Date: November 14, 2018 Victoria Mutual Investments (VMIL) reported total interest income of $523.24 million, a decline of 6% relative to the $557.90 million recorded for the corresponding period in 2017. Interest expense for the period amounted to $340.97 million, a 7% decline relative to the $366.38 million recorded in 2017. As such, net interest
Date: November 14, 2018 Access Financial Services Limited (AFS) for the six months ended September 30, 2018 reported $787.27 million in total interest income, a 20% increase relative to the $658.40 million recorded in 2017. Of this, interest income from loans amounted to $784.71 million (2017: $651.88 million), while interest income from securities totalled $2.56
Date: November 14, 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: November 14, 2018 For the nine months ended September 30, 2018, Kingston Wharves’ revenue totaled $5.26 billion a 16% increase when compared to $4.52 billion for the corresponding period of the prior year, while revenue for the second quarter grew 18% to $1.87 billion (2017: $1.58 billion). This as both the company’s ‘Terminal Operations’
Date: November 14, 2018 United States: Greenspan Says U.S. May Be Seeing the First Signs of Inflation Former Federal Reserve Chairman Alan Greenspan said a rising U.S. debt burden could derail the current expansion and warned the tight labor market could lift inflation. “I’m beginning to see the first signs of it,” Greenspan said about
Date: November 13, 2018 tTech Limited (tTech) for the nine months ended September 30, 2018, booked a 31% increase in operating revenues for the period to $214.84 million compared to $163.63 million for the corresponding period last year. Revenue for the quarter rose 25% from $55.80 million in September 2017 to $69.59 million. Cost of
Date: November 13, 2018 Reported in US$ (except where it is indicated otherwise) Proven Investments Limited (PROVEN) for the six months ended September 30, 2018 booked net interest of $10.53 million, up from the $9.20 million documented in 2017. Of this, interest income totaled $14.17 million, a 3% increase when compared to the $13.77 million recorded
Date: November 13, 2018 United States: A Strong U.S. Economy Will Boost Global Growth in 2019 Judging by recent headlines, the global economy is on a wild roller coaster that’s going mostly downhill. There are Brexit, trade wars, Italy’s fight with the European Union, renewed U.S. sanctions on Iran, a Chinese debt bomb, jittery stock
Date: November 12, 2018 United States: Fed Risks Backlash Reining in Economy Congress Wants to Rev Up The guardian of the punch bowl is at risk of becoming the punching bag. The Federal Reserve continued to signal at its meeting Thursday that “further gradual increases” in interest rates are coming for the “strong” U.S. economy.
Date: November 1, 2018 United States: U.S. Productivity Posts Best Back-to-Back Quarters Since 2015 Productivity gains in the U.S. posted the best back-to-back quarters since 2015, echoing a pickup in economic growth and offering some hope that faster expansion without stoking inflation is possible. The main measure of nonfarm business employee output per hour increased
