Tag Archives: Sweden

Greenback bounces after end-2019 selloff, yuan shrugs off coverage easing


(Reuters) – The greenback snapped a six-day dropping streak so as to add 0.25% on Thursday, the primary buying and selling day of 2020, pushing the euro off five-month highs whereas the offshore yuan shrugged off reserve ratio cuts that might add $115 billion value of liquidity.

FILE PHOTO: U.S. 100 greenback notes are seen on this image illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Gained/

Buying and selling might stay skinny till Tuesday, when most European international locations open after Monday’s Epiphany vacation however market gamers will likely be relieved the greenback navigated the vacation interval with out experiencing the cash market squeezes many had feared.

The greenback index slumped 0.4% on New Yr Eve as massive banks took solely a small portion of the $150 billion supplied by the U.S. Federal Reserve’s in a single day repo operation and borrowing prices fell to the bottom stage since March 2018.

(Graphic: The Fed dives into the repo market png click on, right here)

Whereas wariness stays that there might be a repeat of final January’s “flash crash”, when large stop-loss promoting swept via holiday-thinned markets, analysts mentioned the Fed’s liquidity injections had lowered the danger.

“There’s nothing basic…on the finish of final 12 months the greenback offered off fairly sharply so we’re seeing an easing in among the greenback promoting stress,” mentioned Lee Hardman, senior FX strategist at MUFG.

“The liquidity squeeze didn’t materialise in order that’s contributing to stability in broader monetary markets…However the greenback story has been turning detrimental in current months, partly due to motion taken by the Fed to ease greenback liquidity,” Hardman mentioned, referring to the U.S. central financial institution’s steadiness sheet growth re-launched in October.

Having ended December nearly 2% decrease in opposition to a basket of currencies, the greenback inched as much as 96.65 whereas in opposition to the euro it was at $1.119, knocking the only forex from its highest stage since early August of $1.1249.

The dollar index ended 2019 nearly flat.

The Chinese language yuan closed at 6.9631 to the greenback, its strongest shut since Aug. 2, and in addition firmed offshore after small downward strikes triggered by Wednesday’s transfer to chop the amount of money that banks should maintain, releasing $115 billion value of funds to assist the economic system.

The transfer had been broadly anticipated following Premier Li Keqiang’s pledge final month to unleash extra stimulus.

(Graphic: China lending fee and RRR click on, right here)

Traders at the moment are ready for the U.S. ISM manufacturing survey due on Friday. Throughout a lot of Asia and Europe, closing buying managers indexes painted a barely brighter image, with French, German and euro zone readings a contact higher than advance PMIs.

However additionally they confirmed an 11th straight month of contracting euro zone exercise.

The euro slipped 0.2%, having strengthened 1.8% in opposition to the greenback final month. Nevertheless, euro zone bond yields prolonged their rise and inflation expectations rose to the very best since July.

“Increased bond yields are more likely to hold the euro’s micro-rally going, wildfires will hold a lid on Aussie greenback, and PMIs and oil are supporting Norwegian, Swedish and Canadian currencies,” Societe Generale informed purchasers.

The Swedish crown briefly firmed 0.3% in opposition to the euro after PMIs rose in December following three months of declines, though they nonetheless languished in contraction territory.

The Norwegian crown inched to 3-1/2 month highs after firmer PMIs, additionally benefiting from firmer crude costs.

The Australian greenback slipped 0.3%.

U.S. President Donald Trump mentioned on Tuesday that Section 1 of a commerce take care of China could be signed on Jan. 15 on the White Home. Markets are ready for additional particulars

Reporting by Sujata Rao; Modifying by Frances Kerry, Kirsten Donovan

Our Requirements:The Thomson Reuters Belief Rules.


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The Newest: Oxygen performs main half in lots of ailments


The Newest on the Nobel Prize in Drugs or Physiology (all occasions native):

1:15 p.m.

A member of the Nobel Committee at Sweden’s Karolinska Institutet says this yr’s award was given for “a elementary primary science discovery about how the physique adapts to totally different ranges of oxygen.”

Nils-Goran Larsson informed The Related Press that though we’re surrounded by oxygen “we now have to adapt to totally different oxygen ranges — as an example if we begin dwelling at increased altitude we now have to adapt and get extra purple blood cells, extra blood vessels, and likewise in numerous illness processes the regulation of oxygen and the metabolism is essential.”

Larsson says “folks with renal failure typically get hormonal therapy for anemia. With this discovery system there are alternative routes of doing this and creating comparable therapies.”

The 2019 Nobel Prize in Physiology or Drugs was earlier within the day given collectively to medics William G. Kaelin, Jr., Peter Ratcliffe and Gregg L. Semenza for his or her analysis into how cells reply to ranges of oxygen.


