Sweden’s Alecta Cuts Stakes in 12 US Companies, Buys Nike Shares
The Swedish pension fund caught up in a banking crisis in the US has begun delivering on a promise to cut back on risk far away from its home market.
Bloomberg Business
Germany Backs Northvolt Plant in Boost for Europe’s EV Aims
Germany has pledged roughly €1 billion ($1.1 billion) in state support to Europe’s main battery maker Northvolt AB to build a plant in the country’s north in a win for the region’s electric-vehicle industry.
Tom Brady in Talks to Become Raiders Limited Partner, ESPN Says
Tom Brady is in talks with the Las Vegas Raiders to become a limited partner of the franchise, setting up the possibility of becoming a stakeholder in another local sports team alongside owner Mark Davis.
Court Probe of Adani Shortseller Saga Tests India’s Institutions
India’s top court and markets regulator are facing their biggest opportunity to show the country’s determination to police its most powerful companies as they investigate the bombshell allegations lobbed at the Adani Group by Hindenburg Research.
Iran Nuclear Monitors Express Concern After Inspections Plunge
Visibility into Iran’s nuclear program dimmed last year after the Persian Gulf nation removed cameras and surveillance equipment, raising international concern about the ability to carry out checks.
Orban Ramps Up Anti-EU Rhetoric by Asking ‘What’s the Point?’
Veszprem in Hungary is one of the European Union’s cities of culture this year, an initiative designed to foster cooperation and unity across the continent. On a visit there on Friday, Prime Minister Viktor Orban questioned whether there was a need for the EU at all.
Stock Traders Who Nailed Last Year’s Earnings Season See Few Signs of Market Trouble
Theories abound as to what sapped volatility from equities, everything from passive money flows to flat-out manipulation. But a simpler explanation is that investors look to the future and just don’t see anything worth freaking out about.
Sunak’s Tories Spy Possible Income Tax Cut If Workers Return
The UK will be able to fund a 2 percentage-point income tax cut if the government can lure hundreds of thousands of people who left the workforce during the Covid-19 pandemic to return, a key lieutenant of Prime Minister Rishi Sunak said.
Fake Billionaire Hedge Fund Manager Ran Ponzi Scam, US Says
A former Chicago commodities trader was arrested and charged with fraud for lying to clients about everything from a non-existent collection of 122 luxury cars to phony returns that exceeded 200%.
China’s Copper Woes Damp Spirits of Traders in Asia
Asia’s copper industry meets in Hong Kong next week to discuss a market that should be bursting with opportunities after China, the biggest consumer of the metal, called an end to the pandemic restrictions strangling its economy.
