Express News | Volkswagen Has Significantly Written Down 21% Stake in Northvolt, Sources Say
Market Chatter: Goldman Sachs to Take $900 Million Hit on Northvolt Investment
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.