Shaw confident Jamaica can still borrow - Gov't needs US$250m to close out requirement
Jamaica's finance Minister Audley Shaw remained confident yesterday in his ability to raise more cash on the international financial markets, despite a worsening global credit crunch in the face of a deepening crisis in America's banking system...
Disruption of feed supplies could cause hike in chicken price
Jamaica's main poultry producer, Jamaica Broilers, warned yesterday of a likely spike in the price of chicken meat and feeds in the face of recent storms in the US Gulf region that have upshot the industry's supply chain. "You are looking at about 25 to 30 per cent increase...
Carib Cement to use barges - Also finished products, too
Caribbean Cement is keeping its options open of using coastal barges to transport products between its plant at Rockfort, Kingston and eastern Jamaica.But where originally the firm had said it intended to use this form of transportation primarily...
Oil prices plunge below US$92
NEW YORK (AP):Oil prices extended their retreat Tuesday, shedding US$10 a barrel in a violent, two-day slide as tumult on Wall Street dims hopes for a swift economic recovery and signals another drop in US energy demand.Light, sweet crude for October...
Feds ease Wall Street jitters ... but crisis remains
NEW YORK (AP): Wall Street closed higher on Tuesday, partly recovering from its worst dive in years after the Federal Reserve said it was keeping interest rates steady amid a stunning upheaval in the American financial system that sent shock waves...
Uncertainty about $300m banana loan
The government will have to write off most - and most likely all - of the nearly $300 million in insurance support it had to provide to banana farmers last year to coax them back into production after Hurricane Dean. But with uncertainty still hanging over the export...
Guyana opposition slams Jagdeo on EPA
GEORGETOWN, Guyana: Guyana's main opposition, the People's National Congress Reform (PNCR) has distanced itself from President Bharrat Jagdeo's repudiation of a trade pact between Caribbean countries and Europe and says it will ignore Jagdeo's call for a meeting...
UK consumer prices spike... officials expect pressure to ease
LONDON (AP): Higher prices for gas and electricity helped drive Britain's consumer price-inflation rate to 4.7 per cent in August, up from 4.4 per cent in July, the Office for National Statistics said yesterday. The Bank of England's chief said he believed...
GM unveils electric-car
DETROIT (AP): General Motors Corp chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car Tuesday and said the turmoil in financial markets should not affect government loan guarantees that would help the US auto industry develop...
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