Caribbean Business Exchange - CBX

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Spot gold hovered around $3,400 per ounce on Friday, staying near a two-week high, while December delivery gold futures ...
08/08/2025

Spot gold hovered around $3,400 per ounce on Friday, staying near a two-week high, while December delivery gold futures in New York surged to an intraday record of $3,534 per troy ounce. The rally was driven by news of newly announced U.S. tariffs on gold imports.

According to recent reports, the U.S. Customs and Border Protection unexpectedly ruled that one-kilo, and 100-ounce gold bars fall under a customs code subject to levies, defying industry expectations that these bars would be exempt. The decision could deal a significant blow to Switzerland, the world’s leading gold-refining center, where gold is a major export to the U.S.

The FAO Food Price Index rose by 1.6% in July 2025, reaching 130.1 points, its highest level since February 2023. This i...
08/08/2025

The FAO Food Price Index rose by 1.6% in July 2025, reaching 130.1 points, its highest level since February 2023. This increase was fueled by rising prices for meat and vegetable oils, which outweighed declines in cereals, dairy, and sugar.

Tune in to CBX news at 6:00 pm on Digicel Channel 28, Flow Channel 143 or watch online at https://www.jamstockex.com/services/cbx/ for more details on this story.

ExxonMobil has commenced production at Yellowtail, its fourth deepwater project in Guyana’s Stabroek Block, boosting the...
08/08/2025

ExxonMobil has commenced production at Yellowtail, its fourth deepwater project in Guyana’s Stabroek Block, boosting the consortium’s total output capacity to 900,000 barrels of oil per day (bpd). 
The project, developed in partnership with Chevron and CNOOC, came online ahead of schedule and adds 250,000 bpd to the region’s rapidly expanding output.

Yellowtail marks the fourth Stabroek project brought online in just five years, all under budget and ahead of schedule, reinforcing ExxonMobil’s claim that the Guyana operations are among the most successful deepwater developments globally.

Miata Metals Corporation has announced plans to raise up to $3 million through a non-brokered private placement as the c...
08/08/2025

Miata Metals Corporation has announced plans to raise up to $3 million through a non-brokered private placement as the company ramps up exploration efforts at its Sela Creek and Nassau Gold projects in Suriname.

Tune in to CBX news at 6:00 pm on Digicel Channel 28, Flow Channel 143 or watch online at https://www.jamstockex.com/services/cbx/ for more details on this story.

As elections unfold across major territories where the NCB Financial Group operates, top executives are expressing confi...
08/08/2025

As elections unfold across major territories where the NCB Financial Group operates, top executives are expressing confidence in the Group’s resilience and long-term strategy.

Group CEO Robert Almeida downplayed concerns about political risk, noting that elections and government changes are a normal part of the landscape.
Guardian’s Group CEO Ian Chinapoo reinforced the sentiment, adding that both entities are systemically important financial institutions that maintain strong working relationships with whichever administrations are in office.

NCB Financial Group (NCBFG) has posted a consolidated net profit of $30.5 billion for the nine months ended June 30, 202...
08/08/2025

NCB Financial Group (NCBFG) has posted a consolidated net profit of $30.5 billion for the nine months ended June 30, 2025, marking a 68% increase over the corresponding period in 2024.

Tune in to CBX news at 6:00 pm on Digicel Channel 28, Flow Channel 143 or watch online at https://www.jamstockex.com/services/cbx/ for more details on this story.

Global trade alliances are shifting in the wake of sweeping new tariffs imposed by U.S. President Donald Trump, with Bra...
07/08/2025

Global trade alliances are shifting in the wake of sweeping new tariffs imposed by U.S. President Donald Trump, with Brazil and India among the first major economies to respond by deepening their bilateral trade ties.

The two emerging market powerhouses, both heavily affected by Washington’s latest wave of import duties, signaled on Thursday that they are accelerating talks on reducing trade barriers and expanding cooperation in agriculture, pharmaceuticals, and renewable energy. Officials from both countries say the move is a strategic pivot to safeguard their economies from the mounting volatility of U.S. trade policy.

President Donald Trump’s sweeping new tariffs took effect Thursday, targeting imports from more than 90 countries and in...
07/08/2025

President Donald Trump’s sweeping new tariffs took effect Thursday, targeting imports from more than 90 countries and intensifying a global trade war.

Tune in to CBX news at 6:00 pm, with a rebroadcast at 8:00 pm, on Digicel Channel 28, Flow Channel 143 or watch online at https://www.jamstockex.com/services/cbx/ for more details on this story.

The Economic Commission for Latin America and the Caribbean (ECLAC) has projected continued low growth for the region, w...
07/08/2025

The Economic Commission for Latin America and the Caribbean (ECLAC) has projected continued low growth for the region, warning that Latin America and the Caribbean remain trapped in a prolonged period of economic stagnation. According to its latest annual report, Economic Survey of Latin America and the Caribbean 2025: Resource Mobilization to Finance Development, real GDP is expected to grow just 2.2% in 2025 and 2.3% in 2026, barely improving on previous years.

The new projections, slightly revised upwards from April’s estimate of 2.0%, reflect stronger-than-expected performance in the first quarter of 2025. However, the United Nations regional body cautions that structural challenges and global uncertainty continue to weigh on the recovery.

The Bahamian government is moving to clear the air on its recent efforts to regulate the growing short-term vacation ren...
07/08/2025

The Bahamian government is moving to clear the air on its recent efforts to regulate the growing short-term vacation rental market, amid public concerns that new tax measures are being imposed on local property owners.

Tune in to CBX news at 6:00 pm, with a rebroadcast at 8:00 pm on Digicel Channel 28, Flow Channel 143 or watch online at https://www.jamstockex.com/services/cbx/ for more details on this story.

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