EduFocal Delays Key Vote Results as Share Dilution Concerns Grow
EduFocal shareholders voted on two major proposals at the company’s September 10 AGM, but the results may not be released for up to 30 days. One proposal would rename EduFocal to Walstron Limited and expand the business beyond education technology into areas such as commerce, technology and real estate. The second would allow directors to […]
Canadian Dollar Weakens as U.S. Inflation Keep Rates Hike Risk Alive
The Canadian dollar slipped against the U.S. dollar after fresh U.S. inflation data kept expectations alive that the Federal Reserve could raise interest rates again. The loonie was trading near 72.4 U.S. cents, with one U.S. dollar costing roughly C$1.38. The pressure came after U.S. consumer prices rose 3.4% year over year in August, while […]
Bank of Jamaica Posts J$6.9 Billion Loss
The Bank of Jamaica has recorded a J$6.9 billion loss so far this financial year, a sharp reversal from the J$19.1 billion in positive retained earnings reported a year earlier. The central bank also has no profits available to transfer to the Government, compared with J$401 million a year ago. At first glance, a multibillion-dollar […]
Investors Rush Into Jamaica’s US$1 Billion Bond as Confidence Grows
International investors showed strong confidence in Jamaica by rushing to buy the Government’s latest US$1 billion bond, allowing Jamaica to borrow at a lower interest rate than initially expected. The bond was heavily oversubscribed, meaning investors wanted to buy more debt than Jamaica was offering. Because demand was so strong, the Government was able to […]
Sygnus Credit Profit Jumps as Puerto Rico Investment Pays Off
Sygnus Credit Investments (SCI) has posted its strongest results yet, with net profit jumping 123% to US$9.55 million as its expansion into Puerto Rico begins to pay off. A major driver was Acrecent Financial, the Puerto Rican financing company Sygnus first invested in back in 2022. Acrecent’s net profit climbed 57% to US$8.1 million, helping […]
Canada Hits Back at U.S. Tariffs
Canada is fighting back in its trade war with the United States, imposing tariffs of up to 50% on nearly C$28 billion worth of American goods. Prime Minister Mark Carney says the move is necessary to protect Canadian workers and reduce the country’s dependence on the U.S. But he is also warning that the shift […]