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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

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 - 22:46 - 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 - 23:24 - 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 - 22:17 - 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 - 23:58 - 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 - 21:12 - 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 - 21:34 - 0 comments

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