U.S.:Fed Debate Over $4.5 Trillion Balance Sheet Looms in 2017It’s time to talk about the balance sheet. Eight years after the Federal Reserve launched the first of three controversial bond-buying campaigns to help save the U.S. economy, its holdings are stuck at $4.5 trillion, and the question of when to let them shrink is beginning
Supreme Ventures Limited has advised that at a Board of Directors` meeting scheduled for Thursday, February 23, 2017an interim dividend payment will be considered.
Berger Paints Jamaica Limited has submitted its unaudited financial statements for the third quarter ended December 31, 2016.
Berger Paints Jamaica Limited traded at its 52-week high of $7.99.
U.S.:Futures fall on Trump's protectionist addressU.S. stock index futures slipped on Monday as investors around the world sought safe-haven assets such as gold and U.S. Treasuries in response to the protectionist sentiments expressed by President Donald Trump in his inauguration speech. Trump pledged to put "America first" by laying out two simple rules - buy
Trinidad Cement Limited (TCL) has submitted a Supplemental Directors’ Circular dated January 19, 2017 in respect of the Amended Offer made by Sierra Trading to purchase up to 132,616,942 ordinary shares so as to result in Sierra Trading holding not more than 74.9% of the issued and outstanding shares of TCL at a cash price
Caribbean Flavours & Fragrances Limited (CFF) has advised that Derrimon Trading Company Limited (DTL) on January 17, 2017 announced their intention to make a take-over bid to acquire 50.98% of the issued shares in CFF (or 45,841,911 ordinary shares in CFF), at a price of J$4.50 per stock unit to stockholders in Jamaica (the Offer).
Kingston Properties Limited (KPREIT) has advised that a total of USD4.5M was spent on its recent acquisition of two properties in Jamaica and the Cayman Islands, bringing the total number of properties held to thirty. The acquisition was financed using bank debt from institutions in the US, Jamaica and the Cayman Islands in both USD
Berger Paints Jamaica Limited (BRG) traded at its 52-week high of $6.75.
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
