Swedish bank SEB lines up bumper shareholder payout
By Niklas Pollard STOCKHOLM (Reuters) -Swedish bank SEB on Thursday proposed a bigger than expected annual shareholder payout in the form of ordinary and special dividends, though fourth-quarter net profit was marginally…
Swedish inflation soars in February, Riksbank under pressure
By Simon Johnson STOCKHOLM (Reuters) -Broad inflation jumped in Sweden in February, data showed on Wednesday, putting pressure on the central bank to hike aggressively at its next meeting in April and…
Swedish consumer, business sentiment inches higher in February
STOCKHOLM (Reuters) – Sentiment among households and businesses inched higher in Sweden in February, with house-builders and retailers bucking the trend, data from the NIER think tank showed on Friday. Consumer confidence…
Swedish think tank NIER predicts economy will contract by 1.1% in 2023
STOCKHOLM (Reuters) – Sweden’s economy will likely contract next year as high inflation and rising interest rates weigh on households and businesses, the National Institute of Economic Research (NIER) forecast on Wednesday.…
Swedish self-driving truck start-up Einride raises more cash
By Marie Mannes (Reuters) – Swedish electric self-driving truck start-up Einride said on Wednesday it had agreed to raise capital of $500 million from debt, equity and the conversion of earlier loans,…
Swedish prices have not risen more than motivated by costs, think tank says
STOCKHOLM (Reuters) – Swedish companies have not raised consumer prices by more than is motivated by the growing costs they face, a report published by the National Institute of Economic Research (NIER)…
Swedish central bank’s Floden says economy heading for soft landing
STOCKHOLM (Reuters) – Sweden’s economy will slow sharply next year, but the central banks still expects the landing to be relatively soft, Deputy Governor Martin Floden said on Friday. “The development in…
Swedish central bank set to hike policy rate to 2.5% this week, poll shows
By Simon Johnson STOCKHOLM (Reuters) – Sweden’s central bank is seen hiking its policy rate by three-quarters of a percentage point this week to get a grip on soaring inflation, a Reuters…
Swedish central bank’s Floden says underlying inflation pressure worrying
STOCKHOLM (Reuters) – A continued rise in underlying inflation is a worry, Swedish central bank Deputy Governor Martin Floden said on Tuesday. Underlying inflation was 7.9% in October compared to a year…
Swedish economy heading for ‘tough winter’, new finance minister says
By Johan Ahlander and Anna Ringstrom STOCKHOLM (Reuters) -The Swedish economy is heading into a recession next year, driven by rampant inflation and the war in Ukraine, the country’s new finance minister…
Exclusive-Philip Morris to get EU nod for Swedish Match with asset sale -sources
By Foo Yun Chee BRUSSELS (Reuters) -Marlboro maker Philip Morris is set to gain EU antitrust approval for its $16 billion bid for Swedish Match after offering to sell the target’s logistics…
Swedish manufacturing activity fell in Sept – Silf/Swedbank
STOCKHOLM (Reuters) – Activity in Sweden’s manufacturing sector contracted for the first time since the pandemic-hit summer of 2020 in September, compilers Silf and Swedbank said on Monday. The purchasing managers index…
Swedish economy set to grind to a halt as inflation bites
STOCKHOLM (Reuters) – Sweden’s economic growth will grind to a halt next year amid soaring inflation and interest rate rises, casting a pall over households and businesses as they prepare for rough…
Swedish business, consumer sentiment slides further in September
STOCKHOLM (Reuters) – Sentiment among households and businesses in Sweden darkened further in September from an already low level, data from the NIER think tank showed on Wednesday. Consumer confidence fell to…
Swedish inflation surge paves way for big Riksbank hike
STOCKHOLM (Reuters) – Swedish inflation surged again in August, with Wednesday’s statistics office data likely to force the central bank into an aggressive rate hike later this month and again in November.…
Philip Morris may lower Swedish Match offer threshold – Bloomberg News
By Marie Mannes Philip Morris is considering lowering the acceptance threshold on its bid for Swedish Match, Bloomberg News reported on Monday, citing people familiar with the matter. According to Swedish law,…
IKEA stores owner buys 49% stake in Swedish wind power projects
STOCKHOLM (Reuters) – Ingka Group, the owner of most IKEA stores worldwide, on Monday said it has agreed to buy a 49% stake in three wind development projects offshore Sweden from renewables…
We Tried Three Rare Swedish Made Berry Preserves, Cloudberry, Gooseberry and Lingonberry
If you’re into trying new things and foreign made culinary delights, Amazon is a great place to search and find those treats. Gardners can go one step beyond and try to grow…
Swedish police say they disarmed explosives found in Stockholm park
STOCKHOLM (Reuters) -Stockholm police destroyed a bag containing explosives that was found in a park in the Swedish capital late on Sunday night and are investigating further, they said on Monday. The…
Swedish economic growth set to slow significantly – finance minister
STOCKHOLM (Reuters) – Swedish economic growth is expected to slow significantly during the second half of the year as high inflation hampers economic activity, Sweden’s finance minister said on Thursday. “We are…
Iran arrests Swedish citizen on espionage charges
(Reuters) -Iran said on Saturday that it had arrested a Swedish citizen on espionage charges, the official IRNA news agency reported, after a court in Stockholm sentenced a former Iranian official for…
Swedish utility Vattenfall posts 54% profit rise
STOCKHOLM – Swedish utility Vattenfall reported a 54% rise in second-quarter operating earnings on Friday as higher electricity prices across the Nordic region, Germany and the Netherlands boosted sales. Underlying earnings before…
Saab wins SEK 7 billion order from Swedish defence
STOCKHOLM – Swedish defence materials group Saab said on Thursday it had won an order from the Swedish Defence Material Administration for its GlobalEye Airborne Early Warning and Control aircraft. Saab said…
Activity in Swedish services sector unchanged in May – Silf/Swedbank
STOCKHOLM – Activity in Sweden’s services sector was unchanged in May from April, data showed on Friday. The service sector purchasing managers index, PMI, stood at 68.2 points, far above the historical…
Urgent to tighten policy further, says Swedish central bank’s Floden
STOCKHOLM – Sweden has an urgent need for further policy tightening so that the central bank does not have to take even tougher measures further ahead, Deputy Governor Martin Floden said on…
Finland almost certainly to apply for NATO membership, says Swedish Foreign Minister
STOCKHOLM – Finland will almost certainly apply for membership in NATO, Sweden’s Foreign Minister Ann Linde told Swedish television on Sunday. Russia’s invasion of Ukraine has forced both Sweden and its eastern…
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