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

Reuters2minutes ago

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

MT Newswires7minutes 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

Weekend news: The total amount of usa national debt exceeds 36 trillion dollars. Anthropic receives another 4 billion dollar investment from amazon. Tesla and Rivian reach a conditional settlement.

For more global financial news, please visit 24/7 real-time financial news. Market review last week: The Dow rose over 400 points to a new high, with all three major stock indexes recording gains for the week. On November 22, the top 20 US stock turnover includes reports that Tesla is preparing for the Cybertruck to enter the Chinese market. Popular China concept stocks had mixed performance on Friday, with Wanxiang Reburn increasing by 9.2% and pdd holdings falling by 3.9%. US WTI crude oil rose 6.5% this week, escalating tensions between Russia and Ukraine driving up oil prices. Spot gold rose 5.7% in five days, regaining the $2,700 level. European stocks collectively closed higher, with the German DAX 30 index rising by 0.8%.

Global market broadcast16:56 ET