Date: August 31, 2018 Ciboney Group Limited (CBNY) presented the audited results for the year ended May 31, 2018 which higlighted financial income for the period totalled $1.72 million up from the $154,000 reported for the comparable quarter in 2017. Financial income for the quarter amounted to $39,000, a gross increase of 88% relative to
Date: July 18, 2018 United States: Powell Wants to Create Some Mystery Around Fed Meetings Change is in the air at the Federal Reserve. Chairman Jerome Powell’s semiannual monetary policy testimony in the Senate gave a big hint that we can no longer count on the explicit policy of gradual interest-rate hikes to continue too
Date: July 17, 2018 The consumer price index for the month of June 2018 increased 0.4%, following the negligible movement in May 2018, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month amounted to 248.0, relative to the 247.0 reported for May 2018. This increase was largely attributed to the
Date : July 17, 2018 United States: Stocks Drop as Traders Await Powell; Oil Steadies: Markets Wrap U.S. equity futures fell alongside European stocks as investors digested a flood of earnings as well as prepared for the latest clues from the Federal Reserve on monetary policy in the world’s biggest economy. Most commodities climbed, as
Date: July 16, 2018 United States: Fed's Powell Says the U.S. Economy in ‘Good Place’ But Trade Is a Risk Federal Reserve Chairman Jerome Powell gave an upbeat assessment of the U.S. economy but warned a sustained period of high tariffs on a wide variety of imports could be harmful to growth. “I sleep pretty
Date: July 13, 2018 Caribbean Cream Limited (KREMI) for quarter ended May 31, 2018 reported a 29% increase in revenue to total $411.75 million compared to $319.10 million in the corresponding period last year. According to the company, “These results are attributed to improved product supply as a result of greater production efficiencies, along with the introduction
Date: July 13, 2018 United States: U.S. Stock Futures Drift as Traders Weigh Earnings: Markets Wrap U.S. equity-index futures struggled for traction as investors focused on second-quarter earnings, and as China’s record trade surplus with America served as a reminder that protectionist tensions aren’t going away. The pound fell as the Brexit quagmire deepened. Futures
Date: July 12, 2018 United States: U.S. Yield Curve to Invert in Mid-2019, Morgan Stanley Says The Federal Reserve next March will probably map out an end to the contraction in its balance sheet, helping support longer-dated bond yields, which will drop below those on shorter-dated notes by the middle of 2019, according to Morgan
Date: July 11, 2018 Gross Domestic Product (GDP) - First Quarter 2018 The latest data from the Statistical Institute of Jamaica indicates, “The Jamaican economy grew by 1.4% in the first quarter of 2018 when compared to the similar quarter of 2017”. This was due mainly to the improved performances in both the Services industries
Date: July 10, 2018 United States: U.S. Producer Prices Rise From Year Ago by Most Since 2011 U.S. wholesale prices rose in the 12 months ended in June by the most since November 2011 as the costs of services accelerated, a Labor Department report showed Wednesday in Washington. The figures, which measure wholesale and other
