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Oct 5, 2010

Duo wins 2010 physics Nobel for carbon breakthrough

STOCKHOLM (Reuters) – Two Russian-born scientists shared the 2010 Nobel Prize for physics for showing how carbon just one atom thick behaved, a breakthrough with implications for areas from quantum physics to consumer electronics.

Andre Geim and Konstantin Novoselov, both with the University of Manchester, conducted experiments with graphene, a new form of carbon that is both the thinnest and strongest material known.

Oct 4, 2010

IMF says Iceland can ease capital controls soon

STOCKHOLM, Oct 4 (Reuters) – Iceland should be able to
loosen its still-tight capital controls within six months
following a court ruling that left the financial sector on safer
ground, the International Monetary Fund (IMF) said on Monday.

“The conditions have been falling into place for another
step towards capital control liberalisation.,” Mark Flanagan,
IMF mission chief to Iceland, told a conference call. “The
binding constraint right now is financial system stability.”

Sep 29, 2010

Sweden’s hung parliament clouds sell-off drive

STOCKHOLM, Sept 29 (Reuters) – If any Swedish investment
bankers were hoping the government’s privatisation ambitions
would keep them busy and in bonuses in coming years, they might
have to think again.

An indecisive result to Sweden’s recent election means the
governemnt may not be strong enough to push asset sales past a
reluctant parliament, potentially spelling less privatisation
proceeds for state coffers and investment banks alike.

Sep 29, 2010

Private equity firm tops Alfa bid for Munters

STOCKHOLM, Sept 29 (Reuters) – A private equity fund bid 5.4
billion crowns ($787 million) on Wednesday for Swedish engineer
Munters (MTRS.ST: Quote, Profile, Research, Stock Buzz), trumping a bid from Sweden’s Alfa Laval
(ALFA.ST: Quote, Profile, Research, Stock Buzz) in the fast-recovering manufacturing sector.

The offer from Cidron, owned by private equity fund Nordic
Capital VII Limited, was recommended by the Munters board and
could lead to one of the biggest deals for a listed Swedish
company since the global financial crisis struck in 2008.

Sep 27, 2010

Sweden’s Greens won’t back centre-right govt

STOCKHOLM (Reuters) – Sweden’s center-right government is to remain a minority administration after the opposition Green Party on Monday refused to back the coalition.

Prime Minister Fredrik Reinfeldt and his center-right allies won 173 seats in the 349-seat parliament, two short of a majority. The anti-immigrant Sweden Democrats, which entered parliament for the first time, hold the balance of power between Reinfeldt’s bloc and the center-left opposition.

Sep 27, 2010

Sweden’s Greens won’t back centre-right government

STOCKHOLM (Reuters) – Sweden’s centre-right government is to remain a minority administration after the opposition Green Party Monday refused to back the coalition.

Prime Minister Fredrik Reinfeldt and his centre-right allies won 173 seats in the 349-seat parliament, two short of a majority. The anti-immigrant Sweden Democrats, which entered parliament for the first time, hold the balance of power between Reinfeldt’s bloc and the centre-left opposition.

Sep 23, 2010

Swedish government lacks majority after final count

STOCKHOLM (Reuters) – Sweden’s ruling centre-right coalition picked up one seat but was still two short of a majority in parliament after a final recount of votes from Sunday’s election.

Prime Minister Fredrik Reinfeldt’s coalition won 173 seats in a definitive recount issued by the election commission on Thursday, versus the 172 announced on election night, but fell short of the 175 seats needed for a majority.

Sep 23, 2010

Swedish govt lacks majority after final count

STOCKHOLM, Sept 23 (Reuters) – Sweden’s ruling centre-right
coalition picked up one seat but was still two short of a
majority in parliament after a final recount of votes from
Sunday’s election.

Prime Minister Fredrik Reinfeldt’s coalition won 173 seats
in a definitive recount issued by the election commission on
Thursday, versus the 172 announced on election night, but fell
short of the 175 seats needed for a majority.

Sep 23, 2010

Electrolux CEO to step down, R&D head to replace

STOCKHOLM, Sept 23 (Reuters) – Electrolux (ELUXb.ST: Quote, Profile, Research, Stock Buzz), the
world’s second biggest home appliances maker, said on Thursday
Chief Executive Hans Straberg is to step down at the end of the
year to pursue new interests after nearly a decade at the helm.
Electrolux said Straberg, 53, would be replaced by Keith
McLoughlin, who is currently head of R&D, manufacturing and
purchasing at the group, the second largest in the sector
globally behind U.S. company Whirlpool (WHR.N: Quote, Profile, Research, Stock Buzz).
The changing of the guard was unexpected in the light of the
acclaim Straberg had received for reshaping the group in recent
years but analysts said McLoughlin, 54, a former North America
head, was the obvious choice as his successor.

“We feel Keith McLoughlin is a good, dedicated person, and
his track record from his three years in North America speak in
his favour,” Nordea analyst Johan Trocme said.

Sep 22, 2010

Swedish government comes up short in preliminary recount

STOCKHOLM (Reuters) – Sweden’s centre-right ruling coalition picked up one more seat in parliament but remained just short of an outright majority, the preliminary result of a recount of votes in Sunday’s election showed on Wednesday.

Prime Minister Fredrik Reinfeldt’s coalition won 173 seats in the preliminary recount issued by the election commission versus the 172 announced on election night, but still fell short of the 175 seats needed to retain a majority.