In Thursday’s trading session the following reflects the movement of the JSE Indices: . The JSE Combined Index advanced by 2,310.43 points (0.62%) to close at 375,296.88 points and the volume traded amounted…
Category: Business & Economy
Seprod enters real estate with housing development in St Thomas
Seprod Ltd, the manufacturing conglomerate, plans to break ground on its first housing development, a joint venture with parent company Musson Group on 3,000 acres of agricultural land at Belvedere in St Thomas….
Hanover losses spotlighted in Lloyd’s study on Caribbean insurance gaps
A study commissioned by Lloyd’s, the London-based insurance and reinsurance marketplace, found that farmers, fishers and tourism workers in three hurricane-exposed Caribbean countries — Jamaica, Barbados and Grenada — are left to replace…
JMMB’s Dom Rep arm deploys US$11m to solar, wind through fund
JMMB Group’s Dominican Republic (DR) fund management subsidiary has placed US$11 million (J$1.5 billion) in renewable energy investments through its Sustainable Energy Fund, marking one of the more concrete examples of a Caribbean…
Oil prices jump, Dow drops more than 1,100 as sinking AI stocks drag Wall Street lower
Oil prices got back to jumping on Wednesday, while sinking technology stocks dragged Wall Street lower amid uncertainty about what the Federal Reserve will do to get high inflation under control. The S&P…
US economy grows at sluggish 1.5% in Q2 with inflation remaining high
The US economy expanded at a sluggish 1.5 per cent pace from April through toJune as rising imports weighed on growth, yet consumers continued to spend. And the Federal Reserve’s favoured measure of…
Why Jamaican athletes should prepare for life after sports
Our athletes are busy, and there are opportunities for professionals and amateurs. Some are making good money, and others are on the cusp. But money can be fleeting and the active years relatively…
Microsoft beats Wall Street expectations with US$90b in revenue
Microsoft posted strong results for its quarterly earnings on Wednesday, beating expectations and showing strong growth in its cloud computing platform and a boost in paid AI users. The Redmond, Washington company earned…
Russia accuses Telegram CEO of aiding terrorism
Russian authorities said on Wednesday that tthey had charged Pavel Durov, the founder and CEO of the messaging app Telegram, with aiding terrorism, the latest step by the Kremlin to bring the Internet…
Fed leaves interest rate unchanged but with 3 dissents as Warsh praises ‘good family fight’
The US Federal Reserve left its key interest rate unchanged Wednesday, although three officials dissented in favour of higher rates as the central bank wrestles with how to deal with persistently high inflation….