Sunday, July 31, 2016

Transport Agency was alerted about the exhaust cheating in 2012 – Swedish Dagbladet

photo: Emma-Sofia Olsson & amp; Erik G Svensson / TT

Volkswagen scandal exploded with full force on 18 September 2015.

It was about the auto industry used manipulated software to meet the emission limits for nitrogen oxide emissions. Outside the laboratory environment, in what is called reality, turned out cars of the Volkswagen group emit up to 40 times more nitrogen oxides.

Outwardly says neither governments or authorities in the EU have known about the problem until it became public last fall.

Transport Agency learned of suspected exhaust
manipulations full three years before the scandal exploded.

But, as SvD Business has been previously reported, alerted the European Commission about cheating in the automotive industry for several years before the scandal exploded. Despite that, and although emissions have very serious environmental and health consequences, no action was taken to stop the cheating.

And now SvD Business reveal that Swedish Transport Agency learned of suspected exhaust manipulations – and specifically NOx emissions – a full three years before the scandal exploded. But despite the warning seems no one in authority has acted.

The email was sent on 25 May 2012, at 11:26. An upset official at the European Commission wrote to several Member States – including Swedish Transport Agency – suspicious exhaust manipulations within the EU.

the email, which SvD have read, can only be interpreted in one way: a cry for help since the automotive industry refused to implement testing methods that show NOx emissions under real conditions.

the background to the email is a meeting in Brussels between the various stakeholders in a working group at the top level in the EU, where they discussed the particular test methods of emissions. In addition, the Commission was attended by representatives from the automotive industry, the EU’s own test center (Joint Research Centre) and some civil society organizations (NGOs).

According to the German weekly magazine Der Spiegel was the background to the EU Commission noted something strange: Air quality in big cities improved significantly slower than the more stringent environmental rules should be applied.

It was decided to let examine the matter in the EU own laboratory and used a technique with portable test equipment that is placed in cars luggage space. The technique is called PEMS (Freeway Performance Measurement System). The big difference from existing emissions test is that PEMs measure nitric oxide under real conditions on the road – not in a laboratory environment.

Later, it was precisely this PEMS technology in the United States revealed Volkswagen’s extensive emissions cheating.

However, EU opposed the auto industry vigorously the introduction of the same technology. And this is what the email is about.

In mejlets introduction says: “It was quite obvious that the car manufacturers are strongly opposed to the introduction of PEMS in all kinds of tests, while we are confident that the PEMs is imperative to measure nitric oxide. “

the concerned service mannnen in Brussels writes straight out that there is a great risk that the car manufacturers’ negative attitude is a product that they want to” keep the current test cycle because it means that it is ‘easier’ to reach the requirements, which opens the door for beating the cycle (which must be avoided). “

Cycle beating means to cheat their way through the cycle. This can be done by using a special software that reduces emissions during the tests: ie precisely what Volkswagen unveiled to do.

The official of the Commission comes in the mail with a sharp proposal to still partially introduce a portable Pemstest – and wants feedback on this, as it turned out, burning topic.

However, if the feedback came or not we do not know. Transport Agency would not even feel when the mail. When SvD requesting it from the authority is gone.

SvD sent a first request on 18 July. When requested all correspondence between the European Commission and the Swedish Transport Agency in May 2012. The day after the Transport Agency will send out e-mail correspondence – but the current e-mail is not.

SvD Business will then send a new request on 21 July. It specifies the request further, but neither this request, give a pacifier. SvD then sends a third request – and further highlights that there should be an email from the European Commission “May 25, 2012 sent to someone on the Transport Agency.”

Even then get SvD part of the current email as SvD already have a copy of, the Transport Agency as one of the recipients.

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Undervalued currency more expensive trip – Västerbotten Courier

The visit to the exchange office before traveling abroad can be a disappointment. According to the International Monetary Fund is namely the Swedish krona is undervalued by up to 12 percent compared with other currencies.

