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The central bank said the biggest risk to banks was their exposure to highly indebted commercial property companies, but added high levels of household debt were also a problem. "The economic development entails an increased risk for major credit losses among major Swedish banks," the central bank said in a regular report on financial stability. Property companies make up about 43% of banks' corporate lending. "In the worst case, higher borrowing costs could lead to property companies defaulting on their payments," the Riksbank said in its report. Shares in Sweden's major banks traded lower on Wednesday, reflecting a fall in the wider European index.
Fueled by a post-lockdown buying frenzy, the average UK house price hit a record £275,000 ($315,474) in December, a £27,000 increase on the previous year’s high. UK mortgage rates have been ticking upwards since spring, in line with rising interest rates. UK house prices fell 0.9% between September and October, the first decline in 15 months, according to data from Nationwide. A drop in buying power makes a significant drop in house prices inevitable, according to Andrew Wishart, a senior economist at Capital Economics. When house prices fall, homeowners feel less confident about their personal finances, causing them to cut back on spending and hold off on making additional investments.
STOCKHOLM, Oct 31 (Reuters) - The Swedish economy is heading into a recession next year, driven by rampant inflation and the war in Ukraine, the country's new finance minister said on Monday. "Sweden's economic outlook is gloomy and we're heading for a tough winter," Svantesson told a news conference, adding that there was a high risk developments will be even weaker than the main scenario. Svantesson pledged to stick to Sweden's fiscal policy framework under which public finances are run at a 0.3% of GDP surplus over an economic cycle. "For us and me, it is important that fiscal policy in this situation is well balanced, that fiscal policy does not fuel inflation. And we will stick to the fiscal policy framework, and thereby ensure that we have room for manoeuvre if next year becomes even more difficult," she said.
Electricity prices have hit record levels in Europe after Russia's invasion of Ukraine and a fall in nuclear power production in several countries. Telia, which operates in the Nordic and Baltic countries, has hedged expects electricity costs to go up by 600 million crowns from 2.2 billion in 2022. Despite higher energy costs, quarterly core earnings were broadly in line with market expectations as Telia's business grew in all its markets for the first time in a decade. Third-quarter adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) rose to 8.07 billion Swedish crowns from 7.74 billion a year ago, while analysts had expected 8.13 billion crowns, according to a company-provided poll. In the latest quarter, the company saved 100 million crowns in costs.
Ericsson's quarterly earnings miss estimates
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: 1 min
STOCKHOLM, Oct 20 (Reuters) - Sweden's Ericsson (ERICb.ST) on Thursday reported third-quarter core earnings that missed expectations for the second quarter in a row, as margins took a hit from higher component and logistics costs. The company's quarterly adjusted operating earnings fell to 7.1 billion Swedish crowns ($633.05 million) from 8.8 billion crowns a year earlier, missing analysts' mean forecast of 8.73 billion, according to Refinitiv data. ($1 = 11.2155 Swedish crowns)Register now for FREE unlimited access to Reuters.com RegisterReporting by Supantha Mukherjee in Stockholm; editing by Niklas PollardOur Standards: The Thomson Reuters Trust Principles.
Ericsson earnings miss estimates as costs dent margins
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: +1 min
STOCKHOLM, Oct 20 (Reuters) - Swedish telecom equipment maker Ericsson (ERICb.ST) on Thursday reported third-quarter core earnings that missed expectations for the second quarter in a row, as margins took a hit from higher component and logistics costs. The company's quarterly adjusted operating earnings fell to 7.1 billion Swedish crowns ($633.05 million) from 8.8 billion crowns a year earlier, missing analysts' mean forecast of 8.73 billion, according to Refinitiv data. Ericsson's quarterly revenue, however, rose to 68 billion crowns from 56.3 billion a year earlier, beating analysts' average estimate of 66.25 billion. Footprint gains with large-scale projects in early stages tend to have a dilutive impact on gross margins, Chief Executive Borje Ekholm said in a statement. ($1 = 11.2155 Swedish crowns)Register now for FREE unlimited access to Reuters.com RegisterReporting by Supantha Mukherjee in Stockholm; editing by Niklas PollardOur Standards: The Thomson Reuters Trust Principles.
