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27 11, 2017

Overseas Headlines – November 27, 2017

2017-11-27T13:50:35-05:00

E.U.: ECB urges Europe-wide trading platform for bad bank loans The European Central Bank called on Monday for the creation of a private sector platform to trade in soured bank debt, hoping to kickstart a dysfunctional market weighing on the bank sector. Euro zone banks are sitting on around 800 billion euros worth of non-performing

24 11, 2017

Jamaica Monthly Economic Review – October 2017

2017-11-24T14:55:15-05:00

Please click below to view Jamaica's Monthly Economic Summary - October 2017. Monthly Economic Review - October 2017 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

24 11, 2017

U.S. Monthly Economic Review – October 2017

2017-11-24T14:50:44-05:00

Please click below to view U.S. Monthly Economic Review. USA Economic Review - October 2017 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

24 11, 2017

Overseas Headlines – November 24, 2017

2017-11-24T14:29:31-05:00

Asia: Chinese bankers, property developers downbeat on 2018 credit conditions Most Chinese bankers and property developers at a recent closed-door meeting expect growth in credit to real estate firms will taper off next year, said two sources who attended the gathering, amid a government clampdown on inflated home prices. Funding channels for developers have shrunk

23 11, 2017

Gas Price Movement November 23, 2017

2017-11-23T22:15:08-05:00

  Brent Oil Brent oil prices rose by 3.19% (US$1.96), as prices declined this week. Oil traded on November 22, 2017 at a price of 63.32 (US$/ barrel) and began the year at US$56.90 per barrel. Petrojam prices 87 Octane prices declined week over week, by 1.51% (US$1.84 ). Additionally 90 Octane  declined by 1.48%

23 11, 2017

BPOW reports a 19% decline in six months net profit

2017-11-23T17:15:20-05:00

Blue Power Group Limited (BPOW) for the six months ended October 31, 2017 booked a 12% increase in revenue to total $761.19 million compared to $667.67 million for the same period in 2016. Sales from the Lumber division climbed to $544.35 million, 16% higher than $468.68 million, while sales in the Soap division increased by

23 11, 2017

BOJ reduces policy interest rate to 3.25%

2017-11-23T15:15:48-05:00

The Bank of Jamaica (BOJ) announced yesterday that the rate offered on overnight placements with the Bank will be reduced by 25 basis points to 3.25%. The Bank noted that the new rate will take effect on November 23, 2017. This reduction according to the Bank, “reflects its assessment that the inflation outlook for FY2017/18

23 11, 2017

Overseas Headlines – November 23, 2017

2017-11-23T14:08:57-05:00

E.U.: ECB split over keeping bond buys open-ended: minutes European Central Bank policymakers broadly agreed last month on extending their asset purchase scheme but a decision to keep the bond buys open-ended appeared to generate fiercer debate, minutes of the meeting released on Thursday showed. Having to reconcile rapid economic growth with anemic inflation, the

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