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11 09, 2017

Net International Reserves – August 2017

2017-09-11T16:00:42-05:00

Jamaica’s Net International Reserves totaled US$3,671.68 million as at August 2017, reflecting an increase of US$935.33 million relative to the US$2,736.35 million reported as at the end of July 2017 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$935.33 million to total US$4,247.21 million compared to the US$3,311.88 million

11 09, 2017

Overseas Headlines – September 11, 2017

2017-09-11T14:24:41-05:00

Asia: China's Factory Prices Give Global Inflation Unexpected Lift Inflationary pressure emanating from the factory to the world is proving more resilient than economists have anticipated.  China’s producer-price inflation accelerated to 6.3 percent in August from a year earlier, exceeding all but one of 38 estimates in Bloomberg’s survey of economists. That data released Saturday

11 09, 2017

Featured Stock: JAMT

2017-09-11T13:51:52-05:00

Please click below to view today’s Featured Stock. Weekly Picks 11.09.17 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

8 09, 2017

Special Advisory: BRG

2017-09-11T19:50:34-05:00

Berger Paints Jamaica Limited (BRG) has advised that a take-over bid circular was received from Ansa McAL Limited on August 31, 2017. As per the circular, an offer was made for all the shares of the minority shareholders of BRG at a cash price of J$10.88 or USD$0.08485 per ordinary share. The offer opened on

8 09, 2017

ECB leaves key rates unchanged

2017-09-11T13:07:54-05:00

The European Central Bank’s (ECB) Governing Council met yesterday and decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and 0.40% respectively. According to Mario Draghi, President of the ECB, he stated, “Based on our

8 09, 2017

JBG records a 47% decline in first quarter net profit

2017-09-11T13:08:07-05:00

Jamaica Broilers Group (JBG) for the three months ended July 31, 2017, Revenues totalled $11.49 billion, a 15% increase on the $10.02 billion reported in 2016. Total revenue was broken down as follows; The Jamaica Operations contributed $7.87 billion, a 9% increase compared to $7.23 billion for the same period of 2016. JBG noted, “Jamaica

8 09, 2017

Overseas Headlines – September 08, 2017

2017-09-08T13:50:34-05:00

U.S.:  Trump’s Surprise Deal With Democrats Sets Up Christmas Showdown President Donald Trump’s unexpected decision to spurn his Republican allies in Congress by striking a short-term debt-limit deal with Democrats leaves the GOP reeling and lawmakers bracing for a bruising battle in December. Trump’s move undercut GOP leaders in the House and Senate, as well

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