Edition:
United Kingdom

Niklas Pollard

Swedbank cuts dividend amid money laundering fallout

17 Jul 2019

STOCKHOLM Swedbank will cut the amount of dividends it pays from profits and has set new targets to strengthen its capital as the bank faces fallout from a Baltic money laundering scandal.

Swedish central bank holds rates and forecast, but signals risks abroad

03 Jul 2019

STOCKHOLM Sweden's central bank left its benchmark interest rate unchanged on Wednesday and said it still expected to tighten policy by early 2020, though it highlighted the global economic outlook as a risk to that forecast.

Sweden's Northvolt raises $1 billion to complete funding for mammoth battery plant

12 Jun 2019

STOCKHOLM Automakers Volkswagen and BMW are among the investors in Europe's biggest lithium-ion battery plant, Sweden's Northvolt said on Wednesday after it raised $1 billion in equity capital to complete funding for the facility.

Sweden wants to extradite Assange over rape allegation, complicating U.S. effort to try him for conspiracy

13 May 2019

STOCKHOLM Sweden reopened an investigation into a rape allegation against WikiLeaks founder Julian Assange on Monday and will seek to extradite him from Britain, a potential setback to efforts by the United States to put him on trial over a huge release of secret documents. | Video

SAS cancels more Scandinavian flights as pilots strike for fifth day

30 Apr 2019

STOCKHOLM Scandinavian airline SAS cancelled more than 500 flights scheduled for Wednesday, which will ground some 47,000 passengers, as a strike by pilots entered a fifth day with no sign of talks between management and unions.

SAS grounds more flights as pilot strike continues

27 Apr 2019

STOCKHOLM/OSLO Scandinavian airline SAS canceled hundreds of flights scheduled for Sunday as a pilot strike entered its second day, disrupting the travel plans of tens of thousands of passengers.

UPDATE 3-Handelsbanken pulls profit-sharing payout, lifting profit

17 Apr 2019

* Shares drop 1.7 pct (Adds CFO comments from conference call, updates shares)

Sweden studies Swedbank complaint by anti-corruption investor Browder

07 Mar 2019

STOCKHOLM Bill Browder, an investor who campaigns to expose corruption, has filed a criminal complaint with Swedish authorities over Swedbank's alleged link to a Baltic money laundering scandal involving Danske Bank.

Sweden's Lofven edges towards second PM term after deal with centre-right

11 Jan 2019

STOCKHOLM Social Democrat leader Stefan Lofven took a big step towards a second term as Sweden's prime minister on Friday after agreeing a deal with two opposition parties that will move policy sharply to the right with tax cuts and business-friendly reforms.

Tests show suspected Swedish Ebola patient not infected

04 Jan 2019

STOCKHOLM Medical tests have shown a patient treated in isolation at Sweden's Uppsala University Hospital for suspected Ebola is not infected with the virus after all, authorities said on Friday.

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