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With her biggest triumph in years, Naomi Osaka lost to world No. 1 and three-time defending champion Iga Swiatek at the French Open today, Wednesday May 29. Few even considered that Osaka, less than a year after giving birth, with little success on clay, would stand a chance. Swiatek saved a match point, then let Osaka’s errors bring her back on serve. A killer cross-court backhand winner brought her to match point, and then she watched Osaka send one more backhand long.
Persons: Naomi Osaka, Iga Swiatek, It’s, Swiatek, Roland Garros, Philippe, Osaka, Richard Gasquet, Mateo Villalba Organizations: Wednesday, Osaka, Getty Locations: Osaka, California
Christchurch, New Zealand – CNN —Sitting side by side in the mosque’s meeting room, Temel Ataçocuğu and Imam Gamal Fouda hunch over in laughter. But today, the two have agreed to meet at the mosque and catch up on five years’ worth of personal news. But behind his home, a modest townhouse on a quiet street in central Christchurch, he’s found purpose in the flowers, succulents, fruits and vegetables he’s planted. After the shooting, Ataçocuğu was hospitalized for over a month and feared he would never play again. Here, Ataçocuğu is known as a funny, warmhearted and competitive striker, not just a survivor of the Christchurch mosque shootings.
Persons: Temel Ataçocuğu, Gamal Fouda, , Fouda, Ataçocuğu, Imam Gamal Fouda, Vincent Thian, , ” Fouda, ” Ataçocuğu, , Don’t, he’s, Alaa Elassar, can’t, It’ll, It’s, Ataçocuğu’s, Adem, Sami, fatherless, Melis, Allah, Mucad Ibrahim –, Mark Baker, He’s, ” Sami Organizations: New Zealand, CNN, Linwood Islamic, Halswell, Locations: Christchurch, New, Al Noor, Christchurch , New Zealand, Linwood, Linwood Islamic Centre, Alaa
HAMILTON, New Zealand—Scientists here are betting that a small field surrounded by cattle farms will help to solve a crucial problem threatening the global food supply: how to keep the grass and other plants that livestock eat in pastures from wilting under extreme heat and drought. The field is part of an experiment that aims to develop new varieties of pasture plants that can tolerate high temperatures, less rain and more variability in the weather that is expected from climate change. Researchers around the world, from the U.S. to Europe, are racing to conduct similar trials with their own local grass species.
Organizations: New Zealand — Locations: HAMILTON, New Zealand, wilting, U.S, Europe
HAMILTON, New Zealand—Scientists here are betting that a small field surrounded by cattle farms will help to solve a crucial problem threatening the global food supply: how to keep the grass and other plants that livestock eat in pastures from wilting under extreme heat and drought. The field is part of an experiment that aims to develop new varieties of pasture plants that can tolerate high temperatures, less rain and more variability in the weather that is expected from climate change. Researchers around the world, from the U.S. to Europe, are racing to conduct similar trials with their own local grass species.
Organizations: New Zealand — Locations: HAMILTON, New Zealand, wilting, U.S, Europe
Sweden's SBB posts bigger Q3 loss
  + stars: | 2023-11-13 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Marie Mannes/File Photo Acquire Licensing RightsSTOCKHOLM, Nov 13 (Reuters) - Debt-laden Swedish property group SBB (SBBb.ST) reported a widening of its pre-tax loss in the third quarter on Monday. The landlord, which owns properties across Sweden including hospitals and care homes, reported a pre-tax loss of 3.13 billion Swedish crowns ($287 million) for continuing operations, compared to a loss of a revised 2.56 billion a year ago. This was weaker than Carlsquare analyst Bertil Nilsson's expectation of a loss of 2 billion crowns. SBB slashed its property values by 3.52 billion crowns in the quarter, after analysts had warned property values in the sector could continue to see pressure from high interest rates. Its net operating income came in at 0.93 billion crowns, down from revised 1.02 billion a year earlier.
Persons: Marie Mannes, Bertil Nilsson's, Greta Rosen Fondahn, Terje Solsvik Organizations: SBB, REUTERS, Rights, Brookfield, Thomson Locations: Stockholm, Sweden, Rights STOCKHOLM, Swedish
It’s a tricky thing to write a crotchety old person, and pretty soon the reader wonders what sort of redeeming qualities will make it desirable to spend time in Eugene’s presence. “Well, imagine being young,” he explains. Eugene begins the novel in self-confinement, hiding away in his room doing jigsaw puzzles, but Angel has a charm that slowly wins over the grouch. Angel gives him nicknames, like calling Eugene “homie,” “dog” and “Geno,” much to his chagrin; and he urges the old man to leave his bubble. Eventually Eugene’s reserve cracks, and he agrees to lunch at an outdoor picnic table, where he begins to tell Angel the story of his life.
