[ad_1] STOCKHOLM, March 21 (Reuters) – Alecta, Sweden’s biggest pension fund, has sold all its shares in ailing U.S lender First Republic Bank (FRC.N) at a loss of $728 million,…
Tag: SE
US business equipment borrowings grow 11% in February – ELFA
[ad_1] March 22 (Reuters) – U.S. companies borrowed 11% more in February than last year to finance equipment investments, industry body Equipment Leasing and Finance Association (ELFA) said on Wednesday.…
Huawei ban would have significant impact on German mobile network -ministry
[ad_1] BERLIN, March 17 (Reuters) – A ban on certain components by Chinese companies Huawei (HWT.UL) and ZTE (000063.SZ) could have a significant impact on Germany’s mobile network if they…
Italy’s Wind Tre to spin-off network as it explores sale
[ad_1] MILAN, March 14 (Reuters) – Italian telecoms operator Wind Tre is planning to spin-off its network assets into a separate company as it resumed talks with Swedish private equity…
Nord Stream blast inquiries ongoing, Denmark, Sweden, Germany tell UN
[ad_1] UNITED NATIONS/COPENHAGEN, Feb 21 (Reuters) – Investigations by Denmark, Germany and Sweden into explosions on the Nord Stream gas pipelines have not yet concluded, the three countries said on…
Sweden’s H&M to lay off 1,500 staff in drive to cut soaring costs and rescue profits
[ad_1] H&M to cut 1,500 jobs as part of cost-cutting drive The firm is challenged by stiff competition and rising costs Books restructuring charge of $75.8 mln in fourth quarter…
Factbox: Which companies are affected by SVB collapse?
[ad_1] March 13 (Reuters) – Startup-focused lender SVB Financial Group (SIVB.O) last week became the largest bank to fail since the 2008 financial crisis, sending ripples across the globe as…
U.S. bank woes no threat to Swedish financial system, watchdog says
[ad_1] OSLO, March 13 (Reuters) – The collapse of Silicon Valley Bank (SVB) and some other U.S. banks is unlikely to impact Sweden’s financial stability, Sweden’s financial watchdog said on…