Date: August 22, 2018 Derrimon Trading Limited (DTL) held its 5th Annual General Meeting (AGM) today at the Knutsford Court Hotel. Chief Financial Officer and Divisional Director, Mr. Ian Kelly, highlighted the Company’s tremendous performance for their most recent financial year, indicating that though revenues only grew by 9% year on year ($6.72 billion), gross
Date: August 22, 2018 United States: America’s Booming Economy Comes With a Cost for Global Growth Making America great again isn’t proving so great for other parts of the world. With the rise in the dollar and interest rates already squeezing emerging economies just as President Donald Trump’s trade war threatens China, the U.S. is
Date: August 21, 2018 United States: U.S. Heads for Best Growth Since 2005 on Robust Domestic Demand The U.S. economy looks set to forge ahead as fresh reservoirs of domestic demand carry it past turbulence overseas, keeping the Federal Reserve on course for further interest-rate hikes. Households have more cash to spend than thought, thanks to
Date: August 17, 2018 United States: Trump Seeks SEC Study of 6-Month Reporting Instead of Quarterly President Donald Trump said he’s asked the Securities and Exchange Commission to study ending quarterly reporting for U.S. businesses in order to ease regulations and spur growth. "In speaking with some of the world’s top business leaders I asked
Date: August 16, 2018 JETCON for the six months ended June 30, 2018 reported total turnover of $605.48 million, 9% more than the $553.03 million reported for the corresponding period in 2017. Cost of Sales for the period increased by 11% to 484.26 million (2017: $438.74 million), As such, Gross Profit for the period increased
Date: July 16. 2018 Consumer Price Index- July 2018 The consumer price index for the month of July 2018 increased 1.0%, following the 0.4% increase in June 2018, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month amounted to 250.4, relative to the 248.0 reported for June 2018. This increase
Date: August 16, 2018 Derrimon Trading Limited (DTL) Trading Income climbed by 33%, to end the six months at $4.04 billion compared to the $3.05 billion for the prior period. For the quarter the company reported a 38% increase in Trading Income totalling $2.10 billion relative to $1.52 billion. Management noted, “The six months (6)
Date: August 16, 2018 United States: Powell to Keep Hiking as U.S. Growth Trumps Turkish Turmoil That’s the message seasoned watchers of the Federal Reserve have for any investors hoping that turmoil in Turkey and the wider emerging-market selloff would stay the hand of Chairman Jerome Powell from raising interest rates. While international developments did
Date: August 15, 2018 General Accident Insurance Company Limited (GENAC) reported Net Premium Written of $839.89 million, a 25% increase from the $673.34 million reported in 2017. This increase was driven by a 2% increase in Gross Premium Written to $4.65 billion for the period, up from the $4.55 billion in 2017. In addition, Reinsurance
Date: August 14, 2018 Everything Fresh (EFRESH) for the six months ended June 30, 2018 reported total revenues of $969.02 million, a 6% increase on the $914.99 million reported for the prior period in 2017. For the quarter, revenue totalled $494.27 million, 10% more than the $450.65 million reported for 2017’s quarter. Cost of Sales
