September 28, 2024 2:06 pm
Retail sales in Norway have increased 0.1% in August over July, the latest data by Statistics Norway showed. The latter followed a 1.2% rise in July and fell short of market consensus of a 0.6% surge. Retail sales growth slowed markedly at non-specialized stores, 0.8% month-over-month, following a 1.7% rise in July. Sales of automotive […]
Read moreSeptember 28, 2024 10:16 am
Consumer morale in Italy has improved in September, data by the National Institute of Statistics showed. The gauge of consumer confidence came in at a reading of 98.3 in September, while rebounding from an eight-month low of 96.1 in August. The sub-index of personal climate rose to 96.3 in September from 93.8 in August, while […]
Read moreSeptember 27, 2024 12:37 pm
According to a statement by the National Highway Traffic Safety Administration, General Motors Company (GM) is set to recall 18,235 commercial vehicles in the United States due to faulty brake lines. “The brake line may have insufficient clearance to the body mounts, which can result in brake line damage that can lead to a brake […]
Read moreSeptember 27, 2024 9:23 am
According to a report by Deadline, citing sources, Walt Disney (NYSE: DIS) is set to lay off about 300 employees in the United States. The lay-offs are to affect the company’s corporate operations, including legal, HR, finance and communications. At the same time, the lay-offs will not impact Walt Disney Co’s operations at Parks, ESPN […]
Read moreSeptember 27, 2024 7:35 am
Spot Gold traded not far from a fresh all-time high of $2,685.64 per troy ounce on Friday, as market players awaited the key US PCE inflation figures for more guidance on the Federal Reserve’s interest rate trajectory. Annual core PCE inflation probably remained steady at 2.6% in August, according to market consensus, while annual PCE […]
Read moreSeptember 26, 2024 9:51 am
Sweden reported a trade deficit of SEK 5.3 billion in August, which compares with a shortfall of SEK 7.8 billion in the same month of 2023. Market consensus had pointed to a SEK 5.9 billion surplus. The nation’s total exports shrank 5.1% year-on-year to SEK 150.3 billion in August, data by Statistics Sweden showed. The […]
Read moreSeptember 26, 2024 7:21 am
Singapore’s manufacturing output has increased at an annualized rate of 21% in August, while picking up from a 2% growth in July. It has been the fastest rate of growth since June 2021. The latest data far exceeded market consensus of a 9.6% growth. In August, production of electronics surged sharply, by 49.1% YoY after […]
Read moreSeptember 25, 2024 8:51 pm
Thermon Group Holdings Inc (NYSE: THR), a leader in industrial process heating solutions, said on Wednesday that it had appointed Jan L. Schott as Senior Vice President and Chief Financial Officer, effective October 14th. Schott has over three decades of global financial, commercial and operational experience and a deep background across the energy verticals. Before […]
Read moreSeptember 25, 2024 11:05 am
The general public’s domestic loan debt in Norway has grown at an annualized rate of 3.8% to NOK 7.44 billion at the end of August, data by Statistics Norway showed. It has been the fastest domestic loan debt growth since September 2023 and followed a 3.7% increase in July. Loan debt of households rose 3.5% […]
Read moreSeptember 25, 2024 8:41 am
The Swedish Krona weakened against the Euro on Wednesday, after Riksbank lowered its benchmark policy rate by 25 basis points to 3.25% at its September meeting, in line with market consensus. That followed another such move in August. Riksbank also flagged more rate cuts at the two remaining monetary policy meetings this year, in case […]
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