Euro Area Based on the first estimate from Eurostat for the euro area (EA19) exports of goods to the rest of the world in October 2017 amounted to €187.9 billion, up 8.8% versus €172.6 billion for October 2016. Imports from the rest of the world stood at €168.9 billion, an increase of 10.1% relative to
The European Central Bank kept its interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.40% respectively. The ECB also expects the rates to remain at current levels for some time past the horizon of the net asset purchases.
Federal Reserve officials followed through on an expected interest-rate increase today citing continued strengthening in the labour market and rising economic activity. “Averaging through hurricane-related fluctuations, job gains have been solid, and the unemployment rate declined further. Household spending has been expanding at a moderate rate, and growth in business fixed investment has picked up
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported, in addition over the last 12 months, the all items index rose 2.2%. The energy index climbed 3.9% and accounted for approximately three-fourths of the all items increase. The gasoline
Palace Amusement Company (1921) Limited (PAL) held their Annual General Meeting today at their head office, where they briefly discussed its financial performance for the year ended June 30, 2017. For the 2017 financial year, Palace Amusement Company (1921) Limited revenues rose 9% year over year to $990.14 million. According to Douglas Graham, Chairman of
The Producer Price Index increased 0.4% in November 2017 according to the U.S. Bureau of Labor Statistics. This follows a 0.4% upward movement in both October and September. On an unadjusted basis, the final demand index rose 3.1% for the 12 months ended in November. The final demand index in November rose due to a
Net International Reserves Jamaica’s Net International Reserves totaled US$3,116.22 million as at November 2017, reflecting an increase of US$31.24 million relative to the US$3,084.98 million reported as at the end of September 2017 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$26.33 million to total US$3,685.59 million compared to
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NCBFG today, made public its offer and take-over bid to all shareholders of Guardian Holdings Limited in Trinidad and Tobago. The offer, launched through its wholly-owned subsidiary, NCB Global Holdings Limited (‘NCB Global Holdings’) will be for the acquisition of up to 74,230,750 ordinary shares in GHL for US$2.35 per GHL share. The offer by
Scotia Group Jamaica Limited (SGJ) for the year ended October 31, 2017 booked an improvement in net interest income which totalled $26.64 billion, moving from $25.38 billion in the corresponding period in 2016, while interest expenses declined by 12% to total $4.32 billion (2016: $4.90 billion). Interest income for the period increased marginally from $30.27 billion in
