Bureau Chief, Helsinki
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Oct 18, 2012

Nokia posts loss, future hinges on new Lumia sales

HELSINKI (Reuters) – Nokia reported smaller-than-expected losses for the third quarter but warned of tough times ahead, with investors saying the company’s survival depended on whether its new smartphones can claw back market share from Apple and Samsung.

The Finnish phone-maker reported an underlying loss before one-off items of 0.07 euros per share on Thursday compared to a profit of 0.03 euros a year earlier. The market expected a loss of 0.11 euros, according to a Reuters poll.

Oct 18, 2012

Nokia posts loss, raising stakes for new Lumia sales

HELSINKI (Reuters) – Nokia reported smaller-than-expected losses for the third quarter on Thursday but warned that there were tricky times ahead as it prepares to launch two new smartphones it hopes can claw back market share from Apple and Samsung.

The Finnish phone-maker reported an underlying loss before one-off items of 0.07 euros per share compared to a profit of 0.03 euros a year earlier. Analysts had forecast a loss of 0.11 euros in a Reuters poll.

Oct 12, 2012

Preview – Holiday sales critical for Nokia after weak quarter

HELSINKI (Reuters) – Nokia (NOK1V.HE: Quote, Profile, Research) is expected to report another quarterly loss next week, raising the stakes for its holiday-season sales battle with smartphone rivals Apple (AAPL.O: Quote, Profile, Research) and Samsung (005930.KS: Quote, Profile, Research).

The new top-of-the-range Lumia 820 and 920 smartphones that are vital to Nokia’s survival arrive in stores in November, just as people start buying presents for Christmas and other holidays.

Oct 12, 2012

Holiday sales critical for Nokia after weak quarter

HELSINKI (Reuters) – Nokia is expected to report another quarterly loss next week, raising the stakes for its holiday-season sales battle with smartphone rivals Apple and Samsung.

The new top-of-the-range Lumia 820 and 920 smartphones that are vital to Nokia’s survival arrive in stores in November, just as people start buying presents for Christmas and other holidays.

Jul 27, 2012

Fortified by euro, Finns take bailouts on the chin

HELSINKI (Reuters) – After dutifully abiding by EU fiscal rules, Finland’s tiny population remains surprisingly phlegmatic about bailing out less disciplined euro zone members, and is mostly clinging on to its faith in the single currency project.

That faith has been tested as a succession of struggling nations make ever greater demands on the sounder economies in the currency bloc, but it is not yet at breaking point.

Jun 27, 2012

Finns get tougher on Europe as crisis drags on

HELSINKI (Reuters) – Finnish Prime Minister Jyrki Katainen sounded almost apologetic a year ago when he demanded collateral in exchange for bailout funds for Greece.

It was the first time the Finns, who have prospered as EU members since 1995, shedding the shadow of historically dominant neighbors Russia and Sweden, had joined Europe’s awkward squad.

Jun 5, 2012

Latvian-style quick cuts praised as best formula

RIGA (Reuters) – Latvia overcame a crisis thanks to rapid and painful but necessary austerity measures, international policy makers said on Tuesday, holding the small Baltic state up as an example to troubled euro zone nations, especially Greece.

Swedish Finance Minister Anders Borg said Latvia had won the right to adopt the euro currency, extolling the small Baltic state’s achievement in clinging to its currency peg through the deepest of the 2009 recessions in the European Union .

May 17, 2012

Nokia’s woes cast doubt over Finnish model

HELSINKI, May 17 (Reuters) – Troubles at Finland’s Nokia Oyj
aren’t just bad news for the company, its staff and
shareholders. They’re also a warning sign for the small Nordic
country’s welfare model.

Just as Nokia’s sure touch with well-designed,
consumer-friendly products seems to have deserted it, fears are
growing that Finland, whose reputation for innovation rested
largely on the handset maker’s success, m ay be losing its
competitive edge.

Mar 24, 2012

Finland ready to compromise on bigger bailout fund

SAARISELKA, Finland (Reuters) – Finland is prepared to compromise on creating a bigger rescue fund for the euro zone despite scepticism over whether it is needed, Prime Minister Jyrki Katainen said on Saturday.

Euro zone finance ministers will discuss the issue at a meeting in Copenhagen on March 30-31.

Feb 5, 2012

Pro-EU Niinisto wins Finnish presidency

HELSINKI, Feb 5 (Reuters) – Pro-Europe politician
Sauli Niinisto won Finland’s presidency on Sunday in an election
that showed voters want to keep the country in the euro zone
despite misgivings over European Union bailouts.

The former finance minister won with 63 percent support,
defeating pro-euro Greens Party candidate Pekka Haavisto.