Nordea profit tops consensus, outlook improves
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: +1 min
STOCKHOLM, Oct 20 (Reuters) - Finnish banking group Nordea (NDAFI.HE) posted third-quarter operating earnings just above market expectations on Thursday on the back of rising interest income and said its outlook for the full year had improved. The Nordic region's biggest bank reported an operating profit of 1.30 billion euros ($1.27 billion) in the quarter, up from 1.27 billion a year ago, beating the mean forecast of 1.26 billion in a Refinitiv poll of analysts. Earlier this week, Swedish rival Handelsbanken (SHBa.ST) reported record earnings on the back of a surge in interest income while reassuring about credit quality ahead. The Nordea group, created through the merger of several Nordic banks just over two decades ago, raised its full-year outlook somewhat, forecasting a cost-to-income ratio of 48–49% versus the previous 49–50%. ($1 = 1.0238 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Niklas Pollard, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.
Handelsbanken, whose main markets are Sweden, Norway and Britain, added that its net interest income, which includes revenues from mortgages, climbed to 9.58 billion crowns from 7.59 billion crowns a year ago, well above the 8.67 billion crowns seen by analysts. "Continued good volume growth, on both the private and corporate sides, together with recovering margins, has contributed to improved net interest income and to profits reaching a new all-time high." Meanwhile, commission income dipped to 2.73 billion crowns in the quarter from a year-ago's 2.87 billion crowns - just below forecast - while it booked credit loss reversals of 69 million crowns compared with net losses of 131 million crowns a year earlier. The 150-year-old bank said it made a gain on financial transactions, which include hedging instruments and yielded an unexpected setback earlier this year, of 471 million crowns versus a profit of 534 million crowns a year ago. Total expenses at the bank rose 11% from a year earlier to 5.12 billion crowns.
Ernaux, the first French woman to win the literature prize, said winning the award was "immense". "It's a long path that she makes in her life," Swedish Academy member Anders Olsson told Reuters. "I did not imagine at the time that 22 years later, the right to abortion would be challenged," Ernaux told reporters in Paris. 1/7 French novelist Annie Ernaux talks to the media after being announced as the winner of the 2022 Nobel Prize in Literature, in Cergy-Pontoise, France October 6, 2022. "I always said that I did not want to get the Nobel prize," she told reporters at her French publisher Gallimard's office.
Sweden's PM says Nord Stream leaks seen as deliberate acts
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +1 min
STOCKHOLM, Sept 27 (Reuters) - Sweden's prime minister said on Tuesday that two blasts had been detected in relation to the leaks of the Nord Stream pipelines with information suggesting likely sabotage, though this did not represent an act of war against Sweden. "We have Swedish intelligence, but we have also received information in our contacts with Denmark, and based on this concluded that this is probably a deliberate act. It is probably a matter of sabotage," Andersson said. "It is not a matter of an attack on Swedish or Danish territory. Europe was investigating major leaks in two Russian pipelines that spewed gas into the Baltic Sea near Sweden and Denmark on Tuesday as Sweden launched a preliminary probe into possible sabotage.
Danish Minster of Defense Morten Boedskov, Prime Minister Mette Frederiksen, Climate Minister Dan Joergensen and Minister of Foreign Affairs Jeppe Kofod speak to the media about the three gas leaks on the Nord Stream gas pipelines in the Baltic Sea, in Copenhagen, Denmark September 27, 2022. Scanpix 2022/Emil Helms via REUTERSCOPENHAGEN, Sept 27 (Reuters) - Leaks detected in the Nord Stream gas pipelines clearly were caused by deliberate actions and could not have been a result of accidents, Denmark's Prime Minister Mette Frederiksen said on Tuesday. It was not an accident," Mette Frederiksen said at a press briefing in Copenhagen. The leaks, first reported on Monday, were in international waters but inside Denmark's and Sweden's exclusive economic zone. Danish authorities assess that the damage was caused by blasts, Energy Minister Dan Jorgensen said at the briefing.
read moreThe hike was the biggest since November 1992, when the Riksbank also raised its key rate by a full percentage point. A majority of analysts in a Reuters poll had forecast a 75 basis point hike on Tuesday, with only two expecting a full percentage point. Rate-setters now see the policy rate peaking at around 2.5% in the second quarter of next year. "We ... believe the policy rate will be higher than that and we don't exclude a peak of 3.5% at the end of 2023," Lars Kristian Feste, head of fixed income at Ohman Group said. The Riksbank's forecast compares with June when the central bank said rates would reach about 2% early next year and then remain basically unchanged going forward.
