Business News

NEW YORK/LONDON (Reuters) — Initial public offerings or IPOs around the world raised a record $594 billion in 2021, riding the coattails of stock market rallies, yet often disappointing investors with their subsequent stock performance. Companies ranging from technology start-ups to blank-check acq…

(Press Release) — 2021 has truly been an unforgettable year, and it should end with remarkable moments at Kensington. On New Year’s Eve, Kensington will prepare a fireworks show with a celebration in the sky for a better year to come! The best spot to enjoy the fireworks will be at Ocean Grill, the…

LONDON/DUBAI (Reuters) — Qatar plans to invest at least $10 billion in U.S. ports and has approached international banks for financing help, three finance sources say, in an infrastructure spree that reflects the Gulf country’s deepening ties with Washington. The Middle East and Western sourc…

STAR Marianas Air on Wednesday and Thursday resumed its regular passenger air service for Saipan, Tinian and Rota. SMA announced in its website Tuesday that following a meeting with Gov. Ralph DLG Torres, it would resume flights between Saipan and Tinian on Wednesday, Dec. 22, 2021, and flights bet…

NEW YORK (Reuters) — Global oil demand roared back in 2021 as the world began to recover from the coronavirus pandemic, and overall world consumption potentially could hit a new record in 2022 — despite efforts to bring down fossil fuel consumption to mitigate climate change. Gasoline and diesel us…

DESPITE the “setback” brought by the Covid-19 pandemic, causing “uncertainties and high volatility” in the economy, the outlook of the Marianas Public Land Trust for 2021 “appeared to be strong” with a $3,180,656 increase in its total fund balance for 2020. But e…

(MVA) — The first flights from Busan, South Korea,  to the Marianas since March 2020 at the beginning of Covid-19 pandemic are being supported by the Marianas Visitors Authority in its continuing work to rebuild the local tourism economy. Three flights by Jeju Air will arrive in Saipan on Dec. 29, …

STAYWELL Insurance Saipan would like to announce the annual CNMI government employee personal plan open enrollment beginning December 27, 2021 through January 26, 2022.  The enrollment period is open to all CNMI government employees who wish to apply.  The rates are as follows: Medical only starts …

NEW YORK (Reuters) — Profit growth for U.S. corporations is expected to slow next year after a gangbuster 2021, with rising inflation and a rapidly spreading Covid-19 variant adding to uncertainty as investors try to justify stock prices trading near record highs. The S&P 500 is on track to ris…

WASHINGTON (Reuters) — Boeing Chief Executive Dave Calhoun and Airbus Americas CEO Jeffrey Knittel on Monday urged the Biden administration to delay planned deployment of new 5G wireless services, saying it could harm aviation safety. The executives in a joint letter seen by Reuters asked U.S. Tran…