Category: Business & Economy

HONG KONG (AP): A Hong Kong court ordered China Evergrande, the world’s most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and…

Movie enterprise Palace Amusement Company is getting ready to complete an upgrade that facilitates Art 4DX technology at its Carib Five cineplex in Cross Roads in Kingston Melanie Graham, marketing manager and director,…

Light and power company Jamaica Public Service (JPS) plans to hire additional maintenance firms to manage its distribution system which includes high-power wires, transformers and over 300,000 poles. JPS operations are split between…

The Jamaica Stock Exchange (JSE) will by mid-year start offering ‘blue-green’ bond products as part of the island’s push to invest US$5 billion by 2050 to retard the effects of a hotter climate….

FRANKFURT, Germany: European Central Bank President Christine Lagarde pushed back yesterday against market expectations for quick interest rate cuts even as Europe’s economy sputters and financial markets froth in hopes of cheaper credit…

Netflix registered its third consecutive quarter of accelerating subscriber growth in the final three months of 2023, closing out a comeback year that included a crackdown on viewers freeloading on the video-streaming service…

Motorists will pay $0.25 more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $166.14 per litre and a litre of…

After less than two years, M. Anthony Shaw is out at the Development Bank of Jamaica, DBJ, a departure that comes in the wake of an investigation launched by the state agency last…

Harmonisation Limited has shelved plans to hire a project manager for the Harmony Cove casino resort development, but in the meantime, Chairman Jeffrey Hall says the “very complex project” is moving forward. The…

Macy’s is rejecting a US$5.8-billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. Arkhouse and Brigade offered US$21 per share for the…