A fost al 107-lea său gol la naţională, al 12-lea la EURO şi al treilea la EURO 2020. Jucătorul echipei Atalanta Bergamo a centrat perfect în faţa porţii (51), iar Havertz a reluat simplu din 3 metri. Cristiano Ronaldo a şutat violent din lovitură liberă (54), de la 25 de metri, dar mingea a trecut peste poartă. A fost pentru prima oară când Portugalia a încasat patru goluri într-un meci, de la eşecul suferit în 2014, la Cupa Mondială, 0-4 cu Germania. Ronaldo a marcat în premieră împotriva Germaniei, deşi are nouă goluri înscrise lui Neuer în opt partide la nivel de club.
Persons: Mannschaft, Ruben Dias, Raphael Guerreiro, Havertz, Robin Gosens, Cristiano Ronaldo, Diogo Jota, Loew, Gnabry, Patricio, Ronaldo, Bernardo Silva, Cristiano, Gosens, Egalarea, Guerreiro, Dias, Kimmich, Renato Sanches, Germania ., Neuer, Rui, Nelson Semedo, . Ruben Dias, . Pepe, William Carvalho, Rafa, Danilo, 10, Bruno Fernandes, Joao, Andre Silva, Fernando Santos ., Anthony Lopes, 6, Jose Fonte, Goncalo, . Ruben Neves, Pedro Goncalves, Diogo Dalot, Manuel Neuer, 4 . Matthias Ginter, Mats, Antonio, Joshua Kimmich, Ilkay, Niklas Suele, Toni Kroos, Marcel Halstenberg, Kai, Leon Goretzka, Thomas Muller, Serge Gnabry, Leroy Sane, Joachim Loew, Bernd Leno, Kevin Trapp, Kevin Volland, Timo Werner, 17, Florian Neuhaus, Robin Koch, Christian Gunter Organizations: Borussia, Agerpres, Atalanta Bergamo, CM, Cupa Mondială, EURO, Franţa, Euro, Fussball Arena, Rafa Silva Locations: lusitanii, diferenţă, Portugalia, Germania, Borussia Dortmund, Portugaliei, României, Germania . Portugalia, Ungaria, Elveţia, Germaniei, Franţa, Bucureşti, Munchen, Fussball, PORTUGALIA, GERMANIA
Luptătorul Maxim Saculțan a cucerit bronzul la Campionatul EuropeanMaxim Saculțan a cucerit medalia de bronz la Campionatul European de lupte de la Varșovia. În finala mică a categoriei de greutate 65 kg, el l-a învins pe bielorusul Andrei Bekreneu, transnite IPN. El a obținut alte două victorii, cu germanul Niklas Dorm și românul de origine rusă Nikolai Okhlopkov, dar i-a cedat în semifinale reprezentantului gazdelor, Krzysztof Bienkowski. La 70 kg, Mihail Sava a fost învins în finala mică de armeanul Arman Andreasyan. Astăzi, în meciul pentru medalia de bronz va lupta Valentin Borzin.
Persons: Maxim Saculțan, Saculțan, Bekreneu, Niklas, rusă Nikolai Okhlopkov, Krzysztof Bienkowski, Mihail Sava, armeanul, Valentin Borzin Locations: Varșovia, rusă
Maxim Saculțan va lupta pentru bronz la Campionatul European de lupteMaxim Saculțan va lupta pentru bronz la Europenele de lupte, care se desfășoară în Polonia. Sportivul a obținut două victorii în categoria de greutate 65 kg, cu germanul Niklas Dorm și românul de origine rusă Nikolai Okhlopkov. Apoi, Saculțan i-a cedat în semifinale reprezentantului gazdelor, Krzysztof Bienkowski. În finala mică, Maxim va întâlni învingătorul perechii Andrei Bekreneu (Belarus) – Ruhan Rasim (Bulgaria). Astăzi în recalificări va lupta Mihail Sava (70 kg), iar Gheorghii Rubaev (92 kg) și Samhan Jabrailov (125 kg) vor începe concursul direct din sferturi.
