The yen fell versus the dollar the first time in four days after a Group of 20 official said there isn’t a plan for a statement by the nations to echo a Group of Seven pledge to avoid using exchange rates as policy targets.
The yen climbed to the strongest in more than two weeks against the euro as Group-of-20 officials begin talks in Moscow, fueling speculation they may criticize Japanese policies that have helped weaken the currency.
SKF AB, the world’s largest maker of ball bearings, climbed the most in more than three months after Dagens Industri reported the company continues to see rising demand in North America and improvements in Europe.
Arle Capital Partners Ltd. plans to sell Hilding Anders AB, the Swedish mattress-maker with operations in 40 countries, for as much as 10 billion kronor ($1.53 billion), a person familiar with the plans said.
Schibsted ASA , Modern Times Group AB and Bonnier AB may be interested in buying the Scandinavian parts of SBS Broadcasting Networks, Dagens Industri reported, without saying where it got the information.
Saab Automobile, the Swedish carmaker acquired by Spyker Cars NV from General Motors Co., is in talks with Germany’s Bayerische Motoren Werke AG about cooperating with the development of Saab’s new 9-2 model, Dagens Industri reported today, citing an unidentified person with knowledge of the plans.
Autoliv Inc.’s factories in China are the company’s most profitable, with an operating margin “well above” a global average of about 11 percent, Dagens Industri said, citing Jan Carlson, chief executive officer of the auto-parts maker.