GOJ tests the market with 12% bond
In a test of the market on Tuesday, the Government of Jamaica floated a two-month treasury bond that is not only significant for its tenure but was priced at a fixed 12 per cent per annum, in line with goals of the new debt management initiative...
McConnell acquires sugar lands - But unhappy with the deal
Peter McConnell, managing director of Worthy Park Estates, has acquired additional cane lands from Government to increase production, but says his plan for the property is limited by the terms of the lease agreement...
Dunlop Corbin, Prism to merge
Two of Jamaica's advertising houses Dunlop Corbin Communications (DCC) and Prism Communications Limited are merging operations to stay afloat in a recession-hit market.The merged entity will be called DCC Prism Limited."The advertising pie has not grown...
Business, consumer confidence poles apart
Business confidence among Jamaican firms improved in the last quarter of 2009, but consumer confidence continued to decline, researcher Professor Richard Curtain said Tuesday."When you combine the two indices, you can see that confidence is rather flat...
JSE amends rules on costly prospectus
The Jamaica Stock Exchange (JSE) has amended its rules to no longer require news-paper publication of a prospectus as precursor to listing shares, that could cut a million dollars or more off the bill to launch an initial public offering (IPO)....
Alcoa sales slide, losses shrink
Alcoa Inc on Monday reported a smaller net loss for the fourth quarter, though revenue shrank as higher metal prices were offset by ongoing weakness in aerospace, construction and gas turbines businesses...
Venezuela shutters stores to halt price hikes after currency devaluation
Soldiers accompanied government inspectors as they temporarily shut down dozens of retail stores in Venezuela on Monday, aiming to prevent hefty price hikes after the country devalued its currency. Inspectors from the consumer protection agency closed...
Alcoa sales slide, losses shrink
Alcoa Inc on Monday reported a smaller net loss for the fourth quarter, though revenue shrank as higher metal prices were offset by ongoing weakness in aerospace, construction and gas turbines businesses...