1:05 p.m.

The Johns Hopkins College Faculty of Drugs is celebrating one in all its high researchers, Dr. Gregg Semenza, who shares this yr’s Nobel Prize for drugs for his work on how genes reply to low ranges of oxygen.

Semenza’s dean, Paul B. Rothman, says his “groundbreaking primary analysis has been impressed largely by what he has seen within the clinic” at Hopkins. The college says that work has “far-reaching implications in understanding the impacts of low oxygen ranges in blood issues, blinding eye ailments, most cancers, diabetes, coronary artery illness, and different situations.”

The 63-year-old Semenza shares the award with William G. Kaelin Jr., professor of drugs at Harvard College and the Dana-Farber Most cancers Institute who did his specialist coaching in inner drugs and oncology at Johns Hopkins, and Sir Peter J. Ratcliffe, professor at Oxford College and on the Francis Crick Institute.

Johns Hopkins College President Ronald J. Daniels calls it a momentous day, and says they’re immensely happy with Semenza’s ardour for discovery, an instance of the college’s dedication to creating new information that helps make a greater and extra humane world.


1 p.m.

Reached at his house within the Boston space, Kaelin stated he was half-asleep when his cellphone rang at 4:50 a.m.

“I used to be conscious as a scientist that in case you get a cellphone name at 5 a.m. with too many digits, it is generally excellent information, and my coronary heart began racing. It was all a bit surreal,” he stated.

Kaelin, who was born within the New York Metropolis borough of Queens and grew up within the metropolis’s suburbs, stated the prize committee had initially been unable to seek out his cellphone quantity so that they first reached his sister, “and that may develop into a part of the household lore.”

Kaelin stated he is not positive but how he’ll spend the prize cash however “clearly I will attempt to put it to some good trigger.”

Requested what sensible payoffs have been achieved from his work, Kaelin defined that “the molecular pathway that my fellow prize winners and I helped to outline converges on a protein known as HIF, and on account of this work there are actually alternatives to both enhance or lower HIF.”

He stated medicine are being developed to do this. Sure ailments like anemia could be handled by rising HIF, whereas inhibiting that protein may assist with different ailments together with sure cancers.


12:50 p.m.

Dr. Andrew Murray of the College of Cambridge says the three winners of the Nobel prize in drugs “revealed the elegant mechanisms by which our cells sense oxygen ranges and reply to fluctuations.

In a press release on Monday, Murray stated that hypoxia — when the physique does not have sufficient oxygen — is a attribute of quite a few ailments together with coronary heart failure, power lung illness and plenty of cancers.

He stated the work of Dr. William G. Kaelin Jr, Dr. Gregg Semenza and Dr. Peter Ratcliffe has “paved the best way to better understanding of those frequent, life-threatening situations and new methods to deal with them.”

12:15 p.m.

The 2019 Nobel Prize in Physiology or Drugs was given collectively to William G. Kaelin Jr, who was born in 1957 in New York Metropolis and is a professor of drugs at Harvard College; Peter Ratcliffe, 65, of the College of Oxford; and 63-year-old Gregg L. Semenza on the Johns Hopkins College Faculty of Drugs.

The trio was given the award collectively for his or her discoveries of “how cells sense and adapt to oxygen availability,” the Nobel Committee introduced Monday.

Thomas Perlmann, the secretary of the Nobel Committee on the Sweden’s Karolinska Instititute, stated he was capable of name the three laureates Monday, including the final one he known as was Kaelin. He reached him through his sister who gave him two cellphone numbers — the primary one was a incorrect quantity however he reached Kaelin on the second.

“He was actually completely satisfied,” Perlmann informed a information convention.


11:30 a.m.

The 2019 Nobel Prize for Physiology or Drugs has been awarded to scientists William G. Kaelin, Jr, Peter J. Ratcliffe and Gregg L. Semenza.

They obtained the award collectively for his or her discoveries of “how cells sense and adapt to oxygen availability,” the Nobel Committee introduced Monday.

It’s the 110th prize within the class that has been awarded since 1901.

The Karolinska Institutet stated in a press release the trio ought to share equally the 9 million kronor ($918,000) money award.

The discoveries made by the three males “have elementary significance for physiology and have paved the best way for promising new methods to battle anemia, most cancers and plenty of different ailments.”


8:30 a.m.

The winners of this yr’s Nobel Prizes are to be introduced over the following week, to incorporate two literature laureates and the coveted Nobel Peace Prize.

Occasions start Monday with the award for physiology or drugs. The physics prize is handed out Tuesday and the next day is the chemistry prize.

