May 10, 2023 United States: US Inflation Shows Signs of Moderating, Giving Fed Room to Pause US inflation showed signs of moderating in April, giving the Federal Reserve room to pause interest-rate increases soon. The consumer price index rose by 4.9% from a year earlier, the first sub-5% reading in two years, a Bureau of
May 9, 2023 United States: Stocks, Oil Slip After Weak China Data; Dollar Up: Markets Wrap US equities slumped as a debt ceiling impasse dragged on sentiment. The dollar edged higher. The S&P 500 traded down 0.5% on Tuesday while the tech-heavy Nasdaq 100 slid 0.5%. The gauges have been stuck in narrow trading ranges
May 8, 2023 Seprod Limited (SEP) for the three months ended March 31, 2023: Revenue increased 129% to $27.06 billion (2022: $11.81 billion). Management noted that the increase was driven by continued growth in the Trinidad and Guyana markets, growing economy in the world, 25% increase in export sales and organic growth in the
May 8, 2023 United States: Biden, McCarthy Head Into Showdown as Debt Limit Crisis Nears Joe Biden and Kevin McCarthy have arrived at a crucial moment in their debt ceiling fight — a meeting that risks cementing their standoff rather than yielding a breakthrough in a crisis already unnerving markets. The president will host the
May 5, 2023 United States: Hot Jobs Report Raises Odds Fed Keeps Rates Higher for Longer The unexpected pickups in US hiring and wages last month increase chances the Federal Reserve will hold interest rates high for longer and potentially keep the door open to an 11th straight hike in June. Nonfarm payrolls rose 253,000
May 4, 2023 The Federal Reserve (Fed) has decided to implement the monetary policy stance announced by the Federal Open Market Committee (FOMC) in its statement on May 3, 2023. Effective May 4, 2023, the interest rate paid on reserve balances will increase to 5.15%, the primary credit rate will increase by a quarter
May 4, 2023 United States: US Homeowners Hold Near-Record Equity Even After Price Declines The share of US homes that are equity-rich dropped slightly in the first quarter of this year, but remained close to historic highs, according to new data from ATTOM. Some 47.2% of mortgaged homes were equity-rich — meaning that the borrower
May 3, 2023 The Jamaica Employers’ Federation (JEF) President, David Wan, is expecting the Central Bank to lower the policy interest rate on deposit-taking institutions' overnight placements following the latest inflation rate out-turn, which is within touching distance of the Bank of Jamaica’s (BOJ’s) target range of 4% to 6%. This perspective is in
May 3, 2023 Dolphin Cove Limited (DCOVE) for the year ended December 31, 2022: Total revenue increased 98% to US$15.11 million (2021: US$7.64 million). For the quarter, total revenue increased 78% to US$3.91 million (2021: US$2.20 million). Of the year-end total revenue: Programme revenue increased 100% to US$7.72 million (2021: US$3.87 million) Ancillary services
April 27, 2023 According to the International Monetary Fund’s (IMF’s) most recent World Economic Outlook, Guyana is predicted to have the highest economic growth among Caricom countries this year (37.2%), while Haiti will experience the lowest growth (less than 1%) in 2023. The second-highest expected economic growth for this year is 6% and will
