Please click below to view today’s Featured Stock. Weekly Picks 11.09.17 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly
The European Central Bank’s (ECB) Governing Council met yesterday and decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and 0.40% respectively. According to Mario Draghi, President of the ECB, he stated, “Based on our
Jamaica Broilers Group (JBG) for the three months ended July 31, 2017, Revenues totalled $11.49 billion, a 15% increase on the $10.02 billion reported in 2016. Total revenue was broken down as follows; The Jamaica Operations contributed $7.87 billion, a 9% increase compared to $7.23 billion for the same period of 2016. JBG noted, “Jamaica
U.S.: Trump’s Surprise Deal With Democrats Sets Up Christmas Showdown President Donald Trump’s unexpected decision to spurn his Republican allies in Congress by striking a short-term debt-limit deal with Democrats leaves the GOP reeling and lawmakers bracing for a bruising battle in December. Trump’s move undercut GOP leaders in the House and Senate, as well
The Chairman of the Board of Cable & Wireless Jamaica Limited (CWJ), Mark Kerr-Jarrett, introduced himself to shareholders present at the meeting. He provided positive opening remarks on the firm’s performance, stating, “the continued improvement of our customers experience remains a key imperative for us as we invest and respond to their suggestions. Following
The Bank of Jamaica (BOJ) released its short-term inflation analysis and forecasts on September 04, 2017. The latest data released showed an inflation rate for July 2017 of 0.6% which was driven mainly by movements in the Food and Non-Alcoholic Beverages division which recorded a 1.2% increase respectively. The Statistical Institute of Jamaica (STATIN) reported
During the period January to June 2017 the Jamaica’s trade deficit worsened to US$2,046.4 million, increasing by US$383.9 million or 23.1% relative to US$1,662.5 million for the corresponding period in 2016. According to the Statistical Institute of Jamaica (STATIN), the total spend on imported goods amounted to US$2,720.6 million, an increase of 19.9% or US$451.8
U.S. jobs report was released by the Bureau of Labor Statistics on Friday. The report highlighted an increase in total nonfarm payroll employment by 156,000 in August. This resulted in the unemployment rate being 4.4%, and the number of unemployed persons totalling 7.1 million according to the Bureau. The report further states, “employment growth has
Ansa Coatings International Limited has alerted the public, its intention to acquire 48.99% of the share capital of the Berger Paints Jamaica Limited (BRG) being the remaining 104,990,171 issued ordinary shares of Berger Paints Jamaica Limited. The offeror, Ansa Coatings International Limited is a diversified manufacturer and supplier of paint and coatings in the Caribbean.
Scotia Investments Jamaica Limited (SIJL) shareholders today approved by way of vote, a scheme of arrangement to cancel and extinguish all the scheme shares held by shareholders excluding those held by Scotia Group. This approval seeks to further integrate SIJL into the Scotia Group as, “greater operational synergies can be gained from the relationship with
