Sweden News
-
Updated 1 hour, 4 minutes ago
Steinhoff International Holdings Ltd. plans an initial public offering of its European unit that could raise 1.5 billion euros ($1.98 billion) to repay debt as it considers expanding in Latin America and eastern Europe.
-
With no plan from Congress or the Obama administration to shutter Fannie Mae and Freddie Mac, the companies’ regulator told Congress yesterday it will expand its oversight with a strategic plan to develop new systems and standards for home loans.
-
Swedish unemployment rose more than estimated last month as Europe’s debt crisis weighs on demand in the largest Nordic economy.
-
The yen fell for a fourth day versus the dollar, the longest losing streak in more than two months, as investors sold the Japanese currency to buy higher-yielding assets.
-
Sweden and Norway are losing their appeal as havens from Europe’s debt crisis at a time when the krona and krone are more overvalued than at almost any point in the past 40 years.
-
Sweden’s central bank said it has decided to borrow the equivalent of 10 billion kronor ($1.5 billion) in foreign currency through the Debt Office to restore reserves.
-
The U.K., Netherlands and Sweden refused to sign off the European Union’s operating budget for 2010, saying that cost overruns are unjustified at a time when national governments are having to slash their spending.
-
Volvo Car Corp. will form a carmaking venture with majority shareholder Zhejiang Geely Holding Group Co., as part of plans to expand in the world’s largest vehicle market.
-
Sweden’s krona rose the most in four weeks against the dollar as optimism European finance ministers will settle their differences over a Greek bailout boosted demand for higher-yielding assets.
-
Altimo, the indirect owner of 13.2 percent of Turkcell Iletisim Hizmetleri AS, Turkey’s biggest mobile-phone operator, said it may seize another 13.7 percent if Cukurova Holding AS fails to pay $1.45 billion in debt by early March.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page