Persons: Jonathan Evison, Jonathan Evison’s, , Eugene Miles, , Irma, gardenias, , Eugene, Angel, Eugene “ homie, “ Geno Locations: California, Eugene, Chicano
Wall Street’s Green Shoots Risk Wilting
  + stars: | 2023-10-19 | by ( Telis Demos | ) www.wsj.com   time to read: 1 min
A lot is riding on megabanks’ highly profitable Wall Street arms to help sustain returns as deposit costs rise and credit losses emerge. Photo: Marissa Alper for The Wall Street JournalBankers tend to turn into gardeners when talking about the continuing dearth of mergers and other investment-banking deals. They mention “green shoots,” in the form of an acquisition here, or an initial public offering there, as hopeful signs of regrowth. But this analogy might be too delicate for today’s world. Between the low-growth economic outlook, surging Treasury yields and wars in Israel and Ukraine, the risk isn’t just that the soil is a bit dry.
Persons: Marissa Alper, Organizations: Wall Street Locations: Israel, Ukraine
Treasury bond indexes are down as much as 2.5% this year, not a huge move and most of it has come since Federal Reserve policymakers published their upwardly revised median policy projections on Sept. 20. For an investor with a typical portfolio weighted 60% stocks and 40% bonds, these losses are more than offset by double-digit equity returns. Their base case is for a 14% return on 10-year Treasuries, rising to 20% in the event of recession. Even in their upside scenario of a more resilient economy, 10-year Treasuries should return around 10% over the coming year, they estimate. Commodity Futures Trading Commission data, meanwhile, showed that asset managers had built up a then record net long position in 10-year Treasuries futures of 1.26 million contracts by mid-January.
Persons: Kevin Lamarque, , Keith Lerner, Jonathan Duensing Organizations: Department of, U.S . Treasury, REUTERS, U.S, Treasuries, U.S ., Bank of America, Treasury, Bloomberg U.S, ICE, Advisory, Fed, UBS, Bank of, Futures, Amundi, Reuters Locations: ORLANDO, Florida, Washington , U.S, U.S . Republic, Treasuries
Treasury bond indexes are down as much as 2.5% this year, not a huge move and most of it has come since Federal Reserve policymakers published their upwardly revised median policy projections on Sept. 20. For an investor with a typical portfolio weighted 60% stocks and 40% bonds, these losses are more than offset by double-digit equity returns. Their base case is for a 14% return on 10-year Treasuries, rising to 20% in the event of recession. Even in their upside scenario of a more resilient economy, 10-year Treasuries should return around 10% over the coming year, they estimate. Commodity Futures Trading Commission data, meanwhile, showed that asset managers had built up a then record net long position in 10-year Treasuries futures of 1.26 million contracts by mid-January.
Persons: Kevin Lamarque, , Keith Lerner, Jonathan Duensing Organizations: Department of, U.S . Treasury, REUTERS, U.S, Treasuries, U.S ., Bank of America, Treasury, Bloomberg U.S, ICE, Advisory, Fed, UBS, Bank of, Futures, Amundi, Reuters Locations: ORLANDO, Florida, Washington , U.S, U.S . Republic, Treasuries
Sept 24 (Reuters) - Swedish property group SBB (SBBb.ST) on Sunday divested 1.16% of its education subsidiary EduCo to Brookfield Super-Core Infrastructure Partners for around 242 million Swedish crowns ($21.73 million) as it looks to bolster its finances. SBB will hold approximately 49.84% of EduCo after the divestment, following which EduCo will be controlled by Brookfield. As part of the deal announced on Sunday, EduCo will repay part of its inter-company loan from SBB, resulting in the Stockholm-based company receiving approximately 7.8 billion Swedish crowns ($700.46 million) in cash. SBB's remaining loan to EduCo will be around 5.5 billion Swedish crowns. Brookfield Super-Core Infrastructure Partners is the infrastructure fund of Canada's Brookfield Asset Management(BAM.TO).
