Business
AIC (Barbados) Limited has formally confirmed its obligation to make principal and interest payments in January totalling US$94.09 million to bondholders, following weeks of tension and a public ultimatum issued by investors. “[We] confirm that...
Comments
The Chicago-based Hyatt Hotels Corporation this week closed its US$2-billion sale of the Playa Hotels...
Financial services firm Proven Group Limited (PGL) expects to earn US$61.7 million in revenue from the sale of its real estate units in St Ann, which would build on its half-year performance. “The group’s performance is still set to benefit from...
Jamaica’s remittance inflows, a lifeline for households across the island, fell sharply in October, registering an 8.3 per cent decline compared with the same month last year. It reflects one of the steepest declines since the start of the 2020...
Supreme Ventures (SVL) announced that discussions are under way to divest the loan portfolio of its subsidiary, Evolve Loan Co, along with select assets, to microlender Dolla Financial Services Ltd. SVL will maintain its exposure to future growth...
US-based PayPal Holdings, Inc has formally applied to set up PayPal Bank, submitting applications to both the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC), the company stated in a release. The move...
Fewer Americans applied for unemployment benefits last week with layoffs remaining low despite a weakening labour market. US applications for jobless claims for the week ending December 27 fell by 16,000 to 199,000 from the previous week’s 215,...
Vodafone Group Plc, one of the world’s largest telecoms companies, has reached a final settlement valued at US$256 million with Vodafone Idea Limited (Vi) over liabilities dating back to their 2017 merger in India. Under the deal, Vodafone will...
Some Federal Reserve officials who supported cutting a key interest rate earlier this month could have instead backed keeping the rate unchanged, minutes released on Tuesday show, underscoring the divisions and uncertainty permeating the central...
A pro-Russian hacking group claimed responsibility for a major cyberattack that halted package deliveries by France’s national postal service just days before Christmas, prosecutors said in December. After the claim by the cybercrime group known as...
US farmers are now learning how much aid they can expect to receive from a US$12-billion package that President Donald Trump announced earlier this month. The US Department of Agriculture released the figures on Wednesday for how much aid per acre...
Imagine the buffet. Forty thousand oysters, lobster worth US$400,000 and a cache of crabmeat all were stolen in separate incidents within weeks of each other in New England. The first seafood vanished on November 22 in Falmouth, Maine, where the...
By some measures, China’s economy is looking resilient, with strong exports and breakthroughs in artificial intelligence (AI) and other advanced technologies. But that is not how it feels for many ordinary Chinese, who have been enduring the strain...
US stocks are slipping in afternoon trading Wednesday as Wall Street closes out a banner year for markets driven by both optimism and uncertainty. The S...
The advice that legendary investor Warren Buffett offered on investing and life over the years helped earn him legions of followers who eagerly read his annual letters and filled an arena in Omaha every year to listen to him at Berkshire Hathaway’s...
West Indies Petroleum Energy (WIP Energy) will set up fuel station outlets along Jamaica’s north and south coasts under its Thrifty Gas brand. It received planning approvals for 11 sites granted by the National Environment and Planning Agency (...
