May 26, 2024 4:26 pm
Producer prices in Sweden increased at an annualized rate of 0.9% in April, data by Statistics Sweden showed. That followed a 0.6% slump in March. It has also been the first month of producer price growth since April 2023. Prices dropped at a slower rate for energy-related products (-4.4% YoY compared to -6.8% YoY in […]
Read moreMay 26, 2024 12:09 pm
Non-farm payrolls in Switzerland were reported to have increased 1.8% year-on-year to 5.484 million during the first quarter of this year. The figure came slightly below the record high of 5.488 million reported in the fourth quarter of 2023. In Q1, employment levels in the industrial sector rose 0.7% YoY to 1.131 million, underpinned by […]
Read moreMay 26, 2024 10:42 am
The Marcus Corporation (NYSE: MCS) said this week its Board of Directors had authorized a regular quarterly cash dividend of $0.07 per share of common stock. The dividend will be paid on June 26th to shareholders of record as of the close of business on June 17th 2024, the company said. The dividend was kept […]
Read moreMay 25, 2024 4:04 pm
Germany’s economy has returned to growth in the first quarter of 2024, data by the Federal Statistical Office showed. The country’s GDP rose 0.2% quarter-on-quarter in Q1, which matched both a preliminary estimate and market consensus. Growth was mostly attributed to a rebound in gross fixed capital formation (1.2% QoQ after a 2.1% drop in […]
Read moreMay 25, 2024 11:18 am
Singapore’s manufacturing output has decreased at an annualized rate of 1.6% in April, while slowing from a 9.2% contraction in March. The latest data confounded market consensus of a 0.2% growth. In April, production rebounded for transport engineering (10.6% YoY after a 7.3% YoY drop in March) and for general manufacturing industries (7.3% YoY following […]
Read moreMay 24, 2024 3:29 pm
France’s business confidence has decreased to its lowest level since January in May, the latest data by INSEE showed. The gauge of business morale came in at a reading of 99.2 in May, down from 100.0 in April. The indicator remained below its long-term average and also below market consensus of 100.0. In May, companies’ […]
Read moreMay 24, 2024 10:50 am
Accenture PLC (NYSE: ACN) said this week it had acquired Teamexpat, an embedded software specialist for complex high-tech products and systems, based in Eindhoven, the Netherlands. Teamexpat specializes in software development, testing and integration for lithography systems in the semiconductor industry. These systems make use of ultraviolet light to print the fine patterns on semiconductor […]
Read moreMay 24, 2024 9:14 am
FB Financial Corporation (NYSE: FBK), the parent company of FirstBank, has been upgraded to “Overweight” from “Equal Weight” at Stephens, after the group de-risked its balance sheet and cut its expense base, as it has infrastructure in place to support more economies of scale. According to Stephens analyst Russell Gunther, FB Financial Corp’s “construction and […]
Read moreMay 23, 2024 2:25 pm
Singapore’s economy expanded at the sharpest annual rate since Q3 of 2022 in the first quarter of 2024, a final estimate showed on Thursday. The nation’s GDP grew 2.7% year-on-year in Q1, while matching preliminary data and outpacing market consensus of a 2.5% growth. In Q1 of 2024, services sector growth picked up sizably (3.9% […]
Read moreMay 23, 2024 10:58 am
Xerox Holdings Corporation (NASDAQ: XRX) said on Wednesday that its Board of Directors had authorized a quarterly cash dividend of $0.25 per share of common stock. The dividend will be paid on July 31st to shareholders of record as of the close of business on June 28th 2024, the company said. The dividend was kept […]
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