Fri | Sep 20, 2019

Business

Businessman Gassan Azan has already pumped $200 million into the acquisition of 100 acres of land in Lakes Pen, St Catherine, setting the foundation for a large farming operation that will eventually span four times that land space once he can...
A section of a Sandals resort.

The possible sale of Sandals Resorts International’s chain of hotels is back in the news, but CEO and Deputy Chairman Adam Stewart is playing down the report as nothing new. The last time such reports surfaced was in 2017. Stewart did not...

Financial conglomerate JMMB Group Limited expects to more than double its annual profit by March 2022 to $9 billion, arising from the stake being acquired in Barbados-based regional insurance provider Sagicor Financial. The Jamaican company is...

Japan’s central bank opted Thursday to keep its monetary policy unchanged despite the growing signs of trouble that prompted the Federal Reserve to cut its benchmark rate. The Bank of Japan (BOJ) said in its policy statement that exports,...

A recession looms for Germany, and the European Central Bank is pleading for governments to spend more to revitalise economic growth. Yet despite having the luxury of borrowing money for less than nothing, the German government is keeping a tight...

California’s governor on Wednesday signed sweeping labour legislation that aims to give wage and benefit protections to ride-share drivers at companies such as Uber and Lyft, and to as many as a million workers across other industries. The closely...

  The Bank of Jamaica, BOJ, is projecting that the increased use of liquefied natural gas in electricity generation in the December 2019 quarter is expected to translate into relatively lower electricity rates. International oil prices are...

  Chairman of J Wray & Nephew Limited Clement ‘Jimmy’ Lawrence has taken the reins as chairman of the Spirits Pool Association Limited, the 87-year-old umbrella organisation made up of rum distillers in Jamaica, amid a quarrel...

A sharply divided US Federal Reserve cut its benchmark interest rate Wednesday for a second time this year, but declined to signal that further rate cuts are likely this year. The Fed’s move reduced its key short-term rate – which influences many...

Hyperion Equity Inc, a firm formed by Zachary Harding, has announced plans to acquire a minority stake in SSL Growth Equity Limited (Barbados), the parent company of Stocks and Securities Limited (SSL Jamaica). A Belize registered international...
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