U.S.: Trump’s Short List for Fed Chair Features These Hawks and Doves Here’s a look at the candidates President Donald Trump is considering over the next few weeks to nominate as chairman of the Federal Reserve and where they stand on monetary policy. Trump has met with Fed Chair Janet Yellen, National Economic Council Director
NCB Financial Group Limited (NCBFG) has advised that Mr. Warrick Ward , Chief Executive Officer and Director of NCB Capital Markets (Barbados) Limited, demitted office on September 29, 2017.
Sagicor Group Jamaica Limited (SJ) has advised that two Directors and a related party purchased a total of 6,280,059 SJ shares. SJ further advised that a related party and a Senior Manager sold a total of 5,265,387 SJ shares. These transactions were conducted on October 2, 2017.
Scotia Investment Jamaica Limited announced on Tuesday, October 2, 2017 that the Supreme Court has approved and sanctioned the scheme of arrangement pursuant to the stock units of the company. The Scheme will see shares held by the minority shareholders being cancelled, and in consideration of which, shareholders shall receive J$38.00 per share or the
U.S.: Companies Add Fewest U.S. Workers in Nearly a Year, ADP Says Companies last month added the fewest number of workers in nearly a year, reflecting a hit to the U.S. job market from hurricanes Harvey and Irma, according to data released Wednesday from the ADP Research Institute in Roseland, New Jersey. HIGHLIGHTS OF ADP
Supreme Ventures Limited (SVL) has advised that Mr. James Morrison, Interim President & CEO has resigned effective September 30, 2017. Mr. Morrison will however continue to serve the Group in a Consultative capacity for an interim period. SVL further advised that Mr. Lancelot Thomas will continue to serve in the capacity of Acting CFO.
Jamaica Stock Exchange (JSE) The JSE has advised that a connected party sold 87,000 JSE shares on October 2, 2017.
Jamaican Teas Limited (JAMT) has advised that a Director sold 25,000 JAMT shares on September 27, 2017.
Europe: EU to reform sales tax, end appeal of low-rate states in blow to Amazon The European Commission will propose on Wednesday changes to the way sales taxes are levied in the European Union with the aim of tackling fraud and curbing firms’ excessive tax-planning, a move that could hit U.S. online retailer Amazon (AMZN.O).
Scotia Investments Jamaica Limited (SIJL) has advised that the Supreme Court of Jamaica has approved and sanctioned the Scheme of Arrangement pursuant to which stock units in the Company (other than those held by Scotia Group Jamaica Limited) will be cancelled in consideration for cash payments J$38.00 per stock unit (payable to stockholders in Jamaica