Persons: Maxim Saculțan, Niklas, rusă Nikolai Okhlopkov ., Saculțan, Krzysztof Bienkowski, Maxim, Andrei, Mihail Sava Locations: Polonia, rusă, Andrei Bekreneu, Belarus, Bulgaria
Maxim Saculțan va lupta pentru bronz la Europenele de lupte
  + stars: | 2021-04-20 | by ( ) www.ipn.md   time to read: 1 min
Maxim Saculțan va lupta pentru bronz la Europenele de lupteMaxim Saculțan va lupta pentru medalia de bronz la Campionatul European de lupte, care se desfășoară în Polonia, transmite IPN. El a obținut două victorii în categoria de greutate 65 kg, cu germanul Niklas Dorm și românul de origine rusă Nikolai Okhlopkov. Apoi, Saculțan i-a cedat în semifinale reprezentantului gazdelor, Krzysztof Bienkowski. În finala mică, Maxim va întâlni învingătorul perechii Andrei Bekreneu (Belarus) - Ruhan Rasim (Bulgaria). Astăzi în recalificări va lupta Mihail Sava (70 kg), iar Gheorghii Rubaev (92 kg) și Samhan Jabrailov (125 kg) vor începe concursul direct din sferturi.
Persons: Maxim Saculțan, Niklas, rusă Nikolai Okhlopkov ., Saculțan, Krzysztof Bienkowski, Maxim, Andrei, Mihail Sava Locations: Polonia, rusă, Andrei Bekreneu, Belarus, Bulgaria
Luptătorul de stil greco-roman Victor Ciobanu a cucerit medalia de aur la turneul internațional "Zagreb Open". Sportivul, în vârstă de 28 de ani, l-a învins în finală pe suedezul Niklas Ohlen. Condus cu 0-7, Ciobanu a revenit senzațional și a obținut o victorie dramatică. În finala categoriei de 67 de kilograme, Donior Islamov, s-a impus cu 9-0 în fața uzbekului Mirzobek Rahmatov. În partida pentru "bronz" în categoria de 82 de kilograme, Gabriel Lupașco a câștigat confruntarea cu italianul Matteo Maffezzoli, scor 5-2.
Persons: Victor Ciobanu, Niklas Ohlen, Ciobanu, Gabriel Lupașco, Matteo Maffezzoli Organizations: Zagreb Open Locations: Zagreb, Croația, Republica Moldova
Victorie spectaculoasă pentru moldoveanul Victor Ciobanu! A obținut trei victorii la tunerul „Zagreb Open”Luptătorul de stil greco-roman Victor Ciobanu a câștigat turneul „Zagreb Open”. El a obținut 3 victorii în limitele categoriei de greutate 63 de kilograme. În ultimul act, Victor s-a impus cu 8-7 în fața suedezului Ohlen după ce a fost condus cu 0-7. Pe podium au mai urcat Donior Islamov (67 de kilograme) și Gabriel Lupașco (82 de kilograme).
Persons: Ciobanu, Victor Ciobanu, Andrej Ginc, Stig andre Berge, Niklas Ohlen, Victor, Gabriel, Matteo Maffezzoli Organizations: Zagreb Open Locations: tunerul, Zagreb
Luptătorul Victor Ciobanu a triumfat la ”Zagreb Open”
  + stars: | 2021-01-18 | by ( ) www.ipn.md   time to read: +1 min
Luptătorul Victor Ciobanu a triumfat la ”Zagreb Open”Luptătorul de stil greco-roman Victor Ciobanu a câștigat turneul internațional ”Zagreb Open”, transmite IPN. El a obținut 3 victorii în limitele categoriei de greutate 63 kg, cu germanul Andrej Ginc, norvegianul Stig andre Berge și suedezul Niklas Ohlen. În ultimul act, Victor s-a impus cu 8-7 în fața suedezului Ohlen după ce a fost condus cu 0-7. Pe podium au mai urcat Donior Islamov (67 kg) și Gabriel Lupașco (82 kg). Mihail Sava a obținut distincția de argint, iar Evgheni Nedealco și Leonid Colesnic s-au ales cu bronzul.
Persons: Victor Ciobanu, Andrej Ginc, Stig andre Berge, Niklas Ohlen, Victor, Gabriel, Matteo Maffezzoli, Mihail Sava, Evgheni Nedealco, Leonid Colesnic, Sava Organizations: Zagreb Open, Nice Locations: Zagreb, France
Succes pentru luptele moldovenești: Victor Ciobanu a triumfat la ”Zagreb Open”Luptătorul de stil greco-roman Victor Ciobanu a câștigat turneul internațional ”Zagreb Open”. El a obținut 3 victorii în limitele categoriei de greutate 63 kg, cu germanul Andrej Ginc, norvegianul Stig andre Berge și suedezul Niklas Ohlen. În ultimul act, Victor s-a impus cu 8-7 în fața suedezului Ohlen după ce a fost condus cu 0-7. Pe podium au mai urcat Donior Islamov (67 kg) și Gabriel Lupașco (82 kg). Mihail Sava a obținut distincția de argint, iar Evgheni Nedealco și Leonid Colesnic s-au ales cu bronzul.
