Business

The Inter-American Develop-ment Bank (IDB) says it has found that psychometric testing is a good predictor of creditworthiness and a cost-effective way for financial intermediaries in Latin America and the Caribbean to reduce the costs of their...

The price of oil rose more than two per cent Thursday as the European Central Bank cut its key interest rate to a new low and US unemployment claims dropped.But natural gas was headed for its biggest decline since August after US supplies rose much more...

The initial public offering for Caribbean Cream Ltd (CCL), operating as Kremi, closed on Wednesday, nine days ahead of the deadline for subscriptions because it was oversubscribed.The offer, which opened on April 25, was expected to be closed on May 10...

CIBC FirstCaribbean International Bank (FCIB) said it will cooperate with authorities following revelations that a federal court in California has authorised the Internal Revenue Service (IRS) to serve a 'John Doe' summons seeking information about US...

AP Capital Partners, a United States-based private equity firm, has named Victoria Mutual Wealth Management Limited as arranger for a deal to raise US$7.5 million from Jamaican investors. The funds will be used...

The Belize government is to launch a national bank that Prime Minister Dean Barrow said should place pressure on commercial banks to reduce lending rates to consumers in the future.Barrow said the National Bank of Belize Limited will have a start-up...

After all, China isn't the United States' biggest creditor.America is. The bulk of the national debt - soon to exceed a staggering US$17 trillion - is held by the Federal Reserve, Social Security (public pension) system, private pension plans...

MONSTER BEVERAGE is suing San Francisco's city attorney over demands that the company reduce the amount of caffeine in its energy drinks and stop marketing to minors.The company, based in Corona, California, says it's being unfairly singled out by City...

A new report released in Washington, United States, says remittances to Latin America and the Caribbean showed a slight increase in 2012 compared to the previous year.The report, titled 'Remittances to Latin America and the Caribbean in 2012: Differing...

The National Debt Exchange (NDX) will shave some $23 billion from the investment profile of the Bank of Jamaica (BOJ), cutting into its cash flow, but according to an economist, it should not affect...

KINGSTON WHARVES Limited (KWL) has acquired the stevedoring operations of Shipping Services (Stevedoring) Limited for some $122 million in an effort to expand and improve the range of services it offers...