Collapse of major stock indexes means fear of recession among investors

US stock indexes fell sharply today, reacting to the news of the inversion of yields on US short- and long-term government securities, which heightened fears of a severe slowdown in economic growth and even recession, news agencies reported.

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Boohoo Lifted Forecast, Elis in £2.2 B Deal with Berendsen

4:00 PM Frankfurt – Auto Trader profit surged on 9% jump in revenues. Boohoo revenues doubled and raised £50 million through share sale and the retailer also lifted fiscal revenue forecast. Berendsen agreed for £2.2 billion takeover bid from French rival Elis. Flybe net swung to a loss.

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Blackstone, Genuine Parts, Nucor, Philip Morris, Travelers Shine with Earnings

12:40 PM New York City, New York – Alcoa swung to profitability supported by tariffs. The Blackstone revenues soared 11%. Genuine Parts lifted fiscal outlook. Philip Morris beat earnings estimates. Travelers Co reported strong results.

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Alcoa Net Drops but Lifts Outlook; Fastenal, Rocky Mountain Fall

2:00 PM New York – Alcoa said sales declined 10% and lifted forecasted. Alliance One Intl net surged on flat revenues. Fastenal profit slumped 6%. GMS net soared more than four-fold and sales surged 30%. Rocky Mountain Chocolate net fell 4%. VOXX Intl net loss widened.

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BHP Net Tumbles, Persimmon Net Surge on Strong Deliveries

BHP Billiton profit tumbled but revenues surged. Dermapharm reaffirmed fiscal outlook. Persimmon profit soared on strong delivery and price. Polymetal profit soared on higher production and prices. John Wood net swung to a loss but revenues surged.

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DAX Leads First Quarter Gains Europe, J&J Bids for Actelion

4:00 PM Frankfurt – Actelion received tender offer from Johnson & Johnson. Danone said it will sell its U.S. subsidiary Stonyfield to meet the regulatory requirements fo WhiteWave foods purchase. DX Group is in talks to acquire John Menzie. Phoenix Solar lifted revenue forecast.

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World Markets Deepen Losses in January, Euro Zone Defltation Trap Worries

12:50 PM New York – U.S. and World markets accelerated the decline on the last day of January. For the year, S&P 500 index is down 3.4%, major markets in Europe declined 3% and indexes in Japan closed down 8.5%, Hong Kong fell 5.5% and India dropped 3.1%.

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LafargeHolcim Swings to Loss on Impairment Charges, LSE Net Jumps

4:00 PM Frankfurt – Essentra health and personal care packaging division woes continue. LafargeHolcim swings to loss after the cement maker writes down assets. LSE profit surges on record volume in its clearing business. Mondi profit jumped on 7% increase in revenues. Spire Healthcare net plunged 69%.

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Broadcom, Cooper Beat Estimates; Verint Reaffirms Revenue Outlook

12:35 PM New York City, New York – Broadcom declined despite profit and revenues beat estimates. Cooper profit tumbled 42%. Lakeland Industries net soared on 6% jump in revenues. Verint Systems net loss narrowed on strong revenues.

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Colgate, Harley Climb; ConocoPhillips, Qualcomm Drop

12:45 PM New York – Abbott net surged 54%. Colgate-Palmolive net climbed 11% while sales dropped. ConocoPhillips net swung to a loss. Dow Chemical net plunged 24%. Harley-Davidson net fell 1% on flat revenues. Qualcomm profit jumped 5%. Visa net declined 10%.

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European Markets Extend Gains, Tullow Cuts 2016 Capex

4:00 PM Frankfurt – European sentiment rebounded and investor sought comfort in the latest international trade data from China. Barratt said home completion in six months to December increased 9.4%. U.K. retailer Dunelm blamed the mild winter for the 0.8% drop in sales. Sodexo kept its forecast for 3% revenue growth in 2016.

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Caribbean Markets Struggle, Jamaica Dollar Drifts To New Record Low

7:00 PM January 12, Miami, Florida – Caribbean markets closed mixed in thin trading and Jamaican dollar drifted to a new record low. World markets struggled as global economic growth may slow down more than expected.

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Jamaica Index Jumps 2.4%, World Markets Extend Yearly Losses

7:00 PM January 13, Miami, Florida – Jamaica market indexes gained more than 2% despite another day of decline in stocks in New York and in Europe. Crude oil price drifted near 12-year low and China reported better-than-expected international trade data.

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Oil Price Drop Wreaks Havoc In Asian And Australian Markets

5:30 PM Sydney – Australian stocks closed down following world markets weakness and the continued slide in oil prices. Oil futures extended losses for the sixth day in a row and Russian ruble collapsed forcing central bank to take emergency steps.

