NCB Financial Group Limited advises of the intention of its wholly owned subsidiary, National Commercial Bank Jamaica Limited, to raise up to US$175,000,000.00 (ONE HUNDRED AND SEVENTY FIVE MILLION UNITED STATES DOLLARS) by way of the Securitization of its Diversified Payment Rights. The transaction will be rated by FITCH Ratings and placed in the International
United States: U.S. Jobless Claims Remain Elevated in Fits-and-Starts Recovery “Applications for U.S. unemployment benefits were little changed last week, contrasting with estimates for a decline and highlighting an economic recovery that’s coming in fits and starts. Initial jobless claims in regular state programs increased by 4,000 to 870,000 in the week ended Sept. 19,
September 23, 2020 For the month of August, jobless rates were lower in 41 states, higher in 2 states, and unchanged in 7 states and the District of Columbia based on a report by the Bureau of Labour Statistics (BLS). All fifty states and the District had jobless rate increases from last year. There was
United States: For Fed’s Disaster Junkie, Pandemic Was One of 99 Bad Scenarios “A red alert sounded at the Federal Reserve in mid-March when Americans began pulling out of prime money-market funds, one of the safest places to park cash. As policymakers cut interest rates to near-zero, it quickly became clear that they’d need to
September 22, 2020 The U.S.current account deficitin the second quarter of 2020, increased by $59.0 billion, or 52.9%, to $170.5 billion. This reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries. The revised first quarter deficit was $111.5 billion. According to statistics from the U.S.
United States: Fed’s Powell Says U.S. Economy Faces Long, Uncertain Recovery “Federal Reserve Chair Jerome Powell said the U.S. economy is improving but has a long way to go before fully recovering from the coronavirus pandemic. “Many economic indicators show marked improvement,” Powell said Monday in the text of testimony he’s scheduled to deliver before
September 21, 2020 In 2015, Seprod’s Chairman stated his vision for the Company which was made a reality. Richard Pandohie, CEO and Managing Director of Seprod, announced following targets made a reality by the management team: Modern manufacturing facilities Value-added acquisitions A strong distribution pillows A company that was delivering above average value for the
United States: U.S. Consumer Sentiment Climbed to a Six-Month High in September “U.S. consumer sentiment increased more than expected in early September to a six-month high as Americans grew more upbeat about the economy’s prospects. The University of Michigan’s preliminary sentiment index for September advanced to 78.9 from a final August reading of 74.1, according
September 18, 2020 The U.S Census Bureau announced that, at the end of August 2020 U.S. retail and food services increased by 0.6% to $537.5 billion from $534.6 billion recorded in July 2020, based on advanced estimates adjusted for seasonal variation and holiday and trading-day differences, but not for price changes. Notably, the estimate was also 2.6% greater
Monthly Economic Review - August 2020 Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is,