SEB believes that the crown can be even more undervalued:

– our own models indicate that we have an underestimation of up 10 to 15 percent, says Rickard Falkenhäll, currency strategist at the Bank, to Swedish Radio.

Against the Japanese yen, the krona is undervalued by as much as 35 percent, against the US dollar by 20 percent, according to SEB who foresee a strengthening of the krona until next year. Behind the depressed crown is the Riksbank that want to reach the target of two percent inflation.

But there are also winners in context:

– The winner is of course the Swedish export industry, it will be cheaper to produce, says Rickard Falkenhäll.

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set more departures – Västerbotten Courier

The French airline Air France canceled on Saturday in about a fifth of their departures due to the ongoing strike.

Nearly 40 percent of the company cabin crew on strike since Wednesday.

Even during Sunday calculate Air France to about a fifth of flights to be canceled.

But the “last minute settings and delays can not be ruled out” the company said in a statement, according to AFP news agency.

in addition, the difficulty in getting staff together to air tours lead to a limited number of passengers per flight. For safety reasons, there must be one staff for every 50 passengers.

The conflict is that the parties disagree on a collective agreement which among other rules apply, pay and promotions. The management wants the agreement to expire in 17 months, while unions want it to apply between three and five years.

The strike is expected to last until August 2nd.

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Saturday, July 30, 2016

No holiday for the investor – Västerbotten Courier

Economy. Fund investors have been very active in July, despite the summer heat. Above all, it has been popular to buy mutual funds.

Facts

Both Avanza and Nordnet provides fund tips for the autumn.

Avanza:

Plan over the long term. Do not let a single exchange-month rule.

Monthly savings is good and it is good to save wide across different markets through a global fund that you mix with a Sweden fund or US funds.

Nordnet:

Do not buy bond funds.

It is better to savings accounts and mutual funds.

One should avoid sector funds, and have a wide savings in broad Sweden funds.

– Many investors waited and waited brexitomröstningen and returned afterward and traded funds, says Joakim Bornold, savings economist with Nordnet.

the number of fund switches among those who have an account with Avanza increased by 31 percent in July compared with June.

– such high activity, we have not seen since last April. Investors awaited the British referendum and bought late when prices went down, says Johanna Hill, saving analyst with Avanza.

The Association invested during July mainly mutual funds.

– many who have account with us focused on broad global funds and growth funds, says Johanna Hill.

Nordnet investors have mainly invested in Sweden funds. The turmoil in Europe and the strong US stock market also got Swedes to buy large US funds in July, according to Avanza.

– All investors should have a bone in the United States. It provides a stable savings, says Johanna Hill.

Joakim Bornold savings economist Nordnet disagree with this.

– Sure you should spread the risk, but I do not think you’ll have too much foreign funds. There are too large currency risks with it. The base should keep in Swedish mutual funds, he says.

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Friday, July 29, 2016

Analysis: Hillary Clinton as president would create over 10 million new jobs – Business Week

Moody’s Analytics has come to the conclusion that President Clinton would make the labor market well.

Moody’s Analytics has been through the Democratic presidential candidate Hillary Clinton’s proposed economic policy of the United States. The conclusion is that the operation of the would see the country’s GDP to reach an annual growth rate of 2.7 percent from the current 2.3 percent forecast. It reports CNN Money.

It would also create the entire 10.4 million jobs during his term of office, which is 3.2 million more jobs compared with the existing economic course.

“the results of our analysis is that Hillary Clinton’s economic policies together would result in a stronger US economy in almost every scenario,” the research firm in its report.

worth adding in this context is that the person with the greatest responsibility for the report, Mark Zandi, itself a Hillary Clinton supporter and helped last year by $ 2,700 to her presidential campaign, according to the Center for Responsive Politics.

In June Moody’s Analytics published a similar report on Donald Trump. There, it was ruled that the Republican candidate would cause a major economic downturn than the Great Recession. In total, 3.5 million Americans would lose their jobs, pushing the unemployment rate up to 7 percent and house prices fall.

