Cash Plus gets stay of execution
Alternative investment scheme Cash Plus Ltd.yesterday got a stay of execution of the cease-and-desist orders which the Financial Services Commission (FSC) had issued last month. The investment club, however, is not satisfied with the strict conditions which were imposed with the stay...
Bank of Jamaica (BOJ) offers one-year CD
The Bank of Jamaica has offered a new one-year Certificate of Deposit, priced at 13.5 per cent.The subscription remains open to its primary dealers until further notice.The rates on its 30-day to 180-day instruments remain unchanged, said the central...
US economy has lost momentum, says Fed
The United States economy lost momentum heading into the new year as Americans tightened their belts and manufacturers were stung by weak demand for cars and housing-related goods. The U.S. Federal Reserve's new snapshot of business conditions around the country, released Wednesday...
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