January 15, 2020 United States: Housing Upswing to Cushion U.S. Economy From Sluggish Investment “A rejuvenated U.S. housing market will help keep the economy chugging along despite the threat posed by a derailment in corporate spending. Home construction outlays, which account for almost 4% of gross domestic product, increased for a fifth straight month in November, marking
January 14, 2020 Paramount Trading (Jamaica) Limited for the six months ended November 30, 2019 recorded a slight 3% decrease in total revenues to $768.22 million from $795.54 million reported in 2018. For the quarter, revenues rose 8% to close at $407.64 million (2018: $378.46 million). Direct expenses closed the period at $537.09 million relatively
January 14, 2020 Caribbean Cream Limited (KREMI) for nine months ended November 30, 2019 reported an 8% increase to total $1.24 billion compared to $1.15 billion in the corresponding period last year. Revenue for the third quarter rose 14% to close at $395.48 million compared to $348.24 million for the comparable quarter of 2018. Costs
January 14, 2020 AMG Packaging Paper Company Limited (AMG), for the three months ended November 30, 2019, recorded Turnover in the amount of $191.60 million, a decline of 10% when compared to $213.92 million booked the previous year’s corresponding quarter. Cost of Inventories totalled $108.80 million, a decrease of 16% relative to $130.18 million booked
January 14, 2020 Knutsford Express Services Limited (KEX), for the first six months ended November 30, 2019, reported total revenue of $607.19 million, a 9% or $52.09 million increase when compared with the $555.11 million reported for the same period in 2018. For the second quarter, revenues increased by 8% to close the period at
January 14, 2020 United States: Trump Trade Deal Raises Issue of Trusting China to Deliver "After three years of tweets and tariffs, President Donald Trump has arrived at his China moment. The phase-one deal to be signed Wednesday is expected to include China’s commitments to respect American intellectual property and not manipulate its currency. U.S.
January 13, 2020 Real GDP in the third quarter of 2019 increased for 49 states and the District of Columbia. According to the U.S. Bureau of Economic Analysis (BEA), “the percent change in real GDP in the third quarter ranged from 4.0% in Texas to 0.0% in Delaware.” The leading contributors to growth in real
January 13, 2020 KLE Group, franchisers of the world renowned international fast-casual dining restaurant, Usain Bolt’s Tracks & Records, has recently acquired full ownership of all its local franchises across Jamaica. The most recent acquisition is of the Montego Bay franchise which was owned by prominent Hotelier and Businessman, Christopher Issa. The acquisition came after
