The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5% in September on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported, in addition over the last 12 months, the all items index rose 2.2 %. The gasoline index saw an increased 13.1% in September and accounted for about three-fourths of the
Europe: ECB Slows Asset Purchases as Draghi Heads for Stimulus Exit The European Central Bank will reduce its monthly bond purchases next year in a step toward ending a program that has spent more than 2 trillion euros ($2.4 trillion) trying to revive euro-area inflation. Policy makers agreed to scale back buying to 30 billion
Effective 25 October 2017, Bank of Jamaica will reduce the amount that authorised dealers and cambios are required to sell to the central bank from their daily purchases of foreign exchange. For both authorised dealers (ADs) and cambios, the amount required to be sold to the central bank will be reduced by 5.0 percentage points.
NCB Financial Group Limited (NCBFG)has advised that Mr. Robert Tang Yuk has been appointed as a Director of its subsidiary, NCB Global Finance Limited, effective October 17, 2017.
Berger Paints Jamaica Limited (BRG) has advised that a Director and a Senior Manager sold a total of 437,895 BRG shares in response to the take-over bid offer by ANSA Coatings International Limited.
Sagicor Group Jamaica Limited (SJ) has advised that a related party sold 9,000 SJ shares on October 18, 2017.
The inflation rate for the month September 2017 was 0.7%, following an upward movement of 0.3% in August 2017. The division which recorded the highest movement for the month was ‘Housing, Water, Electricity, Gas and Other Fuels’ with a 2.6% growth, while the index for ‘Food and Non-Alcoholic Beverages’ advanced by 0.4%. STATIN reported that
Asia: China shoppers rein in spending on cookies to pop drinks: survey Growth in sales of consumer goods ranging from biscuits and candies to toothpaste and shampoo has slowed in China to a five-year low, a survey shows, in a major challenge for global firms seeking to attract buyers in the world’s most populous nation.
Supreme Ventures Limited (SVL) has advised that the Company is in receipt of a Members Requisition for an Extraordinary General Meeting (EGM) dated October 19, 2017 from the following shareholders; Mayberry West Indies Limited Bamboo Holdings Limited Konrad Mark Berry The objects of the meeting are: To remove the following Directors from the
