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Bank of Jamaica runs $6.9b loss

The Bank of Jamaica (BOJ) reported a loss of $6.9 billion so far this financial year, while holding no funds to distribute to...

ECB raises interest rates a quarter point to quell energy-fuelled inflation

The European Central Bank (ECB) raised interest rates on Thursday to cool inflation that is being fed by high oil prices from the...

Oil hits above US$100 a barrel once again

Oil prices shot past US$100 a barrel on Wednesday as fighting between the US and Iran escalated, threatening to increase costs for consumers...

Shoprite sales hit US$16.9b while holding price rises below inflation

Shoprite Holdings, southern Africa’s largest food retailer, grew merchandise sales from continuing operations by 7.2 per cent to R270.8 billion (US$16.8 billion) for...

Dangote US$1.6b share sale to fuel worlds largest refinery

Dangote Petroleum Refinery and Petrochemicals FZE opens subscriptions on Monday for an initial public offering to raise US$1.6 billion and fund a path...

Broadcoms AI chip sales more than triple as custom silicon orders build

Large semiconductor company Broadcom reported record revenue, operating income and free cash flow for its third fiscal quarter, with revenue rising 86 per...

Wholesale prices moved higher last month in latest sign of stubborn inflation

Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war are...

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