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☆ Swedish PM summons army, police chiefs as gang violence rocks nation
▼ + stars: | 2023-09-28 | by ( Johan Ahlander | ) www.reuters.com time to read: +3 min

View of the damage after an explosion occurred early Thursday morning in a housing area in Storvreta outside Uppsala, Sweden, September 28, 2023. His coalition won the election partly on a promise to stem growing gang violence, and it has launched a series of initiatives, such as greater powers to police and harsher punishment for gun crimes. Earlier on Thursday, the opposition Social Democrats, the biggest party in parliament, called on the government to change the law, allowing the military to help stop the gang violence. Kristersson said he had summoned the national police commissioner and the supreme commander of the armed forces to evaluate the options. The police estimate that about 30,000 people in Sweden are directly involved with or have ties to gang crime.

Persons: Anders Wiklund, Ulf Kristersson, Kristersson, Magdalena Andersson, Anders Thornberg, Johan Ahlander, Bill Berkrot, Leslie Adler Organizations: TT News Agency, REUTERS, Rights, Sweden Democrats, Social Democrat, Social Democrats, National Police, Thomson Locations: Storvreta, Uppsala, Sweden, Rights STOCKHOLM, Stockholm, Sandviken

WASHINGTON, Sept 28 (Reuters) - The Senate Foreign Relations Committee's new chairman on Thursday said he would look at Turkey's $20 billion Lockheed Martin (LMT.N) F-16 fighter jet deal and that more issues than Sweden's ascension to NATO would affect the decision on lifting his predecessor's longstanding hold. Cardin said he had discussed Sweden's NATO accession with Turkish officials at a NATO ambassador's meeting on Wednesday. Leaders of the U.S. Senate and House foreign affairs panels review every major foreign arms sale. "Menendez being out of the picture is an advantage," Erdogan was quoted as telling reporters by Turkish media. The top Republican on the Senate panel, Senator Jim Risch, has put a hold on arms sales to Hungary over the issue.

Persons: Lockheed Martin, Ben Cardin, Cardin, Bob Menendez, Tayyip Erdogan's, Menendez, Nadine Menendez, Erdogan, Sweden's, Jim Risch, Patricia Zengerle, Jonathan Oatis Organizations: Relations, Lockheed, Turkish, NATO, U.S . Senate, Kurdistan Workers Party, Republican, Thomson Locations: NATO, Sweden, Greece, Ankara, Stockholm, Turkey, Finland, Russia, Ukraine, Hungary, Budapest

The first phase of the construction of the Northvolt Six factory just outside Montreal will begin this year and it is expected to be operational in 2026. Northvolt will invest $3.2 billion of the total with the local and federal government each contributing $1 billion, Northvolt Co-Founder Paolo Cerruti told Reuters. "We looked at 70 different sites at the beginning of this process," Cerruti said. The $369-billion U.S. Inflation Reduction Act (IRA) passed last year has prompted companies including Northvolt to look across the Atlantic, attracted by hefty subsidies and cheaper energy. "This size of investment and project can not happen if you don't have an anchor customer," he said.

Persons: Northvolt, Paolo Cerruti, Cerruti, Supantha Mukherjee, Divya Rajagopal, Kirsten Donovan Organizations: Reuters, Northvolt, Canada, Ontario, BMW, RIC, Volvo, Thomson Locations: STOCKHOLM, TORONTO, Swedish, Quebec, Canadian, Montreal, Northvolt North America, United States, Canada, Scania, North America, Stockholm, Toronto

☆ WSL set for most competitive season after influx of new talent
▼ + stars: | 2023-09-27 | by ( Christian Radnedge | ) www.reuters.com time to read: +5 min

The WSL had almost 100 players representing their nations at the recent World Cup, the most of any league in the world. Former Germany forward Pauline Bremer was the first of 10 new signings for Brighton & Hove Albion, who scraped survival last season. Former Arsenal midfielder Jill Roord returns to the WSL but this time at Manchester City as the only signing for Gareth Taylor's side. The Lionesses' triumph at Euro 2022 resulted in a 170% increase in attendances last season, the FA said. They are hoping for another bounce this year after England reached the World Cup final in Australia and New Zealand, as the WSL targets becoming the first billion-pound women's league in the world.

