The Government of Jamaica (GOJ) wants to pay out investors holding three bonds valued at US$2.33 billion, offering premiums above face value on the debt. “GOJ announces an invitation for offers to tender…
Category: Business & Economy
Financial insights from the rain
Three afternoons of rainfall have made a world of difference – cooler temperatures, greener, healthier-looking plants and grass. Although it is still early to say the drought has ended, the crops will bounce…
Judge orders changes to Google’s digital ads business but spares it from a break-up
A federal judge on Wednesday ordered Google to retool the system powering its monopoly in digital advertising, sparing the company from a wrenching break-up sought by the US government. The initial two-page decision…
Scams in the US are at a record high, yet most victims get no help
When Simon’s wife of 43 years passed away, it felt a bit like he’d died too. In his overwhelming grief, Simon sought companionship online, like so many other lonely widows and widowers. Almost…
Fox News parts ways with long-time host Maria Bartiromo
Fox News Media announced on Thursday that its host, Maria Bartiromo, is no longer with the company after more than 12 years. “We thank Maria for her work,” a statement read, “and wish…
H10 Hotels rebrands its Trelawny property as an adults-only luxury resort
Spain-based H10 Hotels will convert its Ocean Eden Bay property in Coral Spring, Trelawny, into an adults-only luxury resort under a new brand. Effective November 1, the Jamaican property will be renamed Ocean…
Purity plans 18-month plant overhaul
Consolidated Bakeries Ltd, which trades as Purity, has warned shareholders it will take production offline at points over the next 18 months as it installs new plant. Also, its second-half results will carry…
Nearly $6 billion worth of SVL shares remain with major holder
Ian Levy, the third-largest shareholder in Supreme Ventures Limited (SVL), has transferred his direct stake in the company to a holding entity of which he remains the beneficial owner. It forms part of…
AI boom heats up Bay Area housing market as wealthy buyers drive demand for high-end homes across US
Here’s another place the artificial intelligence (AI) frenzy is making itself felt: the market for luxury homes. High-income earners, many of them employees at AI companies, are snapping up multimillion-dollar houses in the…
Fast-fashion giant Shein’s shares fall after Hong Kong trading debut that spotlights its China roots
Shares in fast-fashion online retail giant Shein fell as much as 10 per cent after they began trading on Hong Kong’s stock market on Tuesday, after a long delay in the company’s plans…