October 25, 2024 8:27 am
Singapore’s manufacturing output has increased at an annualized rate of 9.8% in September, while slowing sharply from a 22% YoY rise in August. Still, the latest data far exceeded market consensus of a 3.5% growth. In September, production of electronics slowed sharply, up 1.9% YoY after a 50% YoY surge in August. On the other […]
Read moreOctober 24, 2024 10:29 am
Beyond Inc (NYSE: BYON) said this week it intended to reduce its workforce by about 20%. Reductions are expected to be implemented in the fourth quarter of 2024. ”These actions were taken to strategically create a more variable, leverageable cost structure and create a more streamlined organization to align to its asset-light business that supports […]
Read moreOctober 24, 2024 8:37 am
Starbucks (NASDAQ: SBUX) said on Wednesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.61 per share of common stock. The latter represents an increase of 7.02% compared to the previous quarterly dividend of $0.57 per share. The dividend will be paid on November 29th to shareholders of record as […]
Read moreOctober 24, 2024 7:08 am
South Korea’s GDP has expanded 0.1% quarter-on-quarter in Q3 of 2024, following a 0.2% contraction in the second quarter, a preliminary estimate showed. Yet, the latest figure fell short of market consensus of a 0.5% growth. Economic growth was driven mostly by higher private and government consumption. Private consumption rose 0.5% quarter-on-quarter in Q3, as […]
Read moreOctober 23, 2024 9:43 am
Federal Signal Corporation (NYSE: FSS) said on Tuesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.12 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on December 2nd to shareholders of record as of the close of […]
Read moreOctober 23, 2024 7:14 am
Annual consumer inflation in Singapore has eased to 2% in September from 2.2% in August, data by Statistics Singapore showed. It has been the lowest inflation level since March 2021. The actual figure compares with market consensus of 1.9%. Food inflation has been the lowest in 31 months, at 2.6%, while easing from 2.7% in […]
Read moreOctober 22, 2024 10:35 am
Acacia Research Corporation (NASDAQ: ACTG) said on Monday that it had acquired Deflecto in a deal valued at $103.7 million. Under Acacia’s ownership, Deflecto will continue to be headed by its Chief Executive Officer, Ross Pliska, and the current management team. In the 12-month period ended August 31st, Deflecto generated revenue of about $131 million. […]
Read moreOctober 22, 2024 7:53 am
CMS Energy Corp (NYSE: CMS) said on Monday that its Board of Directors had authorized a regular quarterly cash dividend of $0.515 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on November 27th to shareholders of record as of the close of […]
Read moreOctober 22, 2024 6:45 am
Titan International Inc (NYSE: TWI) said on Monday that it had finalized the buyback of 8.0 million shares of common stock from MHR Fund Management in an all-cash deal valued at $57.6 million (or $7.20 per share). The transaction was approved by the Board of Directors, with no impact on the preexisting share buyback authorization, […]
Read moreOctober 21, 2024 8:23 am
The People’s Bank of China has lowered benchmark lending rates to fresh record lows, as it stepped up efforts to spur economic growth. The 1-year loan prime rate, a benchmark for the majority of corporate and household loans, was reduced by 25 basis points to 3.1% at the October fixing. The 5-year loan prime rate, […]
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