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Jamaican Business News
Supreme optimism
Despite having to write off plans to expand into Trinidad and facing higher liabilities for its main revenue earner, Cash Pot, Supreme Ventures executives are projecting an 85 per cent increase in net profit for 2008.
...
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A respite from high gas prices
Jamaican consumers can expect a slight ease in gasoline prices over the next few months as concerns over a US recession will likely push the price of its main input - oil - downwards in the near future, believes Dr Raymond Wright, consultant and...
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Bookmakers once again seek amendments to licensing requirements
For years local bookmakers have been trying to get government to make amendments to regulations that they say would ease the stranglehold that bureaucratic red tape has on expansion of the business.
At the forefront of the bookmakers' ire is the...
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International Business News
Canadian dollar stays at 8-month low; stocks rise
TORONTO -- Stock markets advanced Wednesday morning in the wake of data showing a strong resurgence in U.S. consumer spending in November. The Canadian dollar was at an eight-month low.
U.S. retailers saw sales rise by one per cent last...
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Oil prices fall on rising supply from non-OPEC nations, mild US weather
NEW YORK (AP) - Crude oil prices slid yesterday, as the market gauged OPEC nations' commitment to cutting oil production and the effect of a mild US autumn on fuel supplies.
Also deflating prices, Iraq resumed pumping oil out of a pipeline in the...
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French economic growth stagnates
Economic growth in France stagnated in the third quarter of the year, official figures show.
Statistics agency Insee reported zero growth between July and September - after a 1.2% expansion in the previous three months.
The abrupt slowdown has...
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International Business News
Canadian dollar stays at 8-month low; stocks rise
Dec 13, 2006
TORONTO -- Stock markets advanced Wednesday morning in the wake of data showing a strong resurgence in U.S. consumer spending in November. The Canadian dollar was at an eight-month low.
U.S.
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Oil prices fall on rising supply from non-OPEC nations, mild US weather
Nov 21, 2006
NEW YORK (AP) - Crude oil prices slid yesterday, as the market gauged OPEC nations' commitment to cutting oil production and the effect of a mild US autumn on fuel supplies.
Also deflating prices,
Read more...
French economic growth stagnates
Nov 10, 2006
Economic growth in France stagnated in the third quarter of the year, official figures show.
Statistics agency Insee reported zero growth between July and September - after a 1.2% expansion in the
Read more...
UK interest rates increased to 5%
Nov 10, 2006
The Bank of England has increased UK interest rates to a five-year high of 5% because of inflation concerns.
Its one quarter of a percentage point rise was widely expected by analysts.
The move
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Call for Iran to act on inflation
Oct 02, 2006
Iran's supreme leader Ali Khameni has called on the government of President Mahmoud Ahmadinejad to curb surging prices.
Food costs have surged in recent weeks, a period of increased demand as
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British business lobby wants improvement in literacy, numeracy
Aug 21, 2006
LONDON, England (AFP) - The British government must do more to improve literacy and numeracy standards of school leavers amid growing fears that many cannot write or add properly, the country's main
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New PepsiCo boss to be #2 female CEO in Fortune 500
Aug 15, 2006
NEW YORK (AP) - PepsiCo Inc said yesterday that Chief Financial Officer Indra K Nooyi will replace Steven Reinemund as chief executive officer of the soft-drink and snacks company, making her the No
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China retail sales remain strong
Aug 14, 2006
Chinese year-on-year retail sales grew by 13.7% in July to 601.2bn yuan ($75.1bn), boosted by higher incomes, the National Bureau of Statistics said.
But, while the figure slipped from 13.9%
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BP's 2nd qtr net profit soars 30% to US$7.3b
Jul 26, 2006
Oil company BP PLC reported yesterday that net profit rose 30 per cent in the second quarter, as soaring world oil prices counterbalanced lower oil and gas output. Chief executive John Browne also
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Whirlpool 2Q profit dips
Jul 26, 2006
Whirlpool Corp, the top US appliance maker, said yesterday that second-quarter earnings slipped because of losses from operations it plans to sell. But its sales rose 33 per cent, reflecting the
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South Korean growth slowing down
Jul 26, 2006
South Korea's economy grew 5.3% year-on-year in the first quarter, the nation's central bank said, boosted by private consumption and investment.
Exports were strong, but overall growth was
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UK rates 'could remain at 4.5%'
Jul 24, 2006
The Bank of England has enough room to manoeuvre to allow interest rates to stay at 4.5%, a forecasting group says.
Rising oil and commodity prices will slow growth, allowing the Bank enough slack
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Fuel costs push inflation to 2.5%
Jul 18, 2006
Rising gas and electricity bills have pushed UK inflation to its highest level since September 2005, the Office for National Statistics (ONS) has said.
Consumer Price Index inflation rose to 2.5%
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China says growth 'under control'
Jul 18, 2006
China's economy grew 10.9% in the first half of 2006 against the same period a year ago - but moves to cool growth are starting to work, the government says.
Official figures showed that exports
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Jump in US industrial production
Jul 18, 2006
Industrial production in the US rose strongly in June, a sign that the Federal Reserve has scope to continue to raise interest rates.
The Fed itself reported on Monday that output at US factories,
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US jobs growth mild as wages rise
Jul 07, 2006
The US economy created 121,000 jobs in June, below analyst expectations, US Labor Department figures show.
That outstripped May's figure of 75,000, later upgraded to 92,000, but is seen by some as
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The European Central Bank (ECB) has left its main interest rate unchanged at 2.75%.
Jul 06, 2006
The European Central Bank (ECB) has left its main interest rate unchanged at 2.75%.
ECB boss Jean-Claude Trichet said he is
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UK interest rates remain at 4.5%
Jul 06, 2006
UK interest rates have been kept on hold at 4.5% for the 11th month in a row after the latest meeting of the Bank of England's rate-setting body.
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Stocks lower as North Korean missile tests, jobs data unnerve investors
Jul 05, 2006
TORONTO (CP) - A series of missile tests by North Korea and strong U.S. employment data sent jitters through stock markets Wednesday.
Toronto's S&P/TSX composite index was down 134.11 points
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Luxembourg backs Mittal takeover
Jun 28, 2006
Mittal Steel's takeover of Arcelor has won support from the Luxembourg government, which owns 5.6% of Arcelor.
The Grand Duchy of Luxembourg, where Arcelor has its HQ, has dropped its previous
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