The price of oil rose more than two per cent Thursday as the European Central Bank cut its key interest rate to a new low and US unemployment claims dropped.But natural gas was headed for its biggest decline since August after US supplies rose much more...
Travel attraction, Dolphin Cove made $250 million profit for the year ending December 2012, an increase of 22 per cent year-on-year, the company's just-released financials revealed.Gross profit hit $1.1 billion, up just under 16 per cent...
The initial public offering for Caribbean Cream Ltd (CCL), operating as Kremi, closed on Wednesday, nine days ahead of the deadline for subscriptions because it was oversubscribed.The offer, which opened on April 25, was expected to be closed on May 10...
A Supreme Court judge has ordered the Jamaica Public Service Company (JPS) to pay $5.4 million to two landowners for trespass and aggravated damages arising from a grant of easement to a property at Rock Spring...
CIBC FirstCaribbean International Bank (FCIB) said it will cooperate with authorities following revelations that a federal court in California has authorised the Internal Revenue Service (IRS) to serve a 'John Doe' summons seeking information about US...
The mission chief for the International Monetary Fund (IMF) in Jamaica, Jan Kees Martijn, believes the country's economic future is hinged on the resolve of the authorities and other stakeholders to adjust policies to lower debt to a sustainable level...
AP Capital Partners, a United States-based private equity firm, has named Victoria Mutual Wealth Management Limited as arranger for a deal to raise US$7.5 million from Jamaican investors. The funds will be used...
The Belize government is to launch a national bank that Prime Minister Dean Barrow said should place pressure on commercial banks to reduce lending rates to consumers in the future.Barrow said the National Bank of Belize Limited will have a start-up...
After all, China isn't the United States' biggest creditor.America is. The bulk of the national debt - soon to exceed a staggering US$17 trillion - is held by the Federal Reserve, Social Security (public pension) system, private pension plans...
THE PRICE of oil fell about one per cent on Tuesday in anticipation of another increase in US crude supplies.Benchmark oil for June delivery fell $1.04 to finish at $93.46 per barrel on the New York Mercantile Exchange...
MONSTER BEVERAGE is suing San Francisco's city attorney over demands that the company reduce the amount of caffeine in its energy drinks and stop marketing to minors.The company, based in Corona, California, says it's being unfairly singled out by City...
A LEGAL challenge to an ambitious plan to let the public buy shares in one of New York City's most famous landmarks - the Empire State Building -- was cast aside on Tuesday in a ruling by a Manhattan judge.Judge O Peter Sherwood rejected arguments...
A new report released in Washington, United States, says remittances to Latin America and the Caribbean showed a slight increase in 2012 compared to the previous year.The report, titled 'Remittances to Latin America and the Caribbean in 2012: Differing...
Guardian Life Insurance company saw its gross premium income increased to $8.9 billion for the year ended December 2012, an 18.67 per cent improvement over the $7.5 billion it recorded in the previous year.But with $279.6 million being ceded to...
The National Debt Exchange (NDX) will shave some $23 billion from the investment profile of the Bank of Jamaica (BOJ), cutting into its cash flow, but according to an economist, it should not affect...
The Jamaican Government has approved the implementation of the free trade agreement with Costa Rica, just over nine years after it was signed with the Caribbean Community (CARICOM).Cabinet has also agreed to the implementation of a free-trade agreement...
KINGSTON WHARVES Limited (KWL) has acquired the stevedoring operations of Shipping Services (Stevedoring) Limited for some $122 million in an effort to expand and improve the range of services it offers...
Small hotels islandwide registered a 6.8 per cent increase in their occupancy levels last year when compared with the previous year, according to tourism and entertainment minister, Dr Wykeham McNeill."This is significant and we look forward to this...
Caribbean Community (CARICOM) countries say they are hoping for new momentum to the various cooperation initiatives first proposed by regional foreign ministers at the inaugural CARICOM-India ministerial meeting in 2005.CARICOM Secretary General Irwin...
Malfunctioning of the electronic clearance system at the Jamaica Customs Department is costing importers additional time and money to have their goods released at the ports because they are unable to complete...
Millions, and possibly billions, of dollars are at stake in a civil trial that started yesterday over allegations from Michael Jackson's mother that the company promoting his comeback failed to properly investigate the doctor convicted in his...
