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The Council of States has approved a free trade agreement with India, presenting significant opportunities for Switzerland's export-driven economy, particularly in machinery, watchmaking, and pharmaceuticals. However, concerns arise over sustainability, patent law, and the trade of war materials, with critics questioning the adequacy of oversight and the commitment to ethical investment practices. The agreement includes a pledge of $100 billion to create one million jobs in India, but the source and conditions of this funding remain unclear.
BYD has launched its Sealion 07 EV in Norway, marking the company's seventh model available in the country. Priced at NOK 469,900 ($42,150), the Sealion 07 is the first to utilize BYD's latest e-Platform 3.0 Evo, following its recent debut in Germany.
Norway’s Orkla ASA is contemplating a $400 million IPO for its Indian business, potentially filing in Mumbai next quarter. The company aims for a valuation exceeding $2 billion and is currently working with advisers on the share sale, with a decision expected in 2025. An Orkla spokesman noted that preparations for accessing the Indian capital market are progressing positively.
California has achieved a significant milestone with over 2 million electric vehicle (EV) sales, representing 26.4% of the state's new auto market. In the third quarter, EV sales accounted for 39% of the total U.S. EV sales, highlighting California's leadership in the sector despite a slight decline in overall vehicle sales. The state's robust charging infrastructure, bolstered by federal funding, is crucial for continued growth in EV adoption.
Norsk Hydro shares rose over 3% in London following the company's 2024 Capital Markets Day, where UBS reaffirmed its Buy recommendation with a target price of NOK 85. While the event delivered mixed news, it provided encouraging insights on capital allocation and minority dividends.
DNB Bank ASA is seeking to expand its use of significant risk transfers (SRTs) to mitigate credit risk, according to CFO Ida Lerner. The bank is considering additional deals, although any future SRT transactions will require regulatory approval.
Norsk Hydro ASA stands as a prominent global player in aluminum and energy production, with sales activities divided into aluminum production and refining (18.4%), aluminum product manufacturing (42.7%), aluminum sales and trading (36.5%), and energy production (2.4%). Geographically, the company generates revenue from various regions, including the United States (22.8%), Europe (14%), and significant contributions from countries like Germany (10.9%) and Brazil (5.4%).
Norsk Hydro's stock rose nearly 3% following its CMD 2024 and a positive analysis from UBS, which maintained a buy recommendation with a target price of 85 Norwegian kroner. While the investor day yielded mixed conclusions, UBS noted encouraging visibility on capital allocation and minority dividends.
Norsk Hydro's stock rose nearly 3% following its CMD and a favorable analysis from UBS, which maintained a buy recommendation with a target price of NOK 85. While the investor day yielded mixed news, UBS noted improved visibility on capital allocation and minority dividends as positive developments.
Norsk Hydro's stock rose nearly 3% following its CMD and a favorable analysis from UBS, which maintained a buy recommendation with a target price of NOK 85. While the investor day yielded mixed news, UBS noted encouraging visibility on capital allocation and minority dividends.
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Switzerland and India forge free trade agreement amid sustainability concerns
16:05 03.12.2024
BYD launches Sealion 07 electric vehicle in Norway expanding European offerings
21:16 29.11.2024
Orkla plans up to 400 million dollar IPO for Indian business
07:20 29.11.2024
California achieves 2 million electric vehicle sales with 26.4 percent market share
18:29 28.11.2024
Norsk Hydro shares rise as UBS maintains buy recommendation after investor day
17:00 28.11.2024
DNB Bank seeks to expand significant risk transfers after initial success
14:42 28.11.2024
rsk hydro reports strong performance in aluminum and energy sectors
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14:00 28.11.2024
rsk hydro shares rise after positive cmd and analyst outlook
13:56 28.11.2024
Norsk Hydro stock rises after positive UBS analysis and CMD 2024
13:51 28.11.2024
Norsk Hydro stock rises after positive UBS analysis and CMD 2024 results
13:51 28.11.2024
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