ECB holds interest rate steady
March 9, 2018 Mario Draghi, President of the European Central Bank (ECB) reported on the progress of the Euro area economy at a press conference held March 8, 2018. ECB has decided to keep the key interest rates unchanged and has vowed to continue its asset purchasing program up to September 2018, or beyond, if necessary. ECB currently purchases net asset of Euro 30 billion monthly. Inflation for the Euro zone still remain subdue, but given the current expectation of the continued broad-based growth momentum within the euro area economy, inflation is expected to converge towards the ECB target of
Daily Market Summary March 9, 2018
Daily Market Summary 9.03.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
GK moving towards greater efficiency
March 9, 2018 Grace Kennedy reported on its year end result via a live video stream March 8, 2018. Group Chief Executive Officer (CEO) Donald Wehby started off by outlining a myriad of challenges the company faced for the 2017 period, before moving on to unveil future plans for the Group in 2018 and beyond. The slew of hurricanes to hit the Caribbean in 2017 has impacted the operation of the Company but mainly through it insurance service business. Despite this, all business segments experienced growth in profit with the exception of insurance which contracted year over year. Food Trading