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8 11, 2018

Net International Reserves- October 2018

2018-11-08T16:04:32-05:00

November 08, 2018   Jamaica’s Net International Reserves (NIR) totaled US$2,925.33 million as at October 2018, reflecting a decrease of US$101.39 million relative to the US$3,026.72 million reported as at the end of September 2018 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$108.79 million to total US$3,460.06 million

7 11, 2018

BIL reports an 84% increase in year end net profit

2018-11-08T13:41:05-05:00

November 07, 2018 For the year ended September 30, 2018, Barita Invested Limited’s (BIL) interest income declined 10% to $1.02 billion relative to $1.13 billion for the previous year. Interest expense also declined by 29% to close at $599.66 million compared to $847.44 million in 2017. As a result, net interest income for the year increased

7 11, 2018

SIL reports 53% increase in nine months net profit

2018-11-08T13:44:52-05:00

November 07, 2018 For the nine months ended September 30, 2018, Sterling Investments Limited (SIL) reported a 44% growth in total revenue to $138.89 million compared to $93.24 million recorded for the corresponding period in 2017. Management noted, “The company has successfully taken advantage of intermittent market selloffs and higher interest rates in the U.S. to

6 11, 2018

Overseas Headlines- November 06, 2018

2018-11-06T15:23:08-05:00

Date: November 06, 2018 United States:  U.S. Futures Slip With European Stocks; Oil Drops: Markets Wrap It was a mixed picture across global stock markets on Tuesday, with investors showing some caution as they await the U.S. midterm elections. European equities turned lower alongside American futures while Asian shares advanced. Treasury yields edged up and

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