The Jamaica Stock Exchange (JSE) will by mid-year start offering ‘blue-green’ bond products as part of the island’s push to invest US$5 billion by 2050 to retard the effects of a hotter climate….
Category: Business & Economy
Financial markets are jonesing for interest rate cuts
FRANKFURT, Germany: European Central Bank President Christine Lagarde pushed back yesterday against market expectations for quick interest rate cuts even as Europe’s economy sputters and financial markets froth in hopes of cheaper credit…
Netflix gains 13m new global 4Q subscribers, unwraps best-ever holiday season results
Netflix registered its third consecutive quarter of accelerating subscriber growth in the final three months of 2023, closing out a comeback year that included a crackdown on viewers freeloading on the video-streaming service…
Gas prices up $0.25, diesel up $0.78
Motorists will pay $0.25 more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $166.14 per litre and a litre of…
Shaw out at DBJ
After less than two years, M. Anthony Shaw is out at the Development Bank of Jamaica, DBJ, a departure that comes in the wake of an investigation launched by the state agency last…
Harmony Cove casino report partners renewing agreement
Harmonisation Limited has shelved plans to hire a project manager for the Harmony Cove casino resort development, but in the meantime, Chairman Jeffrey Hall says the “very complex project” is moving forward. The…
Macy’s rejects takeover bid
Macy’s is rejecting a US$5.8-billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. Arkhouse and Brigade offered US$21 per share for the…
Musson to cement control of Seprod through $1b takeover offer
Having recently purchased a small number of shares that upped its stake in Seprod Limited to just above half of the manufacturing and distribution group, the Musson Jamaica conglomerate is making a takeover…
Jamaicans pour billions more into bank, credit union savings in 2023
Jamaicans increased their savings over the past year, adding nearly $70 billion more to deposit accounts in eight commercial banks, and $14 billion more at credit unions. The numbers represent a eight to…
Musson wants to increase stake in Seprod
Conglomerate Musson Limited, majority controlled by PB Scott and Melanie Subratie, today released an offer to the market to acquire $1 billion worth of additional shares in its listed subsidiary Seprod Ltd. The…