May 23, 2024 8:39 am
The Shyft Group Inc (NASDAQ: SHYF) said on Wednesday that it had inked an agreement with Amerit Fleet Solutions to provide 24/7 maintenance and support services for Blue Arc EV trucks across the United States. Blue Arc EVs will soon become available via a select network of dealerships, each staffed by technicians trained and certified […]
Read moreMay 23, 2024 7:13 am
The Bank of Korea left its base rate without change at a 15-year high of 3.5% at its May policy meeting, in line with market expectations. This way, borrowing costs were kept on hold for the eleventh consecutive meeting amid an economy demonstrating resilience and a gradually slowing but still elevated inflation, hovering above the […]
Read moreMay 22, 2024 1:40 pm
Annual consumer price inflation in South Africa has eased to 5.2% in April from 5.3% in March, data by Statistics South Africa showed. It has been the lowest inflation rate since December 2023. April has also been the 11th consecutive month, when the annual inflation rate remains within the South African Reserve Bank’s target range […]
Read moreMay 22, 2024 11:10 am
Lennox International Inc (NYSE: LII), a leader in energy-efficient climate-control solutions, said this week its Board of Directors had authorized a quarterly dividend of $1.15 per share of common stock. The latter represents a 4.5% increase compared to the previous quarterly dividend payment. The dividend will be paid on July 15th to shareholders of record as […]
Read moreMay 22, 2024 8:59 am
The rate of unemployment in Sweden was reported at 8.9% in April, up from 7.5% in the same month of the preceding year. The number of unemployed persons went up by 87,000 from April 2023 to 513,000, data by Statistics Sweden showed on Wednesday. In the meantime, the number of employed individuals rose by 3,000 […]
Read moreMay 22, 2024 7:34 am
The NZD/CAD currency pair scaled a fresh 21-week peak on Wednesday, after the Reserve Bank of New Zealand raised its forecast for peak interest rates and pushed back potential rate cuts, citing persistently high inflation. The central bank left its official cash rate unchanged at 5.5% for a seventh consecutive policy meeting in May, in […]
Read moreMay 21, 2024 2:36 pm
Annual headline consumer inflation in Canada has cooled to 2.7% in April from 2.9% in March, 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 was also consistent with Bank of Canada’s projections that inflation […]
Read moreMay 21, 2024 12:06 pm
The Euro Area reported a trade surplus of EUR 24.1 billion in March, which compares with EUR 19.1 billion surplus in the same month a year earlier, the latest data by Eurostat showed. It has been the bloc’s biggest trade surplus since December 2020. In comparison, a consensus of analyst estimates had pointed to a […]
Read moreMay 21, 2024 9:46 am
AstraZeneca said on Monday that it planned to establish a $1.5 billion manufacturing facility in Singapore for antibody drug conjugates (ADCs), which would bolster global supply of its ADC portfolio. ADCs represent next-generation treatments, which deliver highly potent cancer-killing agents directly to cancer cells via a targeted antibody. Supported by the Singapore Economic Development Board, […]
Read moreMay 21, 2024 8:32 am
Barclays said in a note that the upside for Johnson Controls International PLC’s stock might not be “substantial” from this point onward, after it became clear activist investor Elliott Investment Management held an over $1 billion stake. “While there has been relatively little activism in the MI sector in recent years, this news should not […]
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