The inflation rate for the month June 2017 was 0.7 %, following an upward movement of 0.1% in May 2017. The movement was credited to a 1.1% increase in the division ‘Food, Non-Alcoholic Beverages’ which was impacted by flood rains in May. The division ‘Transport’ moved up by 0.4%, while the ‘Housing, Water, Electricity, Gas
U.S.: The Fed Has an Inflation Expectations Problem When Federal Reserve policy makers were debating the adoption of an inflation target five years ago, the hawks pushed for a 1.5 percent goal as the best way to meet the central bank’s price stability mandate. Then-Chair Ben Bernanke and his lieutenant Janet Yellen resisted the arguments
Jamaican Teas Limited (JAMT) has advised that a Director sold 200,000 JAMT shares on July 14, 2017.
Europe: Tame inflation comforts uneasy bond markets as ECB count down begins Euro zone government bond yields fell on Monday, as tepid inflation numbers lifted expectations of a cautious stance at this week's European Central Bank meeting. The ECB meets on Thursday, three weeks after comments from central bank chief Mario Draghi that were seen
AMG recorded Turnover in the amount of $487.02 million (2016: $463.31 million), an increase of $23.71 million when compared to that recorded the year prior. For the third quarter Turnover totaled $174.53 million up 10% from the $158.35 million in 2016. Total manufacturing costs amounted to $350.97 million, an increase of 9% relative to the
Express Catering Limited: – Basis of Allotment of Shares in Initial Public Offering Kingston: Mayberry Investments Limited (“MIL”), lead financial advisor and broker to Express Catering Limited (the “Company”) in its recent invitation to the public made subject to a prospectus dated 5 July 2017 (the “Invitation” and the “Prospectus” as the case may be),
Knutsford Express Services Limited (KEX) has advised that its previously announced Board of Directors’ meeting has been rescheduled. The meeting will now be held on Tuesday, July 25, 2017 at which consideration will be given to the payment of an interim dividend.
U.S.: Second Straight Drop in U.S. Retail Sales Shows Tepid Spending Retail sales unexpectedly dropped for a second month in June, signalling consumers are providing only modest support for the U.S. economy, Commerce Department data showed Friday. Highlights of Retail Sales Purchases dropped 0.2% (forecast was 0.1% gain) after falling 0.1% the prior month (previously
The sole source of income, Financial Income declined by 25% to total $154,000 from $205,000 for the previous financial year. An exchange gain of $210,000 was realized relative to $856,000 for the 2016 financial year. Other expenses amounted to $5.42 million, 35% less than the $8.35 million recorded for the year ending May 31st, 2016.
Sagicor Group Jamaica Limited (SJ) has advised that two Executives sold a total of 1,030,500 SJ shares on July 12, 2017.
