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5 08, 2022

CFF reports 9% increase in six months net profit

2022-08-05T18:09:20-05:00

August 5, 2022 For the period ended June 30, 2022, Caribbean Flavours & Fragrances Limited’s (CFF) revenue increased by 19% to $359.85 million relative to $3301.30 million for the comparable period in 2021. For the quarter, the Company generated revenue of $185.69 million (2021: $167.560 million), an 1% increase year over year. Cost of sales

5 08, 2022

LASM reports 3% increase in first quarter net profit

2022-08-05T16:21:53-05:00

August 5, 2022 Lasco Manufacturing Limited (LASM) for the three months ended June 30, 2022 recorded an increase of 12% in total revenue to total $2.60 billion, relative to the $2.32 billion recorded for the comparable period in 2021. Cost of sales amounted to $1.71 billion (2021: $1.48 billion) for the quarter, an increase of

5 08, 2022

NCBFG posts 86% increase in net profit for the 9 months ended June 2022

2022-08-05T09:15:11-05:00

August 5, 2022 Net Interest Income decreased rose by 18%, relative to the corresponding period in 2021, to total $48.56 billion (2021: $41.29 billion). For the quarter, Net Interest Income improved 14% to close at $16.18 billion (2021: $14.19 billion).  Interest income year to date rose 11% year over year to $67.58 billion compared to

5 08, 2022

Overseas Headlines – August 5, 2022

2022-08-05T08:58:29-05:00

August 5, 2022   United States: Futures Drop, Yields Rise as Jobs Fuel Rate Bets: Markets Wrap US stock futures turned lower and Treasuries sank after data showed a booming labor market that might prompt the Federal Reserve to raise rates sharply at its next meeting. Contracts on the S&P 500 slid more than 0.5%

4 08, 2022

BOE to raise the bank rate to 1.75%

2022-08-04T16:31:39-05:00

August 4, 2022 Since the May Monetary Policy Report and the preceding Bank of England's Monetary Policy Committee (MPC) meeting, inflationary pressures in the UK and the rest of Europe have increased dramatically. Due to Russia's restriction of gas supply to Europe and the possibility of more restrictions, wholesale gas prices have nearly doubled since

4 08, 2022

JMMBGL Announces the Acquisition of Banco Múltiple Bell Bank SA

2022-08-04T10:06:35-05:00

August 4, 2022 JMMB Holding Company, SRL and its parent JMMB Group Limited  have received final regulatory approval for the  purchase of 100% of the shares in Banco Múltiple Bell Bank, S.A. in the Dominican Republic as well as to merge said entity with  Banco Ahorro y Crédito, JMMB Bank, SA on July 28, 2022

4 08, 2022

Overseas Headlines – August 4, 2022

2022-08-04T09:29:43-05:00

August 4, 2022   United States: Bonds Rally on Economic Fear; Tech Stocks Gain: Markets Wrap Government bonds rallied from the UK to the eurozone to the US Thursday as economic and market anxieties tested the equity market’s bullish resolve. US futures rose. Treasury yields were lower in the wake of an outsized rate increase

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