May 24, 2024 10:50 am
Accenture PLC (NYSE: ACN) said this week it had acquired Teamexpat, an embedded software specialist for complex high-tech products and systems, based in Eindhoven, the Netherlands. Teamexpat specializes in software development, testing and integration for lithography systems in the semiconductor industry. These systems make use of ultraviolet light to print the fine patterns on semiconductor […]
Read moreMay 24, 2024 9:14 am
FB Financial Corporation (NYSE: FBK), the parent company of FirstBank, has been upgraded to “Overweight” from “Equal Weight” at Stephens, after the group de-risked its balance sheet and cut its expense base, as it has infrastructure in place to support more economies of scale. According to Stephens analyst Russell Gunther, FB Financial Corp’s “construction and […]
Read moreMay 23, 2024 2:25 pm
Singapore’s economy expanded at the sharpest annual rate since Q3 of 2022 in the first quarter of 2024, a final estimate showed on Thursday. The nation’s GDP grew 2.7% year-on-year in Q1, while matching preliminary data and outpacing market consensus of a 2.5% growth. In Q1 of 2024, services sector growth picked up sizably (3.9% […]
Read moreMay 23, 2024 10:58 am
Xerox Holdings Corporation (NASDAQ: XRX) said on Wednesday that its Board of Directors had authorized a quarterly cash dividend of $0.25 per share of common stock. The dividend will be paid on July 31st to shareholders of record as of the close of business on June 28th 2024, the company said. The dividend was kept […]
Read moreMay 23, 2024 8:39 am
The Shyft Group Inc (NASDAQ: SHYF) said on Wednesday that it had inked an agreement with Amerit Fleet Solutions to provide 24/7 maintenance and support services for Blue Arc EV trucks across the United States. Blue Arc EVs will soon become available via a select network of dealerships, each staffed by technicians trained and certified […]
Read moreMay 23, 2024 7:13 am
The Bank of Korea left its base rate without change at a 15-year high of 3.5% at its May policy meeting, in line with market expectations. This way, borrowing costs were kept on hold for the eleventh consecutive meeting amid an economy demonstrating resilience and a gradually slowing but still elevated inflation, hovering above the […]
Read moreMay 22, 2024 1:40 pm
Annual consumer price inflation in South Africa has eased to 5.2% in April from 5.3% in March, data by Statistics South Africa showed. It has been the lowest inflation rate since December 2023. April has also been the 11th consecutive month, when the annual inflation rate remains within the South African Reserve Bank’s target range […]
Read moreMay 22, 2024 11:10 am
Lennox International Inc (NYSE: LII), a leader in energy-efficient climate-control solutions, said this week its Board of Directors had authorized a quarterly dividend of $1.15 per share of common stock. The latter represents a 4.5% increase compared to the previous quarterly dividend payment. The dividend will be paid on July 15th to shareholders of record as […]
Read moreMay 22, 2024 8:59 am
The rate of unemployment in Sweden was reported at 8.9% in April, up from 7.5% in the same month of the preceding year. The number of unemployed persons went up by 87,000 from April 2023 to 513,000, data by Statistics Sweden showed on Wednesday. In the meantime, the number of employed individuals rose by 3,000 […]
Read moreMay 22, 2024 7:34 am
The NZD/CAD currency pair scaled a fresh 21-week peak on Wednesday, after the Reserve Bank of New Zealand raised its forecast for peak interest rates and pushed back potential rate cuts, citing persistently high inflation. The central bank left its official cash rate unchanged at 5.5% for a seventh consecutive policy meeting in May, in […]
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