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Analysis: Hillary Clinton as president would create over 10 million new jobs – Business Week

Moody’s Analytics has come to the conclusion that President Clinton would make the labor market well.

Moody’s Analytics has been through the Democratic presidential candidate Hillary Clinton’s proposed economic policy of the United States. The conclusion is that the operation of the would see the country’s GDP to reach an annual growth rate of 2.7 percent from the current 2.3 percent forecast. It reports CNN Money.

It would also create the entire 10.4 million jobs during his term of office, which is 3.2 million more jobs compared with the existing economic course.

“the results of our analysis is that Hillary Clinton’s economic policies together would result in a stronger US economy in almost every scenario,” the research firm in its report.

worth adding in this context is that the person with the greatest responsibility for the report, Mark Zandi, itself a Hillary Clinton supporter and helped last year by $ 2,700 to her presidential campaign, according to the Center for Responsive Politics.

In June Moody’s Analytics published a similar report on Donald Trump. There, it was ruled that the Republican candidate would cause a major economic downturn than the Great Recession. In total, 3.5 million Americans would lose their jobs, pushing the unemployment rate up to 7 percent and house prices fall.

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Disappointment in GDP – Dagens Industri

Updated 2016-07-29 12:12. Published 2016-07-29 12:11

The Swedish growth landed at 0, 3 percent in the second quarter compared with the first. This meant that the growth rate was only half as strong as market expectations of 0.6 per cent and the Riksbank’s forecast of 0.7 percent.

Tillväxtbesvikelsen sent it Swedish crown to its weakest level against the euro in a year as more now expect the central bank will have to maintain an expansionary monetary policy even further. Against the euro, the crown was recorded just under 9.60 and against the dollar to more than 8.60 – the weakest level since before the turn of the year – after the statistics.

compared with the first quarter of 2015, growth was 3.1 percent. Although it is still a decent speed show Friday’s figures show that the economy has shifted down clearly compared to last year, when growth averaged about 1 percent per quarter and more than 4 percent for the year.

Even compared to at the beginning of this year showed the GDP statistics of a slowdown – only public consumption grew at a faster pace in the second quarter than at the beginning of 2016. Private consumption is also strong but dropped as expected momentum after being rushed forward unsustainably fast .

On account was disappointing investments stagnated in the second quarter. The companies built while less inventory than expected – something that does not need to be negative from a growth point forward. Exports also went weak, and net exports pulled down the growth rate is a few tenths of a percent.

exports hard to take off again can be seen in the light of the appreciation in the second half of 2015, but also in the wake of the continued faltering global developments. On Friday also released figures showed that eurozone countries slowed in the second quarter. The nineteen countries that make up Sweden’s most important export market grew by only 0.3 percent compared with the first quarter, half as fast as in the beginning of the year, with just 1.6 percent compared with the same period in 2015.

the Swedish tillväxtbesvikelsen in combination with the tensions between Sweden and abroad is more than enough to give the Riksbank headache for the next rate decision on 7 september. The Riksbank will probably not exacerbate monetary policy more but somehow the central bank must still take into account the new figures. It will probably be the first action to move forward the first expected rate hike further. Last Riksbank anticipated that interest rates would start to rise slowly during the second half of 2017.

As onions on Governor salmon is Friday’s Swedish GDP figure additionally an unusually uncertain, such as the so-called fast estimate is based on a thinner substrate than usual and often revised more. Riksbank must still make its new forecasts and take up his new interest rate decision before the updated GDP figure published in mid-September.

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Disappointment in GDP – Dagens Industri

Updated 2016-07-29 12:12. Published 2016-07-29 12:11

The Swedish growth landed at 0, 3 percent in the second quarter compared with the first. This meant that the growth rate was only half as strong as market expectations of 0.6 per cent and the Riksbank’s forecast of 0.7 percent.

