Friday, 24 February 2012
Statoil, together with partner Exxon Mobil made a gas discovery in
Tanzania in the first exploration well in Block 2. The finding is
described as large.
Wednesday, 22 February 2012
Volvo Cars Corporation and the company's Chinese owners, Geely are
planning to start a Chinese joint venture that will develop and produce
cars for the domestic market.
Wednesday, 22 February 2012
The Danish banking sector which is really struggling is still in the
ditch seeking a way up rather continuing digging. But it does not look
like the later is happening.
Monday, 20 February 2012
The Danish banking crisis continues as Vestjysk Bank has completed a
conversion of state loans, and interest thereon, into shares after
which the Danish state took over the majority shareholding in the bank. Sales of Sony Ericsson completed
Thursday, 16 February 2012
Ericsson's sale of stake in Sony Ericsson has been completed on 15
February. Nordic
Mines stressed by increasing lossesHuge loss for Active Biotech
Thursday, 16 February 2012
The biotechnology company Active Biotech has recorded a profit after
tax of Skr-73.5 million for the fourth quarter of 2011 (-29.3).
Nokia still remains on top as number
one mobile phone maker but…
Wednesday, 15 February 2012
Nokia retained on the top spot in the global mobile phone market with a
market share of 23.4 percent in the fourth quarter, down from 27.1
percent the same period last year and down from 23.9 percent in the
third quarter of 2011. Alfa Laval wins SEK 120 million
power order in Russia
Military hardware company, Saab reported a profit before tax of Skr622
million for the fourth quarter of 2011. This compares with
Skr192miullion for similar period a year ago.
German nuclear energy policy hard
pressed Vattenfall’s year
Thursday, 09 February 2012
Metro's main shareholder Kinnevik, with about
46.6 percent of the shares and 42.4 percent of the vote, is reported to
be making a bid for the remaining shares in the free give away
Newspaper group.
To pay for
coffee at a diner in Reykjavik, the capital of Iceland with the dollars
could become a reality in the nearest future. We have found out that
there is a serious discussion on that Iceland wants to adopt the dollar
- the Canadian dollar. But reports hold that the issue is sensitive.
Tuesday, 28 February 2012
Swedish food sales in the UK have risen by almost 30percent in the past
five years, with Norway and Denmark also reporting an increase in
exports destined for our dining tables. So why is Scandinavian cuisine
getting so popular here? Get the answer by reading this BBC report (external source)
Monday, 27 February 2012
The Turkish investment company, Brightwell Holdings, which had shown
interest in buying over the bankrupt Saab automobile, is reported to
have withdrawn its bid. The company which was confident that GM could
be convinced has now said that GM, which owns technology licenses and
rights of some Saab plaforms has proved unwilling to cooperate
according to spokeman Zamier Ahmed.
Monday, 27 February 2012
Saab climbs three places up the list of world's largest arms
manufacturers, according to figures provided by research institute
SIPRI published Monday. World trade in military equipment continues to
increase unaffected by the current recession.
Monday, 27 February 2012
Telecom giant Ericsson increased its market share significantly in the
last year, according to CEO Hans Vestberg. But even rival Huawei is
growing and the Chinese company is using price as its competiveness
strategy.
Monday, 27 February 2012 Consumers'
confidence in the Finnish economy increases, according to latest
official data but the hope that those unemployed will find a job this
year is very bleak.
Monday, 27 February 2012
Sales of Nokia Lumia in the U.S. have exceeded expectations, as more
phones where launched today. But investors are still worried about the
price of the phones and there are questions about its competitiveness
when other such as Sony just threw themselves int the mix.
Monday, 27 February 2012
Swedish foreign Minister, Carl Bildt has been exposed once again in
another strange side of things by another Wikileaks leaks. In one of
its recent releases, Bildt is reported to have considered that Sweden
should become a superpower, that Putin is a "chetnik" and that Bildt is
in intense disagrees with French president, Nicolas Sarkozy.
Monday, 27 February 2012 On Monday morning air traffic to and from Landvetter airport, in Gothenburg, Sweden resumed after four hour stoppage on Sunday.
Sunday, 26 February 2012
The divorce of Sony from Ericsson was already realised about two weeks
ago and Sony Mobile will become the part of the big Sony family. Focus
on quality and content will not come cheap. But with Sony’s strategic
power, there is the chance that such will not be a big deal for the
company.
Sunday, 26 February 2012
Last week, a record number of flu cases were reported in Sweden
indicating a period where a record number of Swedes fell sick. The
Swedish disease Control estimates that about 100,000 people may have
been sick since then.
