August 9, 2024 11:00 am
Sterling Infrastructure Inc (NASDAQ: STRL) said on Thursday that it had appointed Dan Govin as its next Chief Operating Officer. Dan Govin has assumed a number of commercial and operations management roles within the energy infrastructure industry since 1994. Most recently, he held the position of Regional President at Quanta Services. ”Over the past several […]
Read moreAugust 9, 2024 7:23 am
Fastly Inc (NYSE: FSLY) said on Thursday that it intended to cut its global workforce of full-time employees by 11%, as part of a restructuring initiative. According to a regulatory filing, Fastly Inc expects to incur a charge of $9.5 million to $10 million during the third quarter of 2024, which will mostly include cash […]
Read moreAugust 8, 2024 11:42 am
Manufacturing production in South Africa was reported to have decreased 5.2% year-on-year in June, after a revised up 1.2% slump in May. Market consensus had pointed to a much smaller drop, by 0.9% YoY. In June, production contracted for: – motor vehicles, parts and accessories and other transport equipment, by 15.6% YoY; – basic iron […]
Read moreAugust 8, 2024 7:48 am
Icahn Enterprises L.P. (NASDAQ: IEP) said this week its Board of Directors had authorized a regular quarterly cash dividend of $1.00 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on September 25th to shareholders of record as of the close of business […]
Read moreAugust 8, 2024 6:40 am
The Reserve Bank of India left its key repo rate unchanged at 6.5% for a ninth straight policy meeting in August, in line with market expectations, to allow inflation to move down toward its 4% medium-term target. Annual CPI inflation in the country was reported at 5.08% in June, a four-month high, driven by a […]
Read moreAugust 7, 2024 10:34 am
Foreign exchange reserves in South Africa expanded to $62.269 billion in July from $62.100 billion in June, data by the South African Reserve Bank showed. It has been the highest level of foreign exchange reserves since March. The nation’s gold reserves increased to $9.756 billion in July from $9.413 billion in June. Special Drawing Rights […]
Read moreAugust 7, 2024 8:13 am
Hamilton Lane Inc (NASDAQ: HLNE) said on Tuesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.49 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on October 4th to shareholders of record as of the close of […]
Read moreAugust 7, 2024 6:42 am
Mueller Industries Inc (NYSE: MLI) said on Tuesday that it had acquired Elkhart Products Corporation, a US manufacturer of copper solder fittings. However, no financial details were disclosed. “We expect the addition of EPC to significantly accelerate the recovery of our Covington, Tennessee -based copper fittings business, which was substantially impacted by a tornado in […]
Read moreAugust 6, 2024 10:41 am
Switzerland’s jobless rate has remained steady at 2.3% for a third straight month in July, data by the State Secretariat for Economic Affairs showed. The number of unemployed individuals rose by 3,198 to a four-month high of 107,716 in July. Switzerland’s youth unemployment rate, which tracks job-seekers aged between 15 and 24, rose to 2.2% […]
Read moreAugust 6, 2024 7:14 am
The Reserve Bank of Australia kept its cash rate without change at 4.35% at its August policy meeting, in line with market expectations. The central bank noted that inflation still remained above the midpoint of its 2%–3% target range, mostly because of the still-high cost of services. The RBA cautioned that policy would need to […]
Read more