Tillväxtbesvikelsen sent it Swedish crown to its weakest level against the euro in a year as more now expect the central bank will have to maintain an expansionary monetary policy even further. Against the euro, the crown was recorded just under 9.60 and against the dollar to more than 8.60 – the weakest level since before the turn of the year – after the statistics.

compared with the first quarter of 2015, growth was 3.1 percent. Although it is still a decent speed show Friday’s figures show that the economy has shifted down clearly compared to last year, when growth averaged about 1 percent per quarter and more than 4 percent for the year.

Even compared to at the beginning of this year showed the GDP statistics of a slowdown – only public consumption grew at a faster pace in the second quarter than at the beginning of 2016. Private consumption is also strong but dropped as expected momentum after being rushed forward unsustainably fast .

On account was disappointing investments stagnated in the second quarter. The companies built while less inventory than expected – something that does not need to be negative from a growth point forward. Exports also went weak, and net exports pulled down the growth rate is a few tenths of a percent.

exports hard to take off again can be seen in the light of the appreciation in the second half of 2015, but also in the wake of the continued faltering global developments. On Friday also released figures showed that eurozone countries slowed in the second quarter. The nineteen countries that make up Sweden’s most important export market grew by only 0.3 percent compared with the first quarter, half as fast as in the beginning of the year, with just 1.6 percent compared with the same period in 2015.

the Swedish tillväxtbesvikelsen in combination with the tensions between Sweden and abroad is more than enough to give the Riksbank headache for the next rate decision on 7 september. The Riksbank will probably not exacerbate monetary policy more but somehow the central bank must still take into account the new figures. It will probably be the first action to move forward the first expected rate hike further. Last Riksbank anticipated that interest rates would start to rise slowly during the second half of 2017.

As onions on Governor salmon is Friday’s Swedish GDP figure additionally an unusually uncertain, such as the so-called fast estimate is based on a thinner substrate than usual and often revised more. Riksbank must still make its new forecasts and take up his new interest rate decision before the updated GDP figure published in mid-September.

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Growth in the eurozone is slowing down – Västerbotten Courier

The growth rate in the euro zone is slowing to 0.3 percent in the second quarter, compared with the first quarter, according to new preliminary data from the EU statistical office Eurostat. Growth in the first quarter was 0.6 percent, according to revised figures.

GDP growth is 1.6 per cent compared with the second quarter last year, which is slightly better than expectations.

Earlier today came figures showed that France’s GDP growth has stopped completely in July, while growth in Spain slowed more than expected.

Inflation in the 19 euro countries rose by 0.2 percent in July, compared with 0.1 percent the month before, according to Eurostat. Higher prices, including food, alcohol and tobacco are behind the development.

Economists had expected inflation to remain at the same level as in June.

The unemployment rate remains at the same level in June, 10.1 percent.

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Spanish GDP growth slows – Västerbotten Courier

The rate of growth of the Spanish economy in the second quarter, in line with expectations. The Spanish gross domestic product (GDP) grew by 0.7 percent, according to preliminary figures, compared with 0.8 percent growth in the first quarter.

The forecast for the full year remains optimistic. Spain’s Finance Minister Luis de Guindos signaled earlier this week that it expects a growth of 2.9 percent in 2016, an increase from the previous forecast of 2.7 percent.

A stable domestic consumption and the growing tourism offers boost to the battered Spanish economy.

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Greatly boost for Google’s parent company – Västerbotten Courier

Economy. Search engine giant Google parent Alphabet beat analysts’ expectations, and net income increased to 4 , 88 billion dollars in the second quarter. In the post-trading share price rose 4.7 percent to $ 802.

The gain corresponds to 7 cents per share, compared with 4.93 dollars per share, totaling 3.93 billion dollars a year earlier.

Alphabets revenues increased in the quarter by 21.3 percent due to increased advertising sales on mobile platforms and video content. Revenues landed at 21.50 billion compared to 17.73 billion dollars in the second quarter of 2015.

According to Google takes half of your searches via mobiles, and some analysts estimate that more than half of its revenues from mobile ads .