Persons: Chelsea's Magdalena Eriksson, John Sibley, Emma Hayes's, Carla Ward, Adriana Leon, Daphne van Domselaar, Ward, Pauline Bremer, Willie Kirk, Rose, Lize, we've, Hannah Cain, Robert Vilahamn, Captain Beth England, Martha Thomas, Jonas Eidevall's, Alessia Russo, Jill Roord, Gareth Taylor's, They've, Taylor, Russo, Mary Earps, Marc Skinner's, King Power, Christian, Toby Davis Organizations: Soccer, League, Reading, Chelsea, Madejski, Super League, Tottenham Hotspur, Aston Villa, WSL, Manchester United, Everton, Liverpool, West Ham United, Champions League, Brighton & Hove Albion, Leicester City, Tottenham, Sweden's BK Hacken, Spurs, Arsenal, England, Paris FC, Former Arsenal, Manchester City, Emirates, Bristol City, Ashton, Thomson Locations: Reading, Britain, Netherlands, Germany, Leicester, Sweden's, American, Scotland, ., Australia, New Zealand

SAS filed for U.S. bankruptcy protection last year as it struggled to slash costs and debt amid strikes by pilots. SAS hopes to raise 9.5 billion Swedish crowns ($863 million) in new equity and convert 20 billion crowns of debt into equity. They could include Sweden's family-owned Wallenberg foundation, which currently holds a 3.4% stake in SAS, or Danish pension funds, he said. Once that is done, SAS can begin proceedings to exit chapter 11 bankruptcy protection, which could be late this year or next year, Pedersen said. It is not clear if SAS will be taken off the Swedish stock market after exiting bankruptcy protection.

Persons: Johan Nilsson, Apollo, Jacob Pedersen, Gerald Engstrom, Pedersen, Johannes Birkebaek, Jacob Gronholt, Mark Potter Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Scandinavia's, SAS, U.S, Italy's ITA Airways, Portugal's TAP, WHO, Apollo Global Management Inc, European Union, Wallenberg, Private, Lufthansa, ITA Airways, Thomson Locations: Kastrup, Denmark, Rights COPENHAGEN, Danish, Copenhagen, EU, Europe, SWEDEN, NORWAY, Swedish, Sweden, Private Swedish

☆ Erdogan sees advantage in U.S. senator Menendez's troubles -media
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

Turkey's President Tayyip Erdogan addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsANKARA, Sept 26 (Reuters) - President Tayyip Erdogan said Turkey needs to turn the legal troubles of U.S. Senator Bob Menendez, a long-time critic of his government, into opportunity for its requested purchase of F-16 U.S. fighter jets, Turkish media said on Tuesday. Erdogan raised Turkey's pending ratification of Sweden's NATO membership bid and said the White House must also fulfil its promise on the F-16s. The Biden administration is linking F-16 fighter jet sales to Turkey with Ankara's ratification of Sweden's NATO membership bid, Erdogan also said.

Persons: Tayyip Erdogan, Brendan McDermid, Bob Menendez, Menendez, Erdogan, Turkey's, Joe Biden's, Biden, Huseyin Hayatsever, Jonathan Spicer Organizations: General Assembly, REUTERS, Rights, Democrat, Senate Foreign Relations, NATO, Turkey, Lockheed Martin Corp, Thomson Locations: New York City, U.S, Rights ANKARA, Turkey, Jersey

☆ Erdogan Sees Advantage in U.S. Senator Menendez's Troubles -Media
▼ + stars: | 2023-09-26 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

ANKARA (Reuters) - President Tayyip Erdogan said Turkey needs to turn the legal troubles of U.S. Senator Bob Menendez, a long-time critic of his government, into opportunity for its requested purchase of F-16 U.S. fighter jets, Turkish media said on Tuesday. NATO member Turkey requested in October 2021 to buy 40 Lockheed Martin Corp F-16 fighters and 79 modernisation kits for its existing warplanes. The Biden administration is linking F-16 fighter jet sales to Turkey with Ankara's ratification of Sweden's NATO membership bid, Erdogan also said. Turkey will ratify Stockholm's bid if the administration keeps its promise on the F-16 sale, he added.

