Banking
UBS bailed out Credit Suisse from the jaws of death
Obrian -
UBS, Switzerland’s largest bank has agreed to buy rival Credit Suisse in a deal that could save the bank but for how long? Earlier this month we have seen major banks teetering on the edge of collapse, banks such...
Banking
Silicon Valley Bank collapse brings back fresh memories of last financial crisis
Obrian -
They say that history doesn’t usually repeat itself but it rhymes, well in this case that might be true. Today we got a glimpse of what is to come if the FED doesn’t intervene and help mitigate the situation....
Banking
Grace Kennedy partners with Trinidad and Tobago Unit Trust Corporation to launch GK Mutual Funds
Obrian -
Over the last couple of years, we have seen GraceKennedy steadily pivoting into new directions. As the world around them starts to change, they are now finding new ways to adapt, expand and provide value to both existing and...
Caribbean
Norbrook is making a larger push in the luxury real estate market with US$75 million investment
Obrian -
Norbrook Realty Limited is on the verge of investing approximately US$75 million in a group of real estate projects at various locations within Jamaica. These projects will be mainly luxury commercial and residential properties. A commercial tower will be...
Business
Seprod numbers surge on the backdrop of major acquisition
Obrian -
Seprod Group had a stellar December fourth quarter where they beat analysts' estimates. Net profits for this particular quarter grew by 314%, which is an increase of J$916 million.
Revenues for the period grew by 122% to a figure of...
Caribbean
2022 was a breakout year for iCreate
Obrian -
iCreate had a record-breaking quarter ending December 2022, revenues surged by 2,795.2% which equates to J$28.9 million. Overall revenue for 2022 climbed by 314.5% which is approximately J$136.05 million.
Profit also increased by 170.8% to a figure of $22.8 million...
Business
Dolla and Fosrich partner to help bring accessible and affordable solar products to the market
Obrian -
Dolla Financial and Fosrich have signed a strategic partnership that will enable both companies to work together and make an impact in the solar energy industry. They both made their statements on Instagram by captioning the photo by stating,
“We...
Business
One on One numbers show potential for the future
Obrian -
One on One is finally turning things around and seems to be gaining momentum with its recent financial report. The company saw a net profit increase to approximately 722 percent.
The educational services company increased significantly in November 2022...
Caribbean
Dequity hires Mayberry as it plans go to market strategy
Obrian -
Dequity is now working with Mayberry to organize its listing on the main market of the Jamaica Stock Exchange (JSE). Dequity is a local private capital firm that has been steadily growing over the years ever since its inception...
Business
FosRich ends the year as the most valuable company on the JSE by market cap
Obrian -
FosRich Company Limited (FOSRICH) has achieved quite a feat as it becomes the most valuable company on the JSE by market capitalization. It finished the year 2022 with a market capitalization of $19.64 billion.
The company saw its stock...
Latest News
Twitter Rebrands to ‘X’
In a surprise move, Elon Musk has rebranded Twitter as "X." The change was announced on Sunday, and the...
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