Persons: EduCo, Brookfield, Rishabh, Barbara Lewis, Sharon Singleton Organizations: SBB, Sunday, Brookfield, Core Infrastructure Partners, International Monetary Fund, Brookfield Asset Management, Community, Thomson Locations: Brookfield, Sweden, Stockholm, EduCo, Bengaluru
Prince Abdulaziz bin Salman at the World Petroleum Congress in Calgary, Canada, on Sept. 18, 2023. Bloomberg | Bloomberg | Getty ImagesSaudi Arabia's energy minister said Riyadh and Moscow's decision to extend crude oil supply cuts is not about "jacking up prices," as Brent futures hover near $95 a barrel and analysts predict further rises into triple digits. The increases have rallied some analysts around speculation of a short-term return to oil prices at $100 per barrel. Asked on the possibility of hitting that threshold, Chevron CEO Mike Wirth on Monday admitted oil prices could cross into triple digits in a Bloomberg TV interview. Energy prices have repeatedly underpinned higher inflation in the months since the war in Ukraine and Europe's gradual loss of access to sanctioned Russian seaborne oil supplies.
Persons: Prince Abdulaziz bin Salman, Topping, Mike Wirth, We're, we're, Abdulaziz, Fatih Birol, they've, Amin Nasser Organizations: World Petroleum Congress, Bloomberg, Getty, Saudi, Brent, Saudi Energy, Organization of, Petroleum, Chevron, International Energy Agency, IEA, CNBC, United Arab Emirates Locations: Calgary, Canada, Riyadh, OPEC, Saudi Arabia, Russia, London, U.S, Ukraine, Paris, China, Saudi, Aramco, United Nations
CALGARY, Alberta, Sept 18 (Reuters) - The CEOs of top Saudi Arabian and U.S. oil producers Aramco (2222.SE) and Exxon Mobil (XOM.N) on Monday pushed back against forecasts that oil demand will peak, and said the transition to cleaner energy to fight climate change would require continuing investment in conventional oil and gas. Speaking at the World Petroleum Congress in Calgary, Aramco CEO Amin Nasser said talk of peak oil demand had come up often before. Current demand is around 100 million bpd. The Organization of the Petroleum Exporting Countries, which has also dismissed the IEA peak oil estimate, is more upbeat about demand, expecting growth of 2.44 million bpd this year to 102.1 million bpd, compared with the IEA's forecast of 2.2 million bpd of growth. This year's conference theme is the energy transition.
Persons: Amin Nasser, Nasser, Prince Abdulaziz bin Salman, Prince Abdulaziz, Julia Levin, Darren Woods, Woods, Nia Williams, Rod Nickel, Christina Fincher, Marguerita Choy Organizations: Saudi Arabian, Aramco, Exxon Mobil, Monday, International Energy Agency, World Petroleum Congress, of, Petroleum, Congress, Saudi Arabia's Energy, IEA, Environmental Defence, Exxon, Thomson Locations: CALGARY, Alberta, Saudi, U.S, Calgary, Environmental Defence Canada
In the gloom of China’s economy, one area of business is booming: cosmetics. After enduring nearly three years of mandatory masks and frequent lockdowns during the pandemic, many Chinese consumers, wary of big-ticket purchases like apartments, are now splurging on lipstick, perfume, moisturizers and other personal care products. But cosmetics companies from France, Japan, South Korea and the United States, which have invested heavily in China, are missing out on a lot of the action. As China’s cosmetics companies are booming, imports of cosmetics are wilting under regulations that the country imposed on foreign manufacturers during the pandemic. While China’s trade conflicts with the West over semiconductors pivot on national security and technological innovation, the dispute over cosmetics is largely about money.
Locations: France, Japan, South Korea, United States, China
Poor Italy secure bonus-point win over Namibia
  + stars: | 2023-09-09 | by ( ) www.reuters.com   time to read: +2 min
The Italians led 17-8 at the break and later scored a superb 60-metre try through livewire wing Ange Capuozzo. Namibia’s wait for a first World Cup win extends to a record 23 games, though they also scored an excellent try via wing Gerswin Mouton. Italy were the first to score a try after 11 minutes when Lorenzo Cannone went over after a lineout maul with Namibia already down to 14 men as hooker Torsten van Jaarsveld was sin-binned. However, Italy were much stronger after the break and the difference in quality off the bench all too evident. Manuel Zuliani took advantage of a tiring Namibia defence to break two tackles and race down the line for his 78th minute try.
