Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at US$59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. Including…
Category: Business & Economy
UPDATE: Select Brands, Stansfeld Scott partner to acquire Stone’s Ginger Wine
Ringtail International Inc, an equal joint venture between Select Brands from Jamaica and Stansfeld Scott Inc of Barbados and the United States, is finalising the acquisition of Stone’s Ginger Wine, with expectations to…
Select Brands, Stansfeld Scott partner to acquire Stone’s Ginger Wine
Ringtail International Inc, an equal joint venture between Select Brands from Jamaica and Stansfeld Scott Inc of Barbados and the United States, is finalising the acquisition of Stone’s Ginger Wine, with expectations to…
No borrowing for beneficial ownership delinquents, says COJ head
Shellie Leon, acting CEO of the Companies Office of Jamaica, says recent amendments to the Companies Act have introduced fines which penalise companies that fail to make an annual return for beneficial owners…
JN Bank restructures real estate portfolio with Eppley deal
JN Bank Limited has sold 22 buildings-covering 267,000 square feet-for $4.55 billion to Eppley Caribbean Property Fund Limited SCC and the Caribbean Mezzanine Fund II (CMF II), as it becomes the latest financial…
Vintage deal
RINGTAIL International, a 50-50 joint venture company owned by Jamaica-based Select Brands and Stansfeld Scott Inc of Barbados, announced Monday that it has entered into a definitive agreement with Australia-based Accolade Wines to…
Lee-Chin triumphs in dispute with Dominican Republic
Jamaican businessman and investor Michael Lee-Chin has been awarded more than US$43 million in an investment dispute with the Dominican Republic. Lee-Chin obtained a final award from a UNCITRAL Arbitral Tribunal in the…
Care and Love: A therapeutic necessity for children with critical illnesses
According to Dr Sharon McLean-Salmon, Consultant Paediatrician and Haematologist/Oncologist, at the Bustamante Hospital for Children (BHC), paediatric patients dealing with critical illnesses benefit from incorporating play therapy and interpersonal engagement into their treatment…
Harvard’s Claudia Goldin wins Nobel economics prize for research on workplace gender gap
Claudia Goldin, a Harvard University professor, was awarded the Nobel economics prize on Monday for research that helps explain why women around the world are less likely than men to work and to…
Businesses seeing higher inflation
LAST week the Bank of Jamaica (BOJ) announced that it will hold its policy rate at 7 per cent until, at least, its rate-setting Monetary Policy Committee (MPC) meets again at the end…