Swedish Market Economy: February 2015

Saturday, February 28, 2015

S shall investigate Saudi agreement on – Expressen

A peak plan was to VU avoid Saudi Agreement – which was not mentioned a word on the agenda.

But during the “political situation” struck several Executive Committee members stated that the Congress decision on banning arms exports to dictatorships is not compatible with a renegotiated agreement.

In an extraordinary press conference attempted defense minister and VU Commissioner Peter Hultqvist (s) to downplay tensions.

– There are no disagreements as speculated, says Peter Hultqvist.

Right after the Social Democrats’ meeting with the Executive Committee, the Executive Committee, was clearly held Defence Minister Peter Hultqvist an extraordinary press conference.

But the answer how the Social Democrats stand the question whether the agreement with Saudi Arabia to be broken or not came.

“A government issue basically”

– There is an agreement between two states. Then it is therefore a government issue fundamentally. The party’s role in the foundation will then be an advisory body. It is our relationship to the executive committee of the foundation, said Peter Hultqvist and continues:

“There are no disagreements”

Although the party outwardly shown to be divided on the issue, saying Hultqvist to there are no disagreements.

– There are no disagreements as speculated. The situation is that based on the entire amount of the amount of this complex topic contains so we are now doing all the preparation aunt in a thorough manner.

Saudi agreement was not on the agenda of the Executive Committee, the Executive Committee, two-day meeting . In the item “political situation” was lifted yet the issue.

Gives Congress the decision space for any kind of military cooperation agreements?

– I can only say how Congress decision looks and that it is the basis for the behavior of both VU and party executive side, says Peter Hultqvist.

Peter Hultqvist would not say whether the agreement should be renegotiated or terminated.

– We are a preparation stage still. It is a task we take on in a serious way and that means we will return when the process is completed, he said.

How far have you come in conversation with the Green Party?

– We know very well what we should talk to the Green Party and what kind of points that we should take up.

Is it possible to combine a renegotiated contract with the Social Democrats’ congressional decision?

– We are ready to return when the process is complete. This is so that there is things that need to be further discussed before it is ripe to put all the cards on the table, says Peter Hultqvist.

“This Agreement shall be terminated”

According to several Socialist heavyweights go congressional decision not to reconcile with a renegotiated arms contract with Saudi Arabia.

“Sweden needs a sharp regulations that prevent arms exports to dictatorships and countries that rough and extensive human rights violations,” says the Social Democrats of Congress from 2013 .

– I have been clear SSU’s claim that the agreement should be terminated and that the party should respect the Congress decision. VU agree that Sweden should not export arms for battle to Saudi Arabia says Ellinor Eriksson after the meeting of the Executive Committee.

Talla Alkurdi, Chairman S-students, has the same view of the discussion Conclusion:

– What we agreed on is that we should not export arms to fight for Saudi Arabia. Since it is a decision to be taken in the government.

According Talla Alkurdi is not the agreement complies with the Congress decision.

– Congress decision is very clear and the agreement is not compatible with it, she says .

The Executive Committee agreed that Sweden should not export arms for battle to Saudi Arabia, see Peter Weiderud completely obvious.

– It is also a consequence of the Congress decision 2013.

What does it mean for the government’s formulation of the question of Saudi agreement?

– VU has not taken a decision, but had a discussion. It is up to the minister who has to carry the matter to ensure that it will be a good decision. I have great confidence that it will be, says Peter Weiderud.

The unity of the Executive Committee “that Sweden should not export arms for battle to Saudi Arabia” is in line with Stefan Löfvens previous statements.

– In the arms you have both materiel for combat and materiel that does not count as combat. Therefore, we believe that the first step that must be done is to negotiate the agreement, ensure that it is not so detailed, he said during a question and answer session in parliament in January, according to Aftonbladet, in which he argued for renegotiation.

later than 15 May, the government must denounce Saudi Agreement – otherwise, shall be automatically extended for five years.

Two dead in crash with car – Västerbotten Courier

Two men have been killed in a single vehicle accident on Highway 40 on the outskirts of Jonkoping, police said.

The car must have been run through a railing at a viaduct and fell several meters down on an underlying local road.

They killed the men were born in the 1990s.

– They were driven to Pine Hov hospital, but their life could not be saved, says Bo Kellerth, duty officer at Jönköping police said.

According to the police, who do not yet know what caused the accident, it was not slippery at the time.

SAS cancels flights – Hufvudstadsbladet

More pilots at the airline Norwegian Air Shuttle can join the strike on Wednesday. Photo: Lehikuva: Heikki Saukkomaa

The airlines SAS and Norwegian Air have problems with their flights today due to strikes. The risk is that the problems are growing on Wednesday.

