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Europe Top News and Analysis Sweden

  • WASHINGTON/ HONG KONG, Oct 8- China's top telecoms gear makers should be shut out of the U.S. market because potential Chinese state influence on them poses a security threat, the U.S. House of Representatives' Intelligence Committee said in a draft of a report to be released later on Monday.

  • Dame Marjorie Scardino is preparing to give up her role as the vice-chair of the Finnish phone-maker Nokia, Financial Times reported on Sunday, just days after Scardino announced her departure from the helm of Pearson. Scardino, Nokia's vice-chair since 2007, was quoted as saying it was a "natural schedule" to leave the board next spring.

  • STOCKHOLM, Oct 8- IKEA, the world's largest furniture retailer, pushed ahead on Monday with a plan to open its first stores in India following the relaxation of rules on sourcing from local suppliers.

  • WASHINGTON, Oct 7- China's top telecommunications gear makers should be shut out of the U.S. market because potential Chinese state influence on them poses a security threat, the U.S. House of Representatives' Intelligence Committee said in a draft of a report to be released on Monday.

  • SINGAPORE, Oct 8- Indonesia is buying submarines from South Korea and coastal radar systems from China and the United States. Vietnam is getting submarines and combat jets from Russia, while Singapore- the world's fifth-largest weapons importer- is adding to its sophisticated arsenal.

  • *More sanctions on Iran being prepared in Europe. BRUSSELS, Oct 5- The European Union has begun discussing the possibility of a broad trade embargo against Iran, moving beyond the web of energy, business and financial restrictions imposed so far, in an effort to pressure Tehran not to build nuclear weapons.

  • DUBLIN, Oct 5- Irish property developer Treasury Holdings is to be wound up, a Dublin court heard on Friday, making it one of the biggest and most high-profile casualties of a property crash that led the country into an EU/IMF bailout.

  • STOCKHOLM, Oct 5- The head of retail banking for Nordea, the Nordic region's biggest bank, said on Friday he sees loan losses in Denmark stabilising as the country's troubled real estate and agriculture sectors may have seen their worst.

  • DUBLIN, Oct 5- Irish property developer Treasury Holdings is to be wound up, a Dublin court heard on Friday, making it one of the biggest and most high-profile casualties of a property crash that led the country into an EU/IMF bailout.

  • *Nordic spot price for Saturday seen at 29.8 euros/ MWh. Saturday's delivery is expected to fall to 29.8 euros a megawatt-hour and to 27.8 euros for Sunday, compared to 32.23 euros on Friday, analysts at Point Carbon said. Wind power output in Denmark and Sweden was expected to gain by an hourly average of 920 MW on Saturday and by 1,890 MW on Sunday from Friday.

  • STOCKHOLM, Oct 5- Scandinavian airline SAS. said on Friday that its group passenger traffic rose 8.3 percent year-on-year last month after a 6.9 percent gain in August. The group said in a statement that its load factor improved by 1.9 percentage points to 76.5 percent.

  • STOCKHOLM, Oct 5- Volvo AB:. *signs letter of intent to divest crankshaft plant in Leganes, Spain to MAPE. *Says the transaction is not expected to have any material impact on the Volvo.

  • STOCKHOLM, Oct 5- ALFA LAVAL:. *Wins SEK 70 million energy-efficiency order in Russia. *says order is for compact heat exchangers for a refinery in Russia booked in late September and with delivery scheduled for 2013.

  • Embattled U.S. truck and engine maker Navistar International Corp, a rival of Sweden's AB Volvo, may close factories in its bid to cut costs, its newly named CEO Lewis Cambell said in a Reuters interview late on Thursday. For more on Volvo, click on ERICSSON.

  • Embattled U.S. truck and engine maker Navistar International Corp, a rival of Sweden's AB Volvo, may close factories in its bid to cut costs, its newly named CEO Lewis Cambell said in a Reuters interview late on Thursday. For more on Volvo, click on NORDEA, SAMPO.

  • Oct 04-=============================================================================== Summary analysis-- Investor AB----------------------------------- 04- Oct-2012=============================================================================== CREDIT RATING: AA-/Stable/A-1+ Country: Sweden Primary SIC: Holding companies, nec Mult. CUSIP6: 46145 A=============================================================================== Credit Rating History: Local currency Foreign currency 16- Dec-1997 AA-/A-1+ AA-/A-1+ 24- Jan-1994 A/A-1 A/A-1=============================================================================== Rationale.

  • OSLO, Oct 4- Nordic spot power prices were expected to remain steady as colder weather was likely to to support consumption, while lower hydro inflows allow hydro power producers to get better control of prices, analysts said on Thursday.

  • Oct 04-=============================================================================== Summary analysis-- L E Lundbergforetagen AB-------------------- 04- Oct-2012=============================================================================== CREDIT RATING: A+/ Stable/A-1 Country: Sweden Primary SIC: Investment offices, nec=============================================================================== Credit Rating History: Local currency Foreign currency 08- Jun-2007 A+/ A-1 A+/ A-1 24- Jan-2001 A/A-1 A/A-1=============================================================================== Rationale.

  • STOCKHOLM, Oct 4- Skanska AB:. *To construct hospital in Richmond, USA, for USD 80 mln, about SEK 545 mln. *Says awarded contract to construct a new Children's Pavilion at Children's Hospital of Richmond at Virginia Commonwealth University.

  • STOCKHOLM, Oct 4- Skanska AB:. *Awarded college contract in UK for GBP 33 mln, about SEK 355 mln. *Says contract included in order bookings for Skanska UK for the third quarter 2012, construction to begin immediately.