Persons: Stade Geoffroy, Guichard, Ange Capuozzo, Lorenzo Cannone, Torsten van Jaarsveld, Richard Hardwick, Paolo Garbisi, Tiaan, Mouton, Swanepoel, Namibia’s, Lock Dino Lamb, Monty Ioane, Manuel Zuliani, Paolo Odogwu, Tommaso Allan, Nick Said, Mark Gleeson Organizations: Italy, Namibia, Rugby, Stade, livewire, Gerswin, Thomson Locations: Namibia, ETIENNE, France, Italy, Gerswin Mouton
Investors are ignoring the parallel between today's market and 1999, an investment chief warns. Brent Schutte, the chief investment officer for Northwestern Mutual's wealth management arm, isn't sure this year's returns have staying power. "This reminds me a lot of 1999 to 2000 where a small group of stocks kept pulling the market higher," Schutte said in a recent interview with Insider. Unless there's a sudden influx of workers that drives down wage growth through competition, the investment chief said the economy will steadily lose momentum. 3 ways to protect your portfolio nowDespite the recent market pullback, investors don't seem to be too worried.
Persons: Brent Schutte, Schutte, you've, they're, hasn't, Schutte isn't Organizations: Northwestern, CPI, Workers
Legal net tightens while Trump creates new echo of first impeachmentTrump’s legal struggles still dominate the Republican race. Despite Trump’s legal woes, no rival Republican has shown much sign of narrowing his double-digit lead in national primary polls. The PAC, Save America, has spent more than $40 million on legal fees since the start of this year, a source familiar with the matter told CNN, which is more than double the amount the group spent on legal fees in all of 2022. The details of the spending on legal fees by Trump’s PAC were first reported by the Washington Post. “I have good friends who did nothing wrong who had their legal fees paid by Save America PAC.
Persons: Donald Trump’s, Joe Biden, Chris Christie –, Trump, can’t, Donald Trump, it’s Trump, ” Christie, Kasie Hunt, , Nikki Haley, Haley, hoarded, Ron DeSantis, he’s, ” DeSantis, Biden, Kamala Harris, Harris, , DeSantis, Smith, Walt Nauta, Carlos De Oliveira, Trump’s, Hunter, Hunter Biden, Volodymyr Zelensky, Joe Biden’s, ” Trump, Steven Cheung, De Oliveira, Michael Glassner, The New York Times . Ohio Republican Sen, J, Vance, ” Vance, Fani Willis, ” Willis, “ We’ve, We’re Organizations: CNN, PAC, GOP, Former New Jersey Gov, , CNN’s, America, South Carolina Gov, Cabinet, United Nations, Justice Department, White House . Florida Gov, ABC News, Republican, Sunshine State, Black Republican, Trump, White, Republican Party, Democratic, Federal, Save, Trump’s PAC, Washington Post, Patriot Legal Defense Fund Inc, The New York Times, The New York Times . Ohio Republican, Twitter, Save America PAC, Save America, Department of Justice, WXIA Locations: Georgia, Washington, New Hampshire, CNN’s “ State, Florida, Washington , Georgia, New York, Mar, Iowa, Erie , Pennsylvania, Ukraine, The New York Times . Ohio, Manhattan, Fulton County , Georgia, Fulton County
On an adjusted basis, its profit of $3.12 per share missed analysts' average estimate of $3.14 per share, as per Refinitiv IBES data. Growth in revenues from the company's Commodity Insights and Indices segments could not meet Street expectations. S&P's Market Intelligence segment posted a 5% rise in sales, taking the firm's total revenue up 4% to $3.1 billion in the quarter through June. S&P Global, which provides essential market intelligence to governments, corporates and institutional investors, completed the divestiture of its Engineering Solutions unit to global investment firm KKR Inc (KKR.N) in May. Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.
Persons: Jaiveer Singh, Shweta Agarwal Organizations: Intelligence, P Global Inc, P's, P, Solutions, KKR Inc, Thomson Locations: Bengaluru
STOCKHOLM/FRANKFURT, July 27 (Reuters) - Sweden has the financial muscle to intervene to stem any fire sale of property from companies rushing to sell out, the head of the country's debt agency told Reuters on Thursday. Karolina Ekholm, Director General at the Debt Office, said the government had a light debt load and could afford to borrow more to intervene to buoy the property sector should a threat emerge to wider financial stability. High debts, rising interest rates and a wilting economy has produced a toxic cocktail for Sweden's commercial property companies, with several cut to junk by rating agencies. The former central bank official pointed to the government's financial clout and that it could issue debt in either euros or U.S. dollars. "It would have to be something that threatens financial stability in Sweden and so far we haven't seen any of that."
