Business

Saudi Arabia vows to slash oil exports after price slide

Thursday, January, 10 2019    

Riyadh , Saudi Arabia (AFP) — OPEC kingpin Saudi Arabia said yesterday it would slash its oil exports by 800,000 barrels per day (bpd) in January and promised further cuts as producers move to shore up tumbling prices. Read More

Kim's resignation renews call for change to Middle-Income designation

Thursday, January, 10 2019    

At least one Foundation has welcomed the resignation of World Bank President Dr Jim Yong Kim, arguing that his departure offers the World Bank an opportunity to re-evaluate a controversial process that determines which countries are considered middle income and low-... Read More

Knutsford Express raises $150M in bond issue

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, January, 9 2019    

Transportation company Knutsford Express Services Limited has successfully raised $150 million through a private bond, which it has partially used to fund the acquisition of a small bus charter company in Florida. Read More

Neglect tourism at peril of economy — Tarlow

BY HORACE HINES Observer staff reporter | Wednesday, January, 9 2019    

MONTEGO BAY, St James — International security expert Dr Peter Tarlow is warning that failure to protect the tourism Industry is tantamount to committing economic suicide. Read More

Fontana lists on the Junior Market

Wednesday, January, 9 2019    

Fontana Pharmacy yesterday placed its ticker on the Junior Market of the Jamaica Stock Exchange after being oversubscribed by roughly four times its Initial Public Offering (IPO) target of $468 million. Read More

Oppostion against 'hostile takeover' of Petrojam

Wednesday, January, 9 2019    

The Opposition has come out against Government's decsion to use legislative action to take back Venezuela's 49 per cent share of Petrojam. Read More

No scandal here!

With Alexis Robinson | Wednesday, January, 9 2019    

On Christmas Eve, the Government of Jamaica gave us an early gift by signing and publishing in the Jamaica Gazette 2 Ministerial Orders banning importation, distribution, manufacture and use of commercial quantities of single-use plastic. Read More

Social media in finance

by CLIVE WEBB | Wednesday, January, 9 2019    

SOCIAL media is having an impact on our business lives. The immediacy of response, once an expectation, is now a given. How do finance functions address this? Read More

Jamaica to take over Venezuela's 49% stake in Petrojam

Wednesday, January, 9 2019    

The Government of Jamaica has announced that it will take legislative action for ownership of the 49 per cent share in the local oil refinery, PetroJam, held by Venezuelan state-owned oil and natural gas company, PDV Caribe. Read More

Press briefing on shares in Petrojam

Kamina Johnson Smith | Wednesday, January, 9 2019    

Below are the notes from Minister of Foreign Affairs Kamina Johnson Smith in her press breifing yesterday: Ladies and gentlemen of the media, thank you all for being here today for us to address a matter related to Jamaica's energy security. Read More

Modi plans jobs quota for India's 'upper caste poor'

Wednesday, January, 9 2019    

NEW DELHI, India (AFP) -- Prime Minister Narendra Modi's g overnment announced plans Monday to set aside a quota of government jobs for poorer members of India's upper caste, months before what looks set to be a challenging re-election... Read More

Victims of Venezuela crisis despair at prospect of second Maduro term

Wednesday, January, 9 2019    

CARACAS, Venezuela (AFP) — A public transport employee who doesn't earn enough to feed himself, a doctor who watches his patients die for lack of medicines, a lawmaker without a legislature, three generations of one family emigrating — the list of victims of Venezuela's... Read More

Samsung Electronics flags near 30% slump in Q4 operating profit

Wednesday, January, 9 2019    

SEOUL, South Korea (AFP) -- Samsung Electronics on Tuesday flagged its first quarterly profit drop in two years and painted a grim outlook owing to mounting competition from Chinese smartphone makers and declining chip prices. Read More

In space, the US sees a rival in China

Wednesday, January, 9 2019    

WASHINGTON, United States (AFP) — During the Cold War, US eyes were riveted on the Soviet Union's rockets and satellites. But in recent years, it has been China's space programmes that have most worried US strategists. Read More

Samsung launches remote access

Wednesday, January, 9 2019    

Samsung Electronics Co, Ltd. recently announced Remote Access, a new feature that will be available on its Smart TV lineups starting in 2019. The announcement was made ahead of the annual CES 2019 consumer electronics show currently taking place in Las Vegas this week. The event features... Read More



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