This yr’s double-header Literature Prizes will likely be awarded Thursday and the Peace Prize will likely be introduced on Friday.

The economics prize — formally generally known as the Financial institution of Sweden Prize in Financial Sciences in Reminiscence of Alfred Nobel — will likely be awarded on Oct. 14.

The 2018 literature prize was suspended after a scandal rocked the Swedish Academy. The physique plans to award it this yr, together with saying the 2019 laureate.


Learn extra tales on the 2019 Nobel Prizes by The Related Press at https://www.apnews.com/NobelPrizes


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Anniversary of Baltic Sea ferry wreck that killed 852 marked


The sinking of a Baltic Sea ferry that killed 852 individuals has been noticed 25 years after one in every of Europe’s deadliest maritime disasters.

The MS Estonia was broken by excessive waves and sank whereas touring from Estonia’s capital to Stockholm early on Sept. 28, 1994. The wreck had 137 survivors.

Estonian President Kersti Kaljulaid marked Saturday’s anniversary by laying a wreath at a memorial in Tallinn for the victims. Swedish Prime Minister Stefan Lofven and Crown Princess Victoria led the same commemoration in Stockholm.

Together with the 1912 sinking of the Titanic, the MS Estonia wreck is among the many worst peacetime disasters involving a European ship.

The our bodies of most victims stay entombed on the ferry, which rests on the seabed some 80 meters (264 toes) beneath the ocean’s floor.


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Swedbank chairman quits over money laundering scandal


STOCKHOLM (Reuters) – Swedbank Chairman Lars Idermark has quit only a week after the lender’s chief executive was ousted over her handling of a money laundering scandal, saying the controversy threatened to distract from his role as head of forestry group Sodra.

FILE PHOTO: Swedbank Acting CEO Anders Karlsson and Chairman of the Board Lars Idermark attend a news conference in Stockholm, Sweden March 28, 2019. REUTERS/Johan Ahlander/File Photo

The bank, Sweden’s biggest mortgage lender, had fired its CEO Birgitte Bonnesen last week only an hour before a heated annual shareholder meeting marked by disgruntled investors rounding on her handling of the money laundering allegations.

Allegations against Swedbank, largely reported by Swedish TV, have linked it to a scandal at Danske Bank, which faces potential lawsuits, fines and sanctions after admitting last year that 200 billion euros ($225 billion) of suspicious payments had flowed through its Estonian branch between 2007 and 2015.

“Following recent strong debate about Swedbank and questions about the bank’s control of suspicious money laundering in the Baltics, I have concluded that the media attention is not compatible with my CEO role at Sodra,” Idermark said in a statement on Friday.

“Therefore, I have decided that the best alternative is to leave the position as chair of Swedbank with immediate effect.”

In connection with last week’s meeting, where many investors were vocal in their criticism of the bank’s management, third-largest shareholder Alecta had warned it could demand further dismissals if the board did not take immediate action to restore confidence in the bank.

“It’s a welcomed and expected decision, but it’s shouldn’t have taken so long; it would have been better if he resigned before the AGM,” Swedish Shareholders’ Association chief Joacim Olsson told Reuters.

Olsson called on the bank to put all cards on the table, including internal investigations into its dealings in the Baltics.

Alecta on Friday said that the Swedbank nomination committee should continue to strengthen the board.

“They need to be thorough, but it shouldn’t take too long,” an Alecta spokesman said.

Both Bonnesen and Idermark had been under fire for the bank’s communications and how they have handled the allegations, which have sparked a four-way investigation by regulatory authorities in Sweden, Estonia, Latvia and Lithuania. Swedbank shares, meanwhile, have lost about a third of their value.

The shares were unchanged at 146.50 Swedish crowns by 0805 GMT on Friday, having recovered from a seven-year low of 127.2 crowns set on March 29 when the departure of its CEO was announced.

The committee in charge of the bank’s executive appointments said it would intensify work on strengthening the board, including finding a new chairman. The board said it would call a special shareholder meeting to confirm any appointment.

($1 = 0.8908 euros)

Reporting by Helena Soderpalm and Johannes Hellstrom; Additional reporting by Johan Ahlander; Editing by David Holmes and David Goodman


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Beautiful wedding in Sweden – حفل زواج بديع في السويد

Hello guys! This is a very short vlog I filmed last weekend in Malmo, Sweden, I hope you guys like it!

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Snapchat: @SandraSahi
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Love you guys!


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Loreen – Euphoria – Live – Grand Final – 2012 Eurovision Song Contest

Powered by http://www.eurovision.tv/ Sweden: Loreen – Euphoria live at the Grand Final of the 2012 Eurovision Song Contest.