January 16, 2023 Sygnus Real Estate Finance Ltd. for the first quarter ended November 30, 2022, reported a 65% increase in interest income to $33.84 million (2021: $20.54 million). Interest expense also increase 65% to $62 million (2021: $37.56 million). SRF noted, “the Group continued to unlock value from its major real estate investment assets
January 13, 2023 Paramount Trading (Jamaica) Limited recorded a 55% increase in total revenues to $1.20 billion from $770.49 million reported in 2021. For the quarter, revenues rose 50% to close at $600.99 million (2021: $401.18 million). PTL stated that, “During the period, revenue growth strategies employed by the Company resulted in an improvement
January 16, 2023 United States: US Dollar Shorts Become Favorite Trade as Fed Seen Slowing Hikes The dollar’s rally from an eight-month low could be fleeting as the growing view that the Federal Reserve will slow the pace of interest-rate hikes is likely to keep selling pressure on the US currency. The Bloomberg Dollar
January 13, 2023 AMG Packaging Paper Company Limited (AMG), for the three months ended November 30, 2022, recorded a 6% decline in turnover to $254.27 million (2021: $270 million). Total manufacturing costs for the period declined 8% to $180.78 million (2021: $196.08 million). Of this: Cost of inventories declined 13% to $135.96 million (2021:
January 13, 2023 Gas Price Movement - January 12, 2023 Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no
January 13, 2023 United States: BofA Reaps Benefits of Volatility as Lending Income Misses Bank of America Corp. traders beat analysts’ estimates as they reaped the benefits of dramatic market swings, and lending income rose along with interest rates while falling short of expectations. Net interest income, the revenue collected from loan payments minus
January 12, 2023 United States: US Inflation Cools Again, Giving Fed Room to Downshift on Rates A key gauge of US inflation posted a moderate increase in December, adding to evidence that some price pressures are easing and offering the Federal Reserve room to slow the pace of interest-rate hikes next month. Excluding food
January 11, 2023 United States: Fed’s No-Rate-Cut Mantra Rejected by Markets Seeing Recession Federal Reserve officials are making a full-court-press effort to convince investors they won’t be slashing their benchmark interest rate before year’s end. https://www.bloomberg.com/news/articles/2023-01-11/fed-s-no-rate-cut-mantra-rejected-by-markets-seeing-recession Europe: European Stocks Resume Advance on Hopes of Easing Inflation European equities rose on optimism around cooling inflation,
January 10, 2023 United States: Inflation’s Path From Peak Is Next Big Question for US Economy The question that obsessed financial markets last year was when and where US inflation would peak. The 2023 version will likely be how far, and how fast, it comes down. Economists may not see eye-to-eye on the answer
January 9, 2023 United States: Morgan Stanley Warns US Stocks Risk 22% Slump US equities face much sharper declines than many pessimists expect with the specter of recession likely to compound their biggest annual slump since the global financial crisis, according to Morgan Stanley strategists. Michael Wilson — long one of the most vocal
