SEB reclaims Scandi award after a one-year hiatus
The Swedish krona has been caught in a challenging corner for much of 2013; it has continued to gain ground against both the euro and the US dollar as concerns over economic weakness have pushed safe-haven flows to the Nordics. But the currency's strength has been bad news for Swedish corporates, particularly large exporters. Telecommunications giant Ericsson attributed a 3% drop in net sales during the third quarter to the strength of the krona.
But it's not all doom and gloom for Swedish firms
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