Articles by: Miroslav Marinoff

Sweden’s unemployment rate highest since June 2021

The rate of unemployment in Sweden was reported at 9.4% in June, up from 9.3% in the same month of the preceding year. It has been the highest jobless rate since June 2021. The number of unemployed persons went up by 16,000 from June 2023 to 566,000, data by Statistics Sweden showed. In the meantime, […] Read more

South Africa producer inflation stable in June

Annual producer inflation in South Africa has remained stable at 4.6% in June, data by Statistics South Africa showed. Last month, prices picked up for: – food, beverages & tobacco products (4% YoY from 3.8% YoY in May); – metals, machinery & computing equipment (5.7% YoY from 5.5% YoY in May). In the meantime, inflation […] Read more

AGCO to sell most of its Grain & Protein business

AGCO Corporation (NYSE: AGCO) said on Thursday that it had entered into a definitive agreement to sell the majority of its Grain & Protein business to American Industrial Partners in a $700 million all-cash deal. The portfolio to be sold includes the five main Grain & Protein brands – GSI, Automated Production, Cumberland, Cimbria and […] Read more

FirstEnergy announces $0.425 quarterly dividend

FirstEnergy Corp (NYSE: FE) said this week its Board of Directors had authorized a regular quarterly cash dividend of $0.425 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on September 1st to shareholders of record as of the close of business on […] Read more

Spot Gold set for weekly loss as investors await US PCE data

Spot Gold edged higher on Friday, but looked set for a weekly decline, as market players awaited the key US PCE inflation report that may provide further clues on the timing of the Federal Reserve’s first rate cut. Annual core PCE inflation probably eased to 2.5% in June, according to market consensus, from 2.6% in […] Read more

Germany’s July business confidence lowest since February

The Ifo Business Climate gauge for Germany decreased for a third straight month in July, data by the Ifo Institute showed. The index came in at a reading of 87 in July, down from 88.6 in June. It has been the gauge’s lowest level since February. The latest reading was also below market consensus of […] Read more

Sweden’s producer prices rise 0.8% YoY in June

Producer prices in Sweden increased at an annualized rate of 0.8% in June, data by Statistics Sweden showed. That followed a 2.6% surge in May. June also was the third straight month of producer price growth. Prices rose at a slower rate for both capital goods (4.4% YoY compared to 5.2% YoY in May) and […] Read more

Norway’s unemployment rate stable at 4.1% in June

The seasonally adjusted unemployment rate in Norway was reported to have remained stable at 4.1% in June. The number of unemployed individuals remained steady from a month ago at 123,000, data by Statistics Norway showed. At the same time, the number of employed individuals rose by 7,000 to 2.888 million in June. And, the youth […] Read more

South Africa’s CPI inflation lowest since December 2023

Annual consumer price inflation in South Africa has eased to 5.1% in June from 5.2% in the preceding two months, data by Statistics South Africa showed. It has been the lowest inflation rate since December 2023. Last month, inflation eased for: – food and non-alcoholic beverages (4.6% YoY from 4.7% YoY in May); – housing […] Read more

Wells Fargo increases quarterly dividend to $0.40

Wells Fargo & Company (NYSE: WFC) said on Tuesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.40 per share of common stock. The latter represents an increase of 14.28% compared to the previous quarterly dividend of $0.35 per share. The dividend will be paid on September 1st to shareholders […] Read more