Persons: Karolina Ekholm, Ekholm, Conor Humphries Organizations: Reuters, Organisation for Economic Cooperation, Development, AAA, Thomson Locations: STOCKHOLM, FRANKFURT, Sweden
Unflappable Harman, the hunter who refused to be hunted
  + stars: | 2023-07-23 | by ( Ed Osmond | ) www.reuters.com   time to read: +3 min
"So pleased with the way I hung in there the last couple days," Harman told reporters. "Got off to a bad start both days and turned it around, so really happy with that." Starting his third round shortly after Rahm had completed a course-record 63, Harman dropped two shots in his first four holes. "It would have been really easy to let the wheels start spinning and really kind of let it get out of control," he said. Harman said he had always believed he could win a major but was worried he might have missed his chance.
Persons: Brian Harman, Phil Noble HOYLAKE, Harman, Rory McIlroy, Jon Rahm, Rahm, McIlroy, Brooks Koepka, It's, I've, Ed Osmond, Pritha Sarkar Organizations: 151st, Royal, 151st Open, REUTERS, Thomson Locations: Royal Liverpool, Hoylake, Britain, U.S, England, Georgia
Another source inside Barclays' investment bank, talking anonymously because they are not authorised to speak to the media, said lower staff attrition at its technology and back office operations had started to worry cost-conscious managers. The BCG review could lead to layoffs, the source familiar with the review said, although no decisions have been made. Some top Barclays investors, however, told Reuters they would have misgivings about a plan to prioritise investment over capital distributions. But a recent shake-up at its investment bank has raised concern about Barclays' ability to compete amid a worldwide dealmaking slump. They are not valued properly together," said Alan Beaney, chief executive at RC Brown Investment Management, which has held Barclays shares since 2012.
Persons: C.S, shivers, Richard Marwood, Venkat, Edward Bramson, Richard Buxton, Alan Beaney, Elisa Martinuzzi, Mark Potter Organizations: Barclays, Boston Consulting, Reuters, Royal London Asset Management, Lehman Brothers, Jupiter Asset, RC Brown Investment Management, BNP, HSBC, Reuters Graphics Barclays, Jefferies, Thomson Locations: U.S, Africa
BENGALURU, July 6 (Reuters) - The U.S. dollar will hold its ground against most major currencies for the rest of the year despite expectations of narrowing interest rate differentials as the U.S. economy stays resilient, according to FX strategists polled by Reuters. "The tightness of the U.S. labour market may help the economy and the dollar in the very short term," said Kit Juckes, chief FX strategist at Societe Generale. "Even if we see (interest) rate convergence, it seems unlikely a new major euro uptrend will start without stronger growth." Indeed, a majority of common contributors showed the dollar view against most major currencies for the coming six months has been either upgraded or kept unchanged from a month ago. "The dollar is getting a tailwind from the Fed ... the current strength is on a repricing of the Fed (rate) higher," said John Hardy, head of FX strategy at Saxo Bank.
Persons: Jerome Powell, Kit Juckes, Jonas Goltermann, Sterling, John Hardy, Indradip Ghosh, Shaloo Srivastava, Sarupya Ganguly, Anitta Sunil, Veronica Khongwir, Hari Kishan, Ross Finley, Matthew Lewis Organizations: U.S, Reuters, Federal Reserve, European Central Bank and Bank of England, Societe Generale, Futures Trading Commission, Capital Economics, Saxo Bank, Thomson Locations: BENGALURU, U.S, Europe, Asia, Britain, Bengaluru
Kostyuk makes light of rain breaks to stun eighth seed Sakkari
  + stars: | 2023-07-05 | by ( ) www.reuters.com   time to read: +2 min
"Every time I was going into a rain break I was going into different emotions," said Kostyuk, who was also emotional several times during the match. Sakkari initially looked undisturbed by the rain suspension, taking the first set soon after the restart. Her new training partnership with former Wimbledon finalist Mark Philippoussis looked to be paying off with Sakkari in complete control. Kostyuk, however, turned the tables in the second set with aggressive play that forced Sakkari into more unforced errors. Sakkari was wilting by then and Kostyuk took nine consecutive games en route to a 5-1 lead before sealing victory on her first match point.
