Articles by: Miroslav Marinoff

Reserve Bank of India holds repo rate at 6.5%

The Reserve Bank of India left its key repo rate unchanged at 6.5% for a ninth straight policy meeting in August, in line with market expectations, to allow inflation to move down toward its 4% medium-term target. Annual CPI inflation in the country was reported at 5.08% in June, a four-month high, driven by a […] Read more

South Africa’s Forex reserves rise to four-month high

Foreign exchange reserves in South Africa expanded to $62.269 billion in July from $62.100 billion in June, data by the South African Reserve Bank showed. It has been the highest level of foreign exchange reserves since March. The nation’s gold reserves increased to $9.756 billion in July from $9.413 billion in June. Special Drawing Rights […] Read more

Hamilton Lane announces $0.49 quarterly dividend

Hamilton Lane Inc (NASDAQ: HLNE) said on Tuesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.49 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on October 4th to shareholders of record as of the close of […] Read more

Mueller Industries acquires Elkhart Products Corp

Mueller Industries Inc (NYSE: MLI) said on Tuesday that it had acquired Elkhart Products Corporation, a US manufacturer of copper solder fittings. However, no financial details were disclosed. “We expect the addition of EPC to significantly accelerate the recovery of our Covington, Tennessee -based copper fittings business, which was substantially impacted by a tornado in […] Read more

Switzerland’s unemployment rate remains steady at 2.3%

Switzerland’s jobless rate has remained steady at 2.3% for a third straight month in July, data by the State Secretariat for Economic Affairs showed. The number of unemployed individuals rose by 3,198 to a four-month high of 107,716 in July. Switzerland’s youth unemployment rate, which tracks job-seekers aged between 15 and 24, rose to 2.2% […] Read more

Reserve Bank of Australia holds rate at 4.35% for sixth time

The Reserve Bank of Australia kept its cash rate without change at 4.35% at its August policy meeting, in line with market expectations. The central bank noted that inflation still remained above the midpoint of its 2%–3% target range, mostly because of the still-high cost of services. The RBA cautioned that policy would need to […] Read more

Singapore’s retail sales drop 0.6% YoY in June

Singapore’s retail sales were reported to have decreased at an annualized rate of 0.6% in June, after a 2.2% surge in May. In June, sales went down for: – furniture & household equipment (-1.9% YoY versus a 1.1% YoY rise in May); – watches & jewelry (-1.7% YoY after a 7.4% YoY increase in May); […] Read more

Amgen Inc announces $2.25 quarterly dividend

Amgen Inc (NASDAQ: AMGN) said that its Board of Directors had authorized a regular quarterly cash dividend of $2.25 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on September 6th to shareholders of record as of the close of business on August […] Read more

Ryerson Holding Corp buys Production Metals

Ryerson Holding Corporation (NYSE: RYI) said that it had acquired Production Metals LLC, a distributor of aluminum, stainless and specialty steels. Headquartered in Monroe, Connecticut, Production Metals serves clients in New England and the surrounding area with bar, tube, sheet and plate products alongside precision sawing, lasering and water jet cutting. “On behalf of all […] Read more

Subaru of America reports 2.6% YoY surge in July vehicle sales

Subaru of America Inc reported this week 51,702 vehicle sales for the month of July. The latter represents a 2.6% increase over July 2023. Year-to-date sales stood at 374,145 vehicles, or a 5.5% surge compared to the same period of 2023. Crosstrek was the top-selling model, while it also registered its best July ever. As […] Read more