Persons: Victor Ciobanu, Andrej Ginc, Stig andre Berge, Niklas Ohlen, Victor, Gabriel, Matteo Maffezzoli, Mihail Sava, Evgheni Nedealco, Leonid Colesnic, Sava Organizations: Zagreb Open, Nice Locations: Zagreb, France
Succe pentru luptele moldovenești: Victor Ciobanu a triumfat la ”Zagreb Open”Luptătorul de stil greco-roman Victor Ciobanu a câștigat turneul internațional ”Zagreb Open”. El a obținut 3 victorii în limitele categoriei de greutate 63 kg, cu germanul Andrej Ginc, norvegianul Stig andre Berge și suedezul Niklas Ohlen. În ultimul act, Victor s-a impus cu 8-7 în fața suedezului Ohlen după ce a fost condus cu 0-7. Pe podium au mai urcat Donior Islamov (67 kg) și Gabriel Lupașco (82 kg). Mihail Sava a obținut distincția de argint, iar Evgheni Nedealco și Leonid Colesnic s-au ales cu bronzul.
Persons: Victor Ciobanu, Andrej Ginc, Stig andre Berge, Niklas Ohlen, Victor, Gabriel, Matteo Maffezzoli, Mihail Sava, Evgheni Nedealco, Leonid Colesnic, Sava Organizations: Zagreb Open, Nice Locations: Zagreb, France
Campioana en-titre a început ca din tun și conducea cu 2-0 după primele 26 de minute de joc. Robert Lewandowski a deschis scorul în minutul 20, transformând un penalty, iar Leon Goretzka a marcat cel de-al doilea gol al bavarezilor.Fotbaliștii Borussiei Monchengladbach nu au renunțat și au avut o revenire formidabilă. Gazdele au egalat până la pauză datorită golurilor înscrise de Jonas Hofmann.În debutul părții secunde, pasa greșită a lui Niklas Süle a făcut ca Florian Neuhaus să-și recupereze gafa de la hențul comis în prima repriză și să înscrie pentru 3-2. Acesta a fost și scorul final, Monchengladbach - Bayern 3-2.În pofida eșecului, gruparea din Munchen rămâne liderul clasamentului din Bundesliga, având 2 puncte avans și cu un meci mai mult disputat decât Leipzig.De cealaltă parte, formația din Monchengladbach este a șaptea clasată.
Persons: Robert Lewandowski, Leon Goretzka, Jonas, Niklas Süle, Florian Neuhaus Organizations: Bayern Locations: - titre, Monchengladbach, Munchen, Bundesliga
Real Madrid s-a calificat în optimile de finală ale Ligii Campionilor. Karim Benzema a înscris ambele goluri în prima repriză.Chiar dacă a pierdut, echipa germană s-a calificat și ea în optimile de finală ale Ligii Campionilor de pe locul doi în grupă. Cum rezultatul de 0-0 i-a calificat, germanii au declanșat fiesta chiar pe terenul unde au pierdut cu Real.Totodată, Șahtar Donețk va evolua anul viitor în șaisprezecimile de finală ale Ligii Europei.Atletico Madrid s-a calificat in extremis în optimile de finală ale Ligii Campionilor. Niklas Sule și Maxim Choupo-Moting au înscris pentru gazde.În următoarea etapă a competiției s-a calificat și Atalanta Bergamo. Golul oaspeților a fost înscris de Mehmet Topal.
Persons: Zinedine Zidane, Karim Benzema, Mario Hermoso, Niklas Sule, Maxim, Atalanta Bergamo . Italienii, Luis Muriel, Bergamascii, Sebastian Colțescu, ., Brazilianul, Mehmet Topal Organizations: Real Madrid, Ligii Campionilor ., Borussia Monchengladbach, Ligii Campionilor, Inter Milano, Ligii Europei.Atletico, FC Salzburg, Bayern Munchen, Lokomotiv Moscova, Atalanta Bergamo, Ajax Amsterdam, FC Liverpool, FC Midtjylland, Manchester City, FC Porto, Olympique Marseille, Olympiakos Locations: Șahtar Donețk, Milano, Real.Totodată, Ligii Europei.Atletico Madrid, aseară, Istanbul
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