Brazil’s Vice President Geraldo Alckmin on Friday hailed US President Donald Trump’s order to remove the additional import tariffs on some agribusiness products as “significant progress”, but said the country will keep pushing…
Category: Business & Economy
BOJ holds rates steady amid Hurricane Melissa fallout, expects inflation to return to normal by 2027
The Bank of Jamaica (BOJ) has opted to keep its policy rate unchanged at 5.75 per cent per annum, amid mounting inflation pressures following the passage of Hurricane Melissa. The decision was taken…
Regency sees sales uptick since Melissa
Regency Petroleum Company Ltd expects stronger sales in the wake of Hurricane Melissa. “People are signing up for our membership programme in droves,” according to founder and CEO Andrew Williams in a Financial…
Kaya takes a beating from Melissa
Kaya Limited, operator of cannabis stores in Jamaica, reported strong financial gains for the September quarter. But its next report will be coloured by Hurricane Melissa, which inflicted severe damage across the company’s…
Stocks swing to close US trading week
More swings hit Wall Street on Friday, except the US stock market finished higher this time. After bobbing up and down through the morning, the S…
Verizon to cut more than 13,000 jobs
Verizon is laying off more than 13,000 employees in mass job reductions that arrive as the telecommunications giant says it must “reorient” its entire company. The job cuts began on Thursday, per a…
China pivoting to electric trucks, with implications for global LNG, diesel demand
China is replacing its diesel trucks with electric models faster than expected, potentially reshaping global fuel demand and the future of heavy transport. In 2020, nearly all new trucks in China ran on…
Armstrong and Snower | The stablecoin threat
Stablecoins are on the rise in global finance, promising to facilitate faster and cheaper payments and lead a wave of financial innovation. But what if that wave erodes governments’ control over money and…
Federal Reserve loosens reins on banks
The United States Federal Reserve’s top banking regulator on Tuesday released new guidelines for the agency’s supervision of the financial system, earning praise from industry trade groups and criticism from her predecessor. In…
Wisynco rolling out Legend beer products, Mamba stout in spirited push for revenue growth
Wisynco Group Limited is currently betting on beer to help drive top line growth. At the heart of the push is Legend Beer, the company’s flagship brew, which Chairman William Mahfood says is…