May 16,2018 Sterling Investments Limited (SIL) for the three months ended March 31, 2018, reported a 4% decline in total revenue to $31.44 million compared to $32.59 million recorded for the corresponding period in 2017. Of total revenue: Interest income closed the period at $20.97 million, up 15% from the $18.16 million for the comparable
May 16, 2018 United States: U.S. Economic Rebound More Tangible After Retail Data, Fed Gauge Forecasts for a second-quarter rebound in the U.S. economy became more of a reality on Tuesday. Consumers shrugged off rising gasoline prices last month, as U.S. retail sales rose in broad fashion amid a boost to paychecks from tax cuts,
May 15,2018 PanJam Investment Limited (PJAM) for the three months ended March 31, 2018, reported a 4% increase in total income to total $523.51 million relative to $501.56 million booked for the prior year’s corresponding period. The Company noted this was as a result of, “lower investment income being offset by higher property income and stronger share
May 15, 2018 Kingston Wharves Limited (KW) for the three ended March 31, 2018 reported total revenue of $1.63 billion, an 18% or $246.99 million increase relative to the $1.39 billion recorded for the corresponding period in 2017. The company noted, “The revenue of the Terminal Operations Division for the first quarter amounted to $1.3
May 15, 2018 Victoria Mutual Investments (VMIL) for the three months ended March 31, 2018 reported total interest income of $180.93 million, a decline of 3% relative to the $185.84 million recorded for the corresponding period in 2017. Interest expense for the period amounted to $114.72 million, a 1% decline relative to the $115.96 million
May 15, 2018 Palace Amusement Company (PAL) for the nine months ended March 31,2018 reported total revenues of $835.96 million, a 21% increase when compared with the $691.08 million recorded for corresponding period in 2017. Total revenue for the quarter increased 39% to total $342.97 million relative to the $247.34 million recorded for same period
May 15,2018 United States: As U.S. debt levels soar, euro zone bonds act as alternative Worsening government finances, a fragile currency, rising interest rates and heightened political uncertainty? U.S. Treasury bonds’ status as the world’s ‘risk-free’ asset looks shaky and euro zone debt may offer an alternative. Global investors looking to minimize risk — particularly
May 14, 2018 Net International Reserves- April 2018 Jamaica’s Net International Reserves (NIR) totaled US$3,106.57 million as at April 2018, reflecting an increase of US$32.00 million relative to the US$3,074.57 million reported as at the end of March 2018 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$25.75 million
May 14, 2018 tTech Limited (tTech) for the three months ended March 31, 2018 reported operating revenues of $69.82 million, a 23% increase when compared to $56.59 million recorded for the corresponding period last year. tTech highlighted, “Our consulting team closed on a major Portfolio and Project Management services contract and closed strategic IT planning
May 14, 2018 United States: No, the U.S. Economy Isn’t Overheating Want ads for truck drivers to haul crude oil in Texas are touting salaries as high as $150,000 a year. Some nurses are getting $25,000 signing bonuses. The U.S. unemployment rate just fell to 3.9 percent, one tick away from its lowest since the
