U.S. Rise in U.S. business spending bolsters economic outlook New orders for key U.S.-made capital goods rose slightly more than expected in July and shipments surged, pointing to an acceleration in business spending early in the third quarter. The Commerce Department’s upbeat report on Friday also suggested the economy continued to gather momentum after growth
Bank of Jamaica announces that, with effect from 25 August 2017, the rate offered on overnight placements with the Bank, the policy interest rate, will be reduced to 3.50 per cent from 3.75 per cent. The adjustment to the policy rate reflects the Bank’s assessment that inflation will be within BOJ’s inflation target of 4.0
Mayberry Investments Limited (MIL) has advised that a connected party purchased 4,000 MIL shares on August 23, 2017.
U.S.: U.S. jobless claims rise slightly as labour market tightens The number of Americans filing for unemployment benefits rose less than expected last week, suggesting a further tightening in labour market conditions. Initial claims for state unemployment benefits increased 2,000 to a seasonally adjusted 234,000 for the week ended Aug. 19, the Labour Department said
Jamaica Stock Exchange (JSE) JSE has advised that Mr. Robin Levy, Deputy General Manager of the Jamaica Stock Exchange and General Manager of the Jamaica Central Securities Depository Limited and JCSD Trustee Services Limited, has tendered his resignation effective October 31, 2017.
138 Student Living Jamaica Limited (138SL) has advised that PwC Corporate Services (Jamaica) Limited (PWC) has resigned as company secretary of 138SL effective August 31, 2017. The resignation is consequent to the Global Independence rules of PWC.
Mayberry Investments Limited (MIL) has advised that a connected party purchased a total of 168,347 MIL shares on August 22, 2017.
Barita Investments Limited (BIL) has advised that two managers sold a total of 6,173 BIL shares on August 17, 2017.
Europe: Euro-Area Factories Feed Best Growth Spell for Economy in Years Surging demand for ‘Made in the Euro Area’ goods is feeding an economy that is creating jobs and finally also seeing price growth accelerate. A Purchasing Managers’ Index for manufacturing rose to 57.4 in August from 56.6 in July, according to IHS Markit. That’s
Sagicor Group Jamaica Limited (SJ) has advised that two related parties purchased a total of 89,159 SJ shares during the period August 14 to 17, 2017.
