Tue | Dec 11, 2018

Business

Goodyear Tire & Rubber Company is halting production in Venezuela, making it the latest international corporation to abandon a South American nation in economic crisis, officials said Monday...

Insurance company Guardian Life Limited and its former vice-president and actuary, Catherine Allen, are locked in a legal battle in a claim she filed for wrongful dismissal.The case also involves Guardian's decision to tap $1.25 billion of its...

The returns on local equities more than doubled returns on foreign currency investments during the September quarter, the Bank of Jamaica, BOJ, has reported.Equities delivered 14 per cent return over the quarter compared to six per cent for hard...

Grace Foods (USA), Inc. a company owned by GraceKennedy Limited, said it will be acquiring a 49 per cent equity stake in a new joint venture company, Majesty Foods, a Florida-based manufacturer of patty and empanada products. The range of Majesty...

Jamaica's lottery company, Supreme Ventures Limited, SVL, has converted the Satro building in Georgetown, Guyana, into space for its video-gaming operation, which debuts in that market next...

Banking conglomerate Scotia Group Jamaica Limited recorded a soft fourth quarter, but still closed the year with marginally higher profit of $12.8 billion.Those results were just 2.6 per cent better...

Bank of Jamaica, BOJ, exited the foreign exchange market this week after buying up more than US$10 million, saying it was satisfied that demand and supply could be met for the remainder of the year, in...

Elite Diagnostic Limited is setting up a third location near Drax Hall, St Ann, that is set to open for business by next July.The medical imaging provider expects to generate business for its new branch along the...

Alignvest Acquisition II Corporation, the Canadian entity seeking to acquire Sagicor Financial Corporation, has negotiated initial three-year contracts with the country heads in Barbados...

Last week, I provided evidence of a lack of competition in the Jamaican banking sector. As one possible remedy, I praised the issuance of a commercial banking licence to Jamaican National, JN, and recommended the...
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