for a five-year extension for quota eliminations, but got two. Reacting to the decision on Friday, African Caribbean and Pacific (ACP) countries declared that they were "appalled" that the European Union had opted to abolish beet and isoglucose sugar quotas in 2017.
A car ran into the back of my vehicle late last year. As a result, my Nissan Sunny, which was insured under a third-party policy, was written off. The other driver's insurance company has since informed me that they will not be paying my claim. This is because the other vehicle was modified to allow a disabled person to drive and they were unaware of that.
The Jamaica Stock Exchange (JSE) has launched a bond-trading platform, but so far has no prospects for listings. Instead, the exchange will be reaching out to stockbrokerages, which form its membership base, to drum up future business.
I am currently unemployed, broke with little assets - no land title, an old car title - and I wish to start a business. Any ideas as to how I may go about this? I want to become a landlady.
We are at the end of June - a favourite time for getting married. But so often this lifetime commitment breaks down, leaving heart break and broken lives. Financial issues account for the breakdown of many marriages. Let us look today at how couples can establish a solid financial foundation.
Telecommunications company LIME announced last Friday the appointment of Martin Roos to the position of acting chief executive officer for the business.
