How can the repo rate remain this low, but banks' mortgage rates remain soo high? The Swedish Finance Minister, Anders Borg ponders, as Swedish big banks start reporting astronomical profits and increase dividend payments while households are squeezed in the middle with runaway mortgage rate charges.
Tuesday, 07 February 2012
Two British companies, Eddie Stobart and AW Jenkinson Forest Products have order 1000 Scania trucks with deliveries to begin in March this year and to be completed in December 2013.
Swedish new fast commuter train, the SJ3000 was this morning exposed to the elements and tested for what it was designed for. It is the high speed SJ3000 which made a maiden drive departing from Sundsvall this morning via Gävle to Stockholm.
Sunday, 05 February 2012 Sauli Väinämö Niinisto for the Finnish, Conservative Party becomes Finland's next president after receiving 65.5 percent of the advance votes against his opponent, Pekka Haavisto’s 34.5 percent who accepted defeated just before 20 hours Swedish time. Finnish president elect - Niinisto Img: SVT
Tuesday, 31 January 2012 French Dassault Rafale fighter aircraft beats Saab’s Jas Gripen jet fighter in India as the government there decided finally on which fighter jet to choose in beefing up their air defences.
Tuesday, 31 January 2012 Sweden is accepting to fully join the euro countries' fiscal pact according to the Prime Minister, Fredrik Reinfeldt, whose request for Swedish influence in the whole process was being considered at the Euro summit.