Category: Sweden Market

Instantly update and podcast Sweden Market News and Analysis from varies financial media and provide a sitemap with financial news summary & link to latest Sweden Market News for the one who wanted to catch up Sweden Market change in timely manner.

Why the Calix (ASX:CLX) share price is surging 8% higher this morning

The Calix Ltd (ASX: CXL) share price is surging higher today following the announcement that it has partnered with a Swedish company to begin a pilot energy storage system.During the first minutes of market open, the tech company’s shares were up 14.6% to $2.35. At the time of writing, they have retreated to $2.21, up 7.8%.Let’s take a closer…

International Petroleum Corporation Announces Updated Share Capital

VANCOUVER, British Columbia, Feb. 26, 2021 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) reports the following, in accordance with the Swedish Financial Instruments Trading Act:Following the exercise of stock options by Lukas H. Lundin during February 2021, the number of issued and outstanding…

Fintech firm Klarna is raising $1 billion at a $31 billion valuation, sources say

The logo of Swedish payment provider Klarna is shown on the display of a smartphone on April 22, 2020 in Berlin, Germany.Thomas Trutschel | Photothek | Getty ImagesLONDON — Klarna is close to finalizing a $1 billion funding round that would give the Swedish fintech company a valuation of $31 billion, two sources familiar with the matter told CNBC.The…

Sweden will soon be home to a major steel factory powered by the ‘world’s largest green …

fanjianhua | Moment | Getty ImagesA Swedish firm backed by investors including Spotify founder Daniel Ek plans to build a steel production facility in the north of the country that will be powered by what it describes as “the world’s largest green hydrogen plant.”H2 Green Steel, which was established in 2020, will focus on steel made using a “fossil-free…

Asian countries are learning to cope with Chinese bullying

Feb 27th 2021HONG KONG, SEOUL and SYDNEYIF YOU ARE Australian and love lobster, it is the time to indulge. Fishermen are almost giving lobsters away off the back of their boats. High-class restaurants and banqueting halls in China once provided by far the biggest market for lucrative live exports, until the Chinese authorities instituted a sudden…

SAS posts further losses as pandemic still squeezes airlines

For its first quarter, SAS booked a net loss of 2.05 billion Swedish kronor compared to a loss of 861 million Swedish kronor a year earlier, the company said. — AFP picSubscribe to our Telegram channel for the latest updates on news you need to know.STOCKHOLM, Feb 25 — Scandinavian airline SAS reported today a wider quarterly loss, driven by the…

Geely and Volvo to launch powertrain venture after merger scrapped

Business China’s Geely Automobile and its Swedish sister company Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations and expand cooperation on electric vehicles, the companies said. FILE PHOTO: A building of the Geely Auto Research Institute is een in Ningbo, Zhejiang province, China August 4,…

Klarna transactions value jumps amid ‘buy now, pay later’ boom

By Supantha Mukherjee2 Min ReadSTOCKHOLM (Reuters) – Swedish “buy now, pay later” company Klarna on Thursday reported a jump in transactions using its platform and in net operating income in 2020, helped by its expansion in the United States and other markets.FILE PHOTO: A smartphone displays a Klarna logo in this illustration taken January 6,…

Klarna operating income rises on U.S. growth

By Reuters Staff1 Min ReadFILE PHOTO: A smartphone displays a Klarna logo in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File PhotoSTOCKHOLM (Reuters) – Swedish “Buy now, pay later” company Klarna on Thursday reported a 40% increase in net operating income in 2020, helped by its expansion in the United States and…

Geely, Volvo Shelve Merger Plan, Agree to Deeper Collaboration

China’s Geely Automobile Holdings Ltd. and its Swedish affiliate Volvo Cars will expand cooperation on electric and self-driving vehicles while putting off their merger plan, the companies said Wednesday.The two companies a year ago said they planned to merge and list the combined entity in Hong Kong and Stockholm. But instead Geely is now seeking…

Klarna said to raise up to $1 billion at $31 billion valuation

Klarna Bank AB is raising funds valuing the Swedish fintech startup at around $31 billion, roughly tripling the company’s valuation after its most recent round in September.The Stockholm-based company is raising around $800 million and up to $1 billion, the people said, adding the round could be announced in the coming days. Existing investors are…

Swedish alt-milk brand Oatly seeks $10bn US stock market listing

Fashionable Swedish alt-milk brand Oatly is seeking a US stock market listing that could value the business at as much as $10bn (£7.1bn).Malmö-based Oatly is riding high as global demand for plant-based milk alternatives soars. The flotation follows last summer’s sale of a minority stake to a starry group of investors that included US private equity…

Sweden’s Klarna to report sales surge as U.S. growth takes off

By Supantha Mukherjee2 Min ReadSTOCKHOLM (Reuters) – Sweden’s Klarna is on track to report a more than 40% jump in the annual value of transactions carried out on its payment platform to over $50 billion as more consumers move online during the COVID-19 pandemic, its chief executive said.FILE PHOTO: A smartphone displays a Klarna logo in this illustration…

Sweden’s Ericsson is getting ready to face new US-backed telecoms gear challengers

Swedish telecommunications equipment giant Ericsson says the virtual duopoly it is enjoying in some Western markets since the exclusion of Huawei Technologies Co will not last forever.Ericsson and Finland’s Nokia are thriving in markets, including the US and the UK, since their powerful Chinese competitor was barred from 5G wireless supply deals worth

Bitcoin ETF Sellers in Sweden Urged to Avoid Average Consumers

(Bloomberg) — Sweden’s financial watchdog has told investment firms and banks to think twice before selling exchange-traded crypto-tracking products to average consumers. The Financial Supervisory Authority in Stockholm said it will take action against companies that sell the risky, complex instruments to retail investors who don’t understand what they’re…

Swedish Inflation Rises to Highest in More Than a Year on Energy

Article content (Bloomberg) — Swedish inflation rose to the highest level in more than a year in January, driven by energy prices, a temporary spike that the Riksbank is expected to largely ignore. The annual rate of consumer prices used for targeting inflation by the central bank rose to 1.7%, from 0.5% in December, Statistics Sweden said Thursday.

Northvolt to invest $200 mln in new Polish battery plant

Article content STOCKHOLM — Swedish lithium-ion battery maker Northvolt said on Friday it will invest $200 million in a new energy storage systems factory in Gdansk, Poland. China currently hosts roughly 80% of the world’s lithium-ion cell production, but with demand expected to soar over the next decade Europe’s capacity is set to expand quickly. “Securing

Cint shares jump 30% Nasdaq Stockholm debut

Article content STOCKHOLM — Shares of Swedish consumer research firm Cint jumped nearly 30% on its debut on Nasdaq Stockholm on Friday, signaling the market for initial public offerings remains strong ahead of upcoming listings later in the year. Shares rose to 92.50 crowns in early trading, above the offering price of 72 crowns. The listing, one
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