United States: Trump Pledges Tax Credits, Tariffs to Redirect Jobs from China “President Donald Trump said he’ll punish American companies that move jobs abroad and reward firms with tax breaks for shifting work from China to the U.S., proposals aimed at hastening the decoupling of the world’s largest economies. “We will create tax credits for
August 17, 2020 ISP Finance Services Limited’s (ISP), Results for the six months ended June 30, 2020, Total Interest Income amounted to $177.78 million compared to $182.02 million in 2019, a decrease of 2%. For the quarter, Total Interest income amounted to $92.13 million (2019: $95.80 million). Total Interest Income for the six months ended June
August 17, 2020 JMMB Group Limited – (JMMBGL) for the three months ended June 30, 2020 booked Net interest income of $2.42 billion compared to $2.20 billion booked June 2019, an increase of 10%. Of this, Interest income grew by 19% to close at $5.46 billion, from the $4.60 billion booked in 2019, while interest
August 17, 2020 Eppley Limited (EPLY), for the six months ended June 30, 2020 reported Interest Income for the period at $168.98 million from $179.67 million the previous year, a 6% decrease. While for the second quarter interest income amounted to $77.69 million relative to $87.84 million in 2019. Interest Expenses amounted to $101.43 million,
August 17, 2020 Reported in US$ (except where it is indicated otherwise) Proven Investments Limited (PROVEN) for quarter ended June 30, 2020, reported interest income of $3.09 million, a 55% decrease when compared with the $6.88 million reported for the same period in 2019. Interest expense for the three months amounted to $2.21 million, 16% lower when
August 17, 2020 Lasco Financial Services (LASF), recorded for the three months ended June 30, 2020, a total of $533.01 million in Trading Income; this represents a decline of 9% relative to the $585.80 million recorded in the comparable quarter in 2019. Other Income for the quarter amounted to $5.95 million, a decrease of 91%
United States: New York Manufacturing Expands Less Than Forecast as Orders Drop “Manufacturing in New York State expanded in August at a slower pace than projected as more factories reported declining orders, indicating the coronavirus continues to limit momentum in the recovery. The Federal Reserve Bank of New York’s general business conditions index dropped to
August 14, 2020 Medical Disposables & Supplies Limited (MDS) for the three months ended June 30, 2020, reported revenue of $510.08 million, a decrease of 8% compared to the $557.23 million booked in 2019. According to Management, “this decline in sales is a direct result of the economic downturn brought about by the COVID-19 pandemic and
August 14, 2020 Stanley Motta Limited (SML), for the six months ended June 30, 2020 booked a 9% increase in revenue to total $224.87 million compared to $206.20 million for the same period in 2019. Revenue for the quarter amounted to $112.85 million compared to $103.57 million booked in 2019. SML noted, “These increases
United States: Rebound in U.S. Retail Sales Slowed in July Amid Virus’s Surge “The rebound in U.S. retail sales slowed in July by more than expected, indicating a surge in coronavirus cases and still-high unemployment cooled the economic recovery. The value of retail purchases increased 1.2% from the prior month after an upwardly revised 8.4%