SAS states for FNB that approximately 20 flights must be set today to cabin crew strike. On the Norwegian taken 70 pilots on strike, but the conflict could escalate on Wednesday when additional pilots, a total of 650, may be affected.

The strike comes the Scandinavian subsidiary Norwegian Air Norway. Distances between Scandinavia and the UK, the US and Asia are not affected. The airline stated that the strike is not expected to cause any significant problems for flights from Finland during the weekend.

Information on each flight is on Norwegian and SAS Web pages. SAS canceled a flight from Helsinki to Copenhagen this morning. Both airlines also contact their passengers by SMS. SAS cabin crew strike to the company plans to transfer 150 employees to a subsidiary.

SAS cabin crew strike again – Västerbotten Courier

At least 60 flights have been canceled by the airline SAS on Saturday after a Danish cabin crew have resumed a strike. SAS states that 30 departures from Copenhagen has been set, while Copenhagen Airport says that even 30 arrivals have been set.

About 75 employees among the SAS cabin crew did not come to work on Saturday, according to Danish TV2. The cabin crew should hold a union meeting that deals with the decision that 147 of the employees will be transferred to the subsidiary Cimber.

Paragraph The strike began on Friday, and SAS has responded by turning off 20 employees, according to TV2.

– This is a work stoppage contrary to our agreements, and then the employees must appear, says SAS Press Manager Trine Kromann-Mikkelsen.

– It is of course totally unacceptable for our customers, so we regret this again, says press officer.

Strike stopped the 70 SAS flights – Helsingborgs Dagblad

No flights to Stockholm or Gothenburg appear to have been affected by the strike, says Henrik Kelfve at the airport owner LFV TT.

About 75 employees did not come to work on Saturday, according to Danish TV2. The union CAU’s point strike began on Friday, and SAS responded by turning off 20 employees.

– It is about a work stoppage contrary to our agreements, says SAS Press Manager Trine Kromann-Mikkelsen to TV2.

According to a press release from the airline was signed late on Saturday afternoon an agreement that the cabin crew would temporarily resume work during the evening, but it was under TV2 unclear whether it would actually happen. New negotiations between SAS and CAU held anyway on Sunday morning.

On Kastrup was waiting hopeless. Passengers told TT that they had to wait for hours – only to be told they at all would come off or not.

Russia empties half the crisis checkout – Swedish newspaper Svenska Dagbladet

Ukraine-related sanctions and halved crude prices is behind the crisis situation.

The ruble, which lost 40 percent against the dollar in six months, squeezed by the new austere budget figures. They come just a week after Moody’s lowered Russia’s credit rating and warned of further cuts, which pushes up the country’s financing costs.

According to Russia’s Deputy Finance Minister Tatiana Nesterenko, the government has asked Russia’s parliament to approve a withdrawal of up to 3 200 billion rubles (about 440 billion) out of the crisis fund. That’s more than half of the assets of just over 700 billion.

According to Nesterenko, this year’s budget deficit swelled to 3.7 percent of Russia’s GDP, up from a previous estimate of 0.6 percent.

A gigantic loss of revenue due to the fall in oil prices and sanctions against Russia, which were established after the annexation of the Crimea, located behind the development.

The Russian government revenue is expected to fall to 12 500 billion rubles a year, against a previous estimate of 15 100 billion rubles. Austerity presses while spending from 15,500 billion to 15,200 billion rubles.

Friday, February 27, 2015

Therefore, warned that the flight chaos over the weekend – Expressen

Dissatisfaction among cabin crew have done that over 40 SAS departures Copenhagen had to be canceled on Friday.

But in spite of signed contracts is the risk that the problems will continue over the weekend.

– Some employees have decided to continue the strike and come to their flights says SAS Danish Communications Trine Kromann-Mikkelsen to Sydsvenskan.

If you are going with a SAS flights from Copenhagen this weekend’s the risk that you may stay on the ground.

A conflict between SAS and the cabin crew union CAU has made several planes become prominent. Only on Friday will offer more than 40 of the company’s over 100 departures from Kastrup been set. The reason is that the cabin crew appeared.

The conflict stems from a dissatisfaction of the cabin crew. From 1 March assumes the SAS twelve aircraft and personnel from the bankrupt company Cimber.

“Solution of those”

With the upper hand considers the union CAU to cabin crew conditions deteriorate.