Persons: Tayyip Erdogan, Bob Menendez, Menendez, Erdogan, Turkey's, Joe Biden's, Biden, Huseyin Hayatsever, Jonathan Spicer Organizations: Democrat, Senate Foreign Relations, NATO, Turkey, Lockheed Martin Corp Locations: ANKARA, Turkey, Jersey, U.S

☆ Turkey will back Sweden's NATO bid if U.S. keeps promise on F-16 sale - Erdogan
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

AXEL HEIMKEN/Pool via REUTERS/ File Photo Acquire Licensing RightsANKARA, Sept 26 (Reuters) - Turkey's parliament will keep its promise to ratify Sweden's NATO bid if U.S. President Joe Biden's administration paves the way for F-16 jet sales to Ankara, President Tayyip Erdogan said on Tuesday, according to Turkish media. Speaking to reporters on his flight back from Azerbaijan's exclave of Nakhchivan, Erdogan said that Foreign Minister Hakan Fidan and U.S. Secretary of State Antony Blinken discussed Sweden's NATO membership bid last week in New York. The U.S. administration is linking F-16 fighter jet sales to Turkey with Ankara's ratification of Sweden's bid, Erdogan said. "If they (the U.S.) keep their promises, our parliament will keep its own promise as well. Turkish parliament will have the final say on Sweden's NATO membership," he said.

Persons: AXEL HEIMKEN, Joe Biden's, Tayyip Erdogan, Erdogan, Hakan Fidan, Antony Blinken, Huseyin Hayatsever, Jonathan Spicer Organizations: US Airforce, Air, Rights, Sweden's NATO, NATO, Thomson Locations: Jagel, Germany, Rights ANKARA, Ankara, Azerbaijan's, Nakhchivan, New York, U.S, Turkey

☆ Q+A What is known about the Nord Stream gas pipeline explosions
▼ + stars: | 2023-09-26 | by ( Nerijus Adomaitis | ) www.reuters.com time to read: +8 min

This is what we know so far:WHAT ARE NORD STREAM PIPELINES? The multibillion-dollar infrastructure project was built by Russia's Gazprom (GAZP.MM) in two stages - Nord Stream 1 and Nord Stream 2. Gazprom owns 51% of Nord Stream 1, while Germany's E.ON (EONGn.DE) and Wintershall Dea (WINT.UL) have 15.5% each, while French Engie (ENGIE.PA) and Dutch Gasunie (GSUNI.UL) hold 9% each in Nord Stream 1. Nord Stream 2, fully owned by Gazprom and operated by Nord Stream 2 AG, was completed in September 2021 at a cost of $11 billion, but was never put into operation because Germany had cancelled Nord Stream 2's certification days before Russia's invasion of Ukraine on Feb. 24, 2022. The Nord Stream pipelines have been a flashpoint in an energy dispute between Europe and Moscow since Russia's invasion of Ukraine.

Persons: Pipes, Fabian Bimmer, Wintershall, OMV, Peter Frank, Die, Seymour Hersh, Mats Ljungqvist, Der Spiegel, Der Siegel, BfV, Nerijus Adomaitis, Christoph Steitz, Nina Chestney, Ros Russell Organizations: REUTERS, Rights, Gazprom, Nord, E.ON, Shell, . Security, WHO, Washington Post, Die Welt, . Security Council, Reuters, Street, ZDF, Kyiv, CIA, NDR, WDR, German Federal Intelligence Service, Thomson Locations: Baltic, Mukran, Germany, Rights OSLO, Russia, Swedish, Bornholm, Sweden, Denmark, Nord, Ukraine, Uniper, Washington, NATO, Moscow, Kaliningrad, Russian, Britain ., U.S, Norway, China, Brazil, Rostock, Wiek, Rugen, Danish, Christianso, Kolobrzeg, Poland, Europe, United States, Oslo, Frankfurt

