United States: U.S. Futures Signal Equity Plunge; Dollar Jumps: Markets Wrap “Investors rushed to the safety of the U.S. dollar, while global stocks slid ever closer to a bear market, as the Federal Reserve’s aggressive tightening path and China’s Covid lockdowns worsened the outlook for economic growth. The greenback extended a two-year high, rising on
May 6, 2022 Guardian Holding Limited (GHL), for the three months ended March 31, 2022 reported gross premium written of TT$2.14 billion, 5% higher than TT$2.04 billion reported for 2021. As a result, net written premium increased by 7% from TT$1.25 billion last year to TT$1.33 billion for the three months ended March 31, 2022.
May 6, 2022 In T&T dollars (except where it is indicated otherwise): Massy Holdings Limited (MASSY), for the six months ended March 31, 2022 posted revenue of $6.15 billion, a 10% increase when compared to $5.61 billion reported for the comparable period in 2021. For the quarter revenue amounted to $2.92 billion (2021: $2.63 billion).
United States: U.S. Posts Robust Job Gains While Wage Growth Shows Moderation “U.S. employers hired at a robust pace in March, yet cooling wage gains and a jump in workers leaving the labor force offered mixed signs for a Federal Reserve that’s aggressively raising interest rates to curb hot inflation. The 428,000 gain in nonfarm
May 4, 2022 The Federal Reserve raised interest rates by a half-percentage point to get a handle on the worst inflation America has seen in 40 years. The target range for the federal funds rate is now 3/4 to 1 percent. The Federal Reserve highlighted that household spending and business fixed investment remained strong, though overall economic
May 4, 2022 iCreate Limited (iCreate) the three months ended March 31, 2022 reported revenues of $46.39 million, 451% up from the $8.42 million reported a year prior. Total direct cost for three months amounted to $21.11 million, 1221% more than 2021’s three months direct cost of $1.60 million. Other income for the quarter amounted
May 4, 2022 iCreate Limited (ICREATE) for the year ended December 31, 2021 reported revenues of $32.83 million, 44% down from the $58.38 million reported a year ago. For the fourth quarter, ICREATE posted $1 million in revenue (2020: $11.25 million). Management noted, “During the year, the Company received capital injection of $50.5 million and
May 3, 2022 Jamaica’s ‘Public bodies’ capital expenditure for fiscal year 2022/23 is projected to be $69.57 billion. The $37.58 billion National Housing Trust (NHT) budget and the $8.85 billion for National Water Commission (NWC) are expected to account for the bulk – $46.43 billion or 67 percent of the planned expenditure. NHT is expected
April 6, 2022 Government Operations Results for March 2022 For the period of April 2021 to March 2022, the GOJ reported Total Revenues & Grants of $716.90 billion, $523.20 million less than the Government’s projection. This represented an increase of approximately 25% relative to the $575.40 billion recorded for the corresponding period in 2021. ‘Non-Tax
