April 4, 2024 7:14 am
Annual consumer inflation in Switzerland has eased further in March, to 1% from 1.2% in February, data by the Swiss Federal Statistical Office showed. The actual figure confounded market expectations of an increase to 1.3%. March’s CPI inflation rate has been the lowest since September 2021. The prices of food and non-alcoholic beverages dropped 0.4% […]
Read moreApril 3, 2024 12:29 pm
Employers in the US private sector hired 184,000 workers in March, data by Automatic Data Processing showed. It has been the largest increase in hiring since July 2023 and followed a revised up employment growth of 155,000 in February. In comparison, market consensus had pointed to private payrolls growth of 148,000. Employment in US services […]
Read moreApril 3, 2024 9:18 am
Euro Area’s annual consumer inflation slowed to 2.4% in March, while matching November’s 28-month low, from 2.6% in February, the preliminary data by Eurostat showed. Market consensus had pointed to CPI inflation rate of 2.6%. Last month, energy prices registered a 1.8% YoY decline, compared with a 3.7% drop in February. Meanwhile, price increases moderated […]
Read moreApril 3, 2024 6:57 am
Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said on Monday that it had acquired Fort Myers, Florida-based Specialty Risk Management Services LLC and its affiliate, Private Client Insurance Services LLC. However, the company did not disclose any financial details of the agreement. Specialty Risk Management Services LLC […]
Read moreApril 2, 2024 9:24 am
Switzerland’s procure.ch and Credit Suisse Manufacturing Purchasing Managers’ Index was reported at a reading of 45.2 in March, up from 44 in the preceding month. In comparison, a consensus of estimates had pointed to a reading of 44.9. March has been the 15th consecutive month of contraction, but the smallest since April 2023. There have […]
Read moreApril 2, 2024 7:34 am
Annual consumer price inflation in South Korea has remained stable at 3.1% in March, data by Statistics Korea showed. It has been the highest CPI inflation reading since December, fueled by higher prices of fresh food and energy. It also came in line with market consensus. In month-over-month terms, South Korean consumer prices edged up […]
Read moreApril 1, 2024 10:37 am
TrustCo Bank Corp NY (NASDAQ: TRST) said last week that its Board of Directors had authorized a stock repurchase program. Under the latter, the company may buy back up to 200,000 shares of its common stock, or about 1% of its current outstanding shares. Share repurchases may be conducted in open market or private transactions, […]
Read moreApril 1, 2024 7:26 am
Spot Gold rose to a fresh all-time high of $2,265.77 per oz. on Monday, after the latest US PCE inflation data reinforced expectations that the Federal Reserve would likely cut interest rates in June. Data showed last Friday that annual core PCE inflation had eased to 2.8% in February, or the lowest rate in almost […]
Read moreMarch 31, 2024 2:09 pm
NanoVibronix Inc (NASDAQ: NAOV), a medical device company, said this week it had entered into an agreement with Veranex Inc, under which the latter will provide certain research and development services related to NanoVibronix’s next generation UroShield and PainShield products. ”Teaming up with Veranex provides us with access to additional industry expertise and manufacturing know-how […]
Read moreMarch 31, 2024 11:39 am
GoPro Inc (NASDAQ: GPRO) said this week it planned to cut its global workforce by about 4% in order to ”reduce operating costs and drive stronger operating leverage.” The restructuring of the business is expected to lead to aggregate costs of nearly $7.5 million, the company said. ”Cash expenditures will be approximately $2.0 million of […]
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