Articles by: Miroslav Marinoff

Spot Silver retreats as Dollar firms ahead of Powell speech

Spot Silver edged down on Thursday, while the US Dollar rebounded from a nearly 8-month low ahead of a speech by Federal Reserve Chair Jerome Powell at the Jackson Hole economic symposium that may provide more insight into potential interest rate cuts. Meanwhile, the minutes of the Federal Reserve’s July meeting signaled that monetary easing […] Read more

South Africa’s CPI inflation eases to three-year low

Annual consumer price inflation in South Africa has eased to 4.6% in July from 5.1% in June, data by Statistics South Africa showed. It has been the lowest inflation rate in three years and it further approached the South African Reserve Bank’s target of 4.5%. Last month, inflation eased for: – food and non-alcoholic beverages […] Read more

Japan’s trade deficit widens to JPY 621.8 billion in July

Japan’s trade deficit has widened to JPY 621.84 billion in July, data showed, from JPY 61.33 billion in July of 2023. In comparison, market consensus had pointed to a shortfall of JPY 330.7 billion. Total imports went up 16.6% year-on-year to a 19-month high of JPY 10,241,008 billion in July. At the same time, Japan’s […] Read more

Canada’s CPI inflation slows to over 3-year low

Annual headline consumer inflation in Canada has eased to 2.5% in July from 2.7% in June, the latest data by Statistics Canada showed. The CPI reading came in line with market consensus and also marked the lowest inflation rate since March 2021. The latest reading also came in line with the Bank of Canada’s projections […] Read more

Euro Area CPI inflation confirmed at 2.6% in July

The annual CPI inflation rate in the Euro Area was confirmed at 2.6% in July, while accelerating from 2.5% in June. A year earlier, CPI inflation stood at 5.5%. In July, inflation picked up for energy (1.2% YoY versus 0.2% YoY in June), while it remained steady for non-energy industrial goods, at 0.7%. In the […] Read more

New Zealand reports trade deficit in July

New Zealand reported a trade deficit of NZD 0.963 billion in July, which compares with a NZD 1.174 billion shortfall in the same month of 2023. Still, it has been the nation’s largest trade gap since January. Total exports surged 14% year-on-year to NZD 6.1 billion in July. That reflected higher shipments of: – crude […] Read more

Switzerland’s trade surplus smallest since April

Switzerland reported a trade surplus in the amount of CHF 4.1 billion in July, compared to a revised down CHF 4.7 billion surplus in June. It has been the smallest trade surplus since April. The nation’s total exports went down 2.7% month-over-month to CHF 22.5 billion in July. The latter reflected lower shipments of: – […] Read more

Spain’s trade deficit smallest since March 2023

Spain’s trade balance deficit has narrowed to EUR 0.7 billion in June, data showed, from EUR 2.4 billion in June 2023. The latest figure pointed to the smallest deficit since March 2023. Total imports went down 7.3% year-on-year to EUR 33.7 billion in June. That reflected lower purchases of: – chemical products (-12% YoY); – […] Read more

United Fire announces $0.16 quarterly dividend

United Fire (NASDAQ: UFCS) said on Friday that its Board of Directors had authorized a regular quarterly cash dividend of $0.16 per share of common stock. It has been United Fire’s 226th consecutive quarterly dividend paid. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on September 13th […] Read more

Alamo Group sells Herschel Parts to F.P. Bourgalt

Alamo Group (NYSE: ALG) said on Friday that it would sell its Herschel Parts business to F.P. Bourgalt Tillage Tools Ltd. Alamo Group originally acquired Iowa-based Herschel Parts in 1995. “We are pleased to announce the successful sale of our small operation in Indianola, Iowa. This decision reflects our commitment to driving continuous improvement and […] Read more