United States: U.S. Jobless-Claims Data Become Trickier as Economic Gauge “For decades, the U.S. jobless-claims report has provided a straightforward, routine read on the labor market every Thursday. Now it carries a variety of asterisks. Two sizable reporting errors in as many weeks have inflated the U.S. Labor Department’s nationwide jobless-claims count and the number
FosRich Company Limited (FOSRICH) for the three months ended March 31, 2020 booked a 19% increase in revenue to total $448.82 million compared to $378.58 million for the same quarter in 2019. The Company noted, “These increases were attributed primarily to increased sales in the Industrial, Control Devices, Panels and PVC categories.” Cost of sales
United States: U.S. Futures Advance While Europe Stocks Fluctuate: Markets Wrap “U.S. equity futures pushed higher on Wednesday and European stocks swung between losses and gains as investors weighed positive signals on the outlook for reopening against fresh outbreaks of the coronavirus. Treasuries and the dollar dropped. Contracts on three main America equity gauges accelerated
May 19, 2020 ISP Finance Services Limited’s (ISP) total interest income amounted to $367.20 million compared to $306.57 million in 2018, an increase of 20%. For the quarter, total interest income amounted to $91.35 million (2018: $92.81 million). Total income is broken down as follows: Interest income from loans grew 20% to total $367.07 million
May 19, 2020 Sagicor Select Funds Limited (SELECTF), for the Three months ended March 31, 2020 reported net investment loss of $1.46 billion relative to an income of $18.23 million booked March 31, 2019. Management noted, “Total Income of negative $1,459 million was largely attributable to the unrealized loss in the value of the investments.
May 19, 2020 Stanley Motta Limited (SML), for the three months ended March 31, 2020 booked a 10% increase in revenue to total $112.02 million compared to $101.61 million for the same period in 2019. The Company mentioned that, “due to an increase in rental space and the devaluation of Jamaican dollar to the US
United States: U.S. Housing Starts Slumped by Most on Record in April “U.S. home construction starts plunged in April by the most in records back to 1959, as the nationwide lockdown to control the spread of the coronavirus hammered the housing market and broader economy. Residential starts plummeted 30.2% to an 891,000 from a month
May 18, 2020 Victoria Mutual Investments (VMIL) for the three months ended March 31, 2020 reported total interest income of $241.75 million, an increase of 20% relative to the $201 million recorded for the corresponding period in 2019. Interest expense for the period amounted to $161.90 million, a 29% increase relative to the $125.82 million
May 18, 2020 Derrimon Trading Limited (DTL), for the three months ended March 31, 2020, reported trading income of $3.32 billion compared to the $3.15 billion booked for the prior year’s comparable period, a 5% increase. DTL indicated, “The distribution and retail arms of the business for the three (3) months recorded revenue of $3.01 billion
May 18, 2020 Eppley Caribbean Property Fund Limited (CPFV) For the six months ended March 31, 2020: - Reported in Barbados Dollars unless otherwise indicated: Eppley Caribbean Property Fund Limited (CPFV), for the six months ended March 31, 2020 reported net rental income of $1.69 million (2019: $730,771), a 132% increase. In addition, share
