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.
Express News | Market news: Morgan Stanley has obtained regulatory approval to establish its Middle East headquarters in Saudi Arabia. Previously, Citigroup, Goldman Sachs, and other Wall Street giants have already "expanded their presence" in Saudi Arabia.
Express News | November was a busy month for foreign investment research, with blackrock, goldman sachs, morgan stanley, and others all taking action.
Express News | Goldman Sachs fund will bear the 0.9 billion USD loss of the Swedish battery manufacturer Northvolt.
Express News | Goldman Sachs Takes $900Mn Hit on Northvolt Investment - FT
CSI Commodity Equity Index overview: oil prices rise, geopolitical tensions escalate, gold prices increase, copper prices continue to fall for eight consecutive weeks.
Crude oil prices are rising due to heightened geopolitical tensions from Russia to Iran, while the strengthening stock market increases the attractiveness of risk assets. Gold prices also received a boost from safe-haven demand and are expected to record the largest weekly gain since March of last year. London copper is facing an eight-week decline, likely setting the longest weekly losing streak since 2019, as the rising dollar puts pressure on csi commodity equity index priced in dollars. Crude oil: WTI has risen over 6% this week due to the intensified geopolitical tensions between Iran and Russia.