Wednesday, 15 September 2010

15.09.2010

Nordic markets were basically flatlining for a second consecutive day. Russia’s and Norway’s foreign ministers have today signed a treaty of the Maritime Delimitation and Cooperation n the Barents Sea and the Arctic Ocean. Russian Duma and Norwegian Storting both need to ratify the treaty for it to become official. The long awaited intervention from Japanese monetary authorities came in today, for the first time in six years. The Yen climbed over 85 USD on the news. China is planning to further hike bank reserve ratio.

Scania is testing a new spoiler that may cut truck fuel emissions by 2%. Salcomp introduced: ”first chargers in the market in which the stand-by consumption is literally zero”. Nokia price targets were slashed now that near term value drivers are gone and investment banks got their rightful share from the bounce. The new Canadian CEO of Nokia Stephen Elop did make it to Nokia World event after all. AstraZeneca communicated today the FDA has extended the time to complete its review of its application for its experimental blood-thinner Brilinta until December 16th. Bionor’s sharp uptrend gained up speed today and the company share price rose nearly 25%.

HK Scan personnel cuts continue in both Finland and Sweden with another 250 in line to be butchered out of a job. The Norwegian Competition Authority agreed with the merger of between EDB Business Partner ASA and ErgoGroup AS. Finally, according to Danish TV2 report, employees of the Carlsberg brewery will need to breath into a breathalyzer to start the company beer trucks.

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