Jamaica's Premier Financial Factsheet: To Enlighten, Enrich, and Engage.
Jamaica Gleaner: “Oh God! Oh no! OLINT!”
In the United States town of Windermere in Florida, Pastor Ainsley Blair convinced dozens of people to invest millions with the David Smith-headed Olint. In Jamaica, a similar message went out from several church pulpits as clergymen told their congregations about the “heaven on earth” that was being offered by the huge returns on investments in Olint.
Jamaica Observer: “Stocks, dollar fall after weak US jobs report”
NEW YORK (AP) — A disappointing jobs report sent investors out of stocks and the dollar Friday and into assets perceived as being safer. Foreign currencies and gold rose, as did bond prices, which sent interest rates lower. The yield on the two-year Treasury note hit a record low.
Jamaica Gleaner: “First Global Cuts Rates Too”
First Global Bank (FGB), Jamaica’s smallest domestically controlled commercial bank, has joined its larger peers in slicing lending rates. The two percentage-point cut drops the bank’s base rate to 18.75 per cent, effective September 1.
Jamaica Gleaner: “US Fiscal and Monetary Policy, Keys to Global Recovery”
Last Thursday, James Bullard, president of the Federal Reserve Bank of St Louis, came out with a view that’s gaining ground among members of the Federal Reserve Board.
Jamaica Observer: “Financial market turmoil may hurt global economic recovery – IMF”
The IMF has warned the Group of 20 countries that recent financial market turmoil may hurt the global economic recovery from recession, according to a report published Wednesday.
jamaica Gleaner: “May inflation beats BOJ outlook”
The Jamaican central bank trimmed interest rates again this week, cutting the price of its one-month certificate of deposit by half a point to 9.0 per cent on the back of better than expected inflation numbers.