CAU’s vice-president Jean-Pierre Schomburg said to Sydsvenskan that SAS tries to feint away the collective agreement which the union can not accept.

He can only regret that individual passengers now gets affected.

– We all live by passengers. So I hope that SAS management takes their senses. The solution lies with it, says Jean-Pierre Schomburg told the newspaper.

income text via the website

SAS their part, argue, however, that the staff offered exactly the same conditions as before. According to Trine Kromann-Mikkelsen wrote the two parties also on an agreement on Friday afternoon which would have broken the strike.

– But some employees have chosen to continue the strike and come to their flights, she tells the magazine.

If the problems will continue over the weekend is at present uncertain, but Trine Kromann-Mikkelsen urges passengers to stay informed through the company’s website.

– We also send sms to all passengers we have the numbers to, which is most, she says to Sydsvenskan.

SAS flight cancellations at Kastrup – Swedish newspaper Svenska Dagbladet

According to Sydsvenskan has over 40 100 departures from Copenhagen set, even though the company reached a settlement with the cabin crew union CAU during the day.

– We signed the agreement at 14:30 am which would mean that the strike would end. But some employees have decided to continue the strike and come to their flights, said SAS Danish Communications Trine Kromann-Mikkelsen told the newspaper.

cabin staff dissatisfaction because SAS took over twelve aircraft and personnel from the bankrupt company Cimber. The union argues that it means worsening conditions, something that the company rejects.

It is still unclear how many flights will be affected by the conflict. SAS CIO Trine Kromann-Mikkelsen urges passengers to stay informed about the situation by checking out the company’s website.

– We also send out SMS messages to all passengers that we have the numbers to, which is most, she says to Sydsvenskan.

Wall Street’s oldest investor is dead – Kahn became 109 years – Business Week

Wall Street's oldest investor is dead – Kahn became 109 years – Business Week

He was the oldest on Wall Street. Although his two sons already had time to retire continued Irving Kahn go to work every day.

Irving Kahn has fallen asleep. The legendary investor was 109 years and the oldest on Wall Street. Kahn had time to experience both the depression of the 30′s, two world wars, stock market crash of 1987 and the financial crisis of 2008. Towards the end of his life he was known as Wall Street’s oldest investors. This writes Business Insider.

READ ALSO: most influential Swede on Wall Street strikes fear in Americans

Kahn was born December 19, 1905 and began his career in the financial industry in 1928 -29 as a stock analyst on Wall Street. He acquired early in a significant mentor – the legend Benjamin Graham. They met when Kahn studied at Columbia University and Graham had as a teacher. It was also in his classroom Kahn met his wife who he lived with until her death.

Despite his advanced age, Kahn continued to the very end of each day to go to his office to work, although his two sons already had time to retire. Every day, Kahn also home to eat lunch, because it was cheaper that way. A habit that remained from having experienced depression, writes The Daily Beast.

KAHN: 108-year-old aktieproffsets top tips

Q8 answers resolved on its own investigation – Swedish newspaper Svenska Dagbladet

Camilla Slunge Dowling is Sustainability Manager at Q8 which is the fuel companies that the two Volvo owners fueled diesel – only to be left with dense fuel filter in the middle of traffic on the highway.
– I’m very glad it went well, it did not happen anything serious. This and the additive Eolys I can not, so I can not comment. Our fuel is exactly the same as the rest of the industry, we can not see what is the cause clogging of filters in the current situation. I can not find out what happened in Angelholm a year ago, says Camilla Slunge Dowling.

Kristina Bengtsson has only fueled the Q8. Have Q8 any responsibility to her car stopped on the highway?
– I do not know. It must be determined on a case by case basis. We have lowered our blend of RME 7-5 percent. But we must also ask ourselves – how do these cars’ fuel out? Is there zinc in the system and so on.

Even Dan Strömberg in Linköping ran into the exact same thing after refueling Q8-diesel with RME involved.

About two cars have stopped on the highway after they refueled with you. Do you have a responsibility – yes or no?
– We have a responsibility to propellant is correct.

Is it correct then?
– There are Swedish and European standard.

But it is the fuel that is the problem when the fuel filters clogging?
– We have to look at from a sectoral level – and Also look at whether certain types of cars fuel system fails the standards we have. But it is not an issue for Q8, it’s an issue for our industry organization SPBI.

So even though these two people refueled at Q8, it’s not an issue for Q8 – is that correct clear?
– It is our responsibility to propellant is accurate and complies with the standards that exist. Then from case to case and we’ll investigate the issue, take a fuel sample and look at the filter.

You say that you should investigate a case by case?
– In principle, so we handle it.

