September 25, 2020 The UK government has constructed its Winter Economy Plan to support workers and businesses affected by the COVID-19 crisis. The Winter Economy Plan outlines the measures to support citizens and businesses as the country recovers from the economic aftermath of the pandemic and drive growth across the UK. Further support for employment
United States: Stock Futures Mixed Amid Cloudy Stimulus Outlook: Markets Wrap “Stock futures were mixed amid an uncertain outlook for a new stimulus package. The dollar rose. S&P 500 contracts fell, with the benchmark gauge on track for its fourth straight weekly decline -- the longest losing streak since August 2019. Big technology companies pushed
September 24, 2020 Retail sales volumes increased by 0.8% in August 2020, when compared with July. This was the fourth consecutive month of growth, resulting in an increase of 4.0% when compared with February’s pre-pandemic level. Retail sales values also increased 0.7% when compared with July and 2.5% when compared with February. Despite total
September 24, 2020 The seasonally adjusted initial claims, advance estimate, increased by 4,000 to 870,000 for the week ending September 19 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised from 860,000 to 866,000 up by 6,000. In comparison to the previous week’s average, the 4-week moving average
September 22, 2020 Jamaica Producers Group Limited (‘JP’) announces that it has entered into an agreement to sell its 22.1 percent interest in SAJE Logistics Infrastructure Limited (‘SAJE’). SAJE is engaged in property ownership and property management and the holding of investments, and prior to the sale was accounted for as an associated company of
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.
