If the Mediterranean and East Asian Museums were to close, it would be a scandal, says Karin Sidén, a board member of the Swedish Academy of Letters, which has appointed a special working group to get politicians to act. “We will not let this go.”
EntertainmentThe summer holidays in 2027 could be slightly cheaper, at least if Handelsbanken’s currency forecast proves correct. Both the euro and the dollar are expected to weaken against the Swedish krona.
BusinessEuropean carmakers, with Volvo Cars particularly hard hit, have been struggling. Donald Trump's tariffs, Chinese competition and production disruptions are behind Volvo's collapse. The future still looks quite bright, Handelsbanken automotive analyst Hampus Engellau tells TT.
BusinessWeak Swedish quarterly reports dampened trading on the Stockholm Stock Exchange. However, the OMXS index recovered from losses to close up 0.2 percent.
BusinessHandelsbanken’s net interest income - the difference between deposit and lending rates - fell to SEK 10 billion in the third quarter, according to an interim report. It was SEK 10.6 billion in the corresponding quarter last year.
BusinessSwedish major banks have climbed significantly in this year’s ranking of the world’s 50 safest commercial banks, compiled by industry magazine Global Finance. Handelsbanken and Swedbank take first and second place, respectively.
BusinessIn the past two years, the major Swedish banks SEB and Nordea have lent 14 billion kronor (about $1.3 billion) to fossil fuel companies operating in the Arctic, according to a report from Fair Finance Guide. Many Swedish bank customers will be outraged. “It is actually their money that is being used for these loans, among other things,” says Jakob König of the organization. The banks dispute the report’s findings.
SwedenToday, September 27, women's pensions end for the year, at least figuratively speaking.
BusinessThe Stockholm Stock Exchange closed down on Thursday, with the broad OMXS index down 1.4 percent.
BusinessHandelsbanken raises its forecast for GDP growth this year to 2.6 percent, adjusted for calendar changes. This compares with 2.1 percent in a forecast from April. The key interest rate is expected to be raised at the end of the year.
BusinessThe Stockholm Stock Exchange's broad OMXS index fell 1.1 percent on Tuesday - in line with major stock exchanges around the world. Sharply rising market interest rates are weighing on sentiment.
BusinessThe moment you sell your car or boat, the money is in your account. Major banks in Sweden and Europe will launch a digital currency later this year that will make lightning-fast transactions possible. But not everyone is equally happy with the new currency.
BusinessDeputy Governor Göran Hjelm, one of five members of the Swedish Central Bank’s Executive Board, sees "a likelihood of an interest rate increase during the year," according to a press release from the Swedish Central Bank.
BusinessAn interest rate hike is drawing closer, according to major banks Swedbank and SEB. However, interest rate forecasts are more divided than they have been in a long time. This raises questions about who should really be trusted.
BusinessSkandiabanken offered the lowest variable mortgage rate to its customers in July. Among the major banks, Nordea's average variable rate was the highest.
BusinessThe major banks are currently earning less on customers' mortgages. They are making that up with savings. Savings seem to be a profit driver for the banks at the moment, says Maria Landeborn, stock market strategist at Danske Bank.
BusinessThe Stockholm Stock Exchange closed Wednesday down 0.1 percent - despite falling oil prices and positive news from the US. For reporting food giant Axfood and Handelsbanken, the day was dark.
BusinessHandelsbanken, one of the leading players in the Swedish mortgage market, is performing worse than expected. Net interest income - the bank's profit from the difference between deposit and lending rates - fell unexpectedly sharply.
BusinessThe major Norwegian bank DNB reports a profit before tax of 13.0 billion Norwegian kroner for the second quarter. This compares with 13.1 billion in the corresponding quarter last year.
BusinessThe flood of reports gets going in earnest next week. The economy looks good, says Lars Söderfjell at the Bank of Åland.
BusinessPoland has signed an agreement to buy three A26 submarines, the so-called Blekinge class, from Saab. The first is to be delivered in 2031. This is a gigantic deal. It is probably worth a total of about 50 billion Swedish kronor, says Ulf Kristersson to TT.
BusinessHandelsbanken is lowering the interest rate on longer-term mortgages, according to a press release.
BusinessSharp criticism has been directed at the AP funds' investments in the battery company Northvolt. Now three of the funds will have new chairmen.
BusinessThe effects of the war in Iran are now starting to have an impact on the Swedish economy. Producer prices - what companies charge each other - are rising at the highest annual rate in just over four years. It is an important indicator that we must look at, Riksbank Governor Erik Thedéen told TT.
BusinessMore in Handelsbanken
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