Ex-Im, EFJ holdouts in Walkerswood deal - Rescue syndicate hunts 90% share - May 1 deadline for relaunch
The consortium leading the rescue of spice maker Walkerswood still has two roadblocks to hurdle, and is now engaged in negotiations with, it appears, two former financiers of the St Ann-based company. Ian Garbutt's Associated Manufacturers Limited (AML) and Facey family-controlled...
Date for Canada talks to be decided in one month
Minister of Foreign Affairs and Foreign Trade Ken Baugh says within another month the region will decide on a date as to when talks will begin on the free trade agreement with Canada."At the last COTED meeting we had and the heads of Government meeting...
Red Stripe to oversee Diageo's regional market
Red Stripe Jamaica will take command of Diageo's beer market within the hemisphere, but the company is saying not much will change in the logistics for the manufacturing or brewing and distribution of the English company's brands. But it will also give...
Forestry Department courts private sector
The Forestry Department, now preparing for transition to a performance-based institution in the form of an executive agency, plans to earn a portion of its keep by increasing production of wood in partnership with landowners...
NTCS bus owners get lifeline
State bus company JUTC is throwing a lifeline to private transport operators, saying the more than 150 of them will be considered for sub-licences once their current franchise agreement ends. But Jamaica Urban Transit Company (JUTC) is not promising that the bus owners...
Donor pledges fall short
International donors pledged Tuesday to provide Haiti with US$324 million over the next two years, well below the US$900 million that the country's prime minister says the government needs over that period. The pledges were announced after representatives from more than 30 donor...
Groups question success of Trinidad summit
News reports highlighted the erection of a new wall that did not entirely block the urban blight of Port-of-Spain, others wondered where was the beach amid organisational glitches at the fifth Summit of the Americas. Now civil society groups in the Americas...
Shareholders blast Citi
The anger was evident at Citigroup Inc's annual meeting, where all nominated directors were elected but shareholders took turns at the microphone to object to how the bank has been operating. The meeting is usually a well-attended affair lasting many hours as shareholders...
IFC floats US$3b bond
IFC, a member of the World Bank Group, has floated a five-year $3-billion benchmark on the market Tuesday and within hours it was oversubscribed, with offers topping US$4 billion from an otherwise tight market wary of new risks but hungry for investment...
Delta levies US$50 bag fee amid losses
Delta Air Lines Inc, the world's biggest airline operator, said Tuesday it will institute a US$50 fee for most passengers to check a second bag on an international flight - a first among major US carriers - as it reported a US$794-million first-quarter...