Wed | Nov 21, 2018

Business

Published:Wednesday | November 21, 2018 | 2:41 PM

  JAMAICA: In Wednesday's trading session the following reflect the movement of the JSE Indices: The JSE Combined Index declined by 4,022.05 points (1.09 %) to close at 364,351.40. The JSE Index declined by 4,672.58 points (1...

Published:Wednesday | November 21, 2018 | 12:00 AMNeville Graham/ Business Reporter

Muse360, a creative company founded by Andre Burnett, is carving out a different type of operation under which the agency operates as a financial backer of creative talents who become its business partners.It wants to make the sector 'investible' in...

Published:Wednesday | November 21, 2018 | 12:00 AMAvia Collinder/ Business Reporter

International remittance company MoneyGram has been fined in its home market for failing to crack down sufficiently on fraudulent money transfers within its global network, but Jamaican agent Lasco Financial Services Limited says there is no...

Published:Wednesday | November 21, 2018 | 12:00 AMAvia Collinder/ Business Reporter

Dominican Republic is challenging the jurisdiction of an arbitration panel to hear the dispute with regional investor Michael Lee-Chin, who has accused the government of "unlawful expropriation of multimillion-dollar investments" in that country.On...

Published:Wednesday | November 21, 2018 | 12:00 AMAvia Collinder/ Business Reporter

The Council for Trade and Economic Development (COTED), has suspended the common external tariff on petroleum products imported from outside the region by CARICOM member states, for a period of one year, effective November 16.The decision, taken at...

Published:Wednesday | November 21, 2018 | 12:00 AMAvia Collinder/Business Reporter

The long-anticipated move by the Government of Jamaica to shift some of its payments to a mobile money platform made headway this week with the invitation for expressions of interest for payment portals for the Programme of Advancement Through...

Published:Wednesday | November 21, 2018 | 12:00 AM

Business BriefsBig savings for Red Stripe from LNG conversionDesnoes...

Published:Wednesday | November 21, 2018 | 12:00 AM

One of France's largest banks, Societe Generale, has agreed to pay US$1.3 billion in penalties for violating United States trade sanctions on Cuba, authorities announced Monday.US Attorney Geoffrey S. Berman in New York said it was the second-...

Published:Wednesday | November 21, 2018 | 12:00 AM

American prosecutors unsealed an indictment on Monday against a Venezuelan media tycoon close to President Nicol·s Maduro's government, accusing him of paying US$159 million in bribes to top officials in exchange for lucrative foreign-currency deals...

Published:Wednesday | November 21, 2018 | 12:00 AM

Brazil's President-elect Jair Bolsonaro named pro-market reformer Roberto Castello Branco, as future chief executive of the country's state-controlled oil company, Petrobras, on Monday.Castello Branco, a former member of Petrobras' board, has...

Published:Wednesday | November 21, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Seeking to quell market fears, chairman of Sagicor Real Estate X Fund, Richard Byles, said the billion-dollar loss reported in the September quarter was not an indictment of the company's performance, but rather reflected a dip in the price of Playa...

Published:Wednesday | November 21, 2018 | 12:00 AM

Stocks were skidding up to midday Tuesday as weak results from retailers and mounting losses for big technology companies pushed the market back into the red for the year.Energy companies are slumping because of a five per cent drop in the price of...

Published:Wednesday | November 21, 2018 | 12:00 AM

Environmental groups claimed on Tuesday that 10 utility companies are responsible for the majority of premature deaths caused by emissions from coal-fired power plants in Europe.In a report on the health impacts of coal emissions across Europe, five...

Published:Tuesday | November 20, 2018 | 12:00 AM

Nissan Chairman Carlos Ghosn, who became one of the auto industry's most powerful executives by engineering a turnaround at the Japanese manufacturer, was arrested Monday and will be fired for allegedly under-reporting his income and misusing...

Published:Sunday | November 18, 2018 | 12:00 AMSteven Jackson

Local production house ListenMi Caribbean will start production on an animated version of the 1980s sitcom Lime Tree Lane and is set to employ more than 20 persons to work on the series.The production house won't say whether they will draw on...

Published:Sunday | November 18, 2018 | 12:00 AM

Chief executive officer of the Jamaica National Group, Earl Jarrett, has indicated that the group will be tapping diaspora markets for a growth fillip in 2019."We will be further focusing on leveraging our relationship with our diaspora in the...

Published:Sunday | November 18, 2018 | 12:00 AM

Why do managers sometimes flounder when they become executives? One reason: their new role requires them to create a corporate strategy. It's a task for which they have never been trained.The tale has often been told of the just-promoted manager who...

Published:Sunday | November 18, 2018 | 12:00 AM

It is hard to avoid the conclusion that the United Kingdom, a once clear-minded and largely unified nation, is engaged in a process of self-harm over the issue of Brexit.So great have the irreconcilable political divisions become, that potentially...

Published:Sunday | November 18, 2018 | 12:00 AM

QUESTION: I really want to start buying shares from local companies, even maybe from foreign companies like Amazon, but really I am looking at next year, by God's will. How much money would I have to invest in order to get back what I invested, plus...

Published:Sunday | November 18, 2018 | 12:00 AM

Today's article was sparked by two pieces by Gleaner reporter Livern Barrett. The first was published on November 10. It was titled: 'Lawmakers want Gov't to examine certain practices in insurance companies.' Government and the Opposition, it read,...

Published:Sunday | November 18, 2018 | 12:00 AMSteven Jackson

NCB Financial Group Limited (NCB), which operates one of the largest financial entities in the region, will make another bid for additional shares in regional insurance conglomerate Guardian Holdings Limited of Trinidad (GHL) following a...

Published:Sunday | November 18, 2018 | 12:00 AM

LONDON (AP):British Prime Minister Theresa May won support for her beleaguered Brexit deal Friday from key politicians and business groups, but she remained besieged by internal party opponents determined to oust her.In a tumultuous week, May finally...

Published:Friday | November 16, 2018 | 12:00 AM

In the past five years,the Bank of Jamaica, BOJ,has spent US$2.5 billion defending the local currency.That's according to Dr Uma Ramakrishnan, International Monetary Fund, IMF, mission chief...

Published:Friday | November 16, 2018 | 12:00 AM

Get serious. That's the plea from the International Monetary Fund, IMF, which wants the Government of Jamaica to looking more closely at the burden on the public purse and workforce size when prioritising...

Published:Friday | November 16, 2018 | 12:00 AM

Telecommunications company Flow Jamaica, which is turning to so-called hybrid plans meant to have subscribers spend more on its services, is already seeing a six per cent gain in...

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