June 6, 2024 12:37 pm
The European Central Bank slashed its main refinancing operations rate by 25 basis points to 4.25% at its June policy meeting, as widely expected. Additionally, the deposit facility rate was reduced to 3.75%, while the marginal lending rate – to 4.5%. This has been the first cut in the ECB’s key interest rates since 2016 […]
Read moreJune 6, 2024 7:53 am
The jobless rate in the Russian Federation has decreased to a fresh record low of 2.6% in April from 2.7% in March, the latest data by the Federal State Statistics Service showed. The drop was mostly a result of labor shortages of skilled workers due to the emigration and mobilization of men for the military […]
Read moreJune 5, 2024 1:06 pm
Employers in the US private sector have added 152,000 jobs in May, data by Automatic Data Processing showed on Wednesday. This has been the slowest employment growth since January and it fell well short of market expectations of 175,000. In May, the service-providing sector added 149,000 job positions, as follows: – trade, transportation and utilities […]
Read moreJune 5, 2024 7:56 am
Singapore’s retail sales were reported to have decreased at an annualized rate of 1.2% in April, following a revised up 2.8% surge in the preceding month. April has marked the first drop in retail sales since December 2023 and also the most considerable one since February 2022. In April, sales were lower for furniture and […]
Read moreJune 4, 2024 3:06 pm
The number of job openings in the US was reported at 8.059 million in April, or a decrease by 296,000 compared to the prior month. It has been the lowest number of openings since February 2021 and fell well short of market expectations of 8.34 million. In April, job openings were lower in health care […]
Read moreJune 4, 2024 10:55 am
The seasonally adjusted jobless rate in Germany was reported at 5.9% for a sixth straight month in May, in line with market expectations. This has been the highest jobless rate in the EU’s largest economy in three years. The number of unemployed persons in the country rose by 25,000 to 2.762 million in May. This […]
Read moreJune 4, 2024 8:04 am
Annual consumer price inflation in Switzerland has remained stable at 1.4% in May, the latest data by the Swiss Federal Statistical Office showed on Tuesday. It has been the highest inflation rate since December 2023. Price increase accelerated for housing and utilities, by 3.8% YoY after a 3.3% YoY rise in April. Cost of transport […]
Read moreJune 4, 2024 6:39 am
Annual consumer price inflation in South Korea has decelerated to 2.7% in May from 2.9% in April, the latest data by Statistics Korea showed. It has been the lowest CPI inflation rate since July 2023. In comparison, market consensus had pointed to a slower CPI easing – to 2.8%. In May, prices increased at a […]
Read moreJune 3, 2024 1:19 pm
Donaldson Company Inc (NYSE: DCI) said on Friday that its Board of Directors had authorized a quarterly cash dividend of $0.27 per share of common stock. The latter represents an increase of 8% compared to the previous quarterly dividend of $0.25 per share. The dividend will be paid on June 28th to shareholders of record […]
Read moreJune 3, 2024 8:57 am
Hamilton Insurance Group Ltd (NYSE: HG) said that it had appointed Bradley E. Cooper to its Board of Directors as a shareholder director, replacing Antonio Ursano, effective June 1st. Cooper is a Managing Partner of Capital Z Partners, a private equity fund that invests primarily in the financial services sector. “I am pleased to welcome […]
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