June 15, 2020 Portland JSX Limited (PJX) reported net gains on financial assets classified as at fair value through profit and loss of US$2.31 million compared to a loss of US$665,282 in 2019. PJX recorded a net gain on financial assets classified as at fair value through profit and loss for the fourth quarter of
United States: U.S. Futures Fall, Treasuries Rise on Virus Fears: Markets Wrap “U.S. equity futures tumbled and Treasuries rallied on signs that a second wave of the pandemic is emerging. S&P 500 futures sank 2%, with airline stocks leading losses in U.S. premarket trading. The dollar strengthened against most other currencies. Oil futures traded near
United States: Don’t Give Up on Bringing Manufacturing Back to the U.S. “More than three years ago, Donald Trump was elected president on a promise to bring U.S. manufacturing back from China. Even before the coronavirus pandemic hit, Trump’s economic expansion -- which became the longest on record -- didn’t even manage to restore all
June 11, 2020 Indies Pharma Jamaica Limited (INDIES), for the six months ended April 30, 2020, reported revenue of $400.96 million, 11% higher than the $361.30 million booked in 2019. For the second quarter, revenue closed at $207.24 million (2019: $193.12 million). Cost of sales, for the six months ended April 30, 2020, rose by
United States: U.S. Jobless Claims Continue Gradual Decline, Remain Elevated Applications for U.S. unemployment benefits gradually eased last week despite a stream of business reopenings, underscoring the longer-term labor-market challenges caused by the coronavirus pandemic. Initial jobless claims for regular state programs totaled 1.54 million in the week ended June 6, down from 1.9 million
June 10, 2020 The Federal Reserve reiterated its commitment to using its full range of tools to support the U.S. economy in this challenging time, thereby pursuing its maximum employment and price stability goals. The advent of coronavirus outbreak caused tremendous human and economic hardship across the United States and around the World. The outbreak has resulted
United States: Fed to Consider How Long to Stay at Zero Rates: Decision-Day Guide “Federal Reserve policy makers will consider penciling in interest rates near zero for this year and next to help the U.S. economy recover from its coronavirus-induced recession. The Federal Open Market Committee is all but certain to keep its benchmark overnight
June 09, 2020 During the first quarter of 2020, GDP, seasonally adjusted, declined by 3.6% in the euro area and by 3.2% in the EU, according to the statistical office of the European Union (Eurostat). Notably, In March 2020, COVID-19 containment measures began to be widely introduced by Member States. In addition, in the fourth quarter of 2019,
United States: Stock Rally Slams to a Halt While Treasuries Jump: Markets Wrap “U.S. stock futures and European equities slid on concern that the blistering rally in risk assets has overshot the economic recovery. Treasuries advanced with gold and the yen. Declines in the U.S. premarket ran from oil drillers to cruise lines. The dollar
In April 2020, the COVID-19 containment measures widely introduced by Member States had a significant impact on retail trade, as the seasonally adjusted volume of retail trade declined by 11.7% in the euro area and by 11.1% in the EU, compared with March 2020, according to Eurostat, the statistical office of the European Union. However,
