November 29, 2024 9:05 am
Retail sales in Germany dropped at a monthly rate of 1.5% in October, after a revised up 1.6% surge in September, the latest data by the Federal Statistical Office showed. In comparison, a consensus of analyst estimates had pointed to a much smaller decrease, by 0.3%. In October, non-food sales went down 2.2% over the […]
Read moreNovember 28, 2024 2:50 pm
An indicator of business confidence in Sweden has risen to its highest level since August 2022 in November, data by the National Institute of Economic Research showed. The business confidence gauge came in at a reading of 98.3 in November, while improving from a revised up 95.2 in October. Yet, the indicator has remained below […]
Read moreNovember 28, 2024 10:12 am
Best Buy Co Inc (NYSE: BBY) said on Wednesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.94 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on January 7th to shareholders of record as of the close […]
Read moreNovember 28, 2024 8:28 am
The South Korean Won retreated against the US Dollar and South Korean 10-year Treasury yield fell to lowest level since March 2022, after the Bank of Korea cut interest rates for a second straight policy meeting in November, confounding market expectations of a pause. The Bank of Korea lowered its base rate by 25 basis […]
Read moreNovember 27, 2024 12:17 pm
Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said this week it had acquired Shepard Insurance Group based in Old Greenwich, Connecticut. However, the company did not disclose any financial details of the agreement. Shepard Insurance Group is a retail insurance broker, which serves high-net-worth clientele in the […]
Read moreNovember 27, 2024 10:10 am
Hafnia Limited (NYSE: HAFN) said on Wednesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.379 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on December 12th to shareholders of record as of the close of business […]
Read moreNovember 27, 2024 8:03 am
TOYO Co. Ltd (NASDAQ: TOYO), a solar solution company, said on Tuesday that it had secured a $150 million contract to supply high efficiency solar cells to a leading solar module manufacturer. Under the agreement, TOYO is to supply its cutting-edge solar cells to support the client’s expanding solar module production in both India and […]
Read moreNovember 26, 2024 1:47 pm
Citigroup has upgraded US Bancorp (NYSE: USB) to “Buy” from “Neutral”. Citi also raised its 12-month price target on the stock to $65.00 from $49.00 previously. According to Citigroup, US Bancorp has “turned the corner” on investment spend and is expected to return to positive operating leverage as expense growth moderates. Also, US Bancorp’s net […]
Read moreNovember 26, 2024 11:13 am
The shares of Scholar Rock Holding Corp (NASDAQ: SRRK) soared 26.07% on Monday, after an experimental, muscle-preserving drug by competitor Biohaven missed its goal in a Phase 3 study of people suffering from spinal muscular atrophy (SMA). taldefgrobep alfa, a regimen of Biohaven’s drug, and a standard SMA therapy failed to significantly improve motor function […]
Read moreNovember 26, 2024 10:18 am
DURECT Corporation (NASDAQ: DRRX) said on Monday that it had sold its ALZET line of osmotic pumps to Lafayette Instrument Co in a deal valued at $17.5 million. The company also said it had paid off all remaining obligations under the term loan agreement with Oxford Finance LLC. “As DURECT continues to prioritize developing larsucosterol […]
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