Thu | Apr 25, 2019

Business

Published:Thursday | April 25, 2019 | 12:18 AM

Boeing estimates that it will spend US$1 billion to fix the 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people. The estimate was...

Published:Wednesday | April 24, 2019 | 12:21 AMSteven Jackson/Senior Business Reporter

Proven Wealth Limited has launched a platform that allows Jamaican investors more options to live-trade US stocks at cheaper prices, becoming the second local broker known to offer such services. “Customers are demanding this,” said Johann Heaven...

Published:Wednesday | April 24, 2019 | 12:20 AM

OP-ED CONTRIBUTION: LEGAL AFFAIRS Companies considering a merger with or acquisition of a competitor in their market should consider whether that transaction may run afoul of the competition legislation. Such a transaction could potentially...

Published:Wednesday | April 24, 2019 | 12:19 AM

United States auto safety regulators have expanded an investigation into malfunctioning airbag controls to include 12.3 million vehicles because the bags may not inflate in a crash. The problem could be responsible for as many as eight deaths....

Published:Wednesday | April 24, 2019 | 12:18 AM

Energy analysts at Raymond James & Associates are warning that US imposition of tougher Iranian oil sanctions is “unambiguously bullish” for the price of oil...

Published:Wednesday | April 24, 2019 | 12:18 AMSteven Jackson/Senior Business Reporter

Jamaican households are servicing three times more debt than a decade ago. The Bank of Jamaica (BOJ) is reporting that $56.60 of every $100 of household income goes towards the servicing of personal loans, the highest level mapped by the central...

Published:Wednesday | April 24, 2019 | 12:18 AM

National Commercial Bank (NCB) has developed a new online portal for mortgages that is meant to move loans through the door more speedily. It is part of the bank’s digital initiative, the Agile lab, which has now grown to 10 services since its 2017...

Published:Wednesday | April 24, 2019 | 12:16 AM

Jamaican exports grew by nearly 38 per cent last year, a pace that was nearly four times faster than the rise in imports. Still at a value of US$1.88 billion, the goods that Jamaicans sell to foreign markets was less than a third of the products...

Published:Wednesday | April 24, 2019 | 12:16 AMSteven Jackson/Senior Business Reporter

The David Boxer auction held earlier this month provided a snapshot of the state-of-art investment in Jamaica, with just half the nearly $20 million worth of pieces on sale finding buyers. The auction saw the unlocking of 101 works by a series of...

Published:Wednesday | April 24, 2019 | 12:15 AMAvia Collinder/Business Reporter

Adjustments to the law that polices credit bureaus are under consideration, a development that two of the three players say should open up the market to new products and services that they are currently barred from selling. Craig Stephen, CEO of...

Published:Wednesday | April 24, 2019 | 12:10 AM

Twitter Inc on Tuesday trumpeted strong quarterly growth in earnings and users. The company said net income for the first three months of the year rose on strong ad demand. Daily users rose 11 per cent to 134 million for the first quarter of 2019,...

Published:Sunday | April 21, 2019 | 12:20 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER An initial public offering, or IPO, is the offering of shares in a company to the general public for the first time. IPOs may be made by start-up companies or companies that have been in business for a...

Published:Sunday | April 21, 2019 | 12:19 AM

ADVISORY COLUMN: PRODUCTIVITY How can a manager be promoted, only for others to discover that he lacks certain basic, foundation skills? Someone somewhere dropped an easy ball that could have been corrected if the company had the right perspective...

Published:Sunday | April 21, 2019 | 12:19 AM

ADVISORY COLUMN: INSURANCE HELPLINE QUESTION: I was involved in an accident near Black River in February. A truck drove into the left side of my car. It was travelling on a minor road. I was on the main road. The driver admitted to me that he...

Published:Sunday | April 21, 2019 | 12:18 AM

Honda is slowing production of Accord and Civic cars as American buyers continue to favour SUVs and trucks. The Japanese automaker said Thursday that it will temporarily idle a second-shift production line in August at its Marysville, Ohio,...

Published:Sunday | April 21, 2019 | 12:13 AM

One initial public offering of shares, two stocks zooming higher. Investors on Thursday pounced on their first chance to buy shares of Zoom Video Communications, the video-conferencing company that had its initial public offering of stock. Its...

Published:Sunday | April 21, 2019 | 12:08 AM

At first glance, the graffiti reading “Un pais normal?” seems ambiguous in Venezuela’s frayed capital, where the government brandishes slogans like clenched fists and the opposition lobs insults at President Nicolás Maduro. But the message on the...

Published:Sunday | April 21, 2019 | 12:05 AM

The Court of Appeal has refused to grant permission to businessman Winston Finzi to challenge a lower court’s judgment in favour of the Jamaica Redevelopment Foundation (JRF) which sold his property in St James after he defaulted on a settlement...

Published:Friday | April 19, 2019 | 12:12 AM

Financial conglomerate Sagicor Group Jamaica has bundled its holdings in financial stocks into a single entity, Sagicor Select Funds Limited, which it aims to float on the stock market as an exchange traded fund or ETF. It’s one of two ETFs that...

Published:Thursday | April 18, 2019 | 12:30 AMAvia Collinder - Business Reporter

Investors Keith and Paula Russell have joined with principals in a Qatari firm to deliver a 8,000-room, all-inclusive beachfront resort development in Duncans, Trelawny, for which ground was broken on April 12. Designed in the form of a township,...

Published:Thursday | April 18, 2019 | 12:30 AM

Luxury coach Knutsford Express Services Limited will build a new terminal at Drax Hall, St Ann, in proximity to the exit point for the highway, financed in part by a $150-million bond. “We are looking to do a hub-and-logistics-type development in...

Published:Thursday | April 18, 2019 | 12:29 AMMcPherse Thompson - Assistant Editor-Business

The Caribbean Court of Justice, CCJ, on Wednesday ruled that the regional tax payable on ‘other hydraulic cement’ – a product used to stop water and leaks in concrete and masonry structures – should be set at five per cent. The ruling endorses a...

Published:Thursday | April 18, 2019 | 12:29 AMNeville Graham - Business Reporter

Jamaica’s most populous fast food enterprise KFC is about to get bigger, and its boss, Mark Myers, is looking to add new enticements to the product line up in its stores, possibly through a new franchise arrangement. Restaurants of Jamaica, ROJ,...

Published:Thursday | April 18, 2019 | 12:26 AMHuntley Medley - Senior Business Writer

The global nutraceuticals market is reported to be valued at in excess in US$200 billion with projections that it will top US$300 billion in the next five years, pushed by changing population, health and dietary trends. Those numbers underpin the...

Published:Thursday | April 18, 2019 | 12:25 AM

Apple and mobile chip maker Qualcomm have settled a bitter financial dispute centred on some of the technology that enables iPhones to connect to the Internet. The surprise truce announced Tuesday came just as the former allies-turned-antagonists...

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