BRUSSELS (AP) — The European Union's executive arm said Monday it is blocking leading U.S. online travel agency Booking from acquiring Sweden's flight booking provider Etraveli Group because it would have allowed it to increase its dominant position on the market on the continent. The European Commission said it had warned Booking Holdings about its concerns but that the remedies offered by the company were not sufficient. “Bans are rare, and today’s decision is in fact the first merger to be blocked this year,” EU Justice Commissioner Didier Reynders said. According to the European Commission, online travel agencies handle transactions worth more than 100 billion euros ($106 billion) per year. Political Cartoons View All 1176 Images

Persons: “, Didier Reynders Organizations: Etraveli, European Commission, Holdings, EU Locations: BRUSSELS

☆ SBB sells 1.16% of education unit, receives $700 million as part of loan repayment
▼ + stars: | 2023-09-24 | by ( Rishabh Jaiswal | ) www.reuters.com time to read: +2 min

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

☆ Landslide causes large chunk of Swedish motorway to collapse
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +1 min

"The hardest hit parts of the landslide area measure around 150 x 100 meters. In total, however, the landslide has affected an area of around 700 x 200 meters," the Gothenburg Rescue Services said in a statement. "A number of people have been helped out of vehicles in the slide area with the help of fire personnel and a helicopter." A rescue services spokesperson told public broadcaster SVT all people in the vehicles had been helped out. The rescue services said specially trained staff and search dogs would now search the area, and that further slides could not be ruled out.

Persons: Anna Ringstrom, Peter Graff Organizations: Gothenburg Rescue Services, TT, SVT, Police, Thomson Locations: STOCKHOLM, Sweden, Gothenburg, Norway's, Oslo, Stenungsund, Sweden's, Swedish

☆ Dollar eases after Fed-spurred rise; yen stronger ahead of BOJ
▼ + stars: | 2023-09-21 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

[1/3] Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. The Japanese yen strengthened against the greenback before Friday's Bank of Japan policy announcement, while the pound and the Swiss franc slipped after the British and Swiss central banks kept rates unchanged. The BOJ will end its negative interest rate policy next year, the majority of economists said in a Reuters poll, as the market has begun to envisage the demise of its ultra-easy monetary settings. The pound fell to its lowest since March after the Bank of England held interest rates steady on Thursday, following a cooler-than-expected inflation report the previous day. Meanwhile, Sweden's Riksbank and Norway's central bank both raised rates by 25 basis points, in line with expectations.

Persons: Jason Lee, Helen, Powell didn't, BoE, Monex's, Brad Bechtel, Sweden's, bitcoin, Saqib Iqbal Ahmed, Sam Holmes, Shri Navaratnam, Sharon Singleton, Richard Chang Organizations: Hong, REUTERS, U.S, Federal Reserve, Friday's Bank of Japan, Swiss, British, Fed, Monex, ECB, Traders, FX, Jefferies, Bank of England, Swiss National Bank, Thomson Locations: Hong Kong, Swiss, Japan, Swedish, Norwegian

☆ Pound, franc slide as central banks pause hikes; dollar holds firm
▼ + stars: | 2023-09-21 | by ( Samuel Indyk | ) www.reuters.com time to read: +4 min

The euro rose as high as 0.9677 francs and is set for its biggest one-day rise since June. The dollar rose 0.8% to 0.9053 francs , hitting its highest level since June 13. "The Swiss franc has understandably weakened after the surprise hold in the policy rate today," ING strategists said in a note. Meanwhile, Sweden's Riksbank and Norway's central bank both raised rates by 25 basis points, in line with expectations. Although you never know for sure with this central bank," said Matt Simpson, senior market analyst at City Index.

Persons: Dado Ruvic, Sterling, Goldman Sachs, Michael Cahill, Sweden's, Niels Christensen, Matt Simpson, Samuel Indyk, Brigid Riley, Kevin Buckland, Sam Holmes, Shri Navaratnam, Sharon Singleton Organizations: REUTERS, Swiss, British, U.S . Federal Reserve, Friday's Bank of Japan, Bank of England, Swiss National Bank, ING, Fed, Bank of Japan, New Zealand, NZ, Thomson Locations: Swiss, Sweden, Norway, Swedish, Norwegian

