Business

Jamaica has faced its first test by its multilateral creditors with relative ease and is to be rewarded with a drawdown of special drawing rights of 63.7 million or 23.3 per cent of quota, equivalent to about J$8.649...

The Caribbean Development Bank (CDB) says it expects regional economies, which were adversely affected by the global recession in 2009, will begin to show real signs of recovery next year.'In 2010, growth is expected to return to some of the global...

With the price of gold internationally at more than US$1,200 per ounce and the precious metal fetching between J$12,000 and J$14,000 per ounce on the local market, Steve Khemlani, the managing director of the Jewelerama and Khemlani group of companies...

Airone Ventures Limited (AVL), a start-up airline, which three years ago sought a home in Jamaica, is likely to begin operations in Barbados later this year.AVL, which has a Barbados address, is advertising...

Pfizer Inc said Tuesday it will cut 6,000 jobs as it trims its manufacturing capacity worldwide after acquiring smaller rival Wyeth last year.The world's biggest drugmaker says it will cease...

Aviation association IATA on Tuesday slammed European governments for their handling of the volcanic ash crisis, saying the decisions to close airspace had been neither effective nor consistent. Its criticism follows cancellation of 1,000 flights...

China boosted its holdings of United States Treasury debt for the first time in six months.That development could ease concerns that lagging foreign demand will force the US government to pay higher interest rates to finance its debt...

The Institute of Jamaica (IOJ) an agency of the Ministry of Youth, Sports and Culture, will waive entry fees for children visiting its museums and other exhibitions at all locations during Workers' Week scheduled for May 16 to 24....

THEY SPEND hours on the corner, hanging out on the rough end telling stories, dreaming or simply idling. Branded 'unattached' and 'at risk', this worrying group of approximately 140,000 young people between 14 and 24 years...

Churches Cooperative Credit Union Limited (CCCU) is positioning to snap up smaller competing agencies which are expected to become merger or acquisition targets, as new central bank rules are implemented...

Question: I was involved in a motor accident about 10 years ago.

Anishka Clarke has exchanged a career as a financial adviser for that of interior design, swapping cold numbers for what appears to be the warmer, more exciting world of colour and form.