New day dawns at Jamaica Public Service (JPS)
Marubeni Caribbean Power Holdings, a subsidiary of the Japanese company, Marubeni Corporation, will officially take control of the management of the Jamaica Public Service (JPS) today. But Finance Minister Dr. Omar Davies said Mirant has until the end of this month...
'T&T's oil reserves declining'
Port-of-Spain, Trinidad : The Trinidad and Tobago Government is expected to release details of its latest natural gas audit by mid-month following newspaper reports that the Houston-based audit consultant, Ryder Scott, found an 11 per cent decline in the country's natural....
Financial pressure could affect capital markets
Leading international credit rating agency Standard and Poors (S&P) revised its outlook on United States Investment Bank Bear Stearns to negative from stable last Friday morning reflecting their concern about "recent developments and their potential to hurt its performance"...
'Region must slash energy bill' - CARICOM's Carrington hits at oil dependency
GEORGETOWN, Guyana (CMC): The Caribbean must win the battle against expensive fossil fuel which has spawned economic hardship across member states, says Caribbean Community (CARICOM) Secretary General Edwin Carrington. Addressing the two-day high-level seminar on 'Expanding Bio-Energy...
The NHDC ... not broke
The new head of the National Housing Development Corporation (NHDC), Maureen Webber, is insisting that the agency is not out of funds. "The NHDC is not broke," asserted Ms.Webber. She was responding to queries by Wednesday Business yesterday regarding the financial status...
Life of Jamaica (LOJ) maximises revenue ...Sees marginal increase in profit
In spite of high operations and claims costs, life insurance giant, Life of Jamaica (LOJ), has successfully turned around a 15 per cent profit on revenues of $8.14 billion for the first six months of 2007. At the end of June 2007, the company made a profit ...
Oil prices rise as refinery woes stop slide
(Reuters): Crude oil prices rose yesterday, pulling out of a nosedive after news of new refinery problems in the United States rekindled supply worries during the summer driving season. United States crude oil futures rose US$0.24 cents to US$72.30 a barrel late yesterday...
Trinidad not playing with China toymaker
PORT-OF-SPAIN (Trinidad Express): The Trinidad and Tobago Bureau of Standards (TTBS) says it intends to pay closer attention to toys coming into the country from China and other countries to ensure that substandard toys do not get into the hands of children...
Northwest Airlines' shares rise after pilot strike ends
CHICAGO (Reuters):SHARES OF Northwest Airlines Corp. gained more than five per cent yesterday, bolstered by news that the airline has ended a dispute with its pilots. One analyst said investors in the company have taken comfort in a deal reached last week between Northwest....
Goldman Sachs denies selling Alpha hedge fund
NEW YORK/LONDON (Reuters):Goldman Sachs yesterday denied market talk that it was liquidating its Global Alpha hedge fund, amid a report that the fund had fallen 12 per cent in two weeks. Earlier, several traders said there was persistent market talk that...
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