{
}
[Source: Bloomberg]
A Swedish MP has proposed the idea of establishing a Bitcoin reserve to the finance minister. This initiative aims to explore innovative financing options for the country, reflecting a growing interest in cryptocurrency within governmental financial strategies.
Polish insurtech startup Ominimo has secured its first external funding from Zurich Insurance Group, which acquired a 5% stake for €10 million, valuing the company at €200 million. Founded a year ago, Ominimo specializes in car insurance and has already signed 300,000 policies, achieving profitability in Hungary. With Zurich as its risk carrier, the firm plans to expand into over 10 markets, starting with Poland, Sweden, and the Netherlands.
Millicom International Cellular (NASDAQ:TIGO) has seen its price target raised by JPMorgan Chase & Co. from $33.00 to $41.00, indicating a potential upside of 38.84%. The stock currently holds a Moderate Buy rating, with a consensus target price of $35.58, while several analysts have upgraded their ratings. Recently, institutional investors have also increased their stakes in the company, which provides cable and mobile services in Latin America.
Swedbank AB (publ) has been downgraded by Citigroup from "strong-buy" to "hold," while Barclays has cut its rating from "hold" to "strong sell." The bank's shares opened at SEK 22.98, with a market cap of $25.85 billion and a PE ratio of 7.84. Analysts predict earnings per share of 2.34 for the current fiscal year.
Tesla's stock rebounded after reports that CEO Elon Musk will reduce his government role in the Trump administration. This comes as the company faced its worst sales quarter in three years, with global deliveries falling short of estimates at 336,681. Demand issues are evident, particularly in Europe, where registrations have significantly declined.
Tesla reported its lowest quarterly deliveries in over two years, with 336,681 units sold, as CEO Elon Musk's political involvement sparked backlash. Sales fell significantly in Europe and China, with European deliveries down 49% year-over-year, while competition from local brands in China intensified. Despite the challenges, Tesla hopes that the refreshed Model Y and potential new models will help revive sales.
UBS has set a cautious EUR/USD target of 1.07 for Q2, anticipating a pullback. While the Swedish krona (SEK) faces near-term vulnerabilities, increased defense spending by the Swedish government is expected to support its medium-term strength, limiting potential rallies against the euro.
UBS has set a EUR/USD target of 1.07 for Q2, anticipating a deeper decline in the pair. While the Swedish krona (SEK) faces short-term vulnerabilities, increased defense spending by the Swedish government is expected to bolster its medium-term prospects, limiting potential gains for the euro against the SEK.
BC de Genève aims to democratize its shareholder base by focusing on small investors. Meanwhile, CSS reported a 60% profit increase to CHF 62.7 million for 2024, driven by strong supplementary insurance growth, despite a loss in basic insurance due to rising benefit costs. Burkhalter Group has acquired Mathieu Ingenieure, enhancing its presence in the Valais energy sector.
SWE
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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United States Dollar
Tesla, Inc.
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SWE
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Dan Ives
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