Date: February 21, 2020 Caribbean Producers Jamaica Limited (CPJ) has advised that a meeting of the noteholders of its Fixed and Floating Rate Unsecured Notes due 2023 was called by the Trustee, Scotia Investments Jamaica Limited (SIJL), for Friday, February 28, 2020 to consider certain matters relating to the financial covenants set out in the
Date: February 21, 2020 Pulse Investments Limited (PULS) has advised that the Board of Directors of the Company is considering the following acquisitions: - A substantial (non-controlling) stake in Irie Jam 360 Media, a New York based radio, TV and internet media group, broadcast to a mainly Caribbean market in the tri state area of
Date: February 21, 2020 Caribbean Cream Limited (KREMI) has advised of the following changes to the structure and organization of the Company: Mr. Christopher Clarke will continue as the CEO of the Company and will also assume the new role of Chairman of the Board of Directors effective March 1, 2020. Mr. Ryan Peralto has
Date: February 21, 2020 Eppley Limited (EPLY) has announced that Mr. Justin Nam has been promoted to General Manager. Mr. Nam will continue to report to Mr. Nicholas Scott, Managing Director of EPLY. In his expanded role, Mr. Nam will take on increased leadership, investment and operating responsibilities across all the Company’s growing business in
February 21, 2020 According to the statistical office of the European Union (Eurostat), in January 2020, the euro area annual inflation rate was 1.4%, an increase from 1.3% in December. Compared to the previous year, the rate was 1.4%. Additionally, the European Union annual inflation was reported at 1.7% in January 2020, an increase from
February 20, 2020 Brent Oil Brent oil prices increased by 5.27% or US$2.97, as prices rose this week relative to the prior week. Oil traded on February 20, 2020 at a price of US$59.31 per barrel relative to US$56.34 on February 13, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
February 21, 2020 United States: Farmers Are Not Ready to Buy Tractors Despite Trump China Trade Deal “Farmers aren’t ready to heed Donald Trump’s advice to buy bigger tractors after his initial trade deal with China. More than half of U.S. farmers plan to spend less on capital equipment this year, and only 13% plan
February 20, 2020 At Salada Food Limited’s 55th Annual General Meeting, Mrs. Dianna Blake-Bennett commented on the performance of the Company stating, “export revenue grew by 10% year on year, however, domestic sales outpaced export sales.” Additionally, “although there was a 7% increase in revenue, the impact of the Cess led to an increase of
February 20, 2020 United States: White House Admits That Trump Trade Stance Did Depress Economy “The White House acknowledged what many economists considered obvious through much of last year: President Donald Trump’s trade stance depressed economic growth and business investment. Uncertainty generated by trade negotiations dampened investment,” Trump chief economist Tomas Philipson told reporters in
February 20, 2020 Pulse Investments Limited (PULS) has advised that the following resolutions were considered and passed at the Annual General Meeting of the Company held on Tuesday, February 18, 2020: 1. That the authorized share capital of PULS be increased from 1,950,000,000 (one billion, nine hundred and fifty million) shares of no par value,
