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  • Dim outlook for Nordic economies

    European Pensions - Monday 20th May, 2013

    Nordic countries are facing an economic slowdown as stronger inflation and higher interest rates begin to take their toll, says Nordic and Baltic financial services group, Nordea. Economists at Nordea have predicted that these sluggish economies will not pick up until 2010, and warned that there are clear signs that the unemployment rate will rise in the future. Nordea’s ...

  • Operational risk top priority for Nordic funds

    European Pensions - Monday 20th May, 2013

    Reducing operational risk and increasing support for new products were among the key concerns for Nordic institutional investors surveyed as part of a recent White Paper published by BNY Mellon Asset Servicing. The ...

  • Swedish pension fund pulls out of cluster bombs

    European Pensions - Monday 20th May, 2013

    Swedish pension fund AP7 will sell all its holdings in companies making cluster bombs and nuclear weapons. The move by AP7, one of seven state-owned pension funds in Sweden, means holdings in Airbus parent EADS and US-based Lockheed Martin Corp. and General Dynamics Corp. will be sold. AP7 manages pension savings worth around 90bn kroner (about $15bn). The move follows news in April ...

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  • Swedens AP funds update

    European Pensions - Monday 20th May, 2013

    Sweden’s AP1 – one of the buffer funds assigned by the Swedish Parliament to manage the Swedish people’s pension funds – has posted strong performance figures in both absolute and relative terms for the first half of 2007. The Forsta AP-fonden, which manages assets with a value of SEK 221bn, reported a total return on net assets of 6.3%, which is equal to SEK 1.3 bn ...

  • Swedish companies avoid the red

    European Pensions - Monday 20th May, 2013

    Swedish pension companies were given favourable evaluations by The Swedish Financial Supervisory Authority, Finansinspektionen (FI), in the Q2 2007 traffic light report. No insurance companies received a red light during that period, while pension companies as a whole – including life insurance companies and occupational pension funds – showed a larger margin to the red light ...

  • SCA Implements Compulsory Redemption of Shares

    General Sources - Monday 20th May, 2013

    STOCKHOLM--(BUSINESS WIRE)-- SCA (STO:SCAA) (STO:SCAB) will implement a compulsory redemption of the minority shares outstanding in its German subsidiary SCA Hygiene Products SE (Societas Europeas), formerly PWA. The value of the shares is approximately SEK 1,000m, according to an independent valuation. Following SCA's acquisition of PWA back in 1995, a large minority stake ...

  • Youths burn 100 cars in violent Stockholm riots

    The Local - Monday 20th May, 2013

    Violent youths rioted in northern Stockholm on Sunday night, setting fire to cars and throwing rocks at police, in what is believed to be a protest against the fatal police shooting of a machete-wielding man in the suburb last ...

  • Sweden win ice hockey world champs at home

    The Local - Monday 20th May, 2013

    Vancouver Canucks center Henrik Sedin collected two goals and an assist, while goalkeeper Jhonas Enroth made 26 saves to avenge a 3-2 defeat in the preliminary round. The win has also ended the home-ice curse that prevented the championships' hosts from winning the title on their home ice since the Soviet team did it in 1986. Switzerland's silver was the team's first medal ...

  • Henrik Sedin leads Sweden to gold at Worlds with 5-1 win over Switzerland

    Vancouver Sun - Sunday 19th May, 2013

    Team USA's Alex Galchenyuk scores the winning shootout goal against Finland goalie Antti Raanta during bronze medal final action at the world hockey championship in Stockholm, Sweden, on Sunday, May 19, 2013. THE CANADIAN PRESS/Jacques ...

  • Sweden rolls by Swiss wins world championship

    General Sources - Sunday 19th May, 2013

    Martin Rose/Getty Images STOCKHOLM (AP) -- Sweden became the first home team to win the world hockey championships in 27 years, beating Switzerland 5-1 on Sunday for its ninth title. Vancouver Canucks star Henrik Sedin had two goals and an assist, and Buffalo Sabres goalie Jhonas Enroth made 26 saves to help Sweden become the first team to win the title on home ice since the Soviet ...