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U.S. Movers: Boeing, CVS Health, FactSet, Navistar, Talisman Energy

1:30 PM New York – Boeing and CVS Health increase quarterly dividend and expand stock buyback program. FactSet Research net climbed 7%. Navistar net loss narrowed. Talisman Energy surged 48% after a $13 billion deal with Spain-based Repsol. VeriFone net swung to profit.

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Jamaica Index Falls 1.3%; Mixed Closing In Trinidad And Bahamas

In thin trading, indexes in Jamaica dropped 1.3%. Jamaican dollar remained under pressure and Jamaica Broilers and JMMB led the most actively traded stocks in Kingston. Crude oil prices in international markets declined to a new five-year low.

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Looking For Growth in Trinidad

Interviewing Wain Iton from “Trinidad & Tobago Stock Exchange”. One of the significant markets in the Caribbean region, the Trinidad and Tobago Stock Exchange, still has a lot of room to grow. Dealing with illiquidity and a limited offering, the manager Wain Iton primarily focuses on attracting new listings and new types of securities traded.

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Costa Rica: The Human Capital Advantage

Interviewing Pilar Madrigal, Costa Rican Investment Promotion Agency. Costa Rica stands out as the only nation in Central and Latin America to have attracted foreign direct investment in manufacturing and services. That distinction seems even more unique, considering that most of this is efficiency-seeking FDI on sectors such as advanced manufacturing, medical devices and services.

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Chevron Completes Caribbean Business Sale To Rubis

6:50 AM New York – Chevron completed the sale of its Caribbean fuel marketing businesses to France based Rubis. The deal agreed in November was consummated yesterday for the nine Caribbean and two South American locations and is expected to receive regulatory approval from three Central American countries.

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Trinidad Attracts $70 Million In Energy Exploration Projects

7:00 AM April 16, 2019 Port of Spain – Trinidad attracts foreign investment of $70 million in energy exploration that is expected to arrest the decline in oil and gas production in the last decade. However, the twin island nation remains dependent on the energy sector for its exports and economic growth.

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World Markets Archive Annual Report

Australia Announces $5.6 Billion Flood Relief Package

Stocks in Sydney traded flat with mining stocks firming during the day. P.M. Julia Gillard announces flood relief package of A$5.6 billion including a progressive tax levy. Crane Group enters into a two-day trading halt pending finalization of a revised takeover offer from New Zealand-based Fletche

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Caribbean Markets Archive Annual Report

World Markets Deepen Losses in January, Euro Zone Defltation Trap Worries

U.S. and World markets accelerated the decline on the last day of January. For the year, S&P; 500 index is down 3.4%, major markets in Europe declined 3% and indexes in Japan closed down 8.5%. Hong Kong index fell 5.5% and index in India dropped 3.1%.

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Lufthansa Net Surges, Moller-Maersk Struggles As Oil Shipping Revenues Loss

4:00 PM Frankfurt – A.P. Moller-Maersk profit tumbled 43% on 9% decline in revenues. Security services provider G4S said revenues soared 6% to £4.8 billion. Deutsche Lufthansa profit surged 79% but the airline lowered revenues forecast. Hugo Boss net plunged 9%. Smurfit Kappa profit soared 22%.

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Caribbean Earnings Archive Annual Report

Mayberry Investments, Scotia Group Jamaica Net Decline; H&L; Net Jumps

Mayberry Investments revenue declined 21% to J$414 million and profit plunged 76% to J$103 million. Scotia Group Jamaica revenue slipped 6% to J$1.5 billion and net dropped 14% to J$421 million. Hardware & Lumber revenue jumped 6% to J$6.8 billion and profit in the year surged to J$610.1 million.

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Why Buid A Refinery In The Caribbean for Crude Oil?

10:20 AM Miami – The Caribbean region relies for most of its electricity and fuel needs on crude oil and derived prodcuts. The region has imported refined products for most of the last century. With the availabilities of cheaper refineries from Asia, the region can become a hub for the storage and exports of crude oil refined products.

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Caribbean Leaders Struggle To Attract Infrastructure Financing

Infrastructure development financing was one of the hottest topics at a gathering of Caribbean leaders this week in Miami, Florida.

Six heads of states and various ministers from several islands gathered at the second bi-annual Island Infrastructure Summit organized by KPMG Bermuda.

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Trinidad Faces Recession As Deficit Soars And Economy Contracts

12:15 PM Port of Spain, Trinidad – Trinidad economy contracted in the first quarter by 1.2% and the government deficit doubled in the first eight months of current fiscal year ending in May. Inflation remained elevated despite four rate increases in a row.

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Caribbean Markets Slide As World Markts Suffer Weekly Plunge Of 3%

7:00 PM January 15, Miami, Florida – Caribbean indexes declined following the deepening gloom in world markets. Crude oil prices dropped below $30 a barrel and fell 18% in the year-so-far. Market indexes in Europe and New York declined 3% or more in the week.

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