BlackRock economist tipped as candidate for Bank of Canada governor – BN
BlackRock economist Jean Boivin is being tipped as one of the leading candidates to succeed Tiff Macklem as governor of the Bank of Canada. Bloomberg reports this following conversations with economists, former central bank governors and other experts. Boivin heads the BlackRock Investment Institute and was deputy governor of the Bank of Canada in 2010-2012, […]
Merz: Germany’s economic recovery to continue next year
German Chancellor Friedrich Merz expects the country’s economic recovery to continue in 2027, while the government’s council of economic experts raises its growth forecast. Bloomberg News reports. Merz describes the development as positive for both companies and households, but emphasizes the need for responsible fiscal policy to retain the country’s top credit rating, AAA. The […]
Senzime board member Adam Dahlberg buys shares for SEK 3.6 million
Adam Dahlberg bought 1 million shares in medical technology company Senzime on 11 November, where he is a board member and a major shareholder. The shares were bought at a price of SEK 3.55 per share, a transaction worth SEK 3.55 million. The transaction was carried out on Nasdaq Stockholm. This is according to the […]
Munters invests approximately SEK 365 million to increase data center capacity
Climate control company Munters is investing in increased capacity and a strengthened supply chain for its data center operations in the US and Europe, according to a press release. The company is investing USD 9.5 million, approximately SEK 90 million, for a 45 percent stake in a new joint venture with Lordan in the US. […]
Holdings: Bico’s former major shareholder Sartorius has sold its entire holding
German Sartorius, which was previously a major shareholder in biotech company Bico, has now sold its entire shareholding and thereby left the shareholder register. This is according to the latest monthly update from the ownership service Holdings. Sartorius has sold its final 917,473 shares and, as of November 9, holds no shares in Bico. On […]
ECB policymaker Nagel warns of serious economic consequences of populist policies
Bundesbank President and ECB Governing Council member Joachim Nagel warns that the economic proposals of certain populist parties in Europe could have serious consequences if implemented. He describes the policies as tantamount to economic suicide, Bloomberg News reports. Nagel did not single out any specific parties but referred, among other things, to political movements in […]
Sources: Cinven weighs sale of True Potential for several billion pounds – BN
Private equity firm Cinven is exploring the possibility of selling British asset manager True Potential, which could be valued at several billion pounds. Bloomberg News reports, citing sources. Cinven, which acquired a majority stake in the company in 2021 at a reported valuation of up to 2 billion pounds, has held initial talks with potential […]
Iran refuses to remove enriched nuclear material from the country
Iran will not remove any enriched nuclear material from the country. The country’s security chief Mohsen Rezaee said this in an interview with Al Mayadeen, Bloomberg News reports. According to Rezaee, Iran has informed Russia that the material will be used for domestic purposes, including to develop nuclear-powered ships and submarines. He also warns that […]
AI stocks rise in premarket trading – Nvidia rebounds nearly 5 percent
AI-related stocks recovered in U.S. premarket trading on Wednesday after Tuesday’s decline, after AI cloud provider Coreweave raised its full-year revenue forecast and said the company is expected to become profitable in 2028. Coreweave rose around 14 percent. Nvidia advanced 4.9 percent, following a sharp decline in its share price in recent days, while AMD […]
Coreweave lifts AI stocks in premarket trading – Nvidia rebounds nearly 5 percent (Updated)
AI-related stocks recovered in U.S. premarket trading on Wednesday after Tuesday’s decline, following AI cloud provider Coreweave raising its full-year revenue forecast and stating that the company is expected to become profitable in 2028. Coreweave rose around 14 percent. Nvidia advanced 4.9 percent, after a sharp share-price decline in recent days, and AMD was up […]
