Jamaica Business News

BNN Bloomberg’s prime picks newsletter delivers market analysis and stock recommendations from our Market Call guests on to your inbox each night time. Petrol and diesel costs across the nation have been hiked for the eighth consecutive day by oil marketing companies. The newest spherical of gasoline value hike is proving to be a major burden for residents. Asian shares superior on Tuesday, lifted by the financial restoration, vaccine rollouts and signs that new coronavirus instances may be abating.

The scenario is putting some companies on excessive alert for suspicious financial transactions. Other Asian stocks also hit record highs on Monday as successful coronavirus vaccine roll-outs globally boosted risk sentiment. The market was plunged into disaster final month when Reddit users trading on low-price retail platforms banded collectively to drive up the costs of GameStop and other stocks, squeezing hedge funds that had bet in opposition to these shares.

Legrand, …