Bureau Chief, Helsinki
Ritsuko's Feed
Jun 6, 2011

Fed’s Plosser says jobs data doesn’t change view

HELSINKI/NEW YORK (Reuters) – Weak jobs figures on Friday do not change the fundamental outlook for the U.S. economy and monetary policy could be tightened by the end of the year, a top Federal Reserve official said on Monday.

Philadelphia Federal Reserve Bank President Charles Plosser, a well-known inflation hawk who has a vote on policy this year, has said he believes the U.S. economy was in a gradual recovery.

Jun 1, 2011

Nokia on the ropes as analysts slash targets

HELSINKI/LONDON (Reuters) – Investors dumped shares in Nokia again on Wednesday, taking them to their lowest in more than 13 years, as analysts feared worse to come for the handset maker after Tuesday’s profit warning.

Nokia shares fell as much as 10 percent, extending their previous day’s 18 percent fall, and by 1111 GMT (7:11 a.m. EDT) were trading down 7.4 percent at 4.40 euros in volumes nearly three times their 90-day daily average in four hours of trading.

May 31, 2011

Nokia drops targets, shares slump to 13-year low

HELSINKI, May 31 (Reuters) – Mobile phone maker Nokia Oyj
(NOK1V.HE: Quote, Profile, Research, Stock Buzz) abandoned hope of meeting key targets just weeks
after setting them, raising questions over whether its new boss
can deliver on the turnaround he promised in February.

Its shares tumbled nearly 20 percent to their lowest in some
13 years.

Nokia, once the undisputed leading force in the mobile phone
market, has seen its position threatened in recent years,
particularly losing ground in the smartphone sector to Apple
Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhone and Google Inc’s (GOOG.O: Quote, Profile, Research, Stock Buzz) Android devices.

May 25, 2011

Greek standoff, IMF demands rattle euro zone

ATHENS/HELSINKI (Reuters) – Failure to find political consensus on austerity in Greece threatened to plunge the euro zone deeper into crisis on Wednesday, eclipsing Finnish approval of EU/IMF aid for Portugal after weeks of bitter debate.

The Greek government denied newspaper reports that it was poised to call a referendum on additional austerity measures to deal with its debt crisis. Instead, Prime Minister George Papandreou said he was still seeking agreement.

May 13, 2011

True Finns out of government but euroscepticism to stay

HELSINKI (Reuters) – Even with Finland finally agreeing to support Portugal’s bailout and the plan’s most ardent opponents –the True Finns– staying out of government, euroscepticism is likely to remain strong.

The True Finns party dropped out of government talks this week after refusing to help aid debt-burdened economies, a stance that catapulted it from obscurity to the No. 3 spot in parliament in April elections.

May 13, 2011

Analysis – True Finns out of gov’t but euroscepticism to stay

HELSINKI (Reuters) – Even with Finland finally agreeing to support Portugal’s bailout and the plan’s most ardent opponents –the True Finns– staying out of government, euroscepticism is likely to remain strong.

The True Finns party dropped out of government talks this week after refusing to help aid debt-burdened economies, a stance that catapulted it from obscurity to the No. 3 spot in parliament in April elections.

May 11, 2011

Finland to help bail out Portugal – PM-elect

HELSINKI, May 11 (Reuters) – Finland will help bail out
Portugal, its prime minister-in-waiting said on Wednesday after
securing an agreement with the Social Democratic party.

“The National Coalition Party and the Social Democratic
Party have agreed to favour participation in Portugal’s rescue,”
Jyrki Katainen, finance minister and leader of the National
Coalition, told reporters.

May 6, 2011

Euro c.bankers welcome oil drop, no policy shift signal

HELSINKI, May 6 (Reuters) – Euro zone central bankers
welcomed a plunge in oil and commodities prices on Friday,
saying it could cool inflation, but gave no sign they would
change their determination to tighten monetary policy this year.

“The fall in the price of oil and commodities is good to
take for all reasons, certainly for inflation, not only
immediately but with the danger of second-round (effects) in the
medium run,” European Central Bank President Jean-Claude Trichet
said.

May 6, 2011

Euro central banks welcome oil drop, no sign of policy shift

HELSINKI (Reuters) – Euro zone central bankers welcomed a plunge in oil and commodities prices on Friday, saying it could cool inflation, but gave no sign they would change their determination to tighten monetary policy this year.

“The fall in the price of oil and commodities is good to take for all reasons, certainly for inflation, not only immediately but with the danger of second-round (effects) in the medium run,” European Central Bank President Jean-Claude Trichet said.

May 6, 2011

Euro c.banks welcome oil drop, no sign of policy shift

HELSINKI, May 6 (Reuters) – Euro zone central bankers
welcomed a plunge in oil and commodities prices on Friday,
saying it could cool inflation, but gave no sign they would
change their determination to tighten monetary policy this year.

“The fall in the price of oil and commodities is good to
take for all reasons, certainly for inflation, not only
immediately but with the danger of second-round (effects) in the
medium run,” European Central Bank President Jean-Claude Trichet
said.