Articles by: Miroslav Marinoff

Campbell finalizes sale of Pop Secret business

Campbell Soup Company (NASDAQ: CPB) said on Monday that it had finalized the sale of the Pop Secret popcorn business to Our Home. However, the company did not disclose any financial details of the transaction. The Pop Secret business generated about $120 million in net sales during fiscal 2024. “This marks another step in our […] Read more

Bloomin’ Brands appoints new Chief Executive Officer

Bloomin’ Brands Inc (NASDAQ: BLMN) said on Monday that it had appointed Michael L. Spanos as its next Chief Executive Officer, effective September 3rd. Spanos joins Bloomin’ Brands from Delta Air Lines, where he served as Executive Vice President and Chief Operating Officer. Before his appointment at Delta Air Lines, Spanos was CEO and President […] Read more

Norway’s unemployment rate at five-month low

The seasonally adjusted unemployment rate in Norway has decreased to 3.9% in July from 4.1% in June, data by Statistics Norway showed. It has been the lowest jobless rate since February. The number of unemployed individuals dropped by 5,000 from a month ago to 118,000 in July. At the same time, the number of employed […] Read more

USD/CHF trades at 3-week lows as Powell flags policy easing

The USD/CHF currency pair plunged to a fresh three-week low of 0.8456 on Monday, after Federal Reserve Chair Jerome Powell solidified market expectations of a rate cut in September. In a speech at the Jackson Hole symposium last week, the Fed Chair signaled the central bank was ready to adjust monetary policy, as the timing […] Read more

Spot Gold trades near record high on Sep rate cut bets

Spot Gold held in proximity to record highs on Monday, while the US Dollar plummeted to a fresh 13-month low, after Federal Reserve Chair Jerome Powell cemented market expectations of a rate cut in September. In a speech at the Jackson Hole symposium last week, the Fed Chair signaled the central bank was ready to […] Read more

Eastgroup Properties increases quarterly dividend to $1.40

Eastgroup Properties Inc (NYSE: EGP) said on Friday that its Board of Directors had authorized a regular quarterly cash dividend of $1.40 per share of common stock. The latter represents an increase of 10.24% compared to the previous quarterly dividend of $1.27 per share. The dividend is the 179th consecutive quarterly cash distribution to the […] Read more

Singapore CPI inflation stable at near 3-year low

Annual consumer inflation in Singapore has remained stable at 2.4% in July, data by Statistics Singapore showed. It has been the lowest inflation level since August 2021. The actual figure compares with market consensus of 2.5%. Food inflation has been the lowest in more than 2 years in July, at 2.7%, while easing from 2.8% […] Read more

France’s business morale rebounds in August

France’s business confidence has improved in August, the latest data by INSEE showed. The gauge of business morale came in at a reading of 98.8 in August, while rebounding from a 3 1/2-year low of 95.4 in July. Still, the indicator remained below its long-term average level of 100.0. In August, businesses were less pessimistic […] Read more

Norway’s domestic loan debt rises the most since Dec 2023

The general public’s domestic loan debt in Norway has grown at an annualized rate of 3.7% to NOK 7.41 billion at the end of July, data by Statistics Norway showed. It has been the fastest domestic loan debt growth since December 2023 and followed a 3.6% YoY increase in June. Municipal government loan debt increased […] Read more

Sweden’s unemployment rate at 7.7% in July

The rate of unemployment in Sweden was reported at 7.7% in July, up from 6.2% in the same month of the preceding year. The number of unemployed persons went up by 88,000 from July 2023 to 454,000, data by Statistics Sweden showed. In the meantime, the number of employed individuals dropped by 5,000 to 5.444 […] Read more