Americans applying for jobless claims rose for the second straight week, climbing 12,000 compared to data released for the week ended July 18, 2020. Initials claims for the week ended July 25 amounted to 1,434,000, while the 4-week moving average was 1,3668,500, a growth of 6,500 from the prior week. The report hints that economic
July 30, 2020 Victoria Mutual Investments Limited (VMIL), for the six months ended June 30, 2020, reported total interest income of $461.86 million, an increase of 16% relative to the $398.40 million recorded for the corresponding period in 2019. Interest income for the quarter amounted to $219.99 million, up 11% on the $197.41 million reported
Brent Oil Brent oil prices increased by 0.65% or US$0.28, as prices rose this week relative to the prior week. Oil traded on July 30, 2020 at a price of US$43.59 per barrel relative to US$43.31 on July 23, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87 Octane prices increased
Date: July 30, 2020 QWI Investments Limited, for the nine months ended June 2020, reported losses from investment activities of $521.86 million. For the quarter, gain from investment activities of $100.44 million (2019: $120.97 million). Unrealized currency translation and dividend income closed the period under review at $8.26 million and $19.74 million, respectively. While, for
United States: U.S. Economy Shrinks at Record 32.9% Pace in Second Quarter “The U.S. economy suffered its sharpest downturn since at least the 1940s in the second quarter, highlighting how the pandemic has ravaged businesses across the country and left millions of Americans out of work. Gross domestic product shrank 9.5% in the second quarter
July 29, 2020 Jamaica Public Service Company Limited (JPS) has advised that its Board of Directors has considered and approved the declaration of dividends for: Preference Shares B, C, D and E payable on October 1, 2020 to shareholders on record at the close of business on September 15, 2020. The ex-dividend date is September
July 29, 2020 Proven Investments Limited (PROVEN) has declared a dividend of US$0.0013 per share payable on August 26, 2020 to ordinary shareholders on record as at August 19, 2020. The ex-dividend date is August 18, 2020. Ordinary shareholders who have requested payment in Jamaican Dollars will receive the equivalent of JA$0.1915 per share.
NCB Financial Group Limited (NCBFG) has advised that its Board meeting to consider and approve the release of the nine-month unaudited financial statements has been scheduled for August 4, 2020. Further to the NCBFG releases issued in April and May 2020, it is not proposed to have declaration of a dividend considered at this meeting.
July 29, 2020 monetary20200729a1 The Federal Reserve announced its decision to hold interest rates steady as economic activity, sharp declines and employment remain below their levels at the beginning of the year. Despite some uptick in recent months, the coronavirus outbreak has caused widespread human and economic hardship across the United States and around the
July 29, 2020 Lasco Distributors Limited (LASD), for the three months ended June 30, 2020, posted an 8% increase in revenue to $4.70 billion, up from $4.34 billion booked in the corresponding period in 2019. Cost of sales amounted to $3.81 billion, up 10% on the $3.47 billion reported in the prior comparable period. Consequently,
