News Archive

Sep.04.2008
US Second Quarter Economic Growth Stronger than Estimated
The US Commerce Department has said that the US economy grew at a revised 3.3% annually in the second quarter of 2008. This is much higher than its first estimate of 1.9%. The rebound was the result of strong US exports, assisted by the weak ... more

Sep.04.2008
US Service Sector Shows Strength in August
Service sector figures have indicated that the US economy has been faring better than thought. According to the Institute for Supply Management (ISM), the US service sector grew in August, beating expectations. The ISM's non-manufacturing index ... more

Sep.04.2008
US Productivity Improves in Second Quarter
Official data from the US Commerce Department has shown that productivity in the second quarter was better than forecast. It also revealed that labour costs had declined. The Commerce Department said productivity - the amount of output for every ... more

Sep.04.2008
Jamaican Parliament Approves Resolution to Sign EPA
  The House of Representatives on Tuesday, approved a resolution endorsing the decision of the Government, to affix its signature to the Economic Partnership Agreement (EPA), which was negotiated between CARIFORUM states and the European ... more

Sep.04.2008
GOJ Fixed Rate 17.65% Registered Bond Rakes In $3.8 Billion
The Ministry of Finance has advised that its GOJ Fixed Rate 17.65% Registered Bond 2028 Series W unlimited offer has raked in a total of $3.8 billion. The offer, which was scheduled to be closed on August 29, 2008, was extended to ... more

Sep.04.2008
Commonwealth Ministers to Meet in October
The annual meeting of Commonwealth finance ministers is expected to take place in Castries, St. Lucia between October 6-8. The ministers will discuss the implications of rising food and fuel prices on their economies. Ministers, senior finance ... more

Sep.04.2008
Crop Losses From Gustav Approaches J$1 Billion
Following the passage of Tropical Storm Gustav, total crop losses across the agricultural sector have been said to be approaching one billion dollars. This is according to early estimates, which have shown that traditional crop losses alone have ... more

Sep.04.2008
Jamaican Daily Market Summary
The Jamaican dollar lost three (3) cents today. The dollar closed trading at an average of $72.13 Jamaican for each US dollar in the cambio market.   ********************************************   THE MAIN JSE INDEX GAINED 191.41 ... more

Sep.04.2008
Oil Settles Below US$108 a Barrel
Oil prices fell today as investors weighed signs of weakening demand against a US government report showing a surprise drop in the nation's crude supplies. US Light, sweet crude for October delivery fell $1.46 to settle at $107.89 on the New ... more

Sep.04.2008
US Crude Inventory Declines/Demand Falls
According to the Energy Information Administration, in its weekly inventory report, the US's crude stock piles shrank by 1.9 million barrels last week. Most analysts had expected stocks to grow by approximately 500,000. The report also ... more