Date: August 14, 2018 United States: Investors Haven’t Been This Bullish on U.S. Stocks Since 2015 The bull run that has taken U.S. equities to record highs this year may be about to reach its peak, according to the latest survey of fund managers by Bank of America Merrill Lynch. Allocations to U.S. stocks jumped 10
Date: August 13, 2018 United States: Fed Dove Evans Veers in Hawkish Direction Over Rate Outlook The Federal Reserve may need to raise interest rates to “somewhat restrictive” levels to combat the effects of recent fiscal stimulus on the U.S. economy, said Chicago Fed President Charles Evans in hawkish comments from one of the central
Date: August 10, 2018 United States: U.S. Consumer Prices Rise; Core Posts Biggest Gain Since 2008 U.S. consumer prices rose in July, with a gauge excluding food and fuel costs posting the biggest annual gain since 2008, underpinning expectations that the Federal Reserve will raise interest rates next month. The consumer-price index rose 0.2 percent
Date: August 9, 2018 Reported in US$ (except where it is indicated otherwise) Proven Investments Limited (PROVEN) for the three months ended June 30, 2018 reported interest income of $7.21 million, a 5% or $333,400 increase when compared with the $6.87 million reported for the same period in 2017. Interest expense for the period amounted
Date: August 9,2018 Access Financial Services Limited (AFS) for the three months ended June 30, 2018 reported $401.66 million in total interest income, a 17% increase relative to the $343.04 million recorded in 2017. Of this, Interest Income from Loans amounted to $400.15 million (2017: $339.32 million), while Interest Income from Securities totalled $1.51 million
Date: August 9, 2018 United States: U.S. Oil Vanishing From China Tariffs Reveals American Clout The removal of U.S. crude from goods targeted by Chinese tariffs is a sign that America has become too big to ignore in the oil market. Less than two months after threatening to impose levies on imports of U.S. crude,
Date: August 8, 2018 Jamaica’s Net International Reserves (NIR) totaled US$3,149.48 million as at July 2018, reflecting an increase of US$13.99 million relative to the US$3,135.49 million reported as at the end of June 2018 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$13.32 million to total US$3,700.72 million
Date: August 8, 2018 United States: Banks After Tax Cuts: Loan Growth Slows and 3,200 Jobs Disappear Banks were among the top beneficiaries when Republicans slashed corporate taxes in December to stoke the U.S. economy. So how are the nation’s largest financial institutions treating employees, customers and investors? Twenty-three firms deemed most important by the Federal
Date : August 7, 2018 United States: U.S. Trade Deficit Widened in June for First Time in Four Months The U.S. trade deficit grew in June for the first time in four months as imports increased and the value of shipments overseas declined against a backdrop of escalating tensions with America’s trading partners. The gap widened
