Results for Sweden
- 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
- Sweden Plans Tighter Mortgage Rules to Tackle Household Debt
Sweden’s financial watchdog is proposing tighter rules for people taking out new mortgages as the country seeks to manage rising levels of household debt, The Wall Street Journal reported. Finansinspektionen, the Swedish financial supervisory authori ...
Daily Headline - global.abi.org - 11/11/2014 - 22:58 - 0 comments
- Carmaker NEVS Lays Off Staff As Saab Plant Stays Idle
Cash-strapped China's National Electric Vehicle Sweden (NEVS) said on Wednesday it would lay off up to 200 staff at its Saab car plant in Sweden as production is unlikely to resume anytime soon, Reuters reported. NEVS, which bought the bankrupt Swed ...
Daily Headline - global.abi.org - 09/24/2014 - 20:12 - 0 comments
- Court Rejects Creditor Protection For Saab Carmaker NEVS
A Swedish court on Thursday rejected an application from China's National Electric Vehicle Sweden (NEVS), which bought bankrupt car maker Saab in 2012, for protection against creditors while it concludes funding talks, Reuters reported. The court ca ...
Daily Headline - global.abi.org - 08/28/2014 - 20:34 - 0 comments
- Riksbank Raises Concern On Household Debt
piquancy in March when Sweden officially suffered from deflation, with inflation falling by 0.6 per cent ...
Daily Headline - global.abi.org - 05/07/2014 - 23:03 - 0 comments
- Krugman Slamming Riksbank Fuels Deflation Anxiety
The Riksbank, the world’s oldest central bank, has become a sadist in its use of monetary policy, according to Nobel Laureate Paul Krugman, Bloomberg News reported. He says the Stockholm-based central bank’s bias toward tight policy during the financial ...
Daily Headline - global.abi.org - 04/23/2014 - 21:06 - 0 comments
- Sweden A Classic Case Of Sadomonetarism In Action
Three years ago Sweden was regarded as a role model in how to deal with a global crisis. The nation’s exports were hit hard by slumping world trade but snapped back; its well-regulated banks rode out the financial storm; its strong social insurance progr ...
Daily Headline - global.abi.org - 04/21/2014 - 21:23 - 0 comments
- Saab To Restart 9-3 Sedan Production Two Years After Bankruptcy
The new owners of Swedish car maker Saab, National Electric Vehicle Sweden AB, will restart production of the 9-3 sedan on Monday at the Trollhattan factory in Sweden, a NEVS spokesman said on Friday, Reuters reported. The 9-3 sedan will be powered by a ...
Daily Headline - global.abi.org - 12/02/2013 - 00:20 - 0 comments
- Volvo Announces $780 Million Restructuring Programme
Sweden's Volvo Group, the world's second biggest lorry manufacturer, announced Tuesday a 5 billion kronor (580 million euros, $780 million) restructuring plan over two years, the Economic Times reported. "The programme encompasses both ...
Daily Headline - global.abi.org - 09/24/2013 - 21:38 - 0 comments