U.S.:Almost a Decade Later, U.S. Money Markets Are Yet to RecoverRegulators’ effort to stamp out risk in the $2.6 trillion U.S. money-fund industry is creating unintended ripple effects across financial markets, with far-reaching consequences for companies and investors. Far less cash than anticipated has returned to the higher-yielding slice of the money-fund world, after the
Honey Bun (1982) Limited (HONBUN) has advised that a Director sold 3,952 HONBUN shares on March 30, 2017.
U.S.:Consumer spending slows; inflation pushing higherU.S. consumer spending barely rose in February amid delays in the payment of income tax refunds, but the biggest annual increase in inflation in nearly five years supported expectations of further interest rate hikes this year. The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds
Jamaica Stock Exchange (JSE) has advised that at a Board of Directors’ meeting held on Wednesday, March 29, 2017 a resolution was passed appointing Mrs. Marlene Street Forrest, the current General Manager and Company Secretary, as Managing Director and a Member of the Board of Directors effective April 3, 2017.
Jamaica Stock Exchange (JSE) has advised that Miss Roxanne Hutchinson, Senior Legal Officer will be appointed the new Company Secretary.
Caribbean Producers Jamaica Limited (CPJ) has advised that a connected party sold a total of 10,000 CPJ shares on March 28, 2017.
ISP Finance Services Limited (ISP) has advised that a connected party sold a total of 500,000 ISP shares on February 24, 2017.
Sagicor Group Jamaica Limited (SJ) has advised that at a Board of Directors’ meeting scheduled for April 5, 2017 an interim dividend payment will be considered.
Sagicor Group Jamaica Limited (SJ) has advised that two Senior Officers and a related party purchased a total of 85,556 SJ shares during the period March 24 to 28, 2017.
U.S.:U.S. Fourth-Quarter Growth Revised Upward to 2.1% on ConsumptionThe U.S. economy grew in the fourth quarter at a faster pace than previously reported on higher consumer spending, Commerce Department data showed Thursday in Washington.Key Points· Gross domestic product rose at a 2.1 annualized pace (forecast was for 2 percent), revised from 1.9 percent· Consumer spending,