Kristina Bengtsson has called you, but your product specialist, referring to Volvo. Have you investigated this?
I do not know. It was over a year ago. I’ve really hard to express an opinion on the case.

How do you usually do when customers call in whose cars have stopped in the middle of highways?
– This is not happening with regularity. If the propellant may be one reason we make an inquiry.

But that was what happened here when she rang …
– I can not answer what happened a year ago. I do not know.

At Volvo Bjarne Darwall press officer for Volvo Cars Sweden AB.
– It is very serious that the cars stop in a sensitive traffic. In Linköping say, I have no information. With the woman in Angelholm, I can confirm that she was to us in January last year with tight fuel filter. I have no information that would be linked to particular additive or fuel.

Was it right that she should pay?
– I can not judge, it have we put ourselves in more.

What is your responsibility to Volvo cars stopped in the middle of the highway?
– Volvo’s responsibility is to take the issue seriously. But after declining service intervals and introduced changes into production in 2014, we do not see that there is an overall problem with us. We investigate it further.

The world’s oldest investment banker was 109 years – Swedish newspaper Svenska Dagbladet

The world's oldest investment banker was 109 years – Swedish newspaper Svenska Dagbladet

He began on Wall Street in 1928 and worked through the Great Depression, two world wars and the dot.com crash. Everything with strong influences of investment guru Benjamin Graham as he, like Warren Buffett, was assistant to. The principles were about to ignore the stock exchange daily mood, never buy inflated shares and hold on to the investment for at least three years.

Now, Irving Kahn has died at age 109 years. Until his death was styled him “the world’s oldest investment banker.”

In addition when the weather put their obstacles continued Irving Kahn way into the end acting head of the firm of Kahn Brothers – everyday controlled by the son who is also CEO Thomas Graham Kahn, 72 years. The company manages a portfolio worth almost 5 billion.

Irving Kahn gave very few interviews. When the UK Telegraph met him in 2014 saying he “prefer to be slow but steady.”

– I call companies and considering what they can provide for the return of, say, four or five years. If a stock goes down so I have time to wait out the storm, maybe buy more at a cheaper price. If the reasons why I made the investment in the first place have not changed so I should of course like shares even more when it goes down, he told the UK Telegraph.

If today’s market climate spoke Irving Kahn as follows:

– I saw crashes, recoveries, World War II, a variety of economic downturns and pickups. What is different this time is the flow of information. Many see the financial news on television in the bars, at the hairdresser. This super flow of information, it’s all here in the air.

There was also something that Irving Kahn argued around when SvD Business met him in 2011 in one of the last interviews he did.

– We may be heading with a new depression because the world is much smaller today than it was in 1929. I can pick up this phone and call Switzerland or Sweden or any country for the part and it is bad noises where it will in one way or another way to spread here, he then said to SvD Business.

The family Kahn has a tradition of live long. Irving Kahn’s sister, Helen Reichert, died at 109 years of age she too. Another sister, Leonore, passed away when she was 101 years old. His youngest siblings, Peter, died at the age of 103 years.

Astra forms new subsidiary – Swedish newspaper Svenska Dagbladet

The new company is based in Waltham, near Boston in the United States. About 95 scientists today are placed there will be affected by the decision. Some of them will get jobs in the new company or in other parts of Astra Zeneca. The company is investing $ 40 million in the new company.

The changes will not affect the employees in Sweden, according to AstraZeneca.

Sweden is unexpectedly strong – Swedish newspaper Svenska Dagbladet

Expectations spoke on a GDP-lift with 0.5 percent in the fourth quarter compared with the previous quarter and plus 1.6 percent compared with a year earlier. The numbers were greatly ashamed when SCB today published new statistics.

GDP growth accelerated instead of 1.1 percent in the fourth quarter and 2.7 percent in one year. For 2014, attributed the increase to 2.1 percent.

– There is relatively good pressure in the Swedish economy, says SEB’s Chief Economist Robert Bergqvist to SvD Business.

Household consumption rose 0.9 percent compared with the third quarter. Public consumption increased 0.5 percent and exports rose by 2.7 percent. Imports rose 2.8 percent.

Robert Bergqvist notes that there is a broad upturn. It is no longer just the households who benefit. Both investment, household consumption went well and exports surprised positively.

– Exports seems to be underway. Compared to many other countries, we have a good development, says Robert Bergqvist.

The question then is what GDP figures means the Riksbank which is fighting hard to push up the low inflation. According to Robert Bergqvist, it is good that the numbers upside surprise, the opposite would have been worse for the Riksbank.

