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Ericsson Files Insolvency Case Against India's Reliance Comms

Ericsson's Indian subsidiary has filed insolvency petitions against Reliance Communications and two of its companies to recover unpaid dues, the Indian mobile operator said in a stock exchange filing on Wednesday, the International New York Times ...

Daily Headline - global.abi.org - 09/13/2017 - 22:12 - 0 comments

Euro Zone's Too-Big-to-Fail List Swells as Nordea Sets Precedent

A European banking giant just snubbed one of the world’s strictest financial supervisors by moving to a more accommodating regulatory setting, Bloomberg News reported. Nordea Bank AB’s decision to relocate its headquarters from Sweden to Finland puts the ...

Daily Headline - global.abi.org - 09/06/2017 - 22:49 - 0 comments

Nordea's Mega-Bank Branches Set Off Regulatory Finger Pointing

When the biggest Nordic bank turned its subsidiaries into branches, regulators in Finland, Denmark and Norway complained they were left with too-big-to fail operations but no power to rein them in. Oversight was instead left to Sweden. But the full conse ...

Daily Headline - global.abi.org - 03/05/2017 - 22:46 - 0 comments

Ericsson Crisis Deepens As Profits Plunge 94%

The crisis at Ericsson deepened on Wednesday when the world’s biggest maker of mobile network equipment reported a 94 per cent plunge in quarterly operating profit and tumbling sales, the Irish Times reported. The Swedish company is struggling with a ...

Daily Headline - global.abi.org - 10/12/2016 - 21:06 - 0 comments

Ericsson To Cut 3,000 Jobs In Sweden

Ericsson AB plans to cut 3,000 jobs in Sweden, a fifth of the workforce in its home country, as it curbs production to cope with shifting technology and stagnant demand for wireless-network equipment. The company will reduce manufacturing in the towns of ...

Daily Headline - global.abi.org - 10/04/2016 - 21:32 - 0 comments

How Brexit Muzzled Bid to Pop a Property Bubble

keeps flowing thanks to the central bank’s ultraloose interest rate of minus-0.5%. To cool demand for ...

Daily Headline - global.abi.org - 07/06/2016 - 22:41 - 0 comments

Swedish Bank Move Creates a Global Shudder

decision on Thursday by the Swedish central bank to lower its short-term rate to minus 0.50 percent from minus 0.35 percent, has heightened fears that brazen actions by central bankers are now making things ...

Daily Headline - global.abi.org - 02/12/2016 - 12:54 - 0 comments

Bank Watchdog in Sweden Exposes Europe to Uncomfortable Truth

Sweden’s decision yet again to take the regulatory high ground is proving awkward for much of the rest of Europe. A director at the Swedish Financial Supervisory Authority last week dared to question the status quo of letting banks treat sovereign bonds ...

Daily Headline - global.abi.org - 11/02/2015 - 20:36 - 0 comments

More Scandinavian Interest Rate Drama Ahead

The Federal Reserve’s inaction last week remains the main driver of market sentiment, at least for now — but attention will soon turn toward potential action at other central banks, the Financial Times reported. Not least in Sweden, where the Riksban ...

Daily Headline - global.abi.org - 09/21/2015 - 22:34 - 0 comments

Riksbank Stefan Ingves Sees Flaws in Crisis-Busting Tools

has the lowest base rate in the world at minus 0.35 per cent. High quality global journalism requires ...

Daily Headline - abi_admin - 09/14/2015 - 12:32 - 0 comments

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