German energy firm to launch IPO in Jamaica

Gleaner on November 13th, 2018 | File Under Business News -

A foreign investor in Jamaica’s largest solar farm under construction in Westmoreland will be floating shares on the Jamaica Stock Exchange, via an initial public offering likely by month-end, as part of a regional plan to raise US$200 million in…

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Jamaica advised to seek durable solution for Windalco, other fiscal risks

Gleaner on November 13th, 2018 | File Under Business News -

The International Mone-tary Fund (IMF) sees emerg-ing fiscal risks for Jamaica - the top three of which relate to the bauxite and energy sectors - which it says will have to be managed carefully so as not to derail the economic programme under way….

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Competition agency okay with NMIA divestment

Gleaner on November 13th, 2018 | File Under Business News -

The Fair Trading Commis-sion (FTC) has determined that adequate safeguards are in place to mitigate the potential anti-competitive effects that may arise from the divestment of Jamaica’s two international airports to the same entity.Last month, the…

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C&W to cancel shares held by minority owners

Gleaner on November 13th, 2018 | File Under Business News -

Telecommunications provider Cable…

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KPMG launches outsourcing arm, but only for one client

Gleaner on November 13th, 2018 | File Under Business News -

Audit and accounting KPMG has invested US$3 million ($380 million) to set up a new outsourcing office in Kingston, formalising a service that it has been offering for two years.Its sole client since 2016 has been KPMG in US, but even with Tuesday’s…

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New Fortress Energy planning Nasdaq listing

Gleaner on November 13th, 2018 | File Under Business News -

New Fortress Energy, the American company that develops gas infrastructures and supplies natural gas to Jamaica, has considered listing its shares on the Nasdaq stock exchange, but has redacted the pricing and amount set for the initial public…

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JetBlue inaugurates flights from Boston to Cuban capital

Gleaner on November 13th, 2018 | File Under Business News -

A JetBlue flight from Boston landed in Havana on Saturday, as the United States airline expanded its routes to Cuba despite a drop in American visitors amid tensions between the countries.The plane with more than 120 passengers on board was received…

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IMF: Mideast - oil producers buoyed by higher prices, for now

Gleaner on November 13th, 2018 | File Under Business News -

Higher oil prices are helping to offset increases in public spending by the Middle East’s oil-exporting heavyweights like Saudi Arabia, with these countries narrowing their budget deficit by US$77 billion, the International Monetary Fund (IMF) said…

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Big benefits as Amazon picks New York, Virginia for HQ

Gleaner on November 13th, 2018 | File Under Business News -

Amazon Inc, which has grown too big for its Seattle hometown, has confirmed that it will split its much-anticipated second headquarters between New York City and Arlington, Virginia.Its New York location will be in the Long Island City neighbour-…

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Oil production cuts under consideration

Gleaner on November 13th, 2018 | File Under Business News -

OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps by as much as one million barrels of oil a day, to rebalance the market after US sanctions on Iran failed to cut Tehran’s output, Saudi Arabia’s energy minister…

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