– They can enjoy GDP growth reduces the pressure on the Riksbank, says Robert Bergqvist.

Another aspect of the strong growth is the risk that the Swedish krona strengthens, which the Riksbank reluctant desire.

– This morning, the krona appreciated by 5-6 cents and would we get a rapid appreciation of the krona can inflationary impulses, which the Riksbank wants to see through an undervalued currency erased.

He also notes that the economy at the beginning of the year looks good.

During Friday morning was presented namely statistics from retail sales, which proved to be strong. Sales volume increased by 5.1 percent in January compared with the same month in 2014. Grocery sales grew by 2.1 percent, while durable goods rose by 7.7 percent.

– We believe that although 2015 may be a reasonably good economic development We revises down our growth forecast for the year, says Robert Bergqvist.

Statistics announced week that as from the publication of fourth-quarter national accounts will focus on the seasonally adjusted development of the previous quarter.

Stockholm Stock Exchange moves around zero after the announcement.

Thursday, February 26, 2015

Fingerprints CEO: “We are not spåmänniskor” – Swedish newspaper Svenska Dagbladet

Fingerprints CEO: "We are not spåmänniskor" – Swedish newspaper Svenska Dagbladet

– We are not happy with the end result that was worse than we had expected earlier, but we are pleased that sales are growing at a good pace. It is mixed, you might say, say Fingerprints Acting CEO Jorgen Lantto.

Operating profit landed at -30 million in the fourth quarter and -144 million for the full year 2014. Sales rose 95-234 million in last year.

Jorgen Lantto went up as CEO of Fingerprint under dramatic circumstances when the president Johan Carlstrom been detained one day, suspected of serious insider dealing and police made an acclaimed raided the company’s headquarters in Gothenburg. The preliminary investigation is today at the Economic Crimes Bureau in Stockholm.

– The turbulence was there, but we who work in the company focuses on pushing it forward and sell the technology to customers. Our job is to focus on that and not on the turmoil around, says Jörgen Lantto.

Do customers shrunk because of criminal suspicions?

– We has previously announced that it will not affect our business. Customers choose to work with us because we have the products they want. We have not seen any effect.

not long ago as Fingerprint communicated to the market that sales in 2014 would land at 500 million. But well into the autumn, the company realized that it would be impossible to reach. With Thursday’s closing report said CEO Jorgen Lantto that this year’s sales forecast is on a billion.

Fingerprint had to change its forecast for 2014 due, according to Jorgen Lantto that customers pushed forward their phone launches.

– In the phase we were in 2014, we worked with a few models that made an effect of deferred launches impacted more. Now this year we are working with more products and more customers and then the effect of a delay much smaller, says CEO and continues:

– We are not spåmänniskor. We can only give our best estimate and we stand for. We have tried to explain in the context of the report why we insist on the forecast for 2015, there are more customers and more products.

Next Week begins the Mobile World Congress. Already on Sunday is expected to Samsung release its new flag cap model Galaxy S6, a phone that according to preliminary speculations can make use of fingerprint technology of touch model.

A few hours after the announced closing announced Fingerprint Cards them to show off their new touch sensor during Mobile World Congress in Barcelona. The sensor is adapted to be placed on the side of the mobile phone. Shares rushed on the Stockholm Stock Exchange immediately after the announcement.

What do you think we will see during the Mobile World?

– We have many customers that will launch products on immediate future, but it is seldom tell us exactly when a particular product will be launched. We do not always have the clear picture. In general, one can say that many of telephone providers do not launch during the Mobile World because it is overshadowed by the launch from major vendors such as Samsung, so when they do it at another time.

Newly elected Fingerprint turning down the number of press releases about the so-called design wins, since it does not involve a guaranteed launch.

– We have many products that will be released in the near future, and few are those that we believe would have been released before, says Lantto.

Fingerprint is not the only company in the Swedish biometrics scene. Precise Biometrics rose sharply on the Stockholm Stock Exchange during the autumn of 2013, but fell back as quickly. The stock has now fallen 25 percent since the end of 2013/14. As with Fingerprint can also Precise loss. Full-year earnings landed at -44 million and also sales fell to 31 from 34 million.

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Even a strong trading day – Private Businesses

Among mid-cap companies rushed Fingerprint Cards 25 percent.

OMXS30 index closed 0.4 percent up to the level of 1684.8. Turnover on the Stockholm stock exchange was moderate SEK 12.8 billion.

The Chinese Premier Li Keqiang set the tone in parts of Asia by declaring that he wants to see more action to support growth, while in a publication from China’s central bank argues for the need for monetary easing to counter deflation risks.

