November 29, 2019 Jamaican Teas Limited (JAMT) reported a 27% decrease in revenues to total $1.29 billion (2018: $1.77 billion). For the quarter, revenues amounted to $284.87 million (2018: $422.12 million). JAMT highlighted that, “JTL’s fourth quarter revenues from manufacturing operations increased almost 4 percent for the quarter from $272.8 million to $282.5 million due
November 29, 2019 QWI recorded Gains from investment activities of $394.49 million for the period ending September 30, 2019. Administrative expenses for the period amounted to $51.07 million, while finance costs amounted to $12.55 million. As such, QWI ended the period with a profit before taxation of J$330.87 million. Consequently, net profit for the period
November 29, 2019 United States: Markets Show U.S. Gaining Upper Hand Over China in Trade War “The U.S. is starting to overtake China in the trade war, at least in financial markets. Treasuries have held on to this year’s rally, the dollar remains strong despite three interest-rate cuts and U.S. stocks have been notching a
November 28, 2019 Unemployment rates trended downward for the month of October in 240 of the 389 metropolitan states compared to a year earlier. According to Bureau Labor Statistics, this was “higher in 121 areas, and unchanged in 28 areas.” Jobless rates lower than 3% were recorded in 153 areas while 2 areas posted rates
November 28, 2019 Brent Oil Brent oil prices decreased by 1.64% or US$1.05, as prices decreased this week relative to the prior week. Oil traded on November 28, 2019 at a price of US$62.92 per barrel relative to US$63.97 on November 21, 2019. Brent oil began the year at US$55.95 per barrel. Petrojam prices 87
November 28, 2019 United States: U.S., Canada, Mexico Meet to Push for Final Agreement on USMCA “The White House pushed Wednesday to wrap final negotiations with Democrats on President Donald Trump’s top legislative priority, the U.S.-Mexico-Canada Agreement, in meetings with top Mexican and Canadian officials. The administration and House Democrats have been locked in tense
November 27, 2019 The third quarter real gross domestic product (GDP) for the grew at an annual rate of 2.1%, based on the "second" estimate released by the Bureau of Economic Analysis (BEA). The second quarter of 2019 real GDP yielded an increase of 2.0%. Due to the availability of more complete data, BEA noted,
