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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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JSE suspends Seprod Group
Published by www.jamaicaobserver.com on May 14, 2007
May 16, 2007
Seprod Group Limited has been suspended from trading its shares on the Jamaica Stock Exchange (JSE) because of the company's failure in submitting its fourth quarter financial results on time.
"Effective May 14, the Jamaica Stock Exchange will be suspending trading in the shares of Seprod Group Ltd as a result of the company's non -compliance with the JSE Rule 407 which speaks to the submission of Quarterly Financial Statements within 45 days of the end of a company's financial period," said the JSE in a press release on Friday.
According to JSE rules, a company with financial statements 45 days overdue shall have trading in their shares suspended until the reports are submitted to the exchange.
Seprod's fourth quarter financials, which were due on December 31, 2006, has not yet been submitted. General manager of the JSE, Marlene Street Forrest, indicated that the JSE has "been in dialogue" with Seprod on the outstanding financial statements, but reaffirmed that trading in the company's shares will be suspended until the company becomes compliant.
Source: http://www.jamaicaobserver.com/magazines/Business/html...
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