Date: January 8, 2018 Jamaica’s Net International Reserves (NIR) totaled US$3,005.41 million as at December 2018, reflecting an increase of US$106.35 million relative to the US$2,899.06 million reported as at the end of November 2018 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$106.91 million to total US$3,532.04 million
Date: January 8, 2019 United States: U.S.-China Talks Near Close With Positive Signs From Both Sides Chinese authorities planned to give a statement following the latest round of U.S. trade talks on Tuesday in Beijing, after both sides signaled progress toward resolving a conflict that has roiled markets. “The talks are still underway and I
Date: January 7, 2019 United States: Shutdown Puts $200 Million a Day in Federal Contracts at Risk If recent history is any guide, federal contractors could be out more than $200 million a day in lost or delayed revenue from the partial government shutdown, based on data compiled by Bloomberg. The companies run the
Date: December 28, 2018 Main Event Entertainment Group Limited (MEEG) for the year ended October 31, 2018 recorded a total of $1.40 billion in revenue compared to $1.18 billion booked for the period ended October 31, 2017. Revenue for the quarter rose 42% to close the quarter at $331.49 million relative to $233.65 million booked for
December 27, 2018 Please click the link below to view release from NCB Financial Group Limited (NCBFG) Investor-Release-NCBFG-Sale-by-NCBJ-of-JMMB-Shares-December-27-2018
Date: December 27, 2018: United States: U.S. Futures Slump Back, Denting Epic Stock Rally: Markets Wrap The biggest one-day rally in American equities since 2009 faded into memory as U.S. stock-index futures tumbled alongside European shares on Thursday. Treasuries climbed, as oil and the dollar gave up some of the previous session’s advances. Contracts on
Date: December 24, 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 declined at a faster rate by 29% to close at $598.18 million compared to $847.44 million in 2017. As a result, net interest income for the year increased by 47%
Date: December 24, 2018 Cargo Handlers Limited (CHL) for the year ended September 30, 2018 reported revenues of $355.74 million, 11% higher than the $320.83 million booked in 2017. Revenues for the quarter amounted to $75.63 million, 16% higher than the $65.39 million reported for the same quarter in 2017. The Company booked a gain
Date: December 24, 2018 United States: U.S. Stock Futures Decline; Treasuries, Gold Gain: Markets Wrap U.S. stock futures gave up earlier gains as investors remained on edge over the turmoil in Washington after the worst week for equities in almost a decade. The dollar fell with European and Asian shares. Futures on the Dow, S&P
Date: December 21, 2018 United States: U.S. Stocks Fall as Shutdown Woes Add to Fed Angst: Markets Wrap Volatility gripped financial markets a day after the Federal Reserve sent shock waves across assets, with the rising threat of a government shutdown adding to a litany of concerns buffeting equities. The dollar sank with crude oil.
