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Business

As international agencies continue to downgrade T&T’s ratings and amid the growing concern about new taxes and foreign exchange shortages, banker turned entrepreneur Wayne Kowlessar is saying that the creation of small businesses can stimulate economic growth in the country.

Housing Minister Randall Mitchell agreed, as he praised Kowlessar’s...

Tuesday, January 18, 2011

NEW YORK—Goldman Sachs Group Inc has prohibited US investors from participating in a private offering expected to raise up to US$1.5 billion for social networking site Facebook, citing widespread media coverage that could run afoul of securities guidelines.

Wednesday, January 19, 2011

SEATTLE—Apple Inc CEO Steve Jobs is taking his second medical leave of absence in two years, raising serious questions about his health and the leadership of a company at the forefront of a personal computing revolution.

Wednesday, January 19, 2011

Overall Market activity resulted from trading in nine securities of which two advanced, one declined and six traded firm.

Wednesday, January 19, 2011

While the country’s banking sector has weathered the global economic crisis relatively unscathed, the banks were criticised for the high cost of doing business.

Monday, January 17, 2011

National Commercial Bank (Jamaica) Limited
(NCBJ) – 13.01.11 National Commercial Bank (Jamaica) Limited has advised the Exchange that on December 21 and 22, 2010, a Director purchased 10,000 and 23,000 NCBJ shares respectively.

Monday, January 17, 2011

Global oil prices have risen too high, too quickly but increased OPEC output will not stem the rise as the climb is driven by demand, the chief executive of French oil major Total said yesterday.

Monday, January 17, 2011

TEHRAN—OPEC’s leading oil price hawk Iran joined Venezuela and Libya yesterday to say it saw no need for the cartel to consider raising crude supplies to rein in crude prices now near $100 a barrel.

Sunday, January 16, 2011

 Works and Transport Minister Jack Warner has described the merger between Caribbean Airlines Ltd (CAL) and Air Jamaica as a good deal and a win-win situation for all. Before a packed ballroom at the Pegasus Hotel on Friday, Warner said the merger which represents one airline, one vision, and...

Sunday, January 16, 2011

The market this week saw a significant decline in trading activity when compared to the previous week. There were 846,429 shares traded on the First Tier Market, which represented a decline of 46.42 per cent on last week’s volume of 1,579,670 shares.

Sunday, January 16, 2011

 BP has signed a joint venture with Russian energy firm Rosneft to exploit potentially huge deposits of oil and gas in Russia’s Arctic shelf. The “strategic global alliance” will see the firms exchange expertise in exploring the region. As part of the deal Rosneft will take five per cent of BP’s...

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