Sat | Apr 20, 2019

Business

Published:Thursday | March 21, 2019 | 12:11 AM

Jean-Claude Juncker, the president of the European Commission, says Britain should leave the European Union, EU, by the start of elections to the European Parliament on May 23 if the country is not taking part. That’s earlier than the request...

Published:Wednesday | March 20, 2019 | 12:18 AMAvia Collinder/Business Reporter

Pear Tree Xpress is spending upwards of $300 million on the expansion of the office complex, new equipment and a new management information system, NIS, all intended to double capacity. The print company is adding space upstairs its Kingston...

Published:Wednesday | March 20, 2019 | 12:10 AM

Lasco Manufacturing Limited is spending US$1.7 million ($215 million) to further extend its dry products plant at White Marl, St Catherine. The expansion will add 12,000 square feet of space to the existing factory, where the ­company manufactures...

Published:Wednesday | March 20, 2019 | 12:10 AM

Lyft officially kicked off the road show for its initial public offering, saying on Monday it plans to put more than 30 million shares up for sale with an anticipated price of between US$62 and US$68 per share. That would raise more than US$2...

Published:Wednesday | March 20, 2019 | 12:09 AM

Germany began auctioning frequencies for the future super-fast 5G network on Tuesday amid frustration over conditions imposed by authorities and questions over whether China’s Huawei can supply equipment. The auction, launched by the Federal...

Published:Wednesday | March 20, 2019 | 12:09 AM

United States securities regulators countered Tesla CEO Elon Musk’s contempt-of-court defence Monday night, writing in court papers that he brazenly disregarded a federal judge’s order and that one of his arguments bordered “on the ridiculous”....

Published:Wednesday | March 20, 2019 | 12:09 AM

After hurricanes Irma and Maria tore through the Caribbean in 2017, devastating dozens of islands – including billionaire Richard Branson’s private isle, Necker Island – Branson called for a ‘Caribbean Marshall Plan’. He wanted world powers and...

Published:Wednesday | March 20, 2019 | 12:08 AMSteven Jackson/ - Senior Business Reporter

Minority shareholders in Cable...

Published:Wednesday | March 20, 2019 | 12:06 AMNeville Graham/Business Reporter

In a deal said to be worth $4 billion, the owners of Jamaica Energy Partners (JEP) have snapped up rival energy outfit Jamaica Private Power Company (JPPC) giving the American parent control over 250 megawatts of domestic rated capacity. The...

Published:Wednesday | March 20, 2019 | 12:05 AM

Scotiabank Jamaica has set up a $3 billion fund from which it will issue loans to small businesses at a special rate of 9.99 per cent. The bank has also adjusted its loan rate for residential mortgages to 6.99 per cent, which it now touts as the...

Published:Tuesday | March 19, 2019 | 12:30 AM

A former vice-president at the United Auto Workers was charged on Monday with conspiracy in a scheme with Fiat Chrysler executives to buy meals, golf, and other perks with the automaker’s money – the highest-ranking official snagged in an...

Published:Sunday | March 17, 2019 | 12:20 AM

Inter-American Development Bank (IDB)governors approved on Friday a resolution recognising a new Venezuela representative designated by opposition leader Juan Guaidó. The IDB said in a press release that the designation of Ricardo Hausmann as...

Published:Sunday | March 17, 2019 | 12:19 AM

In the week since a massive blackout left millions in Venezuela without power, both the government and opposition have put forward disputing theories on what caused the outage without providing any evidence. Now, two Venezuelans with expertise in...

Published:Sunday | March 17, 2019 | 12:19 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I am seeking your advice on how to best invest $750,000, which I have in my credit union. I have been working for over 13 years in my current job. I have been saving an average 10 per cent of...

Published:Sunday | March 17, 2019 | 12:18 AMNeville Graham - Business Reporter

With the commissioning of a 22-room boutique on the cusp of New Kingston and pending rollout of new suites at Villa Ronai, Pulse is looking to carve out more earnings for the leisure side of the company that is better known for models and fashion...

Published:Sunday | March 17, 2019 | 12:18 AM

ADVISORY COLUMN: SMALL BUSINESS QUESTION: I need your help to solve a serious problem I’m having with my business. I love fashion and have always been been very creative so I experimented with various bracelets. Everywhere I went I got compliments...

Published:Sunday | March 17, 2019 | 12:18 AM

ADVISORY COLUMN: INSURANCE HELPLINE QUESTION: Is the owner of a vehicle exempt from liability if his vehicle gets into an accident about which he was unaware? The vehicle was not stolen but was being driven without the owner’s permission. Could the...

Published:Sunday | March 17, 2019 | 12:17 AM

COLUMN: FOREIGN POLICY A few days ago, British Foreign Secretary Jeremy Hunt, a Conservative, began an important address in an unusual way. Speaking on the subject of Deterrence in the Cyber Age, he quoted Tony Benn, the late left-wing Labour...

Published:Sunday | March 17, 2019 | 12:10 AMMcPherse Thompson - Assistant Editor-Business

The Court of Appeal has upheld a $35 million award to a labourer whose legs were amputated nearly 13 years ago as a result of an accident, described as catastrophic, while cleaning a concrete mixer at the marl quarry where he worked. President of...

Published:Sunday | March 17, 2019 | 12:10 AM

Food and financials services conglomerate GraceKennedy Limited plans to raise up to $500 million in a refinancing deal. The facility will replace a US dollar-denominated loan utilised to fund the build-out of its logistics centre in the United...

Published:Sunday | March 17, 2019 | 12:10 AM

Brazil’s Supreme Court has ruled that some corruption cases will be tried by electoral courts, a decision that prosecutors say will have dire consequences for a sprawling graft probe roiling Latin America’s largest nation. In a 6-5 ruling, the top...

Published:Sunday | March 17, 2019 | 12:05 AMAvia Colinder - Business Reporter

Two players exited the remittance market last year, cutting the number of primary providers by two to six, but those that remained largely expanded their footprint with the net addition of 28 new locations, according to central bank data. The...

Published:Friday | March 15, 2019 | 1:40 AM

Times are tough in Argentina. Automobile production is at a 15-year low. The last time the sector produced such few cars was when the country was in the midst of the depression that followed the 2001 devaluation and default. Many Argentines are...

Published:Friday | March 15, 2019 | 12:43 AM

Boeing soared early in 2019 and lifted the Dow Jones Industrial Average with it. Now concerns about the safety of the newest version of its flagship airplane have halted the momentum. Shares rose 36 per cent in January and February thanks to steady...

Published:Friday | March 15, 2019 | 12:37 AM

Global port operator DP World said Thursday its profit rose 10 per cent to US$1.29 billion last year despite worldwide trade tensions, buoying a firm that may try again to enter the United States market after a failed attempt a decade ago became a...

Pages

Subscribe to Business