Market Watch writes that Google’s share of the global digital advertising market is about 31 percent. The main competitor Facebook has increased the share from 8.6 per cent by 2014 at 12 percent, according to research firm eMarketer.

Almost all income comes from Google, while other activities, such as hemautomatiseringsbolaget Nest Labs and Research Laboratory X, total generated revenue of only $ 185 million compared to 74 million a year ago. At the same time, operating losses in the operations to $ 886 million compared with 660 million in the second quarter of 2015.

Cost control has been in focus since the former Morgan Stanley chief Ruth Porat hired as CFO last year. Investors acclaimed recruiting, and now it turns out that the total expenditure increased at a slightly slower pace than revenue growth.

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Thursday, July 28, 2016

Upwards of Lundin – Swedish Dagbladet

That was the message from the company management at the conference by the interim report.

“We continue to have a positive attitude to pay dividends, but to do it with the last year’s volatility in metal prices would not make sense. When the metal markets now strengthened the issue will definitely be back on the agenda, “said CEO Paul Conibear at Thursday’s presentation of results.

the company has, however, a number of internal projects – the expansion of zinc production in Portugal, expansion at Eagle mine in Michigan and a possible expansion at Chilean Candelaria – which requires a portion of the capital budget. In addition, outstanding bond loans with high interest rate could be bought back.

“It’s good to have cash on hand to finance at least a part of all this,” said Paul Conibear.

funds will be returned to shareholders is a pure dividend more probable than share buybacks.

“We exclude nothing, but our studies of other repurchase of the industry shows that it is rare for them are successful. most likely, a pure dividend, starting at modest levels and then increasing, “said Lundin boss.

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Bert Karlsson big win asylum wave – Västerbotten Courier

Securitas and Bert Karlsson has attracted a hefty winning ticket in the autumn of refugees, according to Dagens Industri.

Bert Karlsson expects one billion turnover and a profit of over 100 million in 2016 from his own company Jokarjo, which operates the temporary asylum accommodation and deliver meals.

During the first half of this year, Securitas has invoiced the Migration Board 214 million for security at the asylum accommodation. Compared with SEK 600 000 for the same period last year. The increase will be due to several arson attacks against future plants.

Jokarjo in turn has invoiced 405 million kronor to the Swedish Migration Board, which is an increase of 36 million compared with the same period last year. Matleveransen to their own and other establishments have turnover above 100 million.

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Stampen digital revenues plummeted – Västerbotten Courier

The troubled media group Stampen saw digital revenue more than halved during the last year. In 2014, the Group took out 370 million kronor in activities that provide digital revenues. Last year, the total slumped to 128 million, reports the GT has taken note of the Annual Report for the family Hjörnes holding company.

One of the reasons for the large fall is that the group sold several businesses that generated digital revenue.

Several creditors still hesitating on the composition proposal in rekontruktionen of Stampen. Tax Agency are among those who have not yet responded. For the taxpayers’ behalf has authority requirements Stampen of about half a billion crowns.

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Down on the stock market, despite the Astra Racing – Västerbotten Courier

Economy. Pharmaceutical giant AstraZeneca rushed to a strong interim report. But the Stockholm Stock Exchange weakened yet in Thursday’s trading. Upon closing OMXS index had fallen 0.3 percent to 494.9.

The weak trend on the Stockholm Stock Exchange was in line with the leading European stock exchanges.

But AstraZeneca took a big jump course rushed to the entire 7.0 percent after a report that satisfied the expectations regarding revenues and earnings per share.

industrial group Alfa Laval and mining and smelting company Boliden also worked up and climbed by 0.4 and 2, 6 percent.

OMXS index was weighed down mainly by the telecom sector and the banks. Nokia’s shares fell 1.8 percent while Ericsson was down 1.4 percent.

SEB was the biggest loser in the banking sector with a decline of 1.4 percent, followed by Swedbank, which went down 1.2 percent.

Even Fingerprint Cards and Stenbeck sphere of power companies Kinnevik was among Thursday’s losers and declined by 2.4 and 1.2 percent.

