Business
The planned divestment of Jamaica Mortgage Bank, JMB, via the stock market contemplates a carve out of a large chunk of the bank for sale to a key investor prior to the public offer of shares. But the deal to be struck won’t be consummated until...
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Bondholders in Specialty Coffee Investments Company Limited, an outfit connected to businessman and investor Michael Lee-Chin, voted to extend the maturity of a bond by three months, but more negotiations could follow. The initial extension is days...
Mayberry Jamaican Equities Limited, MJE, plans to raise up to $3.3 billion in a bond offer that closes next month. The coupon rates are slightly lower than the large bond raised by its parent a year earlier. The company said it intends to use the...
The International Monetary Fund says Latin America and the Caribbean, LAC, has showed “quite a bit of resilience” and that the rebound from the COVID-19 pandemic has been stronger than previously expected. “We see resilience partly as a result of...
Prime Minister of St Vincent and the Grenadines Dr Ralph Gonsalves has written to the World Bank opposing a move to increase its interest rate and shorten loan repayment periods to countries. In his letter, which was also copied to 193 leaders...
The world’s largest 3D printer has created a house that can cut construction time and labour. An even larger printer unveiled on Tuesday may one day create entire neighbourhoods. The machine revealed Tuesday at the University of Maine is four times...
Mexican fundraisers can now solicit donations on GoFundMe, the company announced Tuesday, as the crowdfunding giant expands into what it hopes is the first of more untapped Latin American markets to follow. Mexico marks the 20th country serviced by...
Since the term “war for talent” was coined by McKinsey’s Steven Hankin in 1997, talent management, or TM, has become an important strategic focus of many companies. War for talent refers to the increased competition among recruiters in the search...
Since the onset of the COVID-19 pandemic, the developing world has faced growing public-sector debt vulnerabilities. Interest-rate hikes and limited access to international capital markets have only exacerbated the problem – so much so that even...
Despite a small dip in US vehicle sales, General Motors’ first-quarter net income rose more than 25 per cent on strong deliveries of pickup trucks and other higher-profit vehicles. The automaker said that while its average sales price per vehicle...
PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages. The Purchase, New York-based company said revenue rose two per cent to US$18.3 billion for the January-April period....
Officials in Baltimore plan to open a deeper channel for commercial ships to access the city’s port starting on Thursday, marking a significant step toward reopening the major maritime shipping hub that has remained closed to most traffic since the...
The United States Federal Trade Commission, FTC, sued to block Tapestry Inc’s US$8.5 billion acquisition of Capri Holdings Ltd, saying that the deal would eliminate direct head-to-head competition between the fashion companies’ brands like Coach...
Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China released Tuesday. The survey of US companies said inconsistent and...
An artisan roastery based in the Finnish capital has introduced a coffee blend that has been developed by artificial intelligence, in a trial in which it’s hoped that technology can ease the workload in a sector that traditionally prides itself on...
The value of equities on the Jamaica Stock Exchange rose just above $2 trillion at the end of the March quarter, with some market experts describing the period as one of quiet buying. Overall, market capitalisation has risen by around $72 billion...
