Europe Top News and Analysis Sweden

More

  • LONDON, July 25- Europe's first regulated asset-backed bitcoin product- an exchange-traded instrument that will invest exclusively in the digital currency- begins trading this week on the Gibraltar Stock Exchange and Germany's Deutsche Boerse. BitcoinETI will be available through regulated brokerages across Europe, and settlement will be handled...

  • ISTANBUL, Turkey, July 26- Muna Awwal wants to go to school. Muna and her family arrived in Turkey from Syria in 2013. Her father Mahmud says some of the clothes are sold in Europe.

  • HELSINKI— Hans Vestberg has stepped down as CEO and president of telecoms company Ericsson as the company struggles to improve earnings amid tightening competition. The Swedish wireless equipment maker says that Vestberg is leaving all assignments "with immediate effect" and will be temporarily replaced by CFO Jan Frykhammer until a replacement is found.

  • STOCKHOLM, July 24- Business tycoon Melker Schorling, one of Sweden's most prominent investors, says he is well-positioned to expand his 60 billion crown investment empire even as he prepares to hand over affairs to his daughters. In a decade, MSAB has had returns of over 500 percent, outperforming rivals such as Wallenberg-backed Investor AB and...

  • STOCKHOLM _ Autoliv Inc. on Friday reported second-quarter earnings of $148.4 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share. Autoliv shares have declined almost 9 percent since the beginning of the year.

  • HELSINKI— Electrolux, the world's second-largest maker of household appliances, has reported a 77 percent rise in second-quarter net earnings thanks to strong sales in Europe and North America, but its overall revenue disappointed, dropping over 4 percent. The drop in sales was worse than expected, prompting investors to push the Swedish company's share...

  • *Second-quarter operating profit 1.22 bln euros. STOCKHOLM, July 20- Nordea, the Nordic bank named most in the Panama Papers, conceded on Wednesday it had not always done enough to safeguard fully against crimes such as money laundering and said it was taking steps to avoid any repeat. Von Koskull replaced Christian Clausen as CEO in November and vowed to get to the...

  • HELSINKI— Swedish truck maker AB Volvo says second-quarter profits dropped 38 percent as sales fell amid lower demand in America and emerging markets. The company predicted sales volumes would continue to be weak in North America. CEO Martin Lundstedt said Tuesday that despite poorer sales, operating income and margins had improved, cost cutting "continued...

  • STOCKHOLM— Wireless equipment maker Ericsson says lower demand for mobile broadband in a weakening global economy caused second-quarter profit to drop 26 percent and sales to slump in most markets. Ericsson said that demand declined most in Brazil, Russia and the Middle East and broadband projects in Europe continued to hit sales. Ericsson shares were down...

  • The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share. Five analysts surveyed by Zacks expected $6.87 billion. This story was generated by Automated Insights using data from Zacks Investment Research.

  • STOCKHOLM, July 7- Swedes rarely use cash, but building firm owner Piotr can't get enough of the stuff. A record 163,000 asylum seekers arrived in Sweden in 2015, along with thousands of migrant workers mainly from eastern Europe who were attracted to one of the fastest growing economies in Europe. But while the cheap labor may be good for Piotr, government...

  • STOCKHOLM, July 7- Swedes rarely use cash, but building firm owner Piotr can't get enough of the stuff. A record 163,000 asylum seekers arrived in Sweden in 2015, along with thousands of migrant workers mainly from eastern Europe who were attracted to one of the fastest growing economies in Europe. But while the cheap labour may be good for Piotr, government...

  • STOCKHOLM, July 7- Swedes rarely use cash, but building firm owner Piotr can't get enough of the stuff. A record 163,000 asylum seekers arrived in Sweden in 2015, along with thousands of migrant workers mainly from eastern Europe who were attracted to one of the fastest growing economies in Europe. But while the cheap labour may be good for Piotr, government...

  • STOCKHOLM, July 7- Swedes rarely use cash, but building firm owner Piotr can't get enough of the stuff. A record 163,000 asylum seekers arrived in Sweden in 2015, along with thousands of migrant workers mainly from eastern Europe who were attracted to one of the fastest growing economies in Europe. But while the cheap labor may be good for Piotr, government...

  • WEDNESDAY, JULY 6 VESTAL, United States- Federal Reserve Bank of New York President William Dudley meets with Binghamton University researchers and Southern Tier Regional Economic Development Council members to discuss economic development projects, and tours the BU Innovate Technologies Complex- 1200 GMT. FRANKFURT- European Central Bank governing...

  • *EBA and EMA agencies seen leaving London post Brexit. *Milan mayor visits London as EU cities promote themselves. MILAN/ LONDON, July 5- Milan's new mayor Giuseppe Sala will fly into London on Wednesday, stepping up a battle between European cities competing to wrest two prestigious European Union agencies from London in the wake of Britain's vote to leave the...

  • FRANKFURT- European Central Bank board member Sabine Lautenschlaeger speaks at the Eighth ECB Statistics Conference- "Central Bank Statistics: moving beyond the aggregates"- 1700 GMT. FRANKFURT- European Central Bank board member Yves Mersch speaks on the occasion of the unveiling of the new 50- euro banknote at the European Central Bank- 1205 GMT.

  • MONDAY, JULY 4 BARCELONA, Spain- European Central Bank board member Ignazio Angeloni speaks at the Caixabank Lecture Series at Caixabank- 0910 GMT. Speakers: ECB President Mario Draghi and board members Peter Praet and Sabine Lautenschlaeger, ECB board member and Central Bank of the Republic of Turkey Former Deputy Governor Turalay Kenc and Bank of Greece...

  • DHAKA/ MUMBAI, July 3- Some leaders of Bangladesh's $26 billion garment industry expect Western fashion retailers to review their ties with the world's second-largest garment exporter after 18 foreigners were killed in an attack on a Dhaka restaurant. Bangladesh, one of the world's poorest countries, relies on garments for around 80 percent of its exports and...

  • LONDON/ FRANKFURT July 3- Shareholders of the London Stock Exchange will vote on Monday on whether to back a $27 billion merger with Deutsche Boerse, even though the deal may have to be tweaked following Britain's decision to leave the European Union. Germany's markets watchdog BaFin said last week that London could not host the headquarters of the planned...