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Sweden's Riksbank Becomes First Central Bank To Exit Negative Repo Rates
Thursday, December 19, 2019 - 7:20am | 332Sveriges Riksbank, the central bank of Sweden, on Thursday, increased the Repo rate from -0.25% to zero. What Happened "Developments since the monetary policy meeting in October have on the whole been as the Riksbank expected. The economic prospects and outlook for inflation are largely...
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Coca-Cola Test-Drives Einride's Autonomous Truck In Sweden
Thursday, December 5, 2019 - 6:37pm | 486Coca-Cola European Partners (CCEP), the brand's local bottling partner, will deploy the Einride autonomous electric transport system to its Swedish distribution network, according to a news release. As part of a commercial pilot, an Einride vehicle will ferry goods between warehouses operated by...
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Self-Driving Startup Einride Deploys Cab-Less Electric Truck In Sweden
Friday, May 17, 2019 - 1:24pm | 656Einride, the Swedish autonomous trucking company, has successfully deployed its first cab-less, autonomous and fully electric truck for freight hauling in DB Schenker's facility in Jönköping, Sweden. Named the "T-pod," it will transport cargo between a warehouse and a terminal at the facility, as...
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Mamma Mia: Another Country ETF Could Contend With Rate Hikes
Tuesday, July 17, 2018 - 12:50pm | 438The “Mamma Mia” sequel recently premiered and with ABBA receiving renewed attention, perhaps it's time for similar treatment of the iShares MSCI Sweden ETF (NYSE: EWD). EWD, which is more than 22 years old, tracks the MSCI Sweden 25/50 Index and is down more than 7 percent year-to-...
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Canada's 'Gender-Sensitive' 2018 Budget, Explained
Thursday, March 1, 2018 - 2:49pm | 544Sweden introduced a gender-sensitive budget three years ago that partly inspired Canada's government to follow suit. What Happened Canada's Finance Minister Bill Morneau consulted with his Swedish counterpart to deliver a gender-sensitive federal budget on Tuesday. Some of the...
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South Korea Remains The World's Most Innovative Economy
Tuesday, January 17, 2017 - 2:23pm | 312South Korea is still the world's most innovative economy, according to the 2017 Bloomberg Innovation Index. Bloomberg's proprietary index ranks countries according to research and development spending, value-added manufacturing, patent activity, high-tech density, higher education, productivity,...
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After Brexit: Dexit, Nexit Or Swexit Could Be Next
Friday, June 24, 2016 - 9:16am | 639British voters voted in favor of leaving the European Union Thursday, sending global equity futures and the British pound into a downward spiral. In the essence of keeping things real, do not bet on the iShares MSCI United Kingdom ETF (iShares Trust (NYSE: EWU)) or the Guggenheim CurrencyShares...
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This Mining Company Has No Interest In Gold
Tuesday, May 31, 2016 - 10:58am | 403Mark Thompson runs Talga Resources Ltd. (ASX: TLG) (OTC: TLGRF), an Australian-based gold miner that is no longer interested in the coveted commodity. Instead, the company is now focusing on graphite — the exact same material used in pencils. What Is Graphene? According to Bloomberg,...
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Monetary Policy Could Make This ETF A Swedish Meatball
Wednesday, February 3, 2016 - 2:33pm | 490Last week, the Bank of Japan added to its monetary easing arsenal by becoming the latest country to enact negative interest rates. Investors and savers in Nordic countries have already become familiar with negative interest. Just ask the Danes and the Swedes. The problem with negative interest...
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These Awesome Charts Highlight Just How Diversified (or Homogeneous) Some Nations' Exports Are
Friday, April 12, 2013 - 3:36pm | 136Ever wondered what the leading exports of Antarctica or North Korea or the Solomon Islands are? Well you've come to the right place. Courtesy of the Wikimedia Commons and the Observatory of Economic Complexity, Benzinga has compiled an array of export tree maps from countries and regions around the...
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For All the King's Kroner: A Question of Leadership and Politics
Saturday, March 31, 2012 - 9:46pm | 2575Is it time that we have a national discussion on leadership and viable political discourse in America? Given political dysfunctionality in Washington, economic uncertainty ailing everyday citizens, and recent headlines that illustrate sensitive divisions in the US, perhaps a bit more effective...
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US Dollar Rallies Against Krone After Rate Cut
Wednesday, March 14, 2012 - 4:02pm | 492Earlier today Norges Bank, the central bank of Norway, announced that it would cut the key policy rate by 25 basis points to 1.5%. The central bank also said that "a substantially stronger krone may also result in further interest rate cuts." The announcement shook the currency market and USD/NOK...
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Nordic/Nordique: Bringing the Nordic Model to America
Monday, October 24, 2011 - 10:22am | 2766Could the Nordic model of economics used in Scandinavian countries be emulated in the US? I believe that under the right circumstances and with the proper conditions, bringing the Nordic model to the US is possible. The Nordic model used in the US could be quite advantageous and beneficial to...
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Private Health Insurance Increases 400% in Sweden To Avoid Long Waiting Lines and Inconsistent Care
Tuesday, October 11, 2011 - 9:36am | 343From The Local: Sweden's News in English: "While Sweden has long taken pride in its public healthcare system, lengthening queues and at times inconsistent care have prompted many Swedes to opt for private healthcare with many gaining the benefit through insurance policies offered by employers,...
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How to Profit from Sweden's Booming Economy
Tuesday, July 5, 2011 - 8:55am | 510Sweden's central bank raised its repurchase rate 25 basis points to 2% on Tuesday in a move to keep its growing economy from overheating and driving inflation higher. The move by the Riksbank was widely expected and is the seventh straight time that Sweden's central bank has raised interest rates...