July 18, 2024 9:53 am
Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, said on Wednesday that it had finalized its acquisition of WIP Industrial Automation. The company had previously said it entered into a definitive agreement to buy WIP on April 29th. However, Lear Corp did not disclose any financial details of the agreement. […]
Read moreJuly 18, 2024 8:08 am
Switzerland reported a trade surplus in the amount of CHF 4.9 billion in June, compared to a revised up CHF 4.2 billion surplus in May. It has been the biggest trade surplus since September 2023. The nation’s total exports went up 1.2% month-over-month to CHF 23.3 billion, mostly because of higher shipments of vehicles (up […]
Read moreJuly 18, 2024 6:43 am
Greene County Bancorp Inc (NASDAQ: GCBC) said on Wednesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.09 per share of common stock. The latter represents a 12.5% increase compared to the previous quarterly dividend of $0.08. The dividend will be paid on August 30th to shareholders of record as […]
Read moreJuly 17, 2024 11:43 am
South Africa’s retail sales were reported to have risen at an annualized rate of 0.8% in May, following a revised up 0.7% growth in April. In May, sales rose at a faster rate at general dealers (1.7% YoY compared to 0.4% YoY in April). Meanwhile, sales rebounded for food, beverages & tobacco (4.4% YoY after […]
Read moreJuly 17, 2024 9:14 am
The annual CPI inflation rate in the Euro Area was confirmed at 2.5% in June, while easing from 2.6% in May. A year earlier, CPI inflation stood at 5.5%. In June, inflation eased for energy (0.2% YoY versus 0.3% YoY in May) and for food, alcohol and tobacco (2.4% YoY versus 2.6% YoY in May). […]
Read moreJuly 17, 2024 6:54 am
Singapore’s non-oil domestic exports were reported to have dropped 8.7% year-on-year in June, while marking the fifth straight month of decline. The data followed a revised 0.7% contraction in May. A consensus of analyst estimates had pointed to a much slower drop, by 1.2% YoY. In June, shipments of electronic products shrank 9.5% YoY, following […]
Read moreJuly 16, 2024 10:52 am
Trinity Capital Inc (NASDAQ: TRIN), a provider of diversified financial solutions to growth-oriented business customers, said on Monday that it had committed $15 million in growth capital to Velentium. Headquartered in Houston, Velentium designs, develops, manufactures and provides post-market support for medical devices – active implantable and wearable devices in particular. “Velentium brings unique capabilities […]
Read moreJuly 16, 2024 8:50 am
SolarEdge Technologies Inc (NASDAQ: SEDG) said on Monday that it intended to dismiss 400 employees, with 200 of them being based in Israel, as it seeks to restore profitability. The move is to affect all departments and includes cuts in both headcount and discretionary spending, the company said. As of December 31st 2023, SolarEdge Technologies […]
Read moreJuly 16, 2024 6:43 am
Spot Gold edged higher on Tuesday, while holding near highs not seen since May 20th, as remarks by Federal Reserve Chair Jerome Powell reinforced the case for a rate cut in September. Yesterday the Fed Chair said that the three US inflation readings during the second quarter of 2024 “add somewhat to confidence” inflation is […]
Read moreJuly 15, 2024 10:41 am
Industrial production in the Euro Area was reported to have shrunk 0.6% month-over-month in May, following a flat reading in April. In comparison, market consensus had pointed to a 1% contraction. In May, output dropped for intermediate goods (-1% versus -0.3% in April), capital goods (-1.2% versus a 0.7% rise in April) and durable consumer […]
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