Citigroup to shed at least 50,000 jobs
Citigroup Inc is shedding approximately 50,000 more employees in the coming quarters as the banking giant struggles to steady itself after suffering massive losses from deteriorating debt. The New York-based bank, which has already reduced its assets...

Economy flagging despite Q3 blip
Economic growth in the third quarter of the year was flat, rounding out overall growth for the first nine months of the year at a -0.3 per cent, according to the Planning Institute of Jamaica (PIOJ). However, Dr Wesley Hughes, director general of the PIOJ...

White House summit gets mixed grades
Last weekend's Washington summit on tackling the world financial crisis did little to dent a looming economic slowdown, but offered developing countries such as China and India an important larger role, European and Asian observers said Monday.Markets...

NES to bring increased exports
The National Export Strategy (NES), scheduled to be implemented in April 2009, will seek to increase Jamaica's exports over time, Arlene Martin, project consultant with Jamaica Trade and Invest (JTI), has said.

Making merry on a tight budget
Traditionally, Jamaicans look forward to the Christmas season to redecorate their houses and surroundings. They are more able to undertake such projects because many companies pay a bonus at this time of year; many banks offer Christmas loans ...