Tue | Dec 11, 2018

Business

Published:Tuesday | December 11, 2018 | 12:15 AM

Goodyear Tire & Rubber Company is halting production in Venezuela, making it the latest international corporation to abandon a South American nation in economic crisis, officials said Monday...

Published:Sunday | December 9, 2018 | 12:00 AM

The returns on local equities more than doubled returns on foreign currency investments during the September quarter, the Bank of Jamaica, BOJ, has reported.Equities delivered 14 per cent return over the quarter compared to six per cent for hard...

Published:Sunday | December 9, 2018 | 12:00 AMMcPherse Thompson

Insurance company Guardian Life Limited and its former vice-president and actuary, Catherine Allen, are locked in a legal battle in a claim she filed for wrongful dismissal.The case also involves Guardian's decision to tap $1.25 billion of its...

Published:Sunday | December 9, 2018 | 12:00 AM

Jan Keil is an assistant professor in the Department of Economics at the University of the West Indies. He made his first contribution to this newspaper as guest columnist writing on 'Competition in the Jamaican banking sector'.In it he offered some...

Published:Sunday | December 9, 2018 | 12:00 AM

QUESTION: I enjoy doing garment construction/fashion designing, but I've always heard that you should dress for success, as in whatever your dreams are, dress for it and it will come to you. However, as a fashion designer I like to make clothing for...

Published:Sunday | December 9, 2018 | 12:00 AM

QUESTION: I just want to know how to pick a stock. When do I buy and sell my stocks when I invest? What indicators do I use to choose a stock-broker and how do I choose which stock broker is beneficial to me?MichaelFINANCIAL ADVISER: If you want to...

Published:Sunday | December 9, 2018 | 12:00 AM

Since the mid-2000s, the ability of the Caribbean tourism sector to generate rapid economic growth has been widely accepted by international financial institutions such as the IMF, World Bank and the Inter-American Development Bank.This seems to...

Published:Sunday | December 9, 2018 | 12:00 AM

Before her dramatic arrest in Canada, few had heard of Meng Wanzhou.Meng, 46, is chief financial officer and deputy chairwoman of the board of Chinese telecoms company Huawei. She now faces extradition to the United States reportedly on charges of...

Published:Sunday | December 9, 2018 | 12:00 AM

One of the world's biggest tobacco companies is diving into the cannabis market with a US$1.8-billion buy-in.Marlboro maker Altria Group Inc is taking a 45 per cent stake in Cronos Group, the Canadian medical and recreational marijuana provider said...

Published:Friday | December 7, 2018 | 2:59 PM

Grace Foods (USA), Inc. a company owned by GraceKennedy Limited, said it will be acquiring a 49 per cent equity stake in a new joint venture company, Majesty Foods, a Florida-based manufacturer of patty and empanada products. The range of Majesty...

Published:Friday | December 7, 2018 | 2:53 PMAP

  Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. Following two days of meetings, the Organization of the...

Published:Friday | December 7, 2018 | 12:00 AM

Bank of Jamaica, BOJ, exited the foreign exchange market this week after buying up more than US$10 million, saying it was satisfied that demand and supply could be met for the remainder of the year, in...

Published:Friday | December 7, 2018 | 12:00 AM

Jamaica's lottery company, Supreme Ventures Limited, SVL, has converted the Satro building in Georgetown, Guyana, into space for its video-gaming operation, which debuts in that market next...

Published:Friday | December 7, 2018 | 12:00 AM

Alignvest Acquisition II Corporation, the Canadian entity seeking to acquire Sagicor Financial Corporation, has negotiated initial three-year contracts with the country heads in Barbados...

Published:Friday | December 7, 2018 | 12:00 AM

Elite Diagnostic Limited is setting up a third location near Drax Hall, St Ann, that is set to open for business by next July.The medical imaging provider expects to generate business for its new branch along the...

Published:Friday | December 7, 2018 | 12:00 AM

Last week, I provided evidence of a lack of competition in the Jamaican banking sector. As one possible remedy, I praised the issuance of a commercial banking licence to Jamaican National, JN, and recommended the...

Published:Friday | December 7, 2018 | 12:00 AM

Guatemala is the largest economy in Central America. Well, no.Actually, Panama is the largest, but most Central Americans consider Panama to be in its own category. They see the region starting at the...

Published:Friday | December 7, 2018 | 12:00 AM

Tour operators and medical and dental offices in the Mexican border city of Tijuana are reporting a slowdown in business since a caravan of Central American migrants arrived.Tourists and...

Published:Friday | December 7, 2018 | 12:00 AM

China on Thursday demanded that Canada release an executive of Chinese tech giant Huawei who was arrested in a case that compounds tensions with the United States and threatens to complicate trade talks.Meng...

Published:Friday | December 7, 2018 | 12:00 AM

French President Emmanuel Macron has vowed to cut taxes and boost France's growth. A year and a half after he came into power, he is facing violent protests over rising taxes, a high cost of living...

Published:Friday | December 7, 2018 | 12:00 AM

Cuba's government has modified a series of measures unpopular with the country's private sector, including lifting restrictions on the number of business permits a person can have and the...

Published:Friday | December 7, 2018 | 12:00 AM

Banking conglomerate Scotia Group Jamaica Limited recorded a soft fourth quarter, but still closed the year with marginally higher profit of $12.8 billion.Those results were just 2.6 per cent better...

Published:Thursday | December 6, 2018 | 12:00 AM

Brazil warned Wednesday against freezing developing nations out of negotiations at the UN climate summit, suggesting this could lead to an acrimonious collapse in talks as seen in Copenhagen nine years ago. Accusations of back-room deals aren't...

Published:Wednesday | December 5, 2018 | 12:03 AM

AP: Curiosity from one the world's largest tobacco companies about the marijuana business sent shares of a Canadian cannabis company five per cent higher in early trading Tuesday.Cronos Group confirmed talks late Monday with Marlboro maker Altria about...

Published:Wednesday | December 5, 2018 | 12:00 AMAvia Collinder/ Business Reporter

The latest numbers, at first blush, appear to reflect a substantial fall-off in cruise passenger arrival numbers in the July to September quarter, but the Planning Institute of Jamaica (PIOJ) says they should really be read as a normalisation of the...

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