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23 08, 2017

Overseas Headlines – August 23, 2017

2017-08-23T14:17:42-05:00

Europe: Euro-Area Factories Feed Best Growth Spell for Economy in Years Surging demand for ‘Made in the Euro Area’ goods is feeding an economy that is creating jobs and finally also seeing price growth accelerate. A Purchasing Managers’ Index for manufacturing rose to 57.4 in August from 56.6 in July, according to IHS Markit. That’s

22 08, 2017

Overseas Headlines – August 22, 2017

2017-08-22T14:48:51-05:00

Europe: U.K. Sees First July Budget Surplus Since 2002 on Tax Boost Britain posted its first July budget surplus in 15 years last month as payments of self-assessed income tax poured in. Revenue exceeded spending by 184 million pounds ($240 million) compared with a deficit of 308 million pounds a year earlier, the Office for

21 08, 2017

Overseas Headlines – August 21, 2017

2017-08-21T13:44:29-05:00

Europe: Euro Pressured as Volatility Rises on Jackson Hole, FOMC Meeting The euro started the week on a defensive footing amid thin flows as the market’s focus remained fixed on the central bankers’ summit at Jackson Hole, Wyoming later this week, which has kept intact demand for long-volatility trades. Even as odds have diminished that

18 08, 2017

JAMT reports 66% increase in nine months net profit

2017-08-18T20:03:40-05:00

Jamaica Teas Limited (JAMT) for the 9 months ended June 2017 reported a 26% increase in Revenue to total $1.18 billion (2016: $938.63 million). Revenue for the quarter saw a 35% increase to total 421.01 million relative to 312.72 million 2016. According to the company, “Revenues at our supermarket division amounted to $106 million for the

18 08, 2017

CAB: Special Advisory

2017-08-18T15:03:18-05:00

Cable Bahamas Limited (CAB) has advised of a delay in the submission of its fourth quarter unaudited financial statements. This delay is due to the recent change in the Company’s financial year and the estimated audit completion date. CAB has further advised that it intends to submit the financial statements no later than September 15,

18 08, 2017

Overseas Headlines – August 18, 2017

2017-08-18T13:55:34-05:00

Getting to the core of global inflation Stock markets have spent the year rising on bets of a resurgence in inflation, while central bankers trying to manage the global economy have spent the same time repeatedly reassuring everyone it's just around the corner. Policymakers gathering at an annual monetary retreat in Jackson Hole, Wyoming in

17 08, 2017

Overseas Headlines – August 17, 2017

2017-08-17T14:18:19-05:00

U.S.:  U.S. jobless claims drop to near six-month low The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labour market that could encourage the Federal Reserve to lay out a plan to start unwinding its massive bond portfolio. Labour market strength

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