July 3, 2020 ISP Finance Services Limited (ISP) for the three months ended March 31, 2020, reported total interest income of $85.65 million compared to $86.23 million booked in 2019, a decrease of 1%. Interest expense which totalled $6.91 million relative to $7.59 million in 2019; this represents a 9% decline. As a result, net
United States: Fed Mulls Explicit Forward Guidance, Stays Wary of Yield Targets “Federal Reserve officials showed no readiness at their June meeting to commit to yield-curve control, but did reveal an eagerness to provide more guidance in coming months on the future path of interest rates and asset purchases. “Many participants remarked that, as long
June 2, 2020 Total nonfarm payroll employment climbed 4.8 million in June, as the unemployment rate fell to 11.1%, according to a report by the U.S. Bureau of Labour Statistics (BLS). The performance was due to the continued resumption of economic activity that had been curtailed in March and April, stemming from the coronavirus (COVID-19)
July 02, 2020 Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with Bank of Jamaica) unchanged at 0.50 percent per annum. The decision to hold the policy rate unchanged is based on the Bank’s continued view that monetary conditions are generally
July 02, 2020 For the week ended June 27, seasonally adjusted initial claims declined by 55,000 to 1,427,000 from the previous week’s revised level. Claims for the prior week was 1,482,000 following an upward revision of 2,000 from 1,480,000. According to the U.S. Department of Labour (DOL), “The 4-week moving average was 1,503,750, a decrease of
United States: U.S. Adds 4.8 Million Jobs, Exceeding Forecast; Claims Elevated “The rebound in the U.S. labor market accelerated in June as the economy reopened more broadly, though filings for unemployment benefits remained elevated last week as coronavirus cases picked up. Payrolls rose by 4.8 million in June after an upwardly revised 2.7 million gain
July 01, 2020 In the first quarter of 2020, the Jamaican economy decreased by 2.3% when compared to the similar quarter of 2019, according to Statistical Institute of Jamaica (STATIN). This was attributable to declines in both the Services and Goods Producing industries of 2.5% and 1.9%, respectively. Notably, the economy's output was adversely affected
United States: U.S. Stock Futures Fluctuate as New Quarter Starts: Markets Wrap “U.S. equity futures fluctuated as investors mulled downbeat economic data and simmering tensions over China’s sweeping new security law in Hong Kong. Contracts on the three main American equity gauges were little changed after figures showed U.S. companies added fewer jobs than expected
June 30, 2020 Access Financial Services Limited (AFS) for the year ended March 31, 2020 reported $1.70 billion in total interest income, a 21% increase relative to the $1.41 billion recorded in 2019. Of this, Interest Income from Loans amounted to $1.70 billion (2019: $1.40 billion) while Interest Income from Securities totalled $1.37 million (2019:
June 30, 2020 In June 2020, a month marked by the gradual lifting of COVID-19 containment measures, the euro area annual inflation rate is expected to be 0.3%, an increase from 0.1% in May, according to a flash estimate from the statistical office of the European Union (Eurostat). The highest contribution to the euro area