Top officials of Swedish commercial banks such as CEO of SEB, Annika
Falkengren live lavishly while hard workings CEO of other sectors
struggle to be relevant. Does it means that the banks are more
productive than – say Saab which is struggling in bankruptcy? What is
the productivity capacity of banks or are bankers just using their
position to control other people’s money and to become greedy?
Swedish FSA (Finansinspektionen - FI) warning list of scam companies
that engage in so-called investment fraud grew last year at a record
pace. And nothing suggests that such activities will decrease in the
coming months.
Friday, 24 February 2012
With the new party leader in the man of Stefan Löfven at the helm, the
Social Democrats in Sweden which has been limping and playing the
second fiddle behind the Conservatives and the bourgeoisies government
seems to be seeing a change in fortune recent opinion polling. The
party’s opinion interest rose by 5.6 percentage points to 29.3 percent
in February in an Ipsos survey for the Swedish newspaper, Dagens
Nyehter.
Friday, 24 February 2012
Newspaper circulation in Sweden continues to decline but free
newspaper, Metro in turn, increase its circulation as well as the
Swedish business daily Dagens Industri.
Friday, 24 February 2012
Volvo Cars, was reported recently to have made a concrete offer for the
machinery and equipment belonging to Saab Automobile plant in
Trollhättan, near Gothenburg.The plan was to rip it off and ship it to China
The Manager of the Swedish tax authority, Ingemar Hansson thinks that
the current Swedish tax system makes it too difficult to do the right
thong. Speaking t the Swedish business daily,
Dagens industri, he believes that there must be some changes in the nearest future.
Swedish-Danish North Post, the Swedish and Danish Post office’s parent
company, reported a hefty increase in profits for last year but at the
same time it was flagging for a major adjustment to adapt to market
developments.
Thursday, 23 February 2012
Despite the fact that the Swedish students get funding from their
government funding body, CSN, that process of funding is becoming
unaffordable for the students.
This week, there will be the completion of what could be described as
the last Saab cars. These are about 47 convertibles, which were almost
finished and then interrupted as Saab went into bankruptcy.
Wednesday, 22 February 2012
As the Swedish commercial banks raised their interest margins sharply
last year, the flip effect is that Swedish household debt grew by five
percent in 2011. One argument for that is the growth of variable
mortgages which are described as cheap. There is called to review these
“cheap” mortgages in the future
Wednesday, 22 February 2012
German carrier, Lufthansa's traffic to the Scandinavia and the Baltic
countries last year rose by a fifth signalling that Norwegian, the
Norwegian budget airliner, might not be the only challenger to SAS.
Swedish military capabilities As the weapons
trade industry remain lucrative and the fears that their market share
would be swallowed by others, it has become hard for Sweden to fully
pull out of the market. This why there is growing disagreement among
the officials here about how to stop the so-called sales of weapons to
undemocratic states.
Wednesday, 22 February 2012 Sweden is among
the world's largest exporters of military equipments. When such exports
are analysed in terms of sales per population, Sweden is even number
one.
The bankruptcy administrators managing Saab automobile’s bankruptcy
estate are talking to six or seven parties who are interested in a
complete solution for bankrupt Saab Automobile's estate. But there is
also a group of stakeholders who would consider parts of the estate.
Tuesday, 21 February 2012
The Swedish krona is too expensive. This is according to analysts who
expect the currency to now moving toward weaker times. But the Swedish
central bank or the Riksbank's forecast is pointing to another
direction.
Tuesday, 21 February 2012
Scandinavian airliner, SAS has officially been confirmed that its
finances are under stress because its credit rating has been downgraded
and it has been placed at negative from stable.
The level of
emigration from Sweden was greater last year than during the 1800s
highs. This means that the amount of Swedish people who left their
country to live in another country last year was at record high that
before.
Monday, 20 February 2012
The big Swedish companies are now talking of their economies and
operating environments not as rosy as one would have expected. As such
their economies are failing - but so far no major cuts have had an
impact on a broad front.
Monday, 20 February 2012
Chinese company that wants to buy Saab automobile, Youngman is reported
to have placed a strong new bid to take over Saab automobile which is
currently under bankruptcy management.
The Swedish Social Democrats' party’s new leader, Stefan Löfven has
lifted his party 4.6 percentage points in less than a month, according
to new opinion polls. This show a direct contrast with this
predecessor, Håkan Juholt, whose arrival at the head of the party only
led to the party to keep on sliding.
Sunday, 19
February 2012 Several foreign
journalists who have sought asylum in Sweden are exposed to threats and
harassment by pro-government henchmen from their countries of origin.
This is done through conversations and letters which contain threat
such that the dissident journalists sought refuge in police custody.
