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Philip Morris raises forecast – Zyn boosts
American Philip Morris International, with brands such as Zyn and Marlboro in its portfolio, is raising its profit forecast. Sales successes for alternative products to cigarettes – such as the tobacco-free snus brand Zyn and the smoke-free tobacco product Iqos – contribute to the development.
Nordea's CEO sees positive signals
The major bank Nordea's share price surges significantly on the stock exchange following unexpectedly strong figures in the report for the third quarter. CEO Frank Vang-Jensen sees plenty of positive signals in Sweden – and the Nordic region.
Decreased profit for Nordea – but better than expected
Net interest income and profit are being pushed down for Helsinki-based major bank Nordea, but not as much as feared. Business volumes are stable and customer activity is good, according to CEO Frank Vang-Jensen.
Higher producer prices than expected in the USA
Producer prices in the USA rose by 1. 8 per cent year-on-year in September, according to a report from the USA's Labour Department.
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.
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.
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.
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.
Inflation falls in the USA
Inflation in the USA amounted to 2. 2 per cent in August according to the so-called PCE measure.
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.
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.
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". .
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.
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.
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.
Chinese interest rates remain unchanged
Chinese banks are leaving their one- and five-year interest rates unchanged in September at 3. 35 and 3.
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.
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.
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).
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.
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.
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.
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. .
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.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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