February 11, 2022 Tropical Battery Company Limited (TROPICAL) for the year ended December 31, 2021 recorded revenue in the amount of $661.94 million (2020: $450.99 million), 47% increase when compared to 2020. TROPICAL noted, “This increase of $211 million was achieved through an increase in balanced inventory arrivals, and a tremendous effort on the part
United States: Fed Doesn’t Yet Favor a Half-Point Hike or an Emergency Move “Federal Reserve officials are in no rush to raise interest rates prior to their scheduled policy meeting next month, nor is a half percentage-point move in March yet likely, despite a bigger-than-expected jump in consumer prices that stoked speculation about such options.”
February 10, 2022 Jamaican Teas Limited (JAMT) reported a 2% decline in revenues to total $596.10 million (2020: $610.56 million). JAMT stated, “Our first quarter results were modestly down from the prior year. Sales improved in all the divisions except the Real Estate division. Sales in the local manufacturing division rose 19.5 percent but export
February 9, 2022 Figures are quoted in United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ) for the six months ended December 31, 2021, revenues rose 138% from $24.39 million in 2020 to close the period under review at $58.08 million. For the second quarter, the company also posted a 120% increase in
February 9, 2022 Sales After adjusting for seasonal variations and trading day variances but not for pricing adjustments, December 2021 merchant wholesaler sales were $634.6 billion, up 0.2% (±0.4%)* from the revised November level and up 21.8% (±1.9%) from the revised December 2020 level. The percent change from October 2021 to November 2021 was updated
February 09, 2022 The Goods and Services Deficit Increased $182.4 billion Year to Year. The United States Census Bureau and the United States Bureau of Economic Analysis stated that the December goods and services deficit was $80.7 billion, up $1.4 billion from the revised $79.3 billion in November. December exports totaled $228.1 billion, an increase
United States: Hot Inflation Data Risk Pushing Fed Closer to a Super-Sized Hike “A hotter-than-expected U.S. inflation print would push the Federal Reserve closer to considering its single-largest rate hike in more than two decades. The January consumer price index, due Thursday, is one of the most important data releases before the central bank’s March
United States: U.S. Patience With China Wears Thin as Trade-Deal Pledges Unmet “The U.S. is losing patience with China after the nation failed to meet its purchase commitments under their trade agreement reached during the Trump administration, according to American officials. The U.S. has engaged with China’s government on the shortfalls, but hasn’t seen any
February 7, 2022 Salada Foods Jamaica Limited (SALF), for the quarter ended December 31, 2021, recorded a 28% increase in turnover to $289.35 million (2020: $226.36 million). SALF noted, “The company maintained strong domestic and export sales across its diverse range of products resulting in increases of 46% and 8% respectively over the prior year. Revenue
February 7, 2022 According to the International Labour Organization’s Regional Labour Overview report, the economic growth recorded in 2021 was insufficient to recover labour markets in Latin America and the Caribbean. The Labour Overview of Latin America and the Caribbean notes that after two years of the crisis, the region faces high unemployment and the
