U.S.: Fed rate hike expected next week, three hikes expected in 2018: Reuters poll The U.S. Federal Reserve is almost certain to raise interest rates later this month, according to a Reuters poll of economists, a majority of whom now expect three more rate rises next year compared with two when surveyed just weeks ago.
Stationary and Office Supplies Limited (SOS) SOS has advised that a Senior Manager sold 281,000 SOS shares on November 21, 2017.
Sagicor Group Jamaica Limited (SJ) has advised that a connected party purchased 156,796 SJ shares. SJ further advised that two Senior Officers and a connected party sold a total of 163,900 SJ shares. These transactions were conducted on November 29, 2017.
Mayberry Investments Limited (MIL) has advised that two connected parties purchased a total of 414,751 MIL shares on November 30, 2017.
Proven Investments Limited (PROVEN) has advised that Ms. Chorvelle Johnson, President and CEO of PROVEN Wealth Limited and PROVEN Fund Managers Limited, has resigned and will demit office effective January 26, 2018. PROVEN further advised that Mr. Christopher Williams, President and CEO of PROVEN Management Limited, will act in this position, as approved by the
NCB Financial Group Limited (NCBFG) has advised of a transaction under which the Company will acquire a majority stake in Clarien Group Limited (CGL), owner of Clarien Bank Limited (Clarien) based in Hamilton, Bermuda. Under the transaction agreement, NCBFG will acquire a 50.1% majority stake in CGL. Funds managed by Portland Private Equity (PPE) will
Jamaica Public Service Limited (JPS) has advised that at a Board of Directors’ meeting scheduled for December 8, 2017 a dividend payment for Class F Preference shareholders will be considered.
Cable Bahamas Limited (CAB) has advised of the resignation of Mr. Calvin Knowles from the Audit Committee effective August 2, 2017. CAB further advised that the resignation was not related to any disagreement in respect to accounting principles of practice, financial statements disclosure or any other material issue impacting on the Audit Committee or the
Asia: China cracks down on online micro-lending firms with new rules China’s financial regulators on Friday circulated new rules to local governments targeting a rampantly growing online micro-lending sector, part of a campaign to rein in its rapidly developing financial sector. A top-level multi-ministry body, tasked by the central government to bring risks in the
IronRock Insurance Company Limited (ROC) has advised that a connected party purchased 2,452 ROC shares on November 28, 2017.