The Chinese stock markets reacted positively, as Tokyo’s Nikkeiindex. While base metals such as copper and zinc advanced, while the dollar became more expensive.

From Germany it was announced that the number of unemployed fell more than expected in February compared with the previous month, also an economic positive signal.

In large cap index topped the mining company Boliden with a rise of 1.7 percent to 169: $ 40, the highest price since the summer of 2000. A little extra help received shares possibly to Citi has raised the target price to 186 crowns, from the previous 160 crowns.

The sector also lifted Lundin Mining 1.1 percent, while gold digger Semafo performed only slightly better than the index.

The big banks were also stable at plus. The best was the SEB and Handelsbanken, both of which rose about 1 percent.

Although most cyclical engineering companies noted higher. Alfa Laval rose 1.3 percent, 1 percent, ABB and Sandvik 0.7 percent.

The oil company Lundin Petroleum was the weakest among the largest companies, with a decline of 0.8 percent. Oil prices fell back after a rebound late on Wednesday.

Fingerprint Cards, which produces technology for fingertrycksavkänning, rushed 25 percent. The company reported an EBITDA of -16.4 million (-11) for the fourth quarter and annual sales of 105 million (34), but reiterated the forecast of sales of over 1 billion 2015th

It also emerged that the company will showcase its new touch sensor during the Mobile World Congress in Barcelona in early March.

Mycronic lifted 6 percent to SEK 56:75 thereby laying a second day with a big rise behind. The company announced on Wednesday an order for a new type of mask writers. Since the beginning of the shares up the whole 129 percent.

Game sector experienced some pressure since the Gaming Board had Apple to remove apps from at least twelve gaming company from its Swedish business, including Unibet and Betsson. The shares fell 1 percent and 1.1 percent.

A strong quarter results and a dividend increase of 26 per cent gave a boost to the NGM listed brewery shares Kopparberg, which ended the day slightly more than 11 per cent up.

In the same direction went game developer Starbreeze, which reported declining profits but more sales. Shares added 3.7 percent.

The shareholders of plant lighting company Heliospectra saw his stock plummet nearly 14 percent after a big loss for 2014 and a negative cash flow in the second half.

Up on the Stockholm Stock Exchange – Helsingborgs Dagblad

When the Stockholm Stock Exchange closed on Thursday was OMXS index of plus 0.4 percent.

But it remained winter holidays calm and price movements were relatively small in the absence of significant news .

A shares stood out among major companies: mining company Boliden rose 1.7 percent, partly since the copper price has risen and a larger brokerages raised the target price properly.

heavyweight Electrolux fell 0.6 percent .

Fingerprint Cards released the interim report in the morning. Shares fell first but then rushed and closed at 24.7 percent up.

The oil company PA Resources reports a resounding loss but announces that it received some respite with interest payments. Shares fell 6.5 percent.

The dollar turned up after a few days of weakness. The dollar is now costing 8:38. In the afternoon, new figures showing that the US for the first time in a long time has a negative inflation.

On the leading European stock markets were also up. FTSE index rose 0.2 percent, the Frankfurt Stock Exchange’s DAX index rose 1.0 per cent and the Paris Stock Exchange CAC index rose 0.6 percent.

Stockholm: Fingerprint up like a rocket – Dagens Industri

Updated 2015-02-26 17:57. Published 2015-02-26 17:50

Chinese Premier Li Keqiang set the tone in parts of Asia by declaring that he wants to see more action to support growth, while in a publication of China’s central bank argues for the need for monetary easing to counter deflation risks.

The Chinese stock markets reacted positively, as Tokyo’s Nikkeiindex. While base metals such as copper and zinc advanced, while the dollar became more expensive.

From Germany announced that the number of unemployed fell more than expected in February compared with the previous month, also an economic positive signal .

In large cap index topped mining company Boliden with a rise of 1.7 percent to 169.40 kronor, the highest price since the summer of 2000. A little extra help received shares possibly by Citi has raised the target price to 186 crowns, from the previous 160 crowns.

The sector lifted also Lundin Mining 1.1 percent, while gold digger Semafo performed only slightly better than the index.

The big banks were also stable at plus. The best was the SEB and Handelsbanken, both of which rose about 1 percent.

Although most cyclically sensitive engineering companies noted higher. Alfa Laval rose 1.3 percent, 1 percent, ABB and Sandvik 0.7 percent.

The oil company Lundin Petroleum was the weakest among the largest companies, with a decline of 0.8 percent . Oil prices fell back after a rebound late on Wednesday.

