Business News Jamaica

  • SRI LANKA- The central bank cut its key interest rates by 50 basis points on May 31, as widely expected, to support its faltering economy as overall business and consumer confidence slumped following last month's deadly bomb attacks. TAJIKISTAN- The central bank reduced the refinancing rate to 13.25% from 14.75% on May 31. ANGOLA- Angola's central bank cut its...

  • LONDON, May 1- Interest rate cuts by emerging market central banks outstripped rate hikes for a third straight month in April, taking their cue from the dovish turn of major central banks from the U.S. UKRAINE- Ukraine's central bank trimmed its main interest rate to 17.5 percent on April 25, the first decrease in the past two years. INDIA- The central bank cut the...

  • *China says BRI to provide sustainable, high-quality growth. BEIJING, April 27- President Xi Jinping on Saturday hailed deals worth more than $64 billion signed during China's Belt and Road Initiative this week as he sought to reassure skeptics the project will deliver sustainable growth for all involved. Xi said market principles will apply in all Belt and...

  • PORT-AU-PRINCE, April 14- A dispute between Haiti and a U.S. energy trading firm is leading to long blackouts and fuel shortages in the Caribbean nation, feeding anger at President Jovenel Moise's government following the collapse of a supply deal with Venezuela last year. The Western Hemisphere's poorest nation, Haiti long relied on fuel shipments from...

  • PORT-AU-PRINCE, April 14- A dispute between Haiti and a U.S. energy trading firm is leading to long blackouts and fuel shortages in the Caribbean nation, feeding anger at President Jovenel Moise's government following the collapse of a supply deal with Venezuela last year. The Western Hemisphere's poorest nation, Haiti long relied on fuel shipments from...

  • LONDON, April 4- Emerging market central banks interest rate cuts outstripped interest rate hikes for a second straight month in March, taking their cue from major central banks from the U.S. NIGERIA- In a surprise move, the central bank cut its benchmark interest rate to 13.5 percent from 14 percent on March 26 as part of an attempt to stimulate growth in Africa's...

  • PRETORIA- South Africa Reserve Bank starts its three-day monetary policy committee meeting. BEIJING- Governor of the People's Bank of China Yi Gang and Finance Minister Liu Kun speak at the annual Boao Forum. MEXICO CITY- Central Bank of Mexico to publish Monetary policy statement.

  • President Donald Trump pledged investment in a rare meeting on Friday with five Caribbean leaders who have sided with the United States in backing Venezuelan opposition leader Juan Guaido as head of state, the White House said. Trump met with leaders from the Bahamas, Dominican Republic, Haiti, Jamaica and Saint Lucia at his private club in Palm Beach, Florida.

  • President Donald Trump

    U.S. President Donald Trump will meet on Friday with the leaders of the Bahamas, Dominican Republic, Haiti, Jamaica and Saint Lucia at his Florida resort, the White House said in a statement on Tuesday.

  • SYDNEY- Speech by Christopher Kent, RBA assistant governor, at the KangaNews DCM Summit, Sydney- 2200 GMT. SYDNEY- Reserve Bank of Australia releases the minutes of March monetary policy meeting 0030 GMT. WARSAW- National Bank of Poland holds monetary policy council meeting.

  • KYRGYZSTAN- Kyrgyzstan's central bank cut its policy rate to 4.50 percent from 4.75 percent on Feb. 26, citing deflation and the need to stimulate economic growth. PARAGUAY- Paraguay's central bank cut its policy rate by 25 basis points to 5 percent on Feb. 22, saying it considers it "appropriate and timely" to adopt a more accommodating monetary policy to ensure...

  • SYDNEY- Speech by RBA Governor Philip Lowe at Australian Financial Review's 2019 Business Summit, Sydney- 2210 GMT. SYDNEY- Reserve Bank of Australia holds monetary policy board meeting- 0330 GMT. BRISBANE, Australia- Speech by John Simon, RBA's Head of Economic Research Department, at the Economic Society of Australia and Griffith University Symposium,...

  • BUDAPEST- The National Bank of Hungary to decide on interest rates and key parameters of its monetary policy framework- 1300 GMT. MANILA- Philippines' Finance Minister Carlos Dominguez delivers keynote speech at a general membership meeting of the Management Association of the Philippines- 0330 GMT. BUDAPEST- Hungarian Prime Minister Viktor Orban, central...

  • BOGOTA- Bank of Colombia holds meeting of board of directors. TUESDAY, FEBRUARY 26 MANAMA- Bahrain Finance Minister Shaikh Salman bin Khalifa Al Khalifa, Bahrain Central Bank Governor Rasheed Mohammed Al Maraj, senior bankers and CEOs of major corporates and banks, will participate at the Euromoney GCC Financial Forum 2019. BUDAPEST- The National Bank of...

  • TOKYO, Feb 20- U.S. private equity firm Bain Capital has picked Nomura and Mitsubishi UFJ Morgan Stanley to manage an initial public offering of Japan's Toshiba Memory, a deal that could happen as early as September, people familiar with the matter said. The listing of the world's second-largest maker of NAND flash memory chips, which a Bain-led consortium bought...

  • WEDNESDAY, FEBRUARY 20 JOHANNESBURG, South Africa- South Africa Finance Minister Tito Mboweni to present 2019 budget to parliament- 1200 GMT KINGSTON- Bank of Jamaica holds interest rate announcement and monetary policy report. JAKARTA- Indonesia Central Bank holds board of governors' meeting. SYDNEY- Appearance by Philip Lowe, Reserve Bank of Australia...

  • **SEOUL- Bank of Korea holds monetary policy meeting to announce interest rates. ACCRA- Central Bank of Ghana announces interest rate decision. WARSAW- National Bank of Poland holds monetary policy council meeting.

  • Chinese President Xi Jinping attends an event commemorating the 200th birth anniversary of the founding father of communism Karl Marx in Beijing, China May 4, 2018.

    Chinese President Xi Jinping promised to lower tariffs, broaden market access, and import more from overseas at the start of a trade expo designed to demonstrate goodwill amid mounting frictions with the U.S. and others.

  • Michael Condran | Skylark 

    From Florida to Jamaica and Canada to Egypt, these fancy new hotels have cheap rates this summer.

  • A woman protects herself from the rain with plastic after hurricane Matthew, in Port-au-Prince, on October 4, 2016.

    Hurricane Matthew was nearing the Bahamas, regaining some of the strength it had lost after swiping Cuba and leaving a trail of destruction in Haiti.