Markets rally on US-China tariff pause and deal






AFP News: Stocks rallied Monday after Chinese and US officials made "substantial progress" at trade talks in Geneva and slashed their tit-for-tat tariffs for 90 days, fueling hopes the two sides will pull back from a standoff that has rattled global markets.


Read

Markets rally after China and US slash tariffs for 90 days

Comments

Post a Comment

Popular posts from this blog

Sagicor X Fund bullish on hotel segment growth, optimistic on market recovery

Image
    Sagicor Real Estate X Fund Limited reports that in the year ended that DoubleTree Orlando’s (DTO’s) net profit was up 26 per cent on the corresponding period last year to close the period at $484.46 million. Increased guest spending resulted in an improvement of 3 per cent in Food and Beverage revenues over the same period last year. This was underpinned by an uptick in group bookings. However, for the Fund net profit attributable to stockholders of $456.70 million for the year ended December 2024, down 30 per cent, on prior year. X Fund’s Earnings per share however fell $0.09 from the comparative period to $0.20 as at December 31, 2024. Hotel revenues of $7.33 billion were marginally below the previous year by one per cent as a result of tapering growth rates in tourism compared to the prior year. In final quarter 2024 investment income was improved by its investment property earnings which came from the purchase of a block of units at The Strand in Cayman. The prop...
Read more

Suspension of Trading in Edufocal Limited’s Ordinary Shares

Image
  The Jamaica Stock Exchange (JSE) in keeping with the Junior Market Rule Appendix 2, Part 4 (2) (e) on Audited Annual Financial Statements has suspended trading in the ordinary shares of Edufocal Limited (LEARN) pending the submission of its 2024 Audited Financial Statements. The Company’s 2024 Audited Financial Statements, due on March 1, 2025, became ninety-three (93) days overdue on June 2, 2025. Gordon Swaby, CEO for Edufocal Limited reported in February 2025  that 2024 was a year of significant challenges, as the company continued to navigate a difficult operating environment characterized by declines in revenue and profitability. Listed in 2022, the company offers e-learning services. EduFocal since listing has incorporated new subsidiaries — EduFocal Africa Inc in the USA and Edufocal Nigeria Limited — and also formed a strategic partnership with Design Privacy Limited to deliver data protection e-learning content. The company in 2024 focused on restructuring...
Read more

Belnavis to lead regional banking operations for Proven, Group reveals 60-day plan to restructure wealth management arm

Image
  Proven Bank on December 30, 2024, announced via the Jamaica Stock Exchange that the Proven Group has appointed Stacy Belnavis as the new President and Chief Executive Officer (CEO). Belnavis will lead Banking operations in the Cayman Islands and Saint Lucia, driving Proven Group’s “strategic vision for growth and transformation in the Caribbean,” the group announcement stated. The group will also consolidate its wealth management activities, announcing at the same time  that, "In keeping with the Group’s strategic focus to enhance operational efficiency and drive profitability, we have taken the strategic decision to optimize our Wealth Management operations across the region. "Firstly, we intend to consolidate the wealth management business in Cayman (including financial advisory) into PROVEN Bank (Cayman) Limited, subject to regulatory approval. Additionally, we have taken the decision to exit our small financial advisory businesses in Bermuda and the British Virgin Isl...
Read more