London’s FTSE 100 index fell 0.4 percent, Paris CAC 40 index declined 0.6 percent and Frankfurt’s DAX index closed down 0.4 percent.

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Repayment requirements could hamper purchasing power – Västerbotten Courier

Economy. Retail sales and consumer durables increases. But the purchasing power may be hampered by the amortization requirement on mortgages introduced, according to HUI Research.

Facts

retail sales rose in June by 3.2 percent compared with the same month last year.

Sales of retail trade grew by 3.3 percent in the first half of this year and for consumer durables by 5.2 per cent, compared with the same period last year.

the preliminary sales figure for retail sales in June, landed at 66 billion.

Source: Statistics Sweden and HUI Research

– If people have to repay more so, it may mean that they have less money left in your wallet to spend on goods, mainly in consumer durables, says Andreas Svensson at HUI.

He also believes that the amortization requirement can lead to lock-in effect, that people no longer move as before, and also it can lead to the purchasing power is inhibited.

– It is important for merchants to move people. When people are moving and changing residence make the reinvestment of furniture or electronics. They buy, for example, new televisions.

According to Andreas Svensson consumer durables inside a boom.

– It has been a surge in the first half of this year because households remain good purchasing power.

Construction retail sales increased

sales of retail trade grew by 3.3 percent in the first half of this year and for consumer durables by 5.2 percent, compared with the same period the year before. Above all, sales have increased in the construction trade and the furniture trade.

– The building trade has delivered good growth, although there have been changes in the tax deduction at the end of the year. Many had perhaps planned to replace the kitchen or renovating the bathroom and even if the tax deduction changed wants to implement his plans, he said.

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Worse than expected for Astra Zeneca – Business World

The pharmaceutical company Astrazeneca reports earnings per share Core (Core EPS) of $ 0.83 (1.21) for the second quarter of 2016

Expectations were for 0 , $ 79, according to the consensus of Inquiry Financial. The range of expectations was between 0.71 to 0.88 dollars. Thus, the outcome was 5.1 percent better than expected.

reported earnings per share were $ 0.00 (0.55) compared to the expected value of +0.23 dollars.

On the reported level, earnings before tax -30 million ($ 658), against the anticipated 392 million. Net profit stood at -31 million ($ 697) with an expected value of $ 288 million.

Core operating profit was $ 1.406 billion (1813), compared with expectations of $ 1.418 billion. Profit before tax stood at $ 1.24 billion (1679) with expectations of $ 1.189 billion. Net income was $ 1.028 billion (1520) and an expected value of $ 997 million.

The total revenue was $ 5.603 billion (6307). In constant currency backed sales by 10 percent in the quarter (+2) compared with the same period last year.

The total revenue is distributed on $ 5.469 billion in product sales (5,836) and $ 134 million (471) in outsourcing revenues, which include include milestone payments and sales of rights. The expected product sales stood at $ 5.54 billion.

The Board has recommended a dividend for the first half of 2016 of $ 0.90 (0.90).

Astrazeneca track continued to earnings per the stock core (core EPS) in 2016 will fall by a low to mid single digit at constant exchange rates (CER).

It is clear from the report.

the revenue is expected to continue to go down with a low to mid single digit at constant exchange rates (CER).

the pharmaceutical company AstraZeneca sales of ulcer medicine Nexium totaled $ 562 million (647) during the second quarter in 2016.

analysts had predicted a sales of Nexium at $ 458 million, according to SIX News / inquiry Financials survey.

Antipsykotikamedlet Seroquel (Seroquel XR) during the period had a turnover of $ 225 million (264). The expected value was $ 217 million.

Crestor statin reported revenue of $ 926 million (1,310) compared with expectations at 1.062 billion US dollars.

Asthma medication Symbicort reached sales of $ 803 million dollar (842). Analysts had expected sales of $ 775 million. Pulmicort had sales of $ 239 million in the quarter (232) with expectations at 268 million US dollars.

