March 5, 2024 Carreras Limited (CAR) for the nine months ended December 31, 2023, reported a 10% increase in operating revenue totalling $13.84 billion compared to $12.53 billion in the corresponding period last year. Operating revenue for the third quarter had a 9% increase to close at $5.46 billion compared to $5.00 billion for
March 5, 2024 United States: Americans Now Pay as Much Interest on Other Debt as on Mortgages US households are now paying roughly as much interest on other kinds of debt, from credit cards to student loans, as they are on their mortgages, according to the latest numbers from the Bureau of Economic Analysis.
March 4, 2024 Kingston Properties Limited (KPREIT) for the year ended December 31, 2023, reported a 14% increase in total operating revenues to reach US$3.98 million compared to US$3.48 million in the corresponding period last year. Operating expenses amounted to US$1.53 million (2022: US$1.48 million), this represents an increase of 3% year over year.
March 4, 2024 United States: Fed’s Powell to Double Down on ‘No Rush to Cut’ Message Federal Reserve Chair Jerome Powell is expected to double down on his message that there’s no rush to cut interest rates, especially after fresh inflation data showed that price pressures persist. Powell is headed to Capitol Hill, where
March 1, 2024 Derrimon Trading Ltd (DTL) for the year ended December 31, 2023, reported a 2% increase in revenue totalling $18.74 billion compared to $18.42 billion in the corresponding period last year. Revenue for the fourth quarter had a 1% increase to close at $4.65 billion compared to $4.61 billion for the comparable
March 1, 2024 Kingston Wharves Limited (KW) for the year ended December 31, 2023, reported a 2% increase in revenue totalling $9.71 billion compared to $9.48 billion in the corresponding period last year. Revenue for the fourth quarter had an 8% increase to close at $2.66 billion compared to $2.47 billion for the comparable
March 1, 2024 First Rock Real Estate Investments Limited (FIRSTROCK) for the year ended December 31, 2023, reported a 92% decrease in property income totalling US$543,052 compared to US$6.71 million in the corresponding period last year. Property loss for the fourth quarter closed at US$3.46 million compared to property income of US$455,933 for the
March 1, 2024 Caribbean Flavours and Fragrances Limited (CFF) for the year ended December 31, 2023, reported a 17% increase in revenue totalling $900.81 million compared to $772.23 million in the corresponding period last year. Revenue for the fourth quarter had an 11% increase to close at $232.54 million compared to $210.29 million for
March 1, 2024 United States: Apollo’s Torsten Slok Says Fed Will Not Cut Rates in 2024 Apollo Management Chief Economist Torsten Slok said that a re-accelerating US economy, coupled with a rise in underlying inflation, will prevent the Federal Reserve from cutting interest rates in 2024. “The bottom line is that the Fed will
February 29, 2024 The German economy ended 2023 in negative territory, according to the President of the Federal Statistical Office (Destatis). For Q4 2023, Germany’s economy experienced a 0.3% fall in gross domestic product (GDP), when compared to Q3 2023, after adjustment for price, seasonal and calendar variations. The fall was attributed to declining
