Category: Business & Economy

The Bank of Jamaica has held its key interest rate steady at 7.0 per cent for a third time. Its last increase was in November when the Monetary Policy Committee, MPC, had tacked…

Banks can fail, and often do. Yet whenever this happens, we act surprised. Worse, we look for villains and guilty parties, even when there are none. Risk-loving speculators, greedy investors, regulators asleep at…

Boutique alcoholic beverage manufacturer RJ Rums and Spirits is coming to market in days with a mango liqueur that it will sell under the brand name Orchid. The line will also include other…

Microlender Dolla Financial Services approached investors again for fresh capital, having already run through the $1.2 billion raised less than a year ago, says CEO Kadeen Mairs. This time, Dolla is seeking US$5…

First Citizens Bank is buying much of Silicon Valley Bank, the tech-focused financial institution whose failure this month set off a chain reaction that helped rattle faith in banks. The Federal Deposit Insurance…

FTX founder Sam Bankman-Fried was charged with directing US$40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed Tuesday….

Japan and the United States have reached an agreement on trade in critical minerals for electric vehicle batteries, part of an effort to ensure secure supplies of strategically important resources. The deal due…

Binance and its founder Changpeng Zhao are being sued by the Commodity Futures Trading Commission for numerous alleged violations of the Commodity Exchange Act, CEA, and CFTC regulations. Binance’s former chief compliance officer,…

Alibaba is splitting itself into into six business groups as the Chinese e-commerce company attempts to become more nimble in reacting to changes in the market and increase the value of those units….

Yummy Jamaican Ventures LLC, a start-up run by Jamaican entrepreneur Heather Elliot-Whitehead, is targeting the frozen soups market in New York. Based in Brooklyn, the family-run operation produces its line of Yummy Jamaican…