STOCKHOLM (AP) — Sweden’s central bank raised its key interest rate Thursday, saying that “inflationary pressures in the Swedish economy are still too high,” although there were signs that inflation had begun to fall. Sweden has been struggling with high inflation — it was 7.5% in August, down from 9.3% in July, but far from the 2% target set by Sweden’s central bank. Thursday's interest rate increase meant that the policy rate is at the highest level since October 2008, the Swedish news agency TT wrote. Norway's central bank also raised its policy rate by a quarter-point on Thursday, to 4.25%. “Persistently high inflation imposes substantial costs on society,” Norges Bank said, adding that ”a somewhat higher interest rate is needed to bring inflation down to target within a reasonable horizon.”The moves came on a busy day of central bank action.

Persons: Ida Wolden Bache, — Organizations: STOCKHOLM, U.S ., TT, Norges Bank Gov, ”, ” Norges Bank, Bank of England, Swiss National Bank, U.S . Federal Reserve Locations: Swedish, Sweden, Ukraine, Norway

The European Central Bank last week lifted rates to a record 4% and upgraded its inflation forecast for 2024, but the euro fell and has lost almost 2% against the dollar this month. Overall, Europe's central banks "would like to portray this idea of higher for longer (rates)," said Ed Hutchings, head of rates at Aviva Investors. The currency, which the central bank labeled "unjustifiably weak," barely caught a break and remains near a record low against the euro . He expected one the of big European central banks to be the first to cut rates. European central banks were "in a bind," Fiotakis added, as higher oil prices also threatened to push inflation higher.

Persons: Dado Ruvic, Sterling, Kit Juckes, BoE, SocGen's Juckes, Ed Hutchings, Nathan Thooft, Bjoern, Fiotakis, Orla Garvey, Naomi Rovnick, Christina Fincher Organizations: REUTERS, Sterling, LONDON, Bank of, Swiss, greenback, Societe Generale, European Central Bank, ECB, U.S . Federal Reserve, Fed, Aviva Investors, Investment Management, Reuters, DWS Group, Nomura, ING, Barclays, Federated, Thomson Locations: Swiss, Bank of England, Switzerland, Sweden, Europe, U.S, Western Europe, United States, Britain, Swedish, Japan, European

☆ Sweden's central bank raises rates to 4%, in line with expectations
▼ + stars: | 2023-09-21 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +2 min

Sweden's central bank hiked interest rates for the eighth consecutive time on Thursday, taking the main rate to 4%, as the country continues to battle high inflation. The quarter-point increase is in line with the expectations of analysts polled by Reuters. Sweden's headline inflation, which excludes energy costs, slowed more than expected last month, coming to 7.2% for the month of August, according to Statistics Sweden. The Swedish economy is "going in the right direction," the central bank said in a statement, while nevertheless highlighting that inflationary pressures "are still too high." Stefan Ingves, former central bank governor, in January warned that Sweden was facing its "day of reckoning," as house prices plummeted and the wider economy stuttered.

Persons: Stefan Ingves, I've, Ingves Organizations: Reuters, Statistics Sweden, U.S Locations: Swedish, Sweden

In a development that few predicted just two days ago, the central bank kept its main interest rate unchanged at a 15-year high of 5.25%. The U.S. Federal Reserve also left rates unchanged Wednesday. While the decision to leave rates unchanged is a welcome development, it doesn't mean that Britain's cost-of-living crisis has ended. The Swiss National Bank also kept rates unchanged Thursday, but in a busy day for central bank action in Europe, Sweden's and Norway's central banks pushed ahead with quarter-point hikes. The European Central Bank, which sets interest rates for the 20 European Union countries that use the euro currency, last week hinted that its 10th straight hike could be its last.

