Shoppers spending more - But merchants say Xmas earnings flattened by inflation
Multilink withdrawals for the month of December are projected to top the $7 billion mark for the first time in any one month, says operators of the Jamaican network. Still, while those estimates are up to $700 million or six to 11 per cent above last year's amount...
It's looking a lot like ... any other month
While the Yuletide season has brought more shoppers out on to the streets, the car parks are congested - though slightly less than last year - some businesses are reporting that commerce is a bit depressed. "Sales have just recently picked up within the last week of Christmas...
Goodyear shareholders to get 80-100% compensation - Miller to take up LatAm assignment
Shareholders of Goodyear Jamaica Limited can expect at least 80 per cent compensation per dollar of assets liquidated, net of debt repayments, the company said last Friday at a meeting that voted unanimously for the plan to wind up the Jamaican...
Oil at US$38 - Forecast to fall to US$25
Oil prices tumbled below $38 a barrel Tuesday on fresh evidence of weakness in the United States housing market and a shrinking gross domestic product that suggests the recession may be worsening.A report by the Commerce...
Halt in the name of socialism - Chavez stops construction, expropriates Caracas mall
Venezuelan President Hugo Chavez says he was heading through downtown Caracas when he was shocked by the sight of a huge, nearly finished shopping mall amid the high-rise offices and apartments."They had already built a monster there," Chavez said...
Christmas in recession - Gallup poll finds spending at 10-year low
Christmas is not cancelled, and Scrooge would still find plenty of merriment to cry "Humbug!" about. But from Paris to Hong Kong and beyond, families are cutting back on Christmas expenses as they try to keep the fires of festive cheer burning in tough economic times.
'Round-the-clock' retail targets the unsleepy - Stores in marathon to Christmas
It's 1:22 a.m. on the day before Christmas Eve and Keith McRae is exactly 10 minutes into his holiday shopping list. Loaded inside a red Macy's bag are a purse and peace-sign jewellery for his 12-year-old daughter and cologne for a friend.