Persons: Ukraine's Marta Kostyuk, Greece's Maria Sakkari, Andrew Couldridge, Marta Kostyuk, Maria Sakkari, Kostyuk, Sakkari, Mark Philippoussis, Karolos Grohmann, Ed Osmond Organizations: Lawn Tennis, Croquet Club, Greece's Maria Sakkari REUTERS, Wimbledon, Ukrainian, Thomson Locations: London, Britain, Ukrainian
What could break as interest rates rise?
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +5 min
Sweden, where rates rose again on Thursday, is one to watch with most homeowners' mortgages moving in lockstep with rates. Reuters Graphics2/ REAL ESTATE: PART 2Having taken advantage of the low rates era to borrow aplenty and buy up property assets, the commercial real estate sector is grappling with higher debt refinancing costs as rates rise. "The single most important thing is interest rates. But not just interest rates; what it is equally important is the predictability of rates," said Thomas Mundy, EMEA head of capital markets strategy at real estate firm JLL. "If we were settled on an interest rate, real estate prices could adjust.
Persons: Richard Portes, Thomas Mundy, Banks, Florian, Ielpo, Jerome Powell, Markus Allenspach, Julius Baer, Nick Kraemer, Wagner, Vladimir Putin's, Putin, Tina Fordham, Chiara Elisei, Naomi Rovnick, Nell Mackenzie, Karin Strohecker, Vincent Flasseur, Kripa Jayaram, Sumanta Sen, Pasit, Dhara Ranasinghe, Alison Williams Organizations: International Monetary Fund, Reuters, Federal, Finance, London Business School, Lombard, Federal Reserve, Casino, Sweden's SBB, Fordham Global Foresight, Thomson Locations: Britain, Norway, Russia, Sweden, lockstep, London's, City, RUSSIA, Ukraine
[1/2] The HSBC headquarters is seen in the Canary Wharf financial district in east London February 15, 2015. The ripple effects of so many companies slashing office space has significantly impacted wider markets. 'GENIE OUT OF THE BOTTLE'HSBC for its part has one of the most aggressive targets to cut office space among major employers, with a commitment to axe around 40% globally. Canary Wharf Group, the Docklands commercial landlord, declined to comment. One of the Canary Wharf estate's newer developments, the YY building - a recently completed redevelopment of Thomson Reuters' former headquarters opposite Canary Wharf station - remains vacant, Bloomberg has reported.
Persons: Peter Nicholls, Tony Travers, Travers, Knight Frank, Weil, Gerardine Davies, HSBC's, Moody's, YY, Andrew Mawson, Iain Withers, Chiara Elisei, Sinead Cruise, Paul Sandle, Mark Potter Organizations: HSBC, REUTERS, Companies, London School of Economics, of, Perenna Capital Management, BT, UBS, City of London Corporation, Canary, Canary Wharf Group, Docklands, Thomson Reuters, Bloomberg, Workplace Associates, Employees, Thomson Locations: Canary, London, St Paul's Cathedral, of London, Real, Sweden, Aldgate, City, Swiss, Docklands, Canary Wharf
High debts, rising interest rates and a wilting economy has produced a toxic cocktail for Sweden's commercial property companies, with several cut to junk by rating agencies. Sweden and Germany are among the worst affected by a widening property slump on the continent, according to Eurostat. Swedish officials are worried that banks could compound property companies' troubled by cutting credit, triggering firesales that would further drag down the market. Financial markets minister Wykman said he had held discussions with banks, property companies and investors about the entire commercial property market. This week, analysts at JP Morgan said big banks in Sweden, which had 1 trillion Swedish crowns of property exposure, were 'ill-prepared' for losses.
Persons: Niklas Wykman, Wykman, Ilija Batljan, Batljan, JP Morgan, Finland's, SEBa.ST, Chiara Elisei, Sinead Cruise, John O'Donnell, Toby Chopra Organizations: Organisation for Economic Cooperation, Development, Financial, Reuters, Eurostat, OECD, Reuters Graphics, SBB, JP, Thomson Locations: STOCKHOLM, FRANKFURT, Europe, Sweden, Germany, Stockholm, Swedish, Spain, Ireland, London
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