Organizations: —, Bank of England, The U.S . Federal Reserve, Monetary, Swiss National Bank, European Central Bank, Union Locations: Ukraine, The, Russia, U.S, Britain, Europe

☆ Ericsson partners with Deutsche Telekom for network APIs
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: 1 min

[1/2] A logo of Ericsson is seen outside the company's office in Kanata, Ontario, Canada April 17, 2023. REUTERS/Lars Hagberg/File photo Acquire Licensing RightsSTOCKHOLM, Sept 20 (Reuters) - Sweden's Ericsson (ERICb.ST) said on Wednesday it has partnered with Deutsche Telekom (DTEGn.DE) to offer software tools for developers and business customers that will allow telecom operators to get more revenue. Known as network application programming interface (API), the software will use the Vonage platform -- a company Ericsson bought for $6.2 billion in 2022 -- to help developers create new use cases based on a mobile network. Reporting by Supantha Mukherjee in Stockholm, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: Lars Hagberg, Sweden's, Supantha Mukherjee, Terje Solsvik Organizations: Ericsson, REUTERS, Rights, Sweden's Ericsson, Deutsche Telekom, Thomson Locations: Kanata , Ontario, Canada, Rights STOCKHOLM, Stockholm

☆ Dollar eases as traders eye upcoming central bank decisions
▼ + stars: | 2023-09-18 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

Data on Monday showed U.S. homebuilder confidence fell for a second month in September, with optimism dropping to the lowest since April as high interest rates cut into affordability for prospective buyers. Fed fund futures show investors expect the Federal Reserve to keep interest rates on hold in the 5.25% to 5.5% range on Wednesday. The European Central Bank raised interest rates to 4% last week, but said this hike could be its last. Traders think Sweden's central bank is highly likely to raise interest rates on Thursday by 25 basis points to 4%, piling more pressure on the economy. The yen was up about 0.15% against the dollar at 147.62 to the dollar, with traders out for a Japanese public holiday.

Persons: Lee Jae, BoE, BoJ, Michael Brown, Janet Yellen, Brown, Kazuo Ueda, Saqib Iqbal Ahmed, Chris Reese, Richard Chang Organizations: REUTERS, U.S, Federal Reserve, Bank of England, Bank of Japan, Trader, Treasury, European Central Bank, Traders, Bank of, Thomson Locations: Seoul, Swedish, Bank of England

☆ Take Five: A central bank bonanza
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +5 min

Now it's the turn of the world's most important central bank. Also on Thursday, the Bank of England is tipped to hike for the 15th consecutive meeting, taking benchmark borrowing costs to 5.5%. Norway's central bank is also expected to nudge benchmark borrowing costs higher, following a 25 bps rise in August to 4%. Reuters Graphics4/ DIVERGING TRAJECTORIESThe push and pull factors on central banks are nowhere more visible than in emerging markets. But for Turkey's central bank, convening on Thursday, the only way is up.

Persons: Lewis Krauskopf, Kevin Buckland, Amanda Cooper, Naomi Rovnick, Karin Strohecker, Jerome Powell, Kazuo Ueda, Ueda, hypothesise, Tayyip Erdogan, Mark Heinrich Our Organizations: U.S . Federal, ECB, Bank of England, Reuters, Bank of Japan, Japan's, of Finance, Thomson Locations: Central, Lewis, New York, Tokyo, London, United States, Europe, Scandinavia, Switzerland, Norway's, Latin America, South Africa, Egypt, Taiwan

☆ Asian shares stumble as investors brace for central bank packed week
▼ + stars: | 2023-09-18 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

S&P 500 futures advanced 0.2% while Nasdaq futures edged 0.1% higher. Also, Chinese trust firm Zhongrong International Trust Co, with exposure to Chinese property developers, said over the weekend it was unable to make payments on some trust products on time. The euro recovered 0.1% to $1.0673 in early Asia trade, after slumping to a 3-1/2 month low of $1.0629 last week as the European Central Bank signalled its rate hikes could be over. Brent crude futures rose 0.3% at $94.20 per barrel and U.S. West Texas Intermediate crude futures were up 0.4% at $91.14. Reporting by Stella Qiu; Editing by Lincoln Feast and Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: BOE, BOJ, Tommy Xie, Jerome Powell, Chris Weston, Weston, Kazuo Ueda, Cash Treasuries, Stella Qiu, Lincoln Organizations: SYDNEY, Federal Reserve, Bank of Japan, Nasdaq, Japan's Nikkei, China Evergrande, HK, International Trust Co, Greater, Greater China Research, OCBC Bank, U.S . Federal, Fed, U.S ., Bank of England, Treasury, Amazon, European Central Bank, Brent, . West Texas, Thomson Locations: China, Asia, Pacific, Japan, Hong Kong, Beijing, Greater China, Tokyo

