Jamaica Gleaner News- Business - Wednesday

Goodyear to wind up Jamaican operations

Goodyear Jamaica Limited has decided to end its four decade run in Jamaica, saying this week it will wind up the company once shareholders approve the move. The move comes 11 years after the company stopped making tyres here at its plant in St Thomas,...

JB moving ahead with ethanol expansion - Billion-dollar project to be ready by March

The Jamaica Broilers Group (JB) says it will go ahead with the $1.1-billion plan to double the size of its 60-million gallon ethanol-processing plant here, despite the drop in the price of the commodity in the United States, JB's main market...

Michael Lee Chin, Stewart's recognised as civic leaders

The American Chamber of Commerce in its inaugural business and civic leadership awards Monday night honoured billionaire Michael Lee Chin and the Stewart Automotive Group.Lee Chin, who was cited for philanthropy and as a humanitarian, could not personally attend the awards ...

Cuba seeks Russia's embrace

Russian oil companies could soon begin searching for oil in deep Gulf of Mexico waters off Cuba, a top diplomat said just days before Russian President Dmitry Medvedev visits the island.Russian oil companies have "concrete projects" for drilling ...

Brazil's once booming ethanol sector hits brakes

Brazil's biofuel industry just months ago was being flooded with billions in new investments for vast new sugarcane plantations and gleaming distilleries that churn out the cheapest ethanol on earth.But the global financial crisis has put the brakes...

Carib leaders join forces to fight financial crisis

Three Caribbean leaders have said that they will push regional banks to provide more loans to builders and exporters, boosting jobs and trade to counter the world economic crisis.Leaders from Antigua, Belize and The Bahamas made the pledge, but gave no specific details...

54 more US banks added to 'problem list'

The Federal Deposit Insurance Corp said Tuesday that the list of banks it considers to be in trouble shot up nearly 50 per cent to 171 during the third quarter - yet another sign of escalating troubles among the institutions controlling Americans' deposits...