Brent Oil Brent oil prices increased by 5.18% or US$2.12, as prices rose this week relative to the prior week. Oil traded on October 8, 2020 at a price of US$43.05 per barrel relative to US$40.93 on October 1, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87 Octane prices decreased
October 8, 2020 Ciboney Group Limited (CBNY) for the year ended May 31, 2020 reported total revenue of $18,435 relative to $54,435 reported for the prior financial year. Revenue for the last quarter reported an 82% decline to $2,000 compared to $11,000 recorded for the fourth quarter of 2019. Administrative and general expenses closed the
October 8, 2020 Jamaica’s Net International Reserves (NIR) totalled US$2,747.49 million as at September 2020, reflecting a decrease of US$11.90 million relative to the US$2,759.39 million reported at the end of August 2020 (see figure 1). This significant change in the NIR resulted from a US$31.81 million decrease in Foreign Assets which total US$3,713.37 million
October 8, 2020 The seasonally adjusted initial claims, advance estimate, decreased by 9,000 to 840,000 for the week ending October 3 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised from 837,000 to 849,000 up by 12,000. In comparison to the previous week’s average, the 4-week moving average
October 8, 2020 Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says preliminary numbers for the six-month period ending September 30 show that overall revenues were $8 billion or 3% higher than budgeted in the First Supplementary Estimates. The figures, however, were 18.8% lower than for the corresponding six months of
United States: U.S. Jobless Claims Declined Last Week While Remaining Elevated “The number of Americans seeking unemployment benefits fell for a second week while remaining elevated, as the labor market makes scant progress amid risks of further weakness without additional federal stimulus. Initial jobless claims in regular state programs decreased by 9,000 to 840,000 in
United States: U.S. Economy Risks ‘Tragic Scenario’ on Trump’s Stimulus Pullout “The collapse of pre-election U.S. stimulus talks threatens to inflict another wave of economic pain on Americans and curtail a recovery that’s already slowed. President Donald Trump’s decision Tuesday to walk away from talks with Democrats amid differences over the size of stimulus -- even though
October 06, 2020 The U.S. Bureau of Economic Analysis indicated that, “the goods and services deficit was $67.1 billion in August, up $3.7 billion from $63.4 billion in July, revised.” August exports was $171.9 billion, which was more than July exports by $3.6 billion, whereas, August imports amounted to $239.0 billion which was $7.4 billion more than July imports.
October 6, 2020 According to new central bank data unserviced bank and mortgage loans, also called non-performing loans (NPLs), grew by one-third to $27.9 billion over the span of a year ending June. It’s the highest percentage rise in eight years and, as a dollar value, grew by $7.5 billion from $20.4 billion a year
United States: U.S. Trade Deficit Widened in August to Largest Since 2006 “The U.S. trade deficit widened in August to the largest since 2006 on a further increase in imports as companies responded to stronger domestic demand amid lean inventories. The nation’s surplus in services shrank to the lowest since 2012. The overall gap in
