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NCB Group continues to rake in megabucks

 The Michael Lee Chin-controlled National Commercial Bank Group Limited, generated net profits of $6.757 billion, or $2.74 per share on operating revenues of $18.117 billion during the nine month period ended June of this year. This

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JNBS mourns George Magnus’ passing

 The Board, the management and staff of Jamaica National Building Society (JNBS) are mourning the passing of Mr. George I. Magnus, Deputy Chairman of the Society and Chairman of NEM Insurance Company (Ja.) Limited, who died July 29.

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World Bank says LAC inflation to rise

Augusto de la Torre, the World Bank’s chief economist in Latin America and the Caribbean, says the inflation virus is likely to spread at an average rate of eight per cent in the region this year because of the galloping food and energ

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Banana ruling expected to bring more stress for Producers Group

Last week’s ruling by the European Union (EU) at Geneva trade talks, to reduce the duty on non-African, Caribbean and Pacific bananas from 176 euros per tonne, to148 euros per tonne in January of next year, is expected to drive the los

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Dollar climbs on the back of Lascelles/Angostura deal

 The Jamaica dollar, which has been under pressure for some time now, forcing the central bank to intervene heavily in the foreign exchange market, appreciated against all three major currencies on Tuesday, following the payment of

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ITrade to answer money laundering allegations this week

 ITrade FX LLC of which David Smith was listed as a principal for nine months in 2007 and Isaac Martinez, are expected to answer allegations related to breaches of the US National Futures Association’s (NFA) requirements related t

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Sagicor introduces new term insurance product

Sagicor Life Jamaica on Tuesday, July 22 unveiled it newest insurance product to the market at the High Flyers luncheon at the Hilton Kingston Hotel in honour of those who achieved outstanding performance for the second quarter of 2008.

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JMMB’s exemplary leadership

JMMB’s recorded asset base as at March 2008 was $J102 billion. Since its inception JMMB has established itself as the leading money market broker in the Caribbean. Known for its pioneering spirit, the company has consistently introduced n

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Local economy likely to beaffected by slowing world growth

Professor Simon Johnson and his team at the International Monetary Fund’s (IMF) research department have said that world economic growth is likely to slip rapidly during the second half of this year. They also said growth would likely

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IDB, CDB studying ways to reduce Caribbean food prices

 The Louis Alberto Moreno-led Inter-American Development Bank (IDB) and the Caribbean Development Bank (CDB) are currently studying ways to reduce food prices in the region through in-depth assessment of cost structures — transpor

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