United States: Warning Signs Flash for HSBC, Merrill in Emerging Market Rally The backlash to the world’s most-popular trade is underway -- the emerging market rally has now gone too far, according to HSBC Holdings Plc and Bank of America Merrill Lynch. A combination of potentially hawkish Federal Reserve surprises and already stretched performance has
Date: February 18, 2019 Seprod Limited (SEP) posted revenue totalling $24.38 billion compared to $16.51 billion recorded for the same period of the prior financial year, representing a 48% increase year over year. The Manufacturing Division recorded a 30% growth to close at $18.92 billion (2017: $14.59 billion), while the Distribution Division increased by 64%
Date: February 18, 2019 Consumer Price Index – January 2019 The consumer price index for the month of January 2019 recorded a negative inflation rate of 0.2%, following the 0.1% decline in its index for December 2018, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month of January fell
United States: Trump Adds to Carmakers’ Woes as Markets Across Planet Fizzle The tariffs that President Donald Trump may impose on vehicles imported to the U.S. would be just the latest kick in the teeth for carmakers battling cooling markets across the planet. Findings of an investigation into whether imported cars could pose a national
Date: February 15, 2019 138SL’s Revenue increased by 13% to $216.79 million relative to the $191.63 million recorded for the corresponding period last year. Other operating income declined for the period under review, decreasing by 13% to $6.30 million compared to $7.27 million a year earlier. 138 SL noted that, “the uncertainties as regards matters
United States: Xi Hails Important Progress, Says Trade Talks to Resume in U.S. President Xi Jinping said U.S.-China trade talks would continue next week in Washington, as the two sides race to reach a deal that would avert a tariff increase on Chinese goods after March 1. “Negotiations between both sides have achieved important progress
Date: February 14, 2019 Operating revenue increased by 9% amounting to $237.09 million in the six months period relative to $216.79 million in the prior year. For the quarter, operating revenue closed at $108.02 million (2017: $ 97.41 million). Administrative and other expenses amounted to $101.05 million compared to $97.65 million, a 3% increase. As
Date: February 14, 2019 ISP Finance Services Limited’s (ISP) total interest income amounted to $306.59 million compared to $288.74 million in 2017, an increase of 6%. For the quarter, total interest income amounted to $92.83 million (2017: $78.04 million). Total income is broken down as follows: Interest income from loans grew 7% to total $306.21
Date: February 14, 2019 Honey Bun (1982) Limited (HONBUN), booked a 14% increase in revenue to $369.01 million, up from $322.83 million. The Company’s cost of sales increased by 9% to $194.15 million (2017: $178.87 million) which consequently led to a 21% increase in gross profit to close at $174.87 million (2017: $143.96 million). HONBUN
Date: February 14, 2019 Sygnus Credit Investments Limited reported Interest Income of US$ 1.46 million 196% increase on the US$493,068 recorded in 2017. For the quarter, Interest Income rose 167% to US$856,155 (2017: US$320,736). Management noted, “The performance was driven by higher interest income from a larger portfolio of private credit investments.” The Company also