Fingerprint Cards as manufactures technology for fingertrycksavkänning, rushed 25 percent. The company reported an EBITDA of -16.4 million (-11) for the fourth quarter and annual sales of 105 million (34), but reiterated the forecast of sales of over 1 billion 2015th

It was also found that the company will showcase its new touch sensor during the Mobile World Congress in Barcelona in early March.

Mycronic lifted 6 percent to 56.75 kronor thereby laying a second day with a big rise behind. The company announced on Wednesday an order for a new type of mask writers. Since the beginning of the shares up the whole 129 percent.

Game sector experienced a some pressure since the Gaming Board had Apple to remove apps from at least twelve gaming company from its Swedish business, including Unibet and Betsson . The shares fell 1 percent and 1.1 percent.

A strong quarterly earnings and a dividend increase of 26 per cent gave a boost to the NGM listed brewery shares Kopparberg, which ended the day slightly more than 11 percent up .

in the same direction was the game developer Starbreeze, which reported declining profits but more sales. Shares added 3.7 percent.

The shareholders of plant lighting company Heliospectra saw his stock plummet nearly 14 percent after a big loss for 2014 and a negative cash flow in the second half.

Washington next for Östros – Swedish newspaper Svenska Dagbladet

Mr Östros was really the prototype of a truly successful careerist within social democracy. But when Hakan Juholt became the Social Democratic Party in March 2011 forced Mr Östros removed from his post as the party’s economic policy spokesperson. At the same time, he had to leave the party’s power center, the Executive Committee.

Now revanscherar he with an international career on a high level. At the Cabinet meeting on Thursday appointed Mr Östros to one of the 24 executive directors of the International Monetary Fund (IMF). This means that he must Christine Lagarde to head.

Mr Östros to be with and take charge of the International Monetary Fund’s daily work. Directors collected several times a week. Their mission is to promote the economic development of the 188 member countries. The IMF is an agency of the United Nations but the criticism has periodically been hard on the IMF has forced poor countries to hard savings program as a condition for loans.

When Thomas Östros was born in 1965 was named the family Waaranperä . His father was a boom box in Malmberget. When the family moved to Västerås was changed Waaranperä against Östros. Mr Östros was active in the youth SSU and while studying in Uppsala, he was active in the Socialist Student Association Laboremus. In 1990, Mr Östros expert in the Finance Ministry and a few years later he became a licentiate in economics.

In 1996, Persson in Thomas Östros in the government where he was the first Treasury Secretary, then Minister of Education and ultimately for Enterprise.

He often placed in the party’s right wing. He was mentioned in speculation about who would lead the Social Democrats. Others in the alleged party right who then mentioned was Mikael Damberg today for Enterprise and Sven-Erik Österberg, today governor of Norrbotten.

But instead, Håkan Juholt party leader and perhaps Mr Östros relieved to avoid participating in the machinations and intrigues which then tormented social democracy.

But Mr Östros had to endure harsh criticism before he could move to a quieter existence. During his time in government, he had whipped the bankers for their high bonuses but in 2012 he made a quick change from toppolitiken and criticism of banks to the job of President of the banks ‘own interest organization, Bankers’ Association. The rapid change seen with disfavour, not least among former comrades.

Now the question is who will take over Mr Östros as Bankers’ Association president.

Explosion shaking Kabul – Norrtelje Newspaper

An explosion rocks the embassy area in the Afghan capital Kabul, where also the Swedish Embassy is located.

Several media reports about the case of a suicide attack. But it is not clear where in Kabul occurred.

British Embassy, near the Swedish, sent a security message to its employees, and in those closest to consolidate the diplomatic quarter is heightened alertness.

Recently, warned the US Embassy in Kabul that there was a risk of imminent attacks against US citizens.

Skattesmäll for imitation borätter – Dagens Industri

Skattesmäll for imitation borätter

2015-02-25 23:28

Those who live in an illegitimate tenant must adjust to higher housing costs in the future.

The low government borrowing means that the relief amount proprietors may deduct from housing benefit to be taxed this year will be significantly lower. And in 2016 abolished relief benefit fully, writes Swedish newspaper Svenska Dagbladet.

A genuine tenant may have at most 40 percent commercial activity.

A few years ago there were about 5000 apartments in imitation compounds . But that figure could rise.

We have a large gray area of compounds that can be re-classified, says Jesper Anderberg, legal expert at the Swedish Tax Agency, told the newspaper.

