Word: krona
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...fertilizer companies in Taiwan. In equities he likes Serbia, Macedonia, Malaysia and the GCC (Gulf Cooperation Council) countries, and he is looking to other frontier markets, including Kazakhstan and Georgia. Pushed to home in on one idea, Leitner says his favorite trade is buying a short-dated Swedish krona call option against the euro. It's a way of playing the next Swedish central bank meeting, he explains...
...already has big plans that don't require spending his afternoons toiling over geometry. "I'll be a fisherman," he says, just like most of his ancestors. His father recently returned home from 60 days at sea off the coast of Norway. "He came back with 1.1 million krona," about $18,000, says Hauksson. As for school, he says, "it destroys the brain." He intends to quit at 16, the earliest age at which he can do so legally. "A boy sees his older brother who has been at sea for only two years and has a better...
Some allegiances matter more than others, and Sweden proved the point. No one in that country, grieving over the senseless murder of the pro-euro Foreign Minister, Anna Lindh (see box), considered it a blot on her memory that 56% of those voting wanted to keep the krona. Indeed, it was largely in her honor that 82.6% of the electorate turned out to vote - they paid their respects by participating, not by agreeing with her. Their anti-euro sentiment is shared by many in the U.K. Two key factors drive that opposition, and prevent Tony Blair from calling a referendum...
...bankroll, they have shouted yes slogans in every legal form. Though political TV advertising is outlawed, the country is awash in debate. On Stockholm street corners, workers dutifully dispense yes or no pins from little huts. And would-be voters are assaulted by huge hanging banners and billboards: "Better krona in your pocket than euros in your unemployment check," said one billboard erected by the no campaigners. Persson's main argument is economic: join the euro now and trade will increase with the rest of the euro zone, interest rates will drop from the current 2.75% to the 2% level...
...Tunhammar, director general of the Confederation of Swedish Enterprise, says that if the country votes no, the Swedish krona will weaken, interest rates will rise and the country will have to adopt structural reforms to compete in Europe. While most businessmen share this view, some important voices have spoken out against it. Rune Andersson, chairman of the board of Electrolux, the giant producer of washing machines and dishwashers that is Sweden's fourth-largest business, says he favors keeping an independent krona and central bank for Sweden, even though the company loses out when export receipts are converted back from...