Truist initiates coverage of IBM with a Hold rating
Truist Securities initiates coverage of the US technology company IBM with a Hold rating and a price target of 240 dollars, according to Seeking Alpha. The research firm is positive on IBM’s position in enterprise IT, particularly in AI, hybrid cloud and consulting services, but is cautious about the short-term outlook. Following a weak second-quarter […]
Airbus reportedly receives order for eight freighter aircraft from Kalitta Air – Reuters
Aerospace giant Airbus has received an order for eight A350F freighter aircraft from US-based Kalitta Air, according to information provided to Reuters by three people familiar with the matter. The deal would mean that Kalitta Air, which is also a supplier to the US military, is choosing Airbus for the first time as an alternative […]
Bernstein cuts price target for Volvo Cars to SEK 16 (17), reiterates underperform – BN
Bernstein cuts price target for Volvo Cars to SEK 16 (17), reiterates underperform – BN
Malaysia raises minimum wage and expands tax relief in 2027 budget
Malaysia unveils a budget of 459.8 billion ringgit, equivalent to approximately 112.5 billion dollars, for 2027. This is an increase of 3.6 percent compared with this year’s revised budget, Reuters and others report. The minimum wage will be raised to 2,000 ringgit per month from 1,700 ringgit in June next year. Smaller companies with annual […]
OpenAI and Anthropic recruit former Trump officials to strengthen ties with the White House
The AI companies OpenAI and Anthropic are recruiting former officials from Donald Trump’s administrations to strengthen their relationships with the White House. CNBC reports. During the year, Anthropic has recruited at least two former Trump staffers, one to its board and one to oversee strategy for advanced computing capacity. OpenAI has meanwhile hired at least […]
Finnish fund assets amounted to EUR 223.9 billion in September
Finnish fund assets amounted to EUR 223.9 billion in September, according to the fund report from Suomen Sijoitustutkimus. Net inflows during the month amounted to EUR 327 million, while net inflows year to date amounted to approximately EUR 6.3 billion. Equity funds recorded net inflows of EUR 189 million and mixed funds EUR 148 million. […]
Witted Megacorp appoints Sami Ruotsalainen as head of operations in Finland
Witted Megacorp has appointed Sami Ruotsalainen as head of its Finnish operations and a member of the management team as of 12 October. He has worked within the group since 2017 and most recently led software development in Finland. The appointment comes amid an organisational change in which four business areas are brought under one […]
BMO initiates coverage of American Express with an outperform rating and a price target of 380 dollars
BMO initiates coverage of American Express with an outperform rating and a price target of 380 dollars
Former Deutsche Bank trader has conviction overturned
Former Deutsche Bank trader Christian Bittar has had his conviction for manipulating the Euribor benchmark interest rate overturned by a British appeals court, according to several media outlets. Bittar pleaded guilty in 2018 and served 23 months in prison before being released in February 2020. The court now finds that the conviction was not legally […]
Nordisk Games coordinates Avalanche and Supermassive under new agreement
Nordisk Games has entered into an agreement between its subsidiaries Avalanche Studios Group and Supermassive Games, under which Avalanche will be responsible for the global publishing, marketing and distribution of Supermassive’s games. Gamesindustry.biz reports. The collaboration begins with the game Directive 8020 and also includes shared resources in finance, human resources and IT. At the […]