Wednesday, February 25, 2015

France will not have penalties for budget deficits – Swedish Radio

The French Government have two years to bring its budget deficit to the requirements that the EU has in its member countries. That was the message from EU Commissioner Mr Dombrovskis today after a thorough examination has been made.

– The need for additional power efforts and we believe that our decision-making has created guidelines that help to achieve this, ‘said Mr Dombrovskis.

The background is that France had major problems with its economy for several years.

In addition, the growth of investments and investments in France at a very low level.

While unemployment is relatively high. This means that the government does not really get started his country’s economy as it wants.

Therefore believes the EU Commission that France’s national budget in a few years, being well above the limit set for how high a budget deficit may be.

The limit set is three percent of the amount you get when you count up the value of all goods and services produced during the year. It is called Gross domestic product, GDP.

France can not do without three per cent threshold is just over four percent over the next two years. But the French government can then take a break for it is in any case no EU fines as some feared.

Jan Andersson, Brussels
jan.andersson@sverigesradio.se

Great loss for Nevs: Jaws 1.2 billion – Expressen

There was a loss of over a billion dollars for Nevs during 2014.

The loss before tax landed at almost 1.2 billion, reports P4 West.

It is the administrator Lars Eric Gustafsson who submitted a document to the court showing the casualty figures. The current principal owner is Chinese company National Modern Energy Holdings, which bought most of Saab’s bankruptcy estate for 1.7 billion in June 2012.

In December 2013 could be the first “virgin” Saab were roll out factory in Trollhättan. But according to P4 West should carmaker Nevs had major problems last spring when the Chinese partner, the city of Qingdao, not given the money to Nevs as promised. Cash Tappet from China helped to vehicle production levels were in Trollhättan and was stopped in May.

“After the stoppage, only some spare parts production before been and Nevs revenue has thus been extremely limited since May 2014, while activity continuously operating costs have been of considerable size “writes administrator according to P4 West.

The loss for 2014 was, according to the company expected.

– We have a budgeted deficit in the first years. But since we stopped production as deficit was larger than was thought, says Nevs Communications Mikael Östlund P4 West.

According to the radio station negotiates Nevs to try to get a new principal owner who must solve the economic problems.

The construction industry is booming – Build World

Swedish households receive construction industry to wind up considerably. It is mainly the production of new housing rising rapidly.

The next year, however, dampened developments in both residential and construction market is slowing down.

according to a new economic forecast from the Swedish Construction Federation.

Swedish economy grew moderately last year. What has always kept the momentum was households through increased consumption expenditure and a very strong demand for new housing helped to keep the wheels running. Households continue to set the pace for some time yet, but the future is increasing foreign trade impact. The world economy begins to recover and get a boost in the form of falling oil prices.

Overall, the construction investment with strong 12 percent in 2014. The increase in housing production makes that investment will continue to grow by 8 percent this year. Residential construction has set off in earnest the last two years and lift to a level of new construction that seems to correspond to the households stamina to ask. The number of housing starts increased by over 9000 to about 40,000 last year.

- Housing investment rose sharply last year and an important explanation is that households have become financially stronger. This driving force behind the recent increased demand for new housing, are likely to decline as a result of mandatory amortization requirements and higher income taxes, says Johan Deremar, an economist Swedish Construction Federation.

All sub-sectors of the construction grows in years. Next year, however, civil engineering investments fall slightly in both the private and public sectors.

- There are challenges to overcome. It’s that construction market declines, largely due to public investment in roads, but also reduces private investment in the energy and telecom goes down.

In 2014, the number of employed in the construction industry to an average of 311,100 people per month. This represents a decrease of 500 persons compared to the prior year. Employment is expected to remain almost unchanged, but in 2016 it rises by more than 2 percent.

Johan Deremar summarizes the local differences in the construction market:

- Norrbotten is fainter because the mining industry has increasingly tougher. Västerbotten, but the university city of Umeå as the engine goes like a train. We can also talk about Skåne revenge. It starts to move properly in the South. Gothenburg, Stockholm, Uppsala and Mälardalen going well because a lot of housing construction occurs in these regions.

Skattesmäll for imitation borätter – Swedish newspaper Svenska Dagbladet

A genuine tenant may have at most 40 percent commercial activity.

A few years ago there were about 5000 apartments in imitation compounds . But that figure could rise.

– We have a large gray area of compounds that can be re-classified, says Jesper Anderberg, legal expert at the Swedish Tax Agency, told the newspaper.

“Definitely problems to repay the loans to the IMF” – Dagens Industri

"Definitely problems to repay the loans to the IMF" – Dagens Industri

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