☆ Hungary politician flags possible delay for Sweden's NATO bid
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

Swedish and NATO flags are seen printed on paper this illustration taken April 13, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsBUDAPEST, Sept 18 (Reuters) - Hungary is not sure it needs to approve Sweden's bid to join NATO, the parliament speaker told local television late on Sunday, potentially signalling further delays to the process. Hungary's approval has been stranded in parliament since July 2022, amid concerns over criticism by Swedish politicians of Hungary's democratic backsliding. "It is not sure we need to approve this bid," parliament speaker Laszlo Kover, a senior lawmaker of the ruling Fidesz party, told HirTV, referring to Sweden. Turkey and Hungary, however, have yet to ratify Sweden's bid, and both countries have said they closely coordinating their stance on the matter.

Persons: Dado Ruvic, Laszlo Kover, HirTV, reconvene, Krisztina, Muralikumar Anantharaman Organizations: NATO, REUTERS, Rights, Fidesz, Swedish, Sweden's, Thomson Locations: Hungary, Swedish, Sweden, Hungarian, Ukraine, Turkey

☆ Tsegay, Duplantis topple records at Eugene Diamond League
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +3 min

Sept 17 (Reuters) - Gudaf Tsegay smashed the women's 5,000 metres world record and Armand Duplantis raised the bar again for the men's pole vault on Sunday, as the season-ending Eugene Diamond League meet concluded on a high. Shericka Jackson came off the turn with a massive lead to retain her women's 200 metres Diamond League championship title in 21.57, but came short of her goal to break Florence Griffith-Joyner's world record. The Jamaican Jackson won the 100 metres Diamond League championship a day earlier and finished more than half a second ahead of Ivorian Marie-Josee Ta Lou on Sunday, as Anthonique Strachan of the Bahamas took third in 22.16. The Canadian Arop finished five hundredths of a second slower and Algerian Djamel Sedjati took third in 1:43.06. Dutch World Champion Femke Bol collected her third Diamond League championship with a confident 51.98 performance in the 400 metres hurdles, as American Shamier Little took second in 53.45 and Jamaican Rushell Clayton finished third in 53.56.

Persons: Tsegay, Armand Duplantis, Eugene Diamond, Sweden's Duplantis, Shericka Jackson, Florence Griffith, Jackson, Ivorian Marie, Josee, Lou, Anthonique Strachan, Andre De, Kenny Bednarek, Erriyon Knighton, It’s, De, Mu, Britain's Keely Hodgkinson, Toppin, Kenyan Emmanuel Wanyonyi, Marco Arop, Canadian Arop, Djamel Sedjati, Femke Bol, Little, Rushell Clayton, Yaroslava, Joe Kovacs, Ryan Crouser, Amy Tennery Organizations: Eugene Diamond League, Kenyan, Diamond, Diamond League, Bahamas, Canadian, Thomson Locations: Budapest, Ivorian, Andre De Grasse, Canada, United States, Tokyo, De Grasse, Ukrainian, New York

☆ The billionaire son of H&M's founder owns a sprawling English country estate with over 100 cottages, a distillery, and a pub that sells his own beer
▼ + stars: | 2023-09-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Stefan Persson, the son of H&M's founder, owns a 19,000-acre country estate in southern England. In 1997, Persson splurged some of his fortunes on a 3,000-acre country estate in Wiltshire, southern England, which went on to become Ramsbury Estates. Ramsbury Estates has about 7,000 acres of farmland, with a focus on wheat and barley alongside a small herd of cattle. Geography Photos/Universal Images Group via Getty ImagesLike many modern farms, Ramsbury Estates has diversified. Ramsbury Estates declined to comment on exactly what the "agency" portion of its business is comprised of.

Persons: Stefan Persson, H, Persson, Erling Persson, Stefan, Persson splurged Organizations: M's, Service, 101st, Bloomberg, Invest, –, Ramsbury Estates, Getty, Ramsbury, M Locations: England, Wall, Silicon, Sweden, Wiltshire, Ramsbury, Monki

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