June 20, 2024 10:47 am
The Norges Bank has kept its benchmark interest rate without change at a 16-year high of 4.5% for a fourth straight policy meeting in June, in line with market consensus. The central bank noted the policy rate would likely remain at that level throughout the rest of this year. Norges Bank said that monetary policy […]
Read moreJune 20, 2024 8:35 am
The Swiss National Bank cut its benchmark policy rate by 25 basis points to 1.25% at its June meeting, as it cited easing underlying inflationary pressure. The move, which came in line with market consensus, followed another 25 bps cut in March. At present, Swiss inflation is mostly driven by higher cost of domestic services, […]
Read moreJune 20, 2024 7:15 am
THOR Industries Inc (NYSE: THO) said this week its Board of Directors had authorized a regular quarterly cash dividend of $0.48 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on July 18th to shareholders of record as of the close of business […]
Read moreJune 19, 2024 2:02 pm
The rate of unemployment in Sweden was reported at 8.7% in May, up from 7.9% in the same month of the preceding year. The number of unemployed persons went up by 41,000 from May 2023 to 496,000, data by Statistics Sweden showed on Wednesday. In the meantime, the number of employed individuals dropped by 112,000 […]
Read moreJune 19, 2024 10:41 am
Johnson Controls International PLC (NYSE: JCI), a global leader in smart, healthy and sustainable buildings, said on Tuesday that it had reached a definitive agreement to sell its Air Distribution Technologies business to Truelink Capital, a middle-market private equity company. The sale includes market-leading air distribution and movement brands Koch Filter, Titus, Ruskin, Kreuger, PennBarry […]
Read moreJune 19, 2024 8:41 am
WD-40 (NASDAQ: WDFC) said this week its Board of Directors had authorized a regular quarterly cash dividend of $0.88 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on July 31st to shareholders of record as of the close of business on July […]
Read moreJune 19, 2024 6:56 am
The Home Depot Inc (NYSE: HD) said on Tuesday that it had finalized the acquisition of SRS Distribution Inc for a total enterprise value of nearly $18.25 billion. The acquisition is expected to expand Home Depot’s total addressable market to about $1 trillion. The combination of the two businesses is to speed up Home Depot’s […]
Read moreJune 18, 2024 1:55 pm
Singapore’s non-oil domestic exports were reported to have dropped 0.1% year-on-year in May, while marking the fourth straight month of decline. Yet, the pace has been the slowest in 20 months. It came after a 9.6% YoY slump in April. A consensus of analyst estimates had pointed to a 0.9% YoY drop. In May, sales […]
Read moreJune 18, 2024 8:56 am
Housing starts in Canada were reported to have increased 10% month-over-month to 264,506 units in May. It has marked the highest number of housing starts since October 2023. In comparison, market consensus had pointed to a level of 247,000 units. The May seasonally adjusted annual rate (SAAR) of total urban housing starts rose 11% to […]
Read moreJune 18, 2024 6:59 am
The Reserve Bank of Australia kept its cash rate without change at 4.35% at its June 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. Recent macroeconomic figures have suggested the RBA will […]
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