Investment in the Caribbean and Latin America on the decline
LOW levels of current investment by the private and public sectors across Latin America and the Caribbean will prohibit growth when the recession ends.
Category: Top stories: Global
World Bank exec says remittances rising
Jamaica Observer: “World Bank exec says remittances rising”
KINGSTON — World Bank executive director for Canada, Ireland and the Caribbean, Marie Lucie-Morin, says remittance flows to developing countries are likely to increase to US$374 billion by 2012.
Downgrading the rating agencies
Jamaica Observer: “Downgrading the rating agencies”
THE pronouncements of rating agencies continue to wield tremendous power over the ability of governments and companies to access international capital markets and the terms on which they secure financing.
Jamaica Observer: “Making the case for economic stimulus”
When we are faced with a slowdown in earnings, it is always natural to seek to reduce spending and hunker down for more difficult times. This reaction is logical when we are faced with uncertainty and is the principle behind business and consumer confidence measures.
Jamaica Observer: “S&P lowers Barbados to brink of junk”
Standard & Poor’s Ratings Services lowered its rating on Barbados to the brink of junk territory, saying the island nation’s debt burden will increase at least in the next two years.
Jamaica Observer: “Only slight US economic gains expected in 2011”
THE new US Congress that begins in January will confront an American economy and a job market that will improve only slightly next year, according to an Associated Press survey of leading economists that found them gloomier than they were three months ago.
IMF chief: world recovery sluggish
Jamaica Observer: “IMF chief: world recovery sluggish”
WASHINGTON DC, USA — THE head of the International Monetary Fund (IMF) says that while the global economy is recovering at a sluggish pace, the recovery remains uncertain because of the risk that not enough jobs will be created to make the rebound secure.
Jamaica Observer: “Corporate bonds: an opportunity for firms and investors”
SINCE February 2010, the yield on the Bank of Jamaica’s (BOJ) six month Treasury Bill (T-Bill) has declined by 3.02 per cent. Consequently, the results of the most recent T-Bill auction came as no surprise to the market as current economic conditions continue to foster a low interest rate environment, at least for Government of Jamaica (GOJ) and BOJ instruments.
Jamaica Observer: “I guarantee it!”
THEORETICALLY, a lender’s comfort with extending financing facilities to a borrower is reflected in the interest rate charged on the loan. A comprehensive collateral coverage and a high level of comfort in relying on this security usually translate into a reduced interest rate charged on the loan.
Jamaica Observer: “US Consumer, business confidence both weaken”
NEW YORK, United States — AMERICANS’ view of the economy turned grimmer in September amid escalating job worries, falling to the lowest point since February.