Business

In modern Jamaica, for at least a decade and a half, the idea of creating an inter-national financial centre has been alive, with greater or lesser enthusiasm as the country's projected economic fortunes ebbed and flowed.

Phillip Paulwell is advocating that the Government use its 20 per cent minority interest in the Jamaica Public Service Company (JPS) to break the power generator and distributor's monopoly on the sale of electricity in Jamaica, and allow other producers to sell directly to users.

In four decades of operation, the Jamaica Stock Exchange (JSE) has imposed monetary punishment against infringers of only two rules of the 413 markers it has laid down for orderly stock market trading. But now the exchange's Regulatory and Market Oversight Committee (RMOC) has devised a new schedule of fees covering more of the rules...

The local arm of international mobile giant Digicel Jamaica has embarked on a multimillion-dollar plan to refurbish the Coronation Market.

Clovis Metcalfe has only been in the job for 15 months, but he will soon be handing over control of FirstCaribbean International Bank Jamaica Limited and heading into retirement, the bank said.No successor has yet been...

IBM Corp is increasing its dividend payout by 18 per cent and buying back more of its stock - two moves designed to boost the company's share price.The technology company said Tuesday at its annual shareholders meeting, held this year in Milwaukee, that...

The United Nations agency tasked with reducing rural poverty has approved a debt-relief package for disaster-stricken Haiti in a bid to help the country get back on its feet after the calamitous earthquake that struck the...

Failing to curb federal budget deficits would do "great damage" to the United States economy in the long run, US Federal Reserve Chairman Ben Bernanke warned Tuesday.

The World Bank-sponsored Caribbean Catastrophe Risk Insurance Facility (CCRIF) is searching for a new supervisor of the three-year-old regional insurance fund, saying the first management contract has run its...

FirstCaribbean International Bank Limited (FCIB) has partnered with an American telecoms firm to offer banking services on the go to customers across the banking group's 17 regional markets.The service is free to customers, who FCIB said can now check...

Hertz Global Holdings Inc said Monday it has agreed to buy rival Dollar Thrifty Automotive Group for about US$1.17 billion in cash and stock as it tries to expand its vacationer business.

The United States Treasury Department said Monday that it plans to sell up to 1.5 billion shares of Citigroup stock, its latest move to unwind the support it provided big banks during the financial crisis.