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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
These banks offered the lowest variable mortgage rates in July
Business News

These banks offered the lowest variable mortgage rates in July

Skandiabanken offered the lowest variable mortgage rate to its customers in July. Among the major banks, Nordea's average variable rate was the highest
Stockholm Stock Exchange closes slightly lower as AstraZeneca rebounds and Boliden rises
Business News

Stockholm Stock Exchange closes slightly lower as AstraZeneca rebounds and Boliden rises

The Stockholm Stock Exchange started the trading day clearly higher, but then turned sour. At the close, the broad OMXS index had fallen 0
Strong Stockholm stock market year seen after stable Q2 reports, but Middle East risks remain
Business NewsTop News

Strong Stockholm stock market year seen after stable Q2 reports, but Middle East risks remain

The big names on the Stockholm Stock Exchange have laid their cards on the table for the second quarter. The reports point to profit growth and a strong stock market year
Bloomberg error briefly wiped about SEK 19 billion off Nordea’s market value
Business News

Bloomberg error briefly wiped about SEK 19 billion off Nordea’s market value

Incorrect reports can cause billions of dollars in losses on the stock market - something that happened when the news agency Bloomberg got Nordea's figures wrong. If there is an incorrect flash, there can be quite large price effects, especially in a somewhat thin summer market, says Lars Söderfjäll, head of equities at the Bank of Åland, to TT
Nordea hit by brief Swish outage, affecting payments to and from the bank
Business News

Nordea hit by brief Swish outage, affecting payments to and from the bank

Mortgages are falling, but savings have become the banks’ new profit engine
Business NewsTop News

Mortgages are falling, but savings have become the banks’ new profit engine

The major banks are currently earning less on customers' mortgages. They are making that up with savings
Swedbank CEO: Mortgage margin at historic low amid fierce competition
Business News

Swedbank CEO: Mortgage margin at historic low amid fierce competition

Profits from customers' mortgages are under pressure, according to Swedbank CEO Jens Henriksson. The mortgage margin is probably the lowest in history, he says
Stockholm Stock Exchange rises as Atlas Copco jumps on strong semiconductor demand
Business News

Stockholm Stock Exchange rises as Atlas Copco jumps on strong semiconductor demand

The Stockholm Stock Exchange's broad OMXS index rose 0. 4 percent on Thursday, partly thanks to a strong report from index-heavy Atlas Copco
Nordea profit before loan losses rises to EUR 1.7 billion in second quarter
Business News

Nordea profit before loan losses rises to EUR 1.7 billion in second quarter

The Helsinki-based major bank Nordea - one of the big four in the Swedish banking market - reports a profit before loan losses of EUR 1. 7 billion for the second quarter
Norwegian bank DNB posts slightly better-than-expected second-quarter profit
Business News

Norwegian bank DNB posts slightly better-than-expected second-quarter profit

The major Norwegian bank DNB reports a profit before tax of 13. 0 billion Norwegian kroner for the second quarter
Strong reporting season expected as earnings flood begins next week
Business NewsTop News

Strong reporting season expected as earnings flood begins next week

The flood of reports gets going in earnest next week. The economy looks good, says Lars Söderfjell at the Bank of Åland
Inflation falls to 1.3% in June, but mortgage rates seen unchanged
Business News

Inflation falls to 1.3% in June, but mortgage rates seen unchanged

Inflation according to the CPIF measure fell to 1. 3 percent in June, according to a preliminary calculation by Statistics Sweden (SCB)
Stock market shows some courage as oil price falls
Business News

Stock market shows some courage as oil price falls

The Stockholm Stock Exchange closed slightly higher on Monday after being in the red for much of the day. Falling oil prices and positive signals from peace talks between Iran and the United States contributed to the rise
Interest rate hike flagged: 50 percent probability
Business NewsTop News

Interest rate hike flagged: 50 percent probability

The Swedish Central Bank leaves the key interest rate unchanged at 1. 75 percent
Higher costs threaten Swedish households this autumn
Business News

Higher costs threaten Swedish households this autumn

Swedish households are at risk of facing more expensive mortgages in addition to higher electricity and fuel prices this autumn. A step toward that could come on Thursday, when the European Central Bank (ECB) may increase pressure on the Swedish Central Bank to raise interest rates
Swedish economy shrinks unexpectedly in first quarter, down 0.2%
Business News

Swedish economy shrinks unexpectedly in first quarter, down 0.2%

The Swedish economy shrank by 0. 2 percent in the first quarter from the previous quarter, according to Statistics Sweden (SCB)
Danske Bank lowers interest rate on three-month variable mortgages
Business News

Danske Bank lowers interest rate on three-month variable mortgages

Danske Bank is lowering the interest rate on mortgages with a three-month term by 0. 05 percentage points, the bank said in a press release
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