U.S.:Yellen Backs Gradual Rate Rises as Fed Not Behind the CurveFederal Reserve Chair Janet Yellen backed a strategy for gradually raising interest rates, arguing that the central bank wasn’t behind the curve in containing inflation pressures but nevertheless can’t afford to allow the economy to run too hot. “I consider it prudent to adjust the
Kingston Properties Limited (KPRIET) has advised that it has completed the acquisition of a property located on Spanish Town Road in Kingston. The property is a warehouse and office complex that is leased to operators of manufacturing, distribution and logistics businesses.
138 Student Living Jamaica Limited (138SL) has advised that a connected party sold 30,734,795 138SL shares on January 13, 2017.
U.S.:U.S. jobless claims fall unexpectedly in latest weekThe number of Americans filing initial claims for unemployment benefits fell unexpectedly last week back to near the lowest levels in decades. Initial claims for state unemployment benefits declined by 15,000 to a seasonally adjusted 234,000 for the week ended Jan. 14, the Labour Department said on Thursday.
Kingston Properties Limited (KPREIT) has advised that on January 18, 2017, KPREIT completed the acquisition of a property located on Spanish Town Road in Kingston. The property is a warehouse and office complex that is leased to operators of manufacturing, distribution and logistics businesses. KPREIT advised that the acquisition represents the third Jamaican property currently
Jamaican Teas Limited (JAMT) has advised that at a Board of Directors’ meeting scheduled for February 9, 2017 a subdivision of the existing shares of the Company will be considered.
138 Student Living Jamaica Limited (138SL) has advised that a Director sold 7,838,090 138SL shares on January 16, 2017.
AMG Packaging & Paper Company Limited (AMG) has declared an interim dividend of $0.42 per share payable on March 14, 2017 to shareholders on record as at February 28, 2017. The ex-dividend date is February 24, 2017.
Kingston Wharves Limited (KW) traded at its 52-week high of $26.75.
U.S.:Consumer Prices in U.S. Rise for Fifth Month on Shelter, FuelThe cost of living in the U.S. climbed for a fifth month on the back of shelter and fuel prices, pushing inflation closer to the Federal Reserve’s goal. The consumer-price index rose 0.3 percent in December, matching the median projection of economists, after a 0.2
