Svenska Dagbladet

Riksbank Delays Rate Rise Until Late 2014 Amid Krona Surge

Sweden’s central bank left its benchmark interest rate unchanged for a second meeting and delayed tightening to the second half of 2014 after the surging krona brought inflation to standstill.

Krona Surge Aids Survival of Fittest, Swedish Export Lender Says

The krona’s strength will help discipline companies and poses little risk to the economy as a whole as imports grow more affordable, the head of Sweden’s state-owned export lender said.

Nordea Headquarters to Stay in Stockholm, SvD Naeringsliv Says

Nordea Bank AB seeks to grow organically rather than through acquisitions and its headquarters will remain in Stockholm, Svenska Dagbladet Naeringsliv reported, citing retiring Chairman Hans Dalborg .

Antonov Wants to Be Saab Stakeholder, Svenska Dagbladet Reports

Vladimir Antonov , the Russian investor who helped finance Spyker Cars NV’s purchase of Saab Automobile, is in talks with General Motors Co. to become a shareholder in Saab, Svenska Dagbladet reported, citing Antonov.

SAS Agrees to Sells Ground-Handling Operations to Swissport

SAS Group, the biggest Nordic airline, plans to sell the majority of its ground-handling unit with 5,000 employees to Swissport International Ltd. as the carrier tries to stem losses.

Riksbank Burns Option to Cut After Ingves Gambit: Nordic Credit

Swedish Riksbank Governor Stefan Ingves has tied the bank’s hands after publishing an opinion piece that rules out an interest rate cut even as unions and economists argue more easing is needed.

Saab Automobile Seeks Chinese Partner, Svenska Dagbladet Reports

Saab Automobile is seeking a partnership with a Chinese automaker to secure long-term financing, newspaper Svenska Dagbladet reported, citing Spyker NV Chief Executive Officer Victor Muller.

Sweden’s Housing Boom Stirs Danish Bust Deja Vu: Nordic Credit

Danske Bank A/S, which is cutting 3,000 jobs after being dragged through housing bubbles in Denmark and Ireland, is now bracing for a possible adjustment in Sweden’s property market.

Riksbank Rift Deepens as Joblessness Splits Board: Nordic Credit

Disagreement over whether Swedish unemployment should guide policy instead of imbalances in the housing market is deepening a rift at the Riksbank less than a week before its six-member board decides on interest rates.

Mass Job Cuts in Sweden Belie Government Optimism: Nordic Credit

TeliaSonera AB yesterday became the latest in a string of Swedish companies to announce mass job cuts, prompting economists and unions to question the government’s forecast that unemployment will fall next year.

Stockholm

Sweden

Europe

Wal-Mart Plasters Stores With Green Dots to Stay Stocked

Orders for U.S. Durable Goods Increase More Than Forecast

Google Said to Face New Antitrust Probe Over Display Ads

Serena’s Paris Failure Sparked Run Back to Top at 31

Google Said to Consider Buying Waze Presaging Bidding War