Business

Updated 6 hours ago

Scotiabank Jamaica minority shareholders back buyout

Minority shareholders of Scotia Group Jamaica (SGJ) voted to accept a buyout by parent company Scotiabank Caribbean Holdings Ltd (SCHL), clearing a key hurdle towards taking the island’s second-largest bank private. On Thursday, SGJ shares dropped 2.0 per cent during midday trading on the Jamaica Stock Exchange (JSE), with sellers offering shares at $72.50.

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09 Oct, 2026 0

Innovative Energy Group cites $900m pipeline

Innovative Energy Group Limited (IEG) said it enters its 2027 fiscal year with about $900 million in signed contracts and letters of intent. Not all of that pipeline will convert to revenue, but the…
JMMB Group head office on Haughton Court, New Kingston.
09 Oct, 2026 0

JMMB prepares to take US$250m Caribbean sustainability bond to market

JMMB Securities plans to court international investors for a US$250-million Caribbean sustainability bond to back pooled climate and development projects. The bond will be issued by Caribbean…
Leacroft Forden (left), managing director of KeFordco Ltd, and Nick Curtis, co-founder of Bocobay.
09 Oct, 2026 0

Bocobay founder eyes seven Caribbean islands as Jamaica push gathers pace

Nick Curtis began by managing one villa in Aruba during the COVID-19 pandemic. Today, the co-founder and CEO of Bocobay runs a vacation-rental company with about 400 homes in four countries, and he…
Oran Hall
09 Oct, 2026 0

Oran A Hall | Inflation winners and losers

Inflation is more than higher prices. It is that creepy force that changes the real value of assets, savings, income and debt. It makes some people better off and others worse off financially, as some…
Premier Cora Richardson Hodge.
09 Oct, 2026 0

Anguilla’s AI domain registration earns US$80m year-to-date, more than all taxes from productive sector

Registration fees for Anguilla’s .ai Internet domain brought in EC$217 million (US$80 million) in the first seven months of 2026 for the nation of under 14,400 residents. The .ai suffix, which marks…
AP A hiring sign is displayed at a food court in a grocery store in Schaumburg, United States, on Wednesday, September 16.
09 Oct, 2026 0

Unemployment benefit claims dipped slightly last week as lay-offs remain low

The number of people applying for US unemployment benefits fell slightly last week as lay-offs remain low and most American workers enjoy job security. The Labor Department said on Thursday that…
AP Vice-President JD Vance speaks during a news conference on the Fraud Task Force inside the White House campus on Thursday, October 8, in Washington, DC.
09 Oct, 2026 0

Vance: Microsoft suspended from programme to apply for green cards for H-1B visa workers

President Donald Trump’s administration is suspending tech giant Microsoft from a programme to apply for green cards for workers who come to the US to live and work using an H-1B visa as it accuses…
AP World Trade Organization Deputy Director-General Johanna Hill (left) and Chief Economist Robert Staiger at a conference on Global Trade Outlook and Statistics, at the headquarters in Geneva, Switzerland, on Thursday, October 8, 2026.
09 Oct, 2026 0

WTO raises merchandise trade growth forecast to 3.9% as AI boom offsets hit from Middle East

The World Trade Organization (WTO) is sharply increasing its forecast for merchandise trade growth worldwide this year, more than doubling its earlier prediction to 3.9 per cent as booming AI…
AP A woman walks by a sign ‘Buy now pay later’ at a store in Bangalore, India, on September 10, 2009.
09 Oct, 2026 0

Americans using buy now, pay later more than ever

Americans spent more than US$160 billion last year using buy now, pay later plans, according to research published by Federal Reserve economists. Experts say they’re increasingly seeing people use the…