Thu | Feb 21, 2019

Business

British regulators say the proposed supermarket merger between Sainsbury’s and Walmart’s Asda unit would push up prices and reduce quality for shoppers, casting doubt on a deal that would create the country’s biggest grocery chain. It also serves...
Mauricio Pulido, CEO, GB Energy Texaco Jamaica during  Texaco Centenary Anniversary Press Launch which was held at the Jamaica Pegasus Hotel in Kingston on Tuesday February 19, 2019.

Texaco Jamaica has hit its centenary, but has not lost its vigour. The petroleum marketing company whose top spot in the gas retail market is under threat from acquisitive French rival Total Jamaica, says it has a plan to maintain its edge. GB...

Tarik Perkins is “busy, busy, busy”. It’s the make-it-or-break-it season for Maxfield Bakery, whose Easter buns bring in 49 per cent of yearly revenue. So Perkins and his upsized team are focused on getting ready to spice up the...

A federal control board overseeing Puerto Rico’s finances announced on Monday that it would require more transparency from its vendors following an independent investigation into allegations of conflict of interest. The probe focused on...

KPREIT offloading two condos Kingston Properties Limited, KPREIT, expects to collect US$450,000 from the sale of two condo units in Florida. The sale of the unit located on the Midblock Condominium complex in Midtown, Miami, Florida, has closed,...

Mexican President Andres Manuel Lopez Obrador announced a US$3.9 billion bailout for the country's cash-strapped, state-owned oil company Friday and promised it an additional US$1.6 billion in revenue, making it a rescue package of up to US$5.5 billion.

Honda will close a car factory in western England with the potential loss of 3,500 jobs, British media and a local lawmaker said Monday, in another blow to a British economy made jittery by Brexit.

Proven Investments Limited (PIL) has acquired a 20 per cent stake in events company Dream Entertainment Limited, adding a new line to the company’s portfolio of assets that is largely focused on investment, real estate, and microfinance in...

NCB Financial Group has been forced to extend the closing deadline for its takeover of Guardian Holdings Limited (GHL) because it still has hurdles to clear. Jamaica’s largest banking group needs approvals from Trinidad & Tobago’s...

Large poultry producers Jamaica Broilers Group (JBG), signed a three-year agreement earlier this month with shipping company United Bulk Carriers (UBC) to supply grain to its operations in Jamaica and Haiti. The two companies signed the charter...
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