Business
07 Aug, 2026
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US dollar weakens sharply against Japanese yen after market interventions
AP: The US dollar weakened this week against the Japanese yen after US President Donald Trump and Japan’s finance minister confirmed that both sides had intervened in markets. Before late last week,…
06 Aug, 2026
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Stocks hover near record highs and oil prices stabilise with talk of a deal to open Strait of Hormuz
Stocks wavered in afternoon trading on Wall Street Wednesday and hovered around their records set a day earlier, while oil prices held steady. The S&P 500 rose 0.1 per cent. The Dow Jones…
05 Aug, 2026
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Caribbean remittance growth cools as uncertainty rises and pandemic momentum fades
Remittance inflows across the Caribbean grew 5.9 per cent in the first quarter of 2026, compared with the year-earlier period, but the pace of growth has decelerated, according to a recent report from…
05 Aug, 2026
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VM Group $3b in moratorium affect profit
VM Group placed $3 billion in loans under moratorium following Hurricane Melissa, absorbing a short-term hit to fee income, as it balanced member relief over near-term profit Group Chief Financial…
05 Aug, 2026
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Paramount nearly quadruples profit despite Melissa
Paramount Trading Jamaica Ltd nearly quadrupled its net profit for the financial year ended May 2026, powered by cost discipline and one-off gains that offset a revenue dip linked to the impact of…
05 Aug, 2026
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VM Investments upsizes bond offer to $4.8b
VM Investments Ltd (VMIL) has increased the size of its public bond offer to $4.8 billion after increased investor demand, the company disclosed on Sunday. “Successful applicants will receive…
05 Aug, 2026
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Regency Petroleum to build $300m gas station near Kingston’s airport
Regency Petroleum will invest $300 million to build a service station beside the Norman Manley International Airport in Kingston, with a strategy that extends well beyond fuel sales. CEO Andrew…
04 Aug, 2026
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US stocks rally near record as falling oil prices ease Wall Street’s worries about inflation
US stocks are rallying to the edge of their all-time high on Monday after easing oil prices helped calm Wall Street’s worries that inflation could get even worse. The S&P 500 jumped 1.5 per cent…
02 Aug, 2026
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Caribbean air travel capacity shrinking, only behind Middle East
The Caribbean recorded the second-largest decline in airline seat capacity in the world after the Middle East in July when compared with year-earlier levels, according to the OAG, a UK-based travel…