Articles by: Miroslav Marinoff

Sweden posts SEK 5.3 billion trade deficit in August

Sweden reported a trade deficit of SEK 5.3 billion in August, which compares with a shortfall of SEK 7.8 billion in the same month of 2023. Market consensus had pointed to a SEK 5.9 billion surplus. The nation’s total exports shrank 5.1% year-on-year to SEK 150.3 billion in August, data by Statistics Sweden showed. The […] Read more

Singapore manufacturing production rises the most since June 2021

Singapore’s manufacturing output has increased at an annualized rate of 21% in August, while picking up from a 2% growth in July. It has been the fastest rate of growth since June 2021. The latest data far exceeded market consensus of a 9.6% growth. In August, production of electronics surged sharply, by 49.1% YoY after […] Read more

Thermon appoints new Chief Financial Officer

Thermon Group Holdings Inc (NYSE: THR), a leader in industrial process heating solutions, said on Wednesday that it had appointed Jan L. Schott as Senior Vice President and Chief Financial Officer, effective October 14th. Schott has over three decades of global financial, commercial and operational experience and a deep background across the energy verticals. Before […] Read more

Norway’s domestic loan debt rises the most since Sep 2023

The general public’s domestic loan debt in Norway has grown at an annualized rate of 3.8% to NOK 7.44 billion at the end of August, data by Statistics Norway showed. It has been the fastest domestic loan debt growth since September 2023 and followed a 3.7% increase in July. Loan debt of households rose 3.5% […] Read more

Sweden’s Riksbank delivers 25 bps policy rate cut to 3.25%

The Swedish Krona weakened against the Euro on Wednesday, after Riksbank lowered its benchmark policy rate by 25 basis points to 3.25% at its September meeting, in line with market consensus. That followed another such move in August. Riksbank also flagged more rate cuts at the two remaining monetary policy meetings this year, in case […] Read more

South Korea’s Sep consumer sentiment at 4-month low

Consumer morale in South Korea has decreased to its lowest level since May in September, data by the Bank of Korea showed. The Composite Consumer Sentiment Index came in at a reading of 100.0 in September, down from 100.8 in August. The gauge of future household income expectations remained steady at 98, while that of […] Read more

KBR awarded $113 million Air Force task order

KBR Inc (NYSE: KBR) said on Monday that it had been awarded a $113 million task order to perform aeronautical systems research, development, test and evaluation for the Air Force Life Cycle Management Center Mobility Directorate at Wright-Patterson Air Force Base for a period of five years. Under the new contract, KBR will provide program […] Read more

Germany’s September business confidence at 8-month low

The Ifo Business Climate gauge for Germany decreased for a fifth straight month in September, data by the Ifo Institute showed. The index came in at a reading of 85.4 in September, down from 86.6 in August. It has been the gauge’s lowest level since January. The latest reading was also below market consensus of […] Read more

Alaska Airlines faces IT outage, flight delays in Seattle

Alaska Airlines (NYSE: ALK) said on Monday that it had experienced an IT outage, which led to significant disruption to its operations, including flight delays. Alaska said it had issued a ground stop for arrivals in Seattle, which lasted for about 2 hours. On Sunday night, the company said on its X account there had […] Read more

Q2 Holdings appoints new Chief Financial Officer

Q2 Holdings Inc (NYSE: QTWO), a provider of digital transformation solutions for financial services, said on Monday that it had appointed Jonathan A. Price as its next Chief Financial Officer, effective November. Price has almost two decades of experience in corporate finance and operating leadership roles across investment banking, corporate strategy and the technology and […] Read more