Choppy finish on Stockholm Stock Exchange, SEB fell on higher capital requirements
The Stockholm Stock Exchange closed unevenly on Wednesday after weakening towards the end of the day. The performance was somewhat weaker than that seen on the leading European stock markets. SEB was in focus after the announcement of higher capital requirements from the Swedish Financial Supervisory Authority. Among the companies reporting results, Avarda Bank rose, […]
Bessent accuses major banks of discriminating against customers – BN
US Treasury Secretary Scott Bessent accuses major banks of having restricted customers’ access to financial services based on their views and lawful business activities. Bloomberg News reports. The statement follows a report from banking regulator OCC showing that major banks discriminated against certain customers through subjective assessments of reputational risks. According to Bessent, people from […]
Tessin’s bankruptcy petition for subsidiary stayed
Stockholm District Court has stayed the bankruptcy petition for investment platform Tessin Nordic because the parent company Tessin Nordic Holding lacks a board of directors and the petition was only signed by the CEO. The company has until October 20 to supplement the petition. A new board of directors is to be appointed at an […]
ASML sees continued strong demand in China
Semiconductor company ASML sees continued strong demand in China and believes it is unlikely that a major domestic competitor will emerge as long as the company can sell and service its products in the country. Reuters reports this. Despite US-led export restrictions that prevent the sale of ASML’s most advanced equipment, China is expected to […]
Apple seeks to have record $5.7 billion patent damages award overturned
Technology giant Apple has asked a federal judge in San Diego to overturn a patent ruling ordering the company to pay $5.7 billion to Taction Technology. Reuters reports this. A jury ruled on September 25 that Apple’s Taptic Engine vibration motor in the iPhone and Apple Watch infringes two of Taction’s patents. Apple believes the […]
Jio Platforms IPO opens on October 21 – BN
The planned IPO of Indian Jio Platforms comprises up to 270 million shares. The subscription period begins on October 21 and ends on October 23, Bloomberg News reports, citing parent company Reliance Industries. Institutional anchor investors may submit bids on October 19. The offering includes shares worth 25 billion rupees reserved for Reliance shareholders and […]
Fairfax Financial buys majority stake in India’s IDBI Bank for $5.4 billion – WSJ
Canada’s Fairfax Financial is buying a 60.7 percent stake in India’s IDBI Bank for 520 billion rupees, equivalent to approximately $5.4 billion. The Wall Street Journal reports. India’s government has approved the deal, under which Fairfax, controlled by billionaire Prem Watsa, is paying 81 rupees per share. The state and state-owned Life Insurance Corporation of […]
DNB Carnegie cuts its price target for Electrolux to SEK 26 (30), repeats its Hold rating
DNB Carnegie cuts its price target for Electrolux to SEK 26 (30), repeats its Hold rating
Goldman Sachs cuts price target for Telenor to NOK 145 (150), reiterates neutral – BN
Goldman Sachs cuts price target for Telenor to NOK 145 (150), reiterates neutral – BN
White Creek Capital no longer a public short seller in Huhtamäki
White Creek Capital has a short position equivalent to 0.46 percent of the capital in Finnish packaging manufacturer Huhtamäki. The position is therefore below the threshold for disclosure of individual short positions.