  • Sweden romps against Switzerland wins world title

    General Sources - Sunday 19th May, 2013

    Martin Rose/Getty Images STOCKHOLM (AP) -- Sweden became the first home team to win the world hockey championships in 27 years, beating Switzerland 5-1 on Sunday for its ninth title. Vancouver Canucks star Henrik Sedin had two goals and an assist, and Buffalo Sabres goalie Jhonas Enroth made 26 saves to help Sweden become the first team to win the title on home ice since the Soviet ...

  • Ice hockey-Sweden thump Switzerland to win world championship

    General Sources - Sunday 19th May, 2013

    ice hockey world championship on home ice on Sunday. The Swedes' victory snapped a nine-game winning streak that carried the unfancied Swiss all the way to their first final since 1935. The Swedes were made to work hard in the beginning and fell behind in the fifth minute when tournament MVP Roman Josi cut across the ice before slotting a backhand shot between the legs of Swedish goalie ...

  • Stranded Swedish family of seven heading back home thanks to Carson sheriffs deputies reserves

    Daily News - Sunday 19th May, 2013

    A stranded Swedish family of seven, made penniless by airfare changes due to a family emergency, should be on its way home today, Sunday, May 19, 2013, thanks to sheriff's deputies and reservists sympathetic to their plight. Carson station deputies and personnel from the Los Angeles County Sheriff's Reserve Forces Bureau chipped in donations for the family to provide them with food, ...

  • Tre Kronor are world hockey kings - Swedes beat Swiss for gold

    CBC News - Sunday 19th May, 2013

    Henrik Sedin scored twice on Sunday as Sweden won the gold medal at the IIHF World Hockey Championship with a 5-1 victory over Switzerland. Earlier, the United States beat Finland 3-2 in a shootout to win bronze. Erik Gustafsson, Simon Hjalmarsson and Loui Eriksson also scored for Sweden, which became the first country to win the title at home since the Soviet Union in 1986. Roman Josi opened ...

  • Six Wheel Volvo Pickup

    Fox News - Sunday 19th May, 2013

    What do you think of when you think of Sweden? Meatballs? Chefs? Flat-pack furniture and massive station wagons? We do. Beneath that safe, sensible, clean modern design exterior lies a very different Sweden. It's the country that loves classic American hot rods and big motorcycles, thinks nothing of driving through snow-covered forests at breakneck speeds and creates one-off ...

  • Swedish Princess Madeleine American fiance attend pre-nuptial service

    Middle East Times - Sunday 19th May, 2013

    The Swedish royal family attended church Sunday in Stockholm's Royal Chapel for a traditional public announcement of Princess Madeleine's upcoming wedding. Princess Madeleine is scheduled to marry Christopher O'Neill, an American who has declined Swedish citizenship and will remain a U.S. citizen after the wedding -- and therefore will not hold a position of responsibility in the ...

  • McDowell wins Volvo Match Play championship

    RTE - Sunday 19th May, 2013

    Graeme McDowell today became the first Irish winner of the Volvo World Match Play Championship with a hard-fought victory over Thongchai Jaidee in Bulgaria. McDowell, runner-up last year to Ryder Cup team-mate Nicolas Colsaerts, only took the lead for the first time in the final on the 14th hole after several vital par saves on the front nine at Thracian Cliffs. But the top seed then birdied ...

  • On Good Friday at about 2 am two Russian bombers and an escort of four fighters had come within 30-40 kilometers of Swedish airspace allegedly practicing mock attacks upon two specific targets in the Stockholm area and Southern Sweden. Wow

    Pravda - Sunday 19th May, 2013

    Dateline Dalarna, Sweden: Sometimes truly extraordinary events occur, events which impact an entire nation's people, though, the word 'surreal' perhaps fits better than 'extraordinary' in describing events here during the last third of April. Of course, too much has too long been overblown, the strongest of adjectives too frequently employed to mask the weakest of ...

  • Nord Stream plans new gas pipelines

    The Local - Sunday 19th May, 2013

    OAO Gazprom is the majority shareholder in Nord Stream, an international consortium formed in 2005 to plan and construct a 1,224-kilometre natural gas pipeline along the Baltic Sea floor. Now, Nord Stream wants to expand the project by adding one or two more pipelines. The gas pipelines currently under construction will deliver natural gas ...

  • Royal wedding fever hits Sweden

    The Local - Sunday 19th May, 2013

    The Swedish royal family gathered in the Royal Chapel in Stockholm on Sunday for the publication of the banns of marriage ahead of the wedding of Princess Madeleine and her ...

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