The anticoagulant Brilinta / Brilique, which is expected to be AstraZeneca’s next big seller, reported sales of $ 214 million (144) quarter. The expected sales of Brilinta / Brilique was 202 million dollars.

Breast cancer drug Arimidex recorded sales of $ 62 million (64) compared to an expected value of 60 million dollars.

lung cancer drug Tagrisso sales totaled $ 92 million in the first quarter.

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Worse than expected for Astra Zeneca – Swedish Dagbladet

photo: Henrik Montgomery / TT

the pharmaceutical company Astra Zeneca’s report for the second quarter of 2016 came in below analysts’ expectations.

reported earnings per share from core operations was 0:83 dollars, worse than expected 0.86 dollars per share, according to SME Direkt survey.

revenues missed analysts’ expectations of 5.603 billion dollars, compared with the expected $ 5.628 billion.

– We delivered in line with expectations for the first half. It reflected the expecting short-term challenges with outgoing patents, writes Pascal Soriot in the report’s president’s statement.

– Our growth platform continues to grow and it now takes up over 60 percent of our sales. Most importantly, our transformational pipeline that supplies a wide range of different medicines and laying the groundwork for our new growth, he writes on.

The text is updated.

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Wednesday, July 27, 2016

Facebook raised to a new record – Västerbotten Courier

Economy. Facebook beat Wall Street expectations and lifted shares to new record levels. Quarterly profit increased sharply since the mobile app attracted new advertisers and got old to plow more money into marketing in the social media giant.

Facebook’s stock hit a new course record during the regular Wednesday trade, and then the stock market closed and the company reported its earnings lifted it further at most 7 percent after the trade, and then slow down slightly, trading at 130: 45. In area after area – sales, profits, user growth and almost everything else – were analysts’ estimates.

The profit amounted to 2.05 billion (SEK 17.4 billion), or 71 cents per share, in the second quarter. That compares with a profit of 25 cents per share, or $ 715 million (6.0 billion) during the corresponding quarter last year.

Increased incomes

Revenue increased to 6.4 billion dollars (55.4 billion), compared with 4 billion dollars (34.2 billion crowns) in the second quarter of 2015.

most of the income, 84 percent, came from the ads in the mobile platforms. The total advertising totaled $ 6.2 billion (52.8 billion), which was more than the $ 5.8 billion analysts expected.

Facebook is one of the companies that benefited most from advertisers move money from TV to online and mobile platforms. The company has recently invested more in the mobile video market where Snapchat and Youtube are fierce competitors. At the same time urge the advertisers to experiment with its recently launched Facebook Live.

More users

The number of people who use Facebook at least once a month has increased to 1.7 billion people by the end of June, compared with 1.5 billion a year ago, according to Facebook stating that there is an increase of 60 million users since last quarter.

on the mobile side, where Facebook was once considered grappling with problems, there were 1.6 billion active users by the end of June, according to the company, which recently increased investment in virtual reality technology, messaging and even drones.

Facebook Messenger service blew up recently enmiljardsvallen, ie at least 1 billion people using it at least once a month. The same limit has been passed by the company Whatsapp and Facebook Groups, according to the company’s own accounting. Thus there are a total of four Facebook Services with more than 1 billion users.

Instagram, also owned by Facebook, has also increased to 500 million users, and is expected to generate $ 1.5 billion in revenue from mobile advertising this year, an assessment of the research firm eMarketer.

Facebook’s CFO David Wehner points out the Asia-Pacific region, especially India, as one of the most promising areas for continued user growth.

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Fed leaves rates unchanged – Västerbotten Courier

Economy. US Federal Reserve (Fed) leaves, as expected key interest rate unchanged in the range of 0.25-0.50 percent.

the dollar strengthened immediately against the euro and the Japanese yen after the announcement.

the Fed believes that the US economy has improved and says a rate hike will occur later in the year. The announcement that the interest rate was left unchanged was expected, since there has been concern that an interest rate increase could disrupt the fragile US growth.

