Baltic Dry Index rose 0.97 percent on Tuesday
The dry bulk index Baltic Dry Index rose 0.97 percent to 3,432 on Tuesday. The index is considered by many to be a good economic indicator as it measures the cost of shipping raw materials. The index’s record of 11,793 points was set in May 2008. The lowest level was recorded in February 2016 at […]
US employment (ADP) rose by 20,000 people per week over the past four weeks
US private-sector employment (ADP) rose over the past four weeks through September 5. ADP said on Tuesday. The number of employed people rose by an average of 20,000 per week over the past four weeks. The week before, the level was 16,250 people. Thus, the rate of increase rose for the third consecutive week.
Voestalpine targets 3 billion euros in railway revenue
Steel giant Voestalpine expects to increase revenue in Railway Systems from around 2.2 billion euros to approximately 3 billion euros by 2030/2031. The company said this ahead of today’s Capital Markets Day. Growth will be driven by global investments in railway infrastructure and digitalization. The group also wants to expand in aviation, warehouse solutions, and […]
Shape Robotics to be delisted from Nasdaq Copenhagen following bankruptcy
Danish Shape Robotics will be delisted from Nasdaq Copenhagen as a result of the company’s bankruptcy, according to an exchange notice. The last trading day is September 22. Trading in the share has, however, been halted since January 6 and will remain halted until the delisting. Earlier on Tuesday, it became clear that the bankruptcy […]
Sources: China investigating Deepseek and Moonshot after data leaks – The Information
China’s internet regulator CAC is investigating Deepseek and Moonshot AI following allegations that the companies sent sensitive user data to Anthropic’s Claude models. The Information reports, citing sources. The authority has interviewed executives and employees and is investigating how serious the violations were. No decision on potential sanctions has yet been made. Anthropic previously in […]
Aggregated short positions on the Stockholm Stock Exchange as of 22 September
The list of the 20 largest aggregated short positions in companies listed on the Stockholm Stock Exchange, according to the Swedish Financial Supervisory Authority’s short-selling register as of 22 September. The current list is compared with last week’s figures, as of 15 September. New in the top 20: None. Dropped out of the top 20: […]
Stora Enso considers closing plant in Kristinestad
Forestry company Stora Enso plans to concentrate production of corrugated packaging in Finland in Lahti and permanently close the production unit in Kristinestad. Finnish media report this, citing a press release. The plans entail change negotiations affecting around 50 people. Any potential closure would take place between May and September next year, while sales, customer […]
Dimon: US should not penalize India over Russian oil
Banking giant JP Morgan Chase CEO Jamie Dimon believes that the US should avoid measures against Russia that would also penalize India and the global oil market. He said this in an interview with CNBC TV18. Dimon points out that refineries are designed for certain types of crude oil, making it difficult to quickly switch […]
Goldsky Resources launches drilling program at Barsele
Mining company Goldsky Resources has launched an approximately 25,000-metre diamond drilling program at the wholly owned Barsele gold project in Sweden, according to a press release. The drilling will upgrade and expand the mineral resource and focuses on the Skiråsen, Central and Avan zones. The first rig started on September 16, and a total of […]
Doordash reaches $131 million settlement in New York
The food delivery company Doordash has agreed to a settlement with the City of New York worth $131.5 million following allegations of underpayments and delayed payments to food couriers. Of the amount, $12.3 million will go to around 264,000 couriers who were paid too little or too late, while $83 million concerns a dispute over […]
