Category: Business & Economy

A federal fraud trial began Monday for the owner and chief financial officer of a hedge fund that collapsed when it defaulted on margin calls, costing leading global investment banks and brokerages billions…

Omni Industries Limited, a maker of PVC plastic pipes and crates, is floating its shares on the market to raise $500 million to finance the company’s expansion and modernisation agenda. “This IPO and…

Remittance inflows amounted to US$500 million for the first two months of the year, which was flat compared to year-earlier levels. “Jamaica’s growth of 0.1 per cent is in contrast to growth of…

New Fortress Energy, NFE, the company that fuelled Jamaica’s shift towards liquefied natural gas, this week announced plans for a similar transition in Puerto Rico. The American company also plans to raise cash…

The sale of the Holiday Inn hotel in Montego Bay to Catalonia Hotels…

FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. FTX said…

The IFC, the private sector arm of the World Bank Group, plans to invest US$15 million and provide technical support in the ongoing second round of funding for Portland Caribbean Fund III, managed…

The Tourism Product Development Company, TPDCo, plans to spend just over $50 million to set up destination “jamiconic” signs at five destinations frequented by tourists. The locations are Falmouth, Ocho Rios, Holland Bamboo,…

Apple Inc disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial…

Caribbean Cement Company Limited, the sole maker of cement in Jamaica, racked up more than $7 billion in sales over three months ending March and reported increased profits, reflecting the robustness of the…