According to the Fed, the country’s economy slowing growth and more jobs were added in June. The bank added that household consumption has increased significantly.

Decision-makers in the Fed says it will continue to review the inflation closely, but are less concerned about a sudden economic shock that could shake up the US economy.

in December, the Fed raised interest rates for the first time in nearly ten years. Although job opportunities increased significantly last month said most of the Fed’s policy makers that one should be cautious in raising interest rates until there is tangible progress in the efforts to reach the inflation target of two percent.

Britain’s choice to leave the EU also had less negative impact on the US economy than was previously feared.

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Heavily profit boost for Facebook – Västerbotten Courier

Facebook’s quarterly profit rose 59.2 percent since its mobile application attracted new advertisers and got old to plow more money into marketing. The share price hit a new record during the regular trading on Wall Street and raised further by at most 7 percent after the trade.

Earnings per share is equivalent to 71 cents per share, or 2.05 billion dollars (17.35 billion) in the second quarter ending June 30th. That compares with a profit of 25 cents or $ 715 million (6.0 billion) during the corresponding quarter last year.

Revenue rose to 6.44 billion dollars (55.42 billion), compared with 4.04 billion dollars (34.18 billion) in the second quarter of 2015.

Most of the income, 84 percent, came from ads in your mobile app.

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Elon Musk: “I am confident that the car will begin production next summer” – Aftonbladet

The setbacks continue for Tesla is now flagged to the company needs more money.

Now beat Elon Musk back and promises that the new Model 3 is launched next summer.

– We can sell for $ 20 billion a year, he said.

the summer has been heavy for Tesla and Elon Musk. Not only that several Tesla cars have crashed after the pilot has failed. The stock has fallen by ten percent since early summer and also have one of the company’s top executives resigned and gone to Facebook. Elon Musks plans to merge Tesla with solar company SolarCity has also faced harsh criticism.



“Not correct”

In order to fight back against adversity called Musk on Tuesday to a press preview of Tesla new factory “gigafactory” in Nevada where the electric car manufacturer will manufacture batteries for the upcoming mass-produced Model 3.

the vision is to combine Tesla with SolarCity to create your own ecosystem of solcellstak, batteries and electric vehicles. But it will cost 10′s of billions of dollars.

– Do not ask me if we should spend tens of billions now, for it is not correct, says Musk.



The factories are not ready

In addition to new money is Tesla’s new car model Model 3, which will save the company. The car has pre-ordered in 373 000 copies and Musk is now promising that the production will be in operation next summer.

– I am confident that the car will begin production next summer. It will sell for $ 20 billion per year and make a gross profit of five billion dollars when we are in full production.

Then you have to hurry up for Tesla. Only a fraction of the factories that will make the cars are completed. Battery Factory in Reno, Nevada is not even half finished, but is said to be in time for the winter.

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Spain and Portugal avoid EU fines – Västerbotten Courier

Spain and Portugal will not be fined for its excessive budget deficit. The European Commission may, in accordance with the regulations, impose fines on the two countries by up to 0.2 percent of their gross domestic product (GDP). But now they have backed away from his earlier warning because of the outcome of the British referendum on the EU exit.

– Sanctions, even symbolic ones, could be misunderstood by the public, says EU -kommissionären Moscovici.

– it (sanctions) is not the best course of action in a time of widespread doubt he continues.

the ball now goes to the finance ministers of euro zone. And although Spain and Portugal will not have fines, there are other tools in the toolbox. One possibility that has been discussed is to pull in any part of the support from the EU structural funds for the two countries.

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EU backs economic sanctions – Swedish Dagbladet

Spain and Portugal will not be fined for its excessively high budget deficits. The European Commission may, in accordance with the regulations, impose fines on the two countries by up to 0.2 percent of their gross domestic product (GDP). But now they have backed away from his earlier warning because of the outcome of the British referendum on the EU exit.

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Musk: Model 3 can provide 170 billion – Daily News

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