Bureau Chief, Helsinki
Ritsuko's Feed
Jan 6, 2012

Anti-euro Finns take backseat in presidential poll

HELSINKI, Jan 6 (Reuters) – Finnish voters look
set to elect veteran conservative Sauli Niinisto as their next
president as anti-euro sentiment takes a backseat to economic

The former finance minister from the National Coalition
party, with around 40 percent support in polls, is clear
favourite for the Jan. 22 election.

Nov 7, 2011

Italy won’t need bailout if it sticks to budget plan: Schaeuble

TAMPERE, Finland (Reuters) – German Finance Minister Wolfgang Schaeuble said on Monday that Italy would not need a bailout if it sticks to its budget plans, but he also warned that the euro zone’s third-largest economy was too big for the region’s emergency fund to support.

Italian government bond yields hit 14-year highs on Monday, rising nearer levels widely seen as unsustainable as political turmoil threatened to drag it deeper into the regional debt crisis that has already engulfed Greece, Ireland and Portugal.

Sep 2, 2011

Finland to pick reactor site despite German exit

HELSINKI, Sept 2 (Reuters) – While Germany is phasing out
nuclear power, Finland is looking to build more, staying its
course in pursuit of cheap electricity despite the Fukushima
disaster in Japan.

A Finnish consortium will soon announce the location of a
new reactor, underscoring the country’s determination to curb
its reliance on Russian energy and help its metals and forestry
sectors stay competitive.

Aug 8, 2011

No new euro plan for bond-buying – Finland’s PM

HELSINKI (Reuters) – Finland’s Prime Minister Jyrki Katainen denied on Monday that Germany and France had or could have made any new commitments for the euro zone rescue fund to buy bonds of weaker member states.

“No two (euro) countries can decide on behalf of others, and they haven’t decide between themselves on buying some country’s bonds either,” Katainen told Reuters in an interview.

Jul 1, 2011

Finnair, Flybe to buy Finnish regional carrier

LONDON/HELSINKI July 1 (Reuters) – Flybe , Europe’s
largest regional airline, and Finnair have together
agreed to buy Finland’s biggest domestic carrier Finnish
Commuter Airlines (FCA) for 25 million euros ($35.5 million) to
expand in the Baltic market.

Flybe, which has also agreed to buy 46 percent of Finnish
Aircraft Maintenance, will pay 12 million euros for a 60 percent
stake in the joint venture — to be known as Flybe Nordic –
while Finland’s flag carrier will pay 13 million euros for 40

Jun 27, 2011

Siemens says still in talks to sell NSN stake

FRANKFURT/HELSINKI (Reuters) – Siemens said it was still in talks to sell its stake in Nokia Siemens Networks, despite a report that efforts with partner Nokia to find a third shareholder in their joint venture had failed.

“Negotiations are continuing,” a Siemens spokesman said On Monday, referring to attempts by Siemens and Nokia to sell a stake in NSN.

Jun 9, 2011

Fresh blow for Nokia as CTO ducks out

HELSINKI, June 9 (Reuters) – Nokia (NOK1V.HE: Quote, Profile, Research, Stock Buzz) said its chief
technology officer had taken a leave of absence and a Finnish
newspaper said he was unlikely to return due to disagreements on
strategy, a fresh blow for the struggling mobile phone company.

The Helsingin Sanomat quoted unnamed sources saying Richard
Green was unhappy with management decisions such as abandoning
the “MeeGo” operating system it was developing with Intel in
favour of going with Microsoft’s Windows Phone software.

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.