Access Financial Services Limited (AFS) has advised that a director purchased 500 AFS shares on June 4, 2018.

NCB Financial Group Limited (NCBFG) has advised that a connected party sold 741,494 NCBFG shares on June 15, 2018.

Blue Power Group Limited (BPOW) has advised that a meeting of their Board will be held on July 2, 2018, at 4:30 p.m., and that among the items the Board will consider will be: The declaration of a dividend Whether the Board should recommend a stock split to the shareholders.

Caribbean Producers Jamaica Limited (CPJ) has advised that a connected party purchased 4,550 CPJ shares on June 18, 2018.

Supreme Ventures Limited (SVL) has advised that a connected party purchased 540,000 SVL shares on June 12, 2018.

Wisynco Group Limited (WISYNCO) has advised that Mr. Sean Scott, member of the Company’s Executive Management Committee, has resigned effective June 29, 2018.  

Wisynco  Group Limited (WISYNCO) further advised that effective July 2, 2018 a 3% price increase will take effect for the Company’s imported portfolio of products due to the devaluation of the Jamaican Dollar to its US counterpart.

Analysts are increasingly expecting the U.S./China trade dispute to turn into a war of attrition, with neither side willing to bow to pressure from the other. “The country that wins a trade war is the country that can endure most pain,” said Andrew Polk, co-founder of research firm Trivium China in Beijing, adding that China “thinks it can outlast the U.S.” because it doesn’t have elections to worry about. With President Donald Trump under pressure to appease his base ahead of the November mid-terms, President Xi Jinping determined to stick to his plan to make China a global technology leader, and neither side willing to appear weak by compromising first, a significant increase in tensions still seems the most likely outcome. 

Source: Bloomberg

OPEC and its allies are discussing an output increase of between 300,000 and 600,000 barrel per day over the next few months, according to people briefed on the talks. Oil trimmed earlier losses after the Bloomberg News report, with the output increase significantly lower than the 1.5 million barrels a day proposed by Russian Energy Minister Alexander Novak last week. Iran, Venezuela and Iraq are opposed to any increase in production at all, Iran’s OPEC representative Hossein Kazempour Ardebili said on Sunday. There are also moves to make Russia a permanent member of the oil-exporters’ alliance. A barrel of West Texas Intermediate for July delivery was trading at $64.78 by 5:45 a.m. Eastern Time. 

Source:  Bloomberg