Express News | Volkswagen Has Significantly Written Down 21% Stake in Northvolt, Sources Say

Reuters21minutes ago

Market Chatter: Goldman Sachs to Take $900 Million Hit on Northvolt Investment

MT Newswires27minutes ago

Is the Third Wave of AI Coming? Goldman Sachs Names Stocks Set to Benefit

In One Chart39minutes ago

Goldman Sachs: Singapore's inflation may continue to perform well in the future

Goldman Sachs economists said after the October CPI data was released that overall inflation and core inflation in Singapore may continue to perform well in the future. Goldman Sachs stated that coupled with the slowing momentum of strong growth in the third quarter, the Monetary Authority of Singapore may slightly lower the nominal effective exchange rate (NEER) policy range of the Singapore dollar in April 2025. The Monetary Authority of Singapore does not have an inflation target, but on average, the core inflation rate slightly below 2% is consistent with price stability in the economy.

Global market report.03:52 ET

Goldman Sachs: The pace of interest rate cuts in Asia will slow down due to the risk of US tariffs.

According to Goldman Sachs, due to the strong US dollar and the risk of tariffs imposed by the Trump administration, Asian central banks will be cautious in further loosening policies. The company's chief economist for the Asia-Pacific region, Andrew Tilton, stated that Goldman Sachs believes that the South Korea central bank will not cut interest rates further this week. Last week, Indonesian officials stated that due to the political situation in the usa, Indonesia has limited room to lower borrowing costs.

Global Market Report23:26 ET

Swedish battery manufacturer Northvolt filed for bankruptcy in the United States. Shareholder Goldman Sachs (GS.US) may incur a loss of 0.9 billion US dollars.

Media on Saturday cited a letter to investors stating that Swedish electric car battery maker Northvolt filed for bankruptcy protection earlier this week in the USA, causing Goldman Sachs to incur losses of nearly 0.9 billion US dollars.

Zhitong Finance22:41 ET