June 01, 2020 Carreras Limited, for the year ended March 31, 2020, reported operating revenue of $14.13 billion, 9% more than the $12.91 billion booked in 2019. Revenue for the quarter increased 26% to $3.84 billion (2019: $3.04 billion). Cost of operating revenue, for the year ended March 31, 2020, increased year over year by
United States: Protests Hammer U.S. Cities Still Recovering From Lockdown “The reopening of America was always going to be fraught, with competing fears of new virus outbreaks and economic meltdown. Now cities across the nation, from New York to Chicago to Los Angeles, are reeling from unrest that could worsen both.” https://www.bloomberg.com/news/articles/2020-05-31/protests-hammer-u-s-cities-struggling-to-recover-after-lockdown?srnd=premium Europe: European Manufacturing
United States: Trump’s Next China Move Looms While Economic Risks Re-Emerge “There’s no end to the downward spiral of U.S.-China relations with the vibe between the world’s two largest economies seeming to plumb new depths with each news cycle. President Donald Trump plans to announce new policies toward Beijing within hours, saying Thursday that “we
May 28, 2020 Real gross domestic product (GDP) declined at an annual rate of 5% for the first quarter of 2020 according to the second estimate released by the Bureau of Economic Analysis (BEA). However, for the fourth quarter of 2019, real GDP had a 2.1% growth. The downward movement in real GDP for the
United States: Trump-China Feud Is Increasing Risks for Markets and Economy “It’s only a matter of time before the Trump administration hits China over a range of grievances. The question for CEOs, investors and economic policy makers is how bad things will get. U.S. lawmakers moved on two fronts Wednesday, with Secretary of State Michael
May 27, 2020 During the period January to February 2020 the Jamaica’s imports amounted US$941.1 million decreasing by 14.3% relative to US$1,098.3 million for the corresponding period in 2019 based on data released by the Statistical Institute of Jamaica (STATIN). Revenue from total exports totalled US$238.2 million for the period under review, a decline of
United States: The Fed Boldly Saves Markets. Now It’s Worrying About Main Street Business “The Federal Reserve’s next front in the battle to support the U.S. economy is to prevent millions of American small businesses from becoming the Achilles heel of the recovery.Fed Chairman Jerome Powell told the Senate Banking Committee last week that he’s
Fontana Limited (FTNA) for the nine months ended March 31, 2020, recorded a 25% increase in revenues to total $3.49 billion compared to $2.80 billion for the same period in 2019. Revenue for the third quarter went up by 33% to $1.17 billion (2019: $885.14 million). Cost of Sales for the period increased 24% to closed at $2.19 billion,
United States: The Bond Market Thinks It Knows What’s Coming Next From the Fed “The Federal Reserve has already unleashed a barrage of new policies to keep the economy out of depression. Investors reckon it’s lining up another one.The Fed’s version of the strategy known as yield-curve control is expected to involve capping yields on
May 22, 2020 Fifty states and the District of Columbia posted higher unemployment rates in April based on a report by the Bureau of Labour Statistics (BLS). All 50 states and the District had jobless rate increases from last year. Whereas, there was an increase in the national unemployment rate to 14.7%, over the month
