Europe: Consumption, euro zone recovery lift German growth Vibrant domestic demand and strong export growth fuelled by a recovery in the euro zone will boost growth in Germany this year and next, the Ifo economic institute said on Tuesday, raising its 2017 growth forecast for Europe's largest economy. "We're experiencing a first half which is
U.S.: Tight U.S. labour market should push inflation higher: Fed's Dudley U.S. inflation is a bit low but should rise alongside wages as the labour market continues to improve, allowing the Federal Reserve to continue gradually tightening U.S. monetary policy, New York Fed President William Dudley said on Monday. "This is actually a pretty
U.S.: Drop in U.S. Housing Starts Shows Industry May Weigh on Growth Three straight months of declines in new-home construction show U.S. homebuilding may weigh on second-quarter growth, Commerce Department data showed Friday. HIGHLIGHTS FROM HOUSING STARTS (MAY) Residential starts decreased 5.5% to a 1.09m annualized rate (est. 1.22m), the weakest since September Starts in
U.S.: Slowing U.S. Consumer Inflation May Sow Fed Doubt on Prices A greater-than-expected deceleration in U.S. consumer-price inflation in May could give some pause to Federal Reserve officials as they consider further interest-rate increases, Labor Department figures showed Wednesday. HIGHLIGHTS OF CPI Consumer-price index fell 0.1% m/m (est. unchanged) following 0.2% rise in prior month
U.S.: U.S. producer prices unchanged as energy costs drop U.S. producer prices were unchanged in May as energy costs recorded their biggest decline in more than a year, suggesting inflation pressures were easing after rising at the start of the year. Signs of abating inflation came as Federal Reserve officials prepared to gather for a
Europe: UK consumer spending falls for first time in nearly 4 years British consumers cut their spending for the first time in nearly four years last month, figures from credit card firm Visa showed, as households turned more cautious even before last week's shock election result. Consumer spending in May was 0.8 percent lower
Europe: May to form fragile government after UK election debacle, uncertainty over Brexit talks British Prime Minister Theresa May will form a government supported by a small Northern Irish party after her Conservative Party lost its parliamentary majority in an election debacle days before talks on Britain's EU departure are due to begin. A stony-faced
U.S.: Jobless claims drop; labour market slack shrinking The number of Americans filing for unemployment benefits fell last week, unwinding half of the prior period's jump and suggesting the labour market was tightening despite a recent slowdown in job growth. Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 245,000 for the
Derrimon Trading Company Limited (DTL) has advised of its recent closure of a bond issue valued at J$250 million. The secured note, which was structured and brokered by Mayberry Investments Limited, was privately issued under exempt distribution guidelines. It is tenured at 24 months and offers a coupon of 10.25 per cent per annum.
Jetcon Corporation Limited (JETCON) has advised that a connected party purchased 25,000 JETCON shares on May 17, 2017.
