The United States Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signalled that it may now pause the streak of 10 rate hikes that have made borrowing for consumers
AFFORDABLE INSURANCE, which offers protection against the risk of crop losses due to natural disasters, pests and diseases, as well as market volatility, is a welcomed initiative for farmers. However, this should not be seen as a cure-all for their problems, warned Winston Simpson, chief executive officer of the Rural
COME May the Government will have a new partner in the Halse Hall, Clarendon-based Jamalco alumina refinery as its current partner the Noble Group has reached an agreement to sell its stake. A release early Tuesday said Chicago-based Century Aluminum Company agreed to acquire Noble's 55 per cent ownership interest
IN a globalised economy the use of a single, dominant currency allows for ease and efficiency of trading between countries. With each country having their own currency, trading with multiple partners is more difficult when having to pay for goods and services from each trading partner in varying currencies. The
MASTERCARD on Friday announced the introduction of Mastercard Crypto Credential, a set of common standards and infrastructure that will help verify interactions among consumers and businesses using blockchain networks. Mastercard Crypto Credential aims to provide a foundation for financial institutions, governments, brands, and crypto players, ensuring that those interested in
The United States economy slowed sharply from January through March, decelerating to just a 1.1 per cent annual pace as higher interest rates hammered the housing market and businesses reduced their inventories. Thursday’s estimate from the US Commerce Department showed that the nation’s gross domestic product — the broadest gauge
Century Aluminum Company, a United States-based associate of Glencore, will acquire the majority stake in Jamalco for US$1, stripping former owner Noble Group of the lossmaking alumina refinery. The deal is days away from completion. “A wholly owned subsidiary of Century will acquire General Alumina Holdings Limited, a Noble subsidiary
The number of tourists flocking to Jamaica’s sun-drenched beaches soared nearly 100 per cent in the first three months of the year, causing long queues and hours-long waits for arriving passengers at the island’s main airport. Tourism Minister Edmund Bartlett told The Associated Press that the problem stemmed from a
The executor of an estate is the person named in the last will and testament of the deceased entrusted to carry out the wishes of the deceased as specified in their will. The executor of an estate is charged with the duty to faithfully administer the estate according to law
THERE IS always something happening on the stock exchange. The market is soft, but perhaps because of it, to some extent, some listed companies are buying back their shares from investors, and it seems more positive than negative. The GraceKennedy Group announced last month its intention to implement a share
