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9 11, 2018

Special Advisory: Carreras Limited (CAR)

2018-11-09T19:25:39-05:00

November 9, 2018 Carreras Limited (CAR) has advised of the following changes which took effect on November 7, 2018: The resignation of Mrs. Brenda Wilbert and Mrs. Maria Gabriela Rincon as Directors to assume new roles within British American Tobacco Group of Companies. CAR further advised that Mrs. Rincon has also resigned from the Audit

9 11, 2018

GK reports 1% decline in nine months net profit

2018-11-09T15:53:27-05:00

November 9, 2018   For the Nine Months ended September 30, 2018, Grace Kennedy Limited (GK) recorded revenue of $73.83 billion for period (2017: $69.30 billion), a year over year increase of 7%. Revenue for the third quarter of 2018 improved11% to $25.46 billion (2017: $22.93 million). The biggest contributor to the group’s overall revenue for

9 11, 2018

Overseas Headlines- November 9, 2018

2018-11-09T13:40:27-05:00

November 9, 2018 United States:  Stocks Fall on Oil, China Concerns; Dollar Gains: Markets Wrap U.S. equity-index futures fell for a second day as crude oil’s slide into a bear market and concerns over the health of China’s economy weighed on global stocks. The dollar continued its advance after the Federal Reserve stayed on track

8 11, 2018

NCBFG reports 50% increase in year end net profit

2018-11-08T23:22:40-05:00

November 8, 2018 For the year ended September 30, 2018, NCB Financial Group's (NCBFG) net interest income increased by 18%, relative to 2017, to total $35.14 billion (2017: $29.76 billion),  resulting from, “the consolidation of Clarien’s results and growth in the Jamaican loan portfolio”, Management noted. For the quarter, net interest income improved 29% to close

8 11, 2018

FOMC votes to maintain target range

2018-11-08T21:31:30-05:00

November 08, 2018   Based on the latest information received by the Federal Open Market Committee (FOMC) since September, the FOMC has noticed strengthening in the labour market coinciding with rising economic activity. Based on the FOMC, Job gains have been strong, on average, in recent months, and the unemployment rate have declined. Household spending

8 11, 2018

Daily Market Summary November 08, 2018

2018-11-08T20:43:43-05:00

Daily Market Summary 08.11.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may

8 11, 2018

Net International Reserves- October 2018

2018-11-08T16:04:32-05:00

November 08, 2018   Jamaica’s Net International Reserves (NIR) totaled US$2,925.33 million as at October 2018, reflecting a decrease of US$101.39 million relative to the US$3,026.72 million reported as at the end of September 2018 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$108.79 million to total US$3,460.06 million

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