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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 - 20:06 - 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 - 20:32 - 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 - 21:41 - 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 - 11:54 - 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 - 19:36 - 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 - 21:34 - 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 - 11:32 - 0 comments

Riksbank Expands QE To Boost Recovery

the Riksbank to cut its repo rate by 10 basis points from its current level of minus 0.25 per cent. ...

Daily Headline - global.abi.org - 04/29/2015 - 21:46 - 0 comments

Oil Firm PA Resources Risks Liquidation After $259 Million Writedown

Swedish oil and gas firm PA Resources will write down the value of its assets by 2.1 billion Swedish crowns ($258.6 mln) due to the plunge in oil prices and may be forced to go into liquidation, the company said on Tuesday, Reuters reported. "The lo ...

Daily Headline - global.abi.org - 01/20/2015 - 22:24 - 0 comments

Concern Rises As Cracks Appear In Nordic Model

Cracks are beginning to appear in the vaunted Nordic model. The four main Nordic countries – Denmark, Finland, Norway and Sweden – still grace the top of most global rankings for happiness, competitiveness, the best place to be a woman and even the best ...

Daily Headline - global.abi.org - 11/20/2014 - 21:17 - 0 comments

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