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Norway’s Consumer Council Sues Nordea Over Unpaid Interest Compensation
Business News

Norway’s Consumer Council Sues Nordea Over Unpaid Interest Compensation

Ericsson Shares Rise 6.8% as Stockholm Market Falls for a Second Day
Business News

Ericsson Shares Rise 6.8% as Stockholm Market Falls for a Second Day

The decline on the Stockholm Stock Exchange continued. Ericsson went against the trend on Thursday, surging 6
Nordea Warns Rising Interest Rates Could Weigh on Consumer Confidence
Business News

Nordea Warns Rising Interest Rates Could Weigh on Consumer Confidence

Major bank Nordea warns that rising interest rates could affect consumer confidence in the coming months.
Strong earnings may not send stocks soaring as investors weigh company outlooks
Business News

Strong earnings may not send stocks soaring as investors weigh company outlooks

Expectations are high for corporate earnings as the reporting season begins. Analysts are less certain that the results will actually lift share prices
Handelsbanken and Swedbank Ranked World’s Safest Banks in Global Finance List
Business News

Handelsbanken and Swedbank Ranked World’s Safest Banks in Global Finance List

Swedish 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
Swedish Economy Grows 1.1% in August, Beating Forecasts
Business News

Swedish Economy Grows 1.1% in August, Beating Forecasts

The Swedish economy grew by 1. 1 percent in August compared with the previous month, according to a GDP indicator from Statistics Sweden (the national statistics agency)
SEB and Nordea Lent SEK 14 Billion to Companies Operating in the Arctic, Report Says
Sweden News

SEB and Nordea Lent SEK 14 Billion to Companies Operating in the Arctic, Report Says

In 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
Nordea Sees Sweden’s Economy Improving Across All Regions as Recovery Takes Hold
Business News

Nordea Sees Sweden’s Economy Improving Across All Regions as Recovery Takes Hold

The Swedish economy is now expected to pick up across the board. The outlook is brighter across the country, according to Nordea’s latest forecast
Sweden Inflation Forecast to More Than Double in September as Energy Costs Rise
Business News

Sweden Inflation Forecast to More Than Double in September as Energy Costs Rise

Swedish households are starting to feel the effects of energy prices driven up by the war. Higher electricity bills and rising fuel prices mean inflation may have more than doubled in September, according to analysts’ forecasts
Here are the key challenges facing Sweden’s next finance minister
Business NewsTop News

Here are the key challenges facing Sweden’s next finance minister

Trump, climate, AI and competitiveness. Regardless of who becomes finance minister in the coming years, there are many challenges awaiting the Swedish economy
ECB signal and US inflation could push up Swedish mortgage rates
Business News

ECB signal and US inflation could push up Swedish mortgage rates

Clear signals of future interest rate hikes from the European Central Bank (ECB) or an unexpectedly high US inflation figure could eventually push up mortgage rates in Sweden. A first step could be for the Swedish Central Bank, in two weeks, to signal an interest rate hike later this year
Swedbank: Rate hike in September would be a real surprise as inflation rises
Business News

Swedbank: Rate hike in September would be a real surprise as inflation rises

Inflation is clearly on the rise. But not yet enough for the Swedish Central Bank to raise interest rates in a few weeks, analysts believe
Stockholm stock market reverses course to end higher after strong US jobs data
Business News

Stockholm stock market reverses course to end higher after strong US jobs data

Unexpectedly strong jobs figures from the US briefly pushed the Stockholm stock market lower. But in the final stretch, sentiment lifted it to a slight gain
Norway backs proposal for Nordic super stock exchange
Business News

Norway backs proposal for Nordic super stock exchange

The proposal for a joint Nordic stock exchange gets the thumbs up from Norway. Øivind Amundsen, CEO of the Oslo Stock Exchange, sees advantages in closer cooperation
AI could cut banking jobs, SEB warns
Business News

AI could cut banking jobs, SEB warns

AI developments could hit the labor market hard in the banking sector.
Nordea economist says households are not ready for rate cuts as krona weakens
Business News

Nordea economist says households are not ready for rate cuts as krona weakens

In November, the Swedish Central Bank will raise the key interest rate. In addition, another increase will be carried out in February
Rising interest rates drag down Stockholm Stock Exchange as OMXS falls 1.1%
Business News

Rising interest rates drag down Stockholm Stock Exchange as OMXS falls 1.1%

The Stockholm Stock Exchange's broad OMXS index fell 1. 1 percent on Tuesday - in line with major stock exchanges around the world
Nordea customers unable to log in overnight after bank outage
Business News

Nordea customers unable to log in overnight after bank outage

Customers have had problems logging in to their accounts at major bank Nordea during the night leading up to Sunday.
Strong growth raises risk of Swedish central bank rate hike this year
Business News

Strong growth raises risk of Swedish central bank rate hike this year

Strong GDP figures, positive household sentiment and a buoyant economy increase the risk that the Swedish Central Bank will raise the key interest rate already this year, according to Nordea. State-owned SBAB, in turn, predicts a hike in the key interest rate in November this year
Stockholm Stock Exchange closes week at record high
Business News

Stockholm Stock Exchange closes week at record high

The Stockholm Stock Exchange closed the trading week at a historic high. The OMXS index rose 0
Interest rate forecasts split as banks disagree on next Riksbank hike
Business News

Interest rate forecasts split as banks disagree on next Riksbank hike

An 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
Swedish households hit record high in real disposable income ahead of election
Business NewsTop News

Swedish households hit record high in real disposable income ahead of election

Swedes can head to the polls with their spending pants on. Households have been better off in recent years
Syria Eyes Iraq Oil Pipeline to the Mediterranean as Gulf Tensions Rise
World News

Syria Eyes Iraq Oil Pipeline to the Mediterranean as Gulf Tensions Rise

The war between Iran and Israel and the crisis in the Strait of Hormuz have rocked global oil markets. Now Syria hopes to open an oil pipeline from Iraq to the Mediterranean and thereby establish itself as a force in the energy market
Syria and Iraq plan oil pipeline to the Mediterranean as Hormuz tensions rise
World News

Syria and Iraq plan oil pipeline to the Mediterranean as Hormuz tensions rise

The Iran war and the crisis around the Strait of Hormuz have shaken global oil markets. Now Syria hopes to open an oil pipeline from Iraq to the Mediterranean and thereby establish itself as a player in the energy market
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