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
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
