Tag: market

BUSINESS

The Russian Ruble Is Still Rallying

Although restrictions have been imposed on Russia and several businesses have exited the market in the country, the ruble is still holding its own against the U.S. dollar, according to press reports. Last week the currency was trading upwards, and the report noted it was up more than 11% against the U.S. dollar since the start of the year, surpassing […]

BUSINESS

Oil Prices On The Run

Oil futures rose this morning following a volatile start to the week, as the market weighed a coordinated international release of crude inventories against Russian supply disruptions in the wake of Moscow`s invasion of Ukraine.  May Brent crude futures gained about one percent to $98.90.  The benchmark touched a seven-year high of $105.79 after Russia`s invasion of Ukraine began last […]

BUSINESS

PPEM Makes Strategic Move Into U.S. Oil Market

According to press reports, Trinidad and Tobago-based Phoenix Park Energy Marketing Ltd (PPEM) has finalized its acquisition of a natural gas liquids terminal in the U.S. PPEM purchased the terminal located in Hull, Texas from Keyera Energy Inc – a subsidiary of Keyera Corporation one of Canada’s largest midstream oil and gas producers. The deal was announced in separate statements […]

BUSINESS

Apple Is Ripe For The Pick

Apple (AAPL) officially has a market capitalization of $3 trillion. The tech giant passed the $182.86 mark at the beginning of the week, making it the first publicly traded company in history to hit such a market valuation. Apple’s rise to a $3 trillion market cap, which is based on its stock price, comes less than two years after its […]

BUSINESS

American Workers Exit The Job Market In Millions

Americans quit their jobs at an all-time monthly high of 4.5 million people, at the end of November. That figure surpasses the previous high reached in September when 4.4 million people left their jobs. Leisure and hospitality companies, such as restaurants, bars, and hotels, saw the greatest number of employee exits, with more than 1 million workers quitting in November […]

BUSINESS

U.S. Stock Market Takes Another Battering

Wall Street’s main stock indexes were gutted today as the Dow Jones Industrials tumbled by 2,000 points amid a 20% slump in oil prices. Additionally, the rapid spread of the coronavirus has not made it easy for traders as the threat of a global recession now seems real than imagined. Trading was halted immediately after the opening, as the benchmark […]

BUSINESS

Tesla Makes Shares Record

The surge in Tesla Inc. shares in the market recently has placed the company in an enviable position. It became the first publicly listed U.S. automaker to cross $100 billion in market valuation, more than Ford Motor Co. and General Motors Co. combined. In recent weeks, Tesla (NASDAQ: TSLA) stock has been on the gallop. Shares in the electric vehicle […]

Jamaica

Jamaica Set For Global Tourism Growth In Next Decade

According to Jamaica’s Minister of Tourism Edmund Bartlett, the country will strategically position itself to exploit the demands of the global tourism market over the next ten years. He told reporters that the estimates for global growth in the tourism sector could be 1.8 billion international visitors by 2030, with earnings of US$2 trillion. Some 40 million new jobs will […]

BUSINESS

European Companies In Cannabis Stock Frenzy

More and more countries and companies are seeking to cash in on the green cannabis ‘gold’ market. Up to five companies active in the cannabis industry could go public in 2020 in Europe, a continent whose stock markets have largely missed out on the North American “pot stocks” frenzy. This was revealed by insiders at European investment bank, Bryan Garnier. […]

POLITICS

Look To Africa For Market Opportunities

Barbados Prime Minister Mia Mottley has called for leaders in the Caribbean region to capitalize on the vast African market for business opportunities. At a panel discussion on Regional Transformation for Inclusive and Sustainable Growth recently, Ms. Mottley urged the regional bloc to remove its own barriers to intra-CARICOM trade while looking to the African continent’s potential. She argued that […]