Business

Updated 55 minutes ago

Petrojam absorbs US$156,000-a-day loss after gas unit shuts down in April

Jamaica’s sole oil refinery suffered an unexpected shutdown of its gasolene production unit in April, racking up an estimated US$3.6 million (J$550 million) in production losses over 23 days and triggering an emergency procurement contract to restore operations.

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Updated 50 minutes ago

Largest insulin distributor in Jamaica posts gain on acquisition
Acado Limited posted a US$8 million gain on the acquisition of the Jamaica operations of Massy Distribution Limited, a deal that gave it near-total control of the local insulin market, subject to a…
Updated 43 minutes ago

Jamaica’s ABM network stabilises, but storm-hit parishes lag behind
Jamaica’s network of automated banking machines (ABMs) remains largely stable at 2.0 per cent below pre-Hurricane Melissa levels, but some parishes in the storm’s path are yet to recover. The total…
Updated 39 minutes ago

Beyond rhetoric: Lessons from the CHASE Fund, ODPEM, and the Dominican Republic
When Hurricanes Beryl (2024) and Melissa (2025) tore through the Caribbean, they left behind a trail of destruction — but also a few quiet victories. In Jamaica, one of those victories was found in…
Business
Updated 1 minute ago

JSE Summary
In Thursday’s trading session the following reflects the movement of the JSE Indices: - The JSE Combined Index declined by 467.09 points ( 0.13 %) to close at 359,668.96 points and the volume…
Updated 34 minutes ago

Egg producers will pay $3.3M and donate 53 million eggs to settle price-fixing claims
The US Justice Department and 17 states reached settlement agreements with three major egg producers this week to resolve allegations that the companies illegally colluded for years to raise prices,…
Updated 24 minutes ago

US employers still reluctant to add many jobs as hiring slows in June
US employers slowed hiring last month and added only 57,000 jobs, less than half the previous month’s total and a sign that companies still have a cautious economic outlook. The Labor Department said…
Updated 4 minutes ago

Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks
The average long-term US mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to…
Business
Updated 3 minutes ago

A grim job outlook meets a scrappy workforce as administrative assistants harness AI
With their numbers already in decline, secretaries and administrative assistants face another growing threat: artificial intelligence (AI) tools like ChatGPT and Claude that can accomplish aspects of…
Business
Updated just now

Most US stocks climb towards the finish of a strong week, but drops for tech keep indexes mixed
Most US stocks were rising on Thursday after the latest update on the job market suggested the Federal Reserve may feel less pressure to hike interest rates. But more swings for chip stocks and other…