Recent studies have shown that the Swedes are getting fatter and this
has been blamed on the increased consumption of unhealthy or fast food.
As such, there have been increased campaigns to educate people on the
dangers of eating fast food. Has that had any effect? Nej!
Friday, 17 February
2012 Iceland is
gradually coming back to its original position – greatness as credit
rating agency, Fitch raises Iceland's credit ratings to BBB-.
Friday, 17
February 2012 Asylum seekers
and undocumented migrants should be entitled to healthcare as son as
possible. This is the view of more than 60 different pressure
organizations, including Health Professionals and the Red Cross calling
on the government to make that happen.
Friday, 17 February 2012
The Norwegian airline, Norwegian Air Shuttle reported a
profit before
tax of minus Nkr188 million for the fourth quarter. Besides that the
boss, Bjorn Kjos feels buoyant about the future for the company
especially counting on mass bankruptcy of competitors.
Friday, 17 February 2012
The weak economies of the Southern European countries' means that
workers in the healthcare industry are looking for work in places such
as Finland.
Friday, 17
February 2012 Europeans think
that the EU and its national administration are corrupt, writes the
Brussels newspaper European Voice on the basis of a recent survey.
Friday, 17
February 2012 Finland is to
suspend aid to the Central American state of Nicaragua after decades of
development cooperation but to concentrate on helping a smaller number
of countries, including Ethiopia, Kenya, Mozambique, Nepal, Zambia and
Vietnam.
Friday, 17 February 2012
Aalto University, Finland has been recently classified as the best
training institute for economics and degree programs in engineering,
according to investigation carried out in the country’s institutions
recently.
Thursday, 16 February 2012
The only real black Swedish politician and current deputy
Minister of
Education and gender and member of the Liberal Party, Nyamko
Sabuni,
in reported that she will leave politics after the next election,
no
matter the outcome.
Thursday, 16
February 2012 Last
year 42 000 motorists were fined for talking on a cell phone without
hands free, representing a doubling in four years.
Thursday, 16 February 2012
As the Swedish
central bank lowered its key interest rates today, the
state mortgage lender SBAB, has reacted immediately by lowering its
short-term mortgage interest rates today by 0.15.
Thursday, 16
February 2012 The Greek
crisis has reached a high point of real war of words with Finland
coming into the mix. The Greek president Papoulias last night
attacked
Finland and asked the question “Who is Finland to criticize us?”
Thursday, 16 February 2012
The Swedish central bank, the Riksbank has decided to cut its repo rate
by 0.25 percentage point to 1.50 percent from 1.75, driving by slowing
economic activities.
Photo: Radio Sweden Swedish
Minister for Education, Jan Björklund was on Wednesday attacked by an
Israeli settler during a visit to Hebron, in the West Bank. But
Bjorklund escaped without physical injury as his bodyguards stepped in
and foiled the attack.
Thursday, 16 February 2012
Swedish big banks earned nearly a quarter of a billion kronor a day
during the past year. The Earnings crowns rained especially over state
owned banks Nordea with CEO Christian Clausen.
Wednesday, 15 February 2012
The holistic view of the economic situation is marked by
continued
uncertainty, but pessimism has decreased and there are signs of
stabilization.
Tuesday, 14 February 2012
As the heavy cloud over the European economy gets thicker and darker,
SEB's economists predict that even Swedish economic growth will bounce
to near zero growth this year.
Wednesday, 15 February 2012
The Scandinavian
Airline System, SAS, is owned largely by the
Scandinavian governments with 50.4 percent ownership spread between
Sweden, Denmark and Norway. Now sources say according to reports in
Swedish media that the government is looking for a new owner for the
airline.
Wednesday, 15 February 2012
One
hundred Swedish companies or nearly 40 percent of companies on the
Stockholm Stock Exchange have no women in senior management team. This
is not the plan the Swedish sex egalitarianism set out to achieve as
such meritocracy preached by capitalism has to be ditched in favour of
positive discrimination in favour of the lady?
Tuesday, 14 February 2012
Swedish fighter jet, the Gripen is being sought to be
sold in
Switzerland. Bedsides the pressure from France, the other
competitor
for the contract which would rather theirs, Rafale, be chosen over the
Swedish flagship jet fighter, it has emerged that only after the Swiss
government has decided on placing an order for the Gripen has there
emerged news that Gripen had flaws in initial testing.
Tuesday, 14 February 2012
Swedish economy is great when compared to many EU economies but there
is a time bomb waiting to explode that is not focused on when various
forms of analysis are being made – Swedish real estate prices and
household debts is that time bomb.
