Brent Oil Brent oil prices fell by 3.66% or US$3.26 relative to the prior week. Oil traded on February 10, 2022, at US$92.40 per barrel relative to US$89.14 on February 3, 2022. Brent oil opened 2022 year at US$78.98 per barrel. Petrojam prices 87 Octane prices rose by 1.75% (JMD$3.060) and 90 Octane increased by
February 10, 2022 United States: U.S. Inflation Charges Higher With Larger-Than-Forecast Gain “U.S. consumer prices surged in January by more than expected, sending the annual inflation rate to a fresh four-decade high and adding more urgency to the Federal Reserve’s plans to start raising interest rates.” https://www.bloomberg.com/news/articles/2022-02-10/u-s-inflation-charges-higher-with-larger-than-forecast-gain?srnd=premium Europe: A £3 Billion Loss at the
February 9, 2022 Mailpac Group Limited (MAILPAC)’s revenue amounted to $1.82 billion for the twelve months ended December 31, 2021, 5% greater than $1.73 billion booked for 2020 year end. While, for the quarter, revenues closed at $501.73 million (2020: $512.14 million), 2% lower than the corresponding quarter due to a decline in “online shopping during
February 09, 2022 Future Energy Source Company Limited (FESCO) reported $8.01 billion in turnover relative to the $4.35 billion reported in 2020, representing a 84% increase. For their third quarter FESCO recorded a 139% increase in revenue to $3.68 billion from $1.54 billion reported for the corresponding period in 2020. Cost of sales amounted to $7.76
February 9, 2022 Lasco Financial Services Limited (LASF), for the nine months ended December 31, 2021 recorded trading income of $1.75 billion; this represented a 4% increase when compared to $1.67 billion posted in 2020, while trading income for the quarter amounted to $668.38 million (2020: $527.18 million). Other income increased significantly to $88.36 million
February 9, 2022 Figures are quoted in United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ) for the six months ended December 31, 2021, revenues rose 138% from $24.39 million in 2020 to close the period under review at $58.08 million. For the second quarter, the company also posted a 120% increase in
February 9, 2022 Sales After adjusting for seasonal variations and trading day variances but not for pricing adjustments, December 2021 merchant wholesaler sales were $634.6 billion, up 0.2% (±0.4%)* from the revised November level and up 21.8% (±1.9%) from the revised December 2020 level. The percent change from October 2021 to November 2021 was updated
February 09, 2022 The Goods and Services Deficit Increased $182.4 billion Year to Year. The United States Census Bureau and the United States Bureau of Economic Analysis stated that the December goods and services deficit was $80.7 billion, up $1.4 billion from the revised $79.3 billion in November. December exports totaled $228.1 billion, an increase
February 9, 2022 Seprod Limited (SEP) posted revenue totalling $42.91 billion compared to $37.74 billion recorded for the same period of the prior financial year, representing a 14% increase year over year. Revenue for the quarter amounted to $11.76 billion relative to the $9.08 billion reported in 2020. Direct expenses increased by 17% from $27.25
United States: Hot Inflation Data Risk Pushing Fed Closer to a Super-Sized Hike “A hotter-than-expected U.S. inflation print would push the Federal Reserve closer to considering its single-largest rate hike in more than two decades. The January consumer price index, due Thursday, is one of the most important data releases before the central bank’s March
