×

Europe Top News and Analysis Sweden

  • Greece needs to act on fraudulent reporting and political meddling of statistics to regain its credibility in the eyes of the European Union, Swedish Finance Minister Anders Borg told CNBC late Tuesday.

  • The Nobel Foundation might  have to reduce the money it awards winners of its prestigous prizes due to the effects of the global financial crisis, its director said on Saturday.

  • Taxes

    Soon the IRS tax form will be two lines and two lines only. First will be how much did you make, second will simply be the instructions to send it all in. The tax plans coming out of Congress to pay for the health proposals are punitive and confiscatory (but are likely to kill any chances that the bill would be enacted into law).

  • As the buzz about economic recovery grows louder, a new survey reveals the best place in the world to ride out the rest of the recession, which could be one of the first stops on the recovery train.

  • sweden.jpg

    Swedish bank Swedbank reported Thursday a first-quarter net loss, disappointing analysts' expectations for a profit, due to large provisions for loan losses in its hard-hit Baltic operations.

  • Four men linked to popular file-sharing site The Pirate Bay were convicted Friday of breaking Sweden's copyright law by helping millions of users freely download music, movies and computer games on the Internet.

  • saab_9x_biohybrid_1.jpg

    Saab Automobile may be just another crisis-ridden car company in an industry full of them. But just as the fortunes of Flint, Mich., are permanently entangled with General Motors, so it is impossible to find anyone in this city in southwest Sweden who is not somehow connected to Saab.

  • Sweden's government says it is ready to inject 50 billion kronor ($6 billion) into the nation's banks in a fresh bailout initiative designed to boost lending to Swedish companies hurt by the credit crunch.

  • Treasury Seal

    Officials in Washington try to figure out how to shore up banks that once ruled the financial world but now seem to weaken by the day, despite receiving hundreds of billions in aid.

  • Ericsson posted stronger-than-expect ed third-quarter earnings on Monday, benefiting from heavy network traffic and emerging unscathed from the financial turmoil roiling world markets.

  • Countries across Europe have moved to reassure banking customers by guaranteeing deposits. Fear of runs on banks prompted some account holders to take their money overseas to foreign banks, protected by government pledges, or simply opt for the relative safety of keeping funds out of institutions.» »

    European finance ministers moved to reassure banking customers by agreeing to raise bank-deposit guarantees to 50,000 euros ($67,930), from the current level of 20,000 euros.

  • sweden.jpg

    When it comes to budget busting financial bailouts, the U.S. could take a lesson from Sweden, reports the New York Times.

  • Swedish fashion giant Hennes & Mauritz posted better-than-expected sales figures for July on Friday, defying an economic slowdown, as cost-conscious shoppers appeared to favor its moderately priced clothes.

  • Drugmaker AstraZeneca, enjoying a favorable tailwind from currencies, lifted its full-year earnings forecast on Thursday as second-quarter results came in ahead of expectations.

  • electrolux.jpg

    World No. 2 home appliances maker Electrolux warned on Thursday that full-year earnings will fall more than previously forecast due to weaker demand, sending its shares down more than 5 percent.

  • The world's number one bearings maker, Swedish SKF, is speeding up plans to close down a factory in Kentucky, moving production to Mexico as the financial markets turmoil has hit hard the automotive industry, SKF CFO Tore Bertilsson told CNBC.com on Tuesday.

  • H&M

    Hennes & Mauritz posted second-quarter pretax profit that beat forecasts and sent its shares higher, as a sunny May helped boost sales and a weak dollar lowered purchasing costs.

  • france telecom.jpg

    France Telecom proposed a $41 billion bid for TeliaSonera to create the world's third largest broadband operator and the number-four in mobiles, but the Nordic company rejected the offer.

  • ericsson_logo_1.jpg

    Some big companies report tomorrow that will give more clarity on the health of advertising and technology spending, and the health of the European jobs market

  • Mobile phone maker Sony Ericsson posted sharply lower profits on Wednesday as a slowdown in consumer spending hit its business, but earnings were at the high end of the firm's range and exceeded market expectations.