Tuesday, 14
February 2012 The Swedish
Foreign Ministry according to Swedish television has confirmed to have
expelled foreign diplomats from Sweden, but would not comment on which
country (ies) the diplomats were representing.
Tuesday, 14 February 2012
Anyone with a university education will on average live almost five
years longer than those not finishing high school a new Swedish
research show.
Consumer prices index (CPI)in Denmark rose 0.3 percent in January from
the previous month. Compared with the same month one year earlier,
prices rose 2.8 percent.
Friday, 10 February 2012
It is very clear that the economic section imposed on Iran will hit
hard on Swedish companies that had started looking at the trouble
nation as its new major market.
Sweden seems to be making some progress in tremens of wealth
development. The Swedish people have been working extremely hard in the
past year and that has earned them more wealth.
Thursday, 09 February 2012
A well organised Sweden is seeing that organising the transport sector
is not just the UK that is worse in. Sweden has also caught up with the
wave of dissatisfied people who use the transport system.
Wednesday, 08 February 2012
There is a move being taken in a medical community in Sweden in which a
method is being pioneered at studies at the University Hospital in
Uppsala in which electricity could be used to scatter dangerous caner
tumours.
Wednesday, 08 February 2012
Swedish companies in China are seeing evidence of discriminatory
regulations. The Chinese government has set up a competitive
disadvantage to foreign companies, according to the Swedish Embassy in
Beijing.
Wednesday, 08 February 2012
Swedish
military hardware company, Saab, is said to be willing to compromise on
price to ensure that the order of 22 Gripen aircraft by Switzerland
should remain as it is.
Source: Yle Finland
In Finland, people of Somali background face the most discrimination,
an EU study shows. With the emergence of the far right party, the True
Finns to political prominence in the country, racial
discrimination in Finland has exponentially exploded and the Somalis
are most affected.
Wednesday, 08 February 2012
Mobile giant Nokia announced on Wednesday morning that it will end all
device assembly at its factory in Salo, south-western Finland. Nearly
1,000 people will lose their jobs, or about half of manufacturing staff
at the plant.
Wednesday, 08 February 2012
After a great year for truck maker Volvo's sales in Iran, it is now
grinding to halt after U.S. sanctions against the country.
On Tuesday came
new news reports of violence in Syria. But all this has not dented
Swedish exports to the country as Swedish exports to Syria seem to have
only increased.
How can the repo rate remain this low, but banks' mortgage rates remain
soo high? The Swedish Finance Minister, Anders Borg ponders, as Swedish
big banks start reporting astronomical profits and increase dividend
payments while households are squeezed in the middle with runaway
mortgage rate charges.
Tuesday, 07 February 2012
Two British companies, Eddie Stobart and AW Jenkinson Forest Products
have order 1000 Scania trucks with deliveries to begin in March this
year and to be completed in December 2013.
Monday, 06 February 2012'
While the Swedish pharmaceutical industry is waning, worker here are
gradually moving south to Denmark where the sector there is booming and
had over taken Sweden.
Monday, 06
February 2012 Norwegian mass
murderer Anders Breivik Behring today appeared in court and met with
the victims of his terrorist acts and called for the court to set him
free.
Swedish new fast commuter train, the SJ3000 was this morning exposed to
the elements and tested for what it was designed for. It is the high
speed SJ3000 which made a maiden drive departing from Sundsvall this
morning via Gävle to Stockholm.
Monday, 06 February 2012
Swedish households anticipate a stronger trend for house prices in
February compared to what they did last month according to an SEB house
price indicator published on Monday.
Sunday, 05 February 2012 Sauli
Väinämö Niinisto for the Finnish, Conservative Party becomes Finland's
next president after receiving 65.5 percent of the advance votes
against his opponent, Pekka Haavisto’s 34.5 percent who accepted
defeated just before 20 hours Swedish time. Finnish
president elect - Niinisto Img: SVT
Sunday, 05 February 2012
Budget
airline, Ryanair does not care about six out of ten safety features
which it is called to take care by the Swedish Board for Consumer
Complaints, an audit report show.
Wednesday, 01
February 2012 The
Norwegian
government wants to lend more money to the International Monetary Fund,
in addition to Nkr55 billion previously borrowed out to the
organisation.
Tuesday,
31
January 2012 French
Dassault
Rafale fighter aircraft beats Saab’s Jas Gripen jet fighter in India as
the government there decided finally on which fighter jet to choose in
beefing up their air defences.
Tuesday, 31
January 2012 Sweden
is accepting to fully join the euro countries' fiscal pact according to
the Prime Minister, Fredrik Reinfeldt, whose request for Swedish
influence in the whole process was being considered at the Euro summit.