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American giant banks exceed expectations

The American giant bank JP Morgan Chase & Co reports a result per share of 4. 37 dollars for the third quarter.
American giant banks exceed expectations

Northvolt source: 150 million euros secured

Crisis-ridden Northvolt is holding talks with lenders and investors to raise 200 million euros, approximately 2. 3 billion Swedish kronor, according to several media outlets citing the news agency Reuters.
Northvolt source: 150 million euros secured

Apotea is heading for the stock exchange

The online pharmacy Apotea is considering listing the company's share on the Stockholm Stock Exchange as early as this year, reports news agency Bloomberg, citing several anonymous sources. The listing could bring in around 2-3 billion kronor, according to the sources.
Apotea is heading for the stock exchange

After the Giant's Profit Warning - More to Come

For the second time this year, car giant Volkswagen is forced to issue a profit warning. More similar announcements are to be expected for a crisis-stricken German car industry, according to an analyst.
After the Giant's Profit Warning - More to Come

Inflation falls in the USA

Inflation in the USA amounted to 2. 2 per cent in August according to the so-called PCE measure.
Inflation falls in the USA

Northvolt owner: The situation is serious

The battery manufacturer Northvolt's cash reserves need to be replenished. Major lenders are meeting today to discuss a new lifeline, according to the news agency Bloomberg.
Northvolt owner: The situation is serious

Luxury companies are booming after China's stimulus measures

This week, China's central bank announced a range of stimuli to boost the country's economy. This has caused luxury companies to surge on the stock exchange.
Luxury companies are booming after China's stimulus measures

Top Leadership in China Admits to Problems

One of China's highest governing bodies – the Communist Party's politburo – admits that the country is facing economic "problems". .
Top Leadership in China Admits to Problems

Unexpectedly Gloomy in Germany - Forecast Slashed

The German business climate deteriorates for the fourth month in a row and the decline is greater than feared, according to a monthly index from the analysis institute Ifo. At the same time, leading economic institutes in Germany are lowering their growth forecast for 2024 and 2025.
Unexpectedly Gloomy in Germany - Forecast Slashed

China Launches Massive Stimulus Package

China's central bank has launched a battery of stimulus measures during the night to Tuesday. The measures aim to get the Chinese economy going, so that the target of 5 percent growth can be achieved.
China Launches Massive Stimulus Package

Unexpected increase in German producer prices

Producer prices in Germany, the EU's largest economy, rose by 0. 2 percent in August compared to the previous month, according to the country's statistical agency Destatis.
Unexpected increase in German producer prices

Chinese interest rates remain unchanged

Chinese banks are leaving their one- and five-year interest rates unchanged in September at 3. 35 and 3.
Chinese interest rates remain unchanged

Northvolt's lenders hire consultant

Lenders to the crisis-stricken battery manufacturer Northvolt have now hired the investment bank PTJ Partners. The investment bank will provide advice on various scenarios that may arise due to the worsening liquidity problems at Northvolt, according to information to the news agency Bloomberg.
Northvolt's lenders hire consultant

VW to close car factory in China by 2025

The German vehicle manufacturer Volkswagen (VW), Europe's largest car manufacturer, plans to close a factory in Nanjing, China, which it operates together with the Chinese company SAIC Motor. Production may stop as early as 2025, reports the news agency Bloomberg, citing sources.
VW to close car factory in China by 2025

Unexpectedly large boost for USA's industry

Industrial production in the USA increased by 0. 8 percent in August compared to July, according to statistics from the USA's central bank Federal Reserve (Fed).
Unexpectedly large boost for USA's industry

Inflation in Canada at its lowest since 2021

Inflation in Canada fell to 2. 0 percent in August, according to the country's statistics agency.
Inflation in Canada at its lowest since 2021

Northvolt receives support from Volkswagen

Crisis-stricken Northvolt is supported by one of its major shareholders, German Volkswagen. To the news agency Bloomberg, a spokesperson states that the company is now backing Northvolt's production plans.
Northvolt receives support from Volkswagen

Gasoline price continues to fall – lowest in three years

The oil price continues to fall to levels not seen since 2021. For both central banks and consumers, it is welcome news.
Gasoline price continues to fall – lowest in three years

New tariffs on electric cars from China may be reduced

The EU is expected to adjust downwards in the near future the customs duties that are to be imposed on electric cars manufactured in China from November, reports the news agency Bloomberg, citing anonymous sources. .
New tariffs on electric cars from China may be reduced

ECB expected to initiate wave of interest rate cuts

The European Central Bank (ECB) is expected to lower its key interest rate by 0. 25 percentage points on Thursday.
ECB expected to initiate wave of interest rate cuts

OPEC and Russia may postpone oil production increase

Government representatives in the Opec-plus alliance – which includes Saudi Arabia, Russia, and other major oil-producing countries – have initiated a discussion about postponing a planned increase in oil production, reports news agency Bloomberg, citing anonymous participants in the discussions. Currently, there is a plan for increased production in October, but it is now being questioned as crude oil prices have fallen sharply on the global market.
OPEC and Russia may postpone oil production increase

The Service Sector Loses Momentum

The Purchasing Managers' Index for the private service sector in August fell unexpectedly to 52. 9, from 53.
The Service Sector Loses Momentum

Turkey Applies for Membership in Brics

Turkey has applied for membership in the Brics alliance, according to sources for the news agency Bloomberg. The information has not yet been confirmed by the Turkish government or by any other member country.
Turkey Applies for Membership in Brics

The Swedish economy is stalling - "no clear turnaround yet"

Swedish economy is losing ground and during the second quarter, Sweden's gross national product (GNP) decreased by 0,3 percent, show new figures from SCB. We see no clear turnaround yet, says Alexandra Stråberg, chief economist at Länsförsäkringar.
The Swedish economy is stalling - "no clear turnaround yet"

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