April 9, 2018 United States: Powell, Williams See More Gradual Fed Hikes Despite Trade Uproar Federal Reserve Chairman Jerome Powell backed further gradual interest-rate increases amid strong U.S. economic momentum, in remarks that avoided the turbulent U.S. stock market and sought to steer clear of the simmering U.S.-China trade dispute. “We will continue to aim
April 6, 2018 Sagicor Bank Jamaica Limited (SBJ) has advised that Mr. Philip W. Armstrong tendered his resignation from the Board effective March 31, 2018.
April 6, 2018 Seprod Limited (SEP) has advised that Mr. Patrick A. Scott was appointed to the Board of Directors effective April 4, 2018.
April 6, 2018 United States: U.S. Needs China More Than China Needs the U.S. Not one to be outdone by any adversary, Donald Trump has upped the ante in a rapidly escalating trade war with China, threatening an additional $100 billion of tariffs on top of the initial round of $50 billion. In doing so,
April 5, 2018 Victoria Mutual Investments Limited (VMIL) has advised that VMIL recently raised J$1B by way of an exempt distribution arranged by Victoria Mutual Wealth Management Limited and that the terms of the bond include a fixed rate of .75% for two years, variable thereafter with a total tenure of five (5) years. The offer
April 5, 2018 According to a recent release by Eurostat, the statistical office of the European Union, the volume of retail trade increased by 0.1% in the euro area (EA19) and by 0.2% in the EU28 for the month of February 2018, after falling by 0.3% in the euro area (EA19) for the previous month.
April 5, 2018 Untied States: U.S. Leaves Door Open to China Talks Amid Trade-War Fears The Trump administration indicated it’s willing to negotiate with China on escalating frictions between the world’s two biggest economies, helping to ease fears among investors of a tit-for-tat trade conflict. U.S. Commerce Secretary Wilbur Ross said China’s response isn’t expected
April 4, 2018 Unemployment Unemployment rate for both euro area (EA19) and EU 28 nudged down marginally from January to February of this year, according to data published by Eurostat, the statistical institute of the Europe Union. This is the lowest rate recorded in both areas since December 2008. The euro area (EA19) unemployment rate
April 4, 2018 United States: Specter of Full Trade War Returns to Batter Stocks: Markets Wrap Fears of a trade war between the world’s two largest economies returned to haunt markets on Wednesday, sending U.S. stock futures tumbling and sinking European and Asian equities. Treasuries climbed while the dollar was steady, and gold jumped. Hopes
Date: April 3, 2018 K.L.E Group Limited (KLE) ,for the year ended December 31, 2017 recorded a total revenue of $215.43 million (2016: $195.94 million), representing a 10% increase in revenues. Cost of sales for the year increased by 11% to $69.61 million compared to the $62.70 million reported in 2016; as a result, Gross profit
