Finnish

Nordea Bank Abp: Nordea’s capital requirement for systemic risk

Retrieved on: 
Friday, March 31, 2023
European Central Bank, London Stock Exchange, Finnish Financial Supervisory Authority, Financial Conduct Authority, Finnish, Policy, Common equity, Central bank, EUR, London, ECB, United Kingdom, EET, FSA, RNS, Nordea

Nordea's Common Equity Tier 1 (CET1) requirement will increase by 100bp following the decision of the Finnish Financial Supervisory Authority (FSA) to impose a systemic risk buffer (SyRB) of 1.0% on banks in Finland.

Key Points: 
  • Nordea's Common Equity Tier 1 (CET1) requirement will increase by 100bp following the decision of the Finnish Financial Supervisory Authority (FSA) to impose a systemic risk buffer (SyRB) of 1.0% on banks in Finland.
  • The decision will apply from 1 April 2024 and is not expected to impact Nordea's capital return plans.
  • On 30 March 2023 the Finnish FSA published its decision to impose a SyRB of 1.0% to be applied by banks in Finland and to be met with CET1 capital.
  • Nordea has a clear capital and dividend policy, which includes pursuing an efficient capital structure and generating sustainable shareholder returns to the benefit of all shareholders.

Notice to the Annual General Meeting of Nokia Corporation

Retrieved on: 
Thursday, March 2, 2023
AGM, Chair, Committee, Annual report, Policy, Travel, Parliamentary Information Technology Committee, Address, American depositary receipt, Letter, Finland, Treasury, Post office box, NOKIA, Corporate governance, EUR, Remuneration, Annual general meeting, Citibank, Chairperson, Messukeskus Helsinki, Proxy, Audit committee, Chapter Five, Companies' Remuneration Reports Bill, EET, The Meeting, ADR, Webcast, Chapter Ten, Public sector banks in India, Person, Defense Policy Board Advisory Committee, Nomination, Annual, Exercise, Meeting, Tax, Privacy, Security (finance), Financial adviser, Industrial design, Property management, Holding company, Audit, Finnish

Bruce Brown and Edward Kozel have informed the Board’s Corporate Governance and Nomination Committee that they will no longer be available to serve on the Nokia Board of Directors after the Annual General Meeting.

Key Points: 
  • Bruce Brown and Edward Kozel have informed the Board’s Corporate Governance and Nomination Committee that they will no longer be available to serve on the Nokia Board of Directors after the Annual General Meeting.
  • A holder of nominee-registered shares has the right to participate in the Annual General Meeting by virtue of such shares, based on which they on the record date of the Annual General Meeting, i.e.
  • The written questions may be considered in the Annual General Meeting in connection with each agenda item to the extent deemed appropriate by the Chair of the meeting.
  • On the date of this notice of the Annual General Meeting the total number of shares in Nokia Corporation and votes represented by such shares is 5 632 297 576.

Wiqtcom Launches Full-length Online IQ Test to Help Enhance Intelligence with Scientifically Proven Methods

Retrieved on: 
Tuesday, January 31, 2023
Logic, Academic Cooperation Association, Motivation, IQ, Student, Intelligence, Knowledge, Mensa, Online shopping, 3D printing, Finnish

New York, New York--(Newsfile Corp. - January 31, 2023) - The Finnish IQ testing specialist, Wiqtcom, is pleased to announce the launch of a new IQ test that has been scientifically designed to open up IQ testing and improve the intelligence of people worldwide.

Key Points: 
  • New York, New York--(Newsfile Corp. - January 31, 2023) - The Finnish IQ testing specialist, Wiqtcom, is pleased to announce the launch of a new IQ test that has been scientifically designed to open up IQ testing and improve the intelligence of people worldwide.
  • By understanding the logical process behind these questions, test takers can hone their reasoning skills and improve their total IQ with scientifically proven methods.
  • Several IQ tests are available on the https://www.worldwide-iq-test.com website, including a paid option that delivers validated results and an exact IQ score.
  • The company's mission is to democratize intelligence, and with that in mind, the online IQ tests have been designed.

Luis de Guindos: Interview with Politico

Retrieved on: 
Friday, November 11, 2022
QT, Communication, Fiscal policy, ECB, Politico, Finnish, Reproduction, Governing Council of the European Central Bank, Risk, European Commission, GDP, Uncertainty, Shock, Policy, Royal commission, Probability, Growth, Frankfurt, Management information system, European Central Bank, Customer service, Renewable energy, Commercial property, Health insurance, Milk, Cryptocurrency, Fused quartz, Risk management, Public relations, Tourism, Creative industries, Bank, Insurance, Recycling, Security (finance)

We will continue raising rates to a level that ensures inflation will come back into line with our definition of price stability.

Key Points: 
  • We will continue raising rates to a level that ensures inflation will come back into line with our definition of price stability.
  • That level will depend on the data that we receive, the evolution of inflation, economic conditions, demand, and energy prices.
  • Being data-dependent is the best approach in times of very high uncertainty such as we are living through now.
  • *
    We are mainly guided by inflation and if you look at its evolution in October, you can see it is accelerating.
  • My opinion is that inflation will hover around its present level of 10.7% over the next few months.
  • It will start to decline in the first half of next year, but, on average, headline and core inflation will remain very high.
  • If you say very high, does that mean higher than the 5.5% the ECB currently projects for next year?
  • I think the trend will be downwards in the first half of next year, even if still high on average.
  • By looking at the trajectory of energy prices, we can explain an important part of the evolution of headline inflation.
  • *Can you give me a sense of how deep a recession you expect to see next year in the eurozone?
  • In my view, there is a high probability that quarterly growth in the fourth quarter of this year will be negative.
  • The first instrument that we have used, because we believe it to be the most efficient one, is interest rates.
  • QT is also part of the normalisation process of monetary policy and we will proceed with a lot of prudence and caution.
  • *Still there are concerns that once you start reducing your balance sheet this could have a major impact on financial markets.
  • These institutions have taken a lot of risk in terms of leverage and illiquid assets in their portfolios.

Partinc Capital invests in Finnish SaaS company Seidat

Retrieved on: 
Wednesday, August 17, 2022
Investment, Nordic, Software, Finnish, Partnership, Software as a service, CEO, Capital, 3D printing, Bank, Benelux, Service

STOCKHOLM, Aug. 17, 2022 /PRNewswire/ --The Swedish investment company Partinc Capital AB invests in the Finnish SaaS company Seidat.

Key Points: 
  • STOCKHOLM, Aug. 17, 2022 /PRNewswire/ --The Swedish investment company Partinc Capital AB invests in the Finnish SaaS company Seidat.
  • With support from Partinc Capital, Seidat aims to further strengthen their outreach and software development capabilities, something that will partly be achieved through several new recruitments this upcoming fall.
  • "I see Partinc Capital as a strategic partner for scaling up our B2B SaaS business internationally.
  • Partinc Capital is a Swedish investment company focusing on investments in SaaS companies delivering software services for "business-to-business" relationships.

Chinese Beauty Giant S'Young Acquires EviDenS de Beauté, Marking a New Height of CP Cooperation

Retrieved on: 
Friday, July 22, 2022
Acquisition, Skin, Rosewood Hotels & Resorts, RMB, Sephora, Johnson & Johnson, Social media, Galeries Lafayette, Listerine, History, Partnership, CP, Tmall, Mask, Finnish, Skin care, Labo, Empowerment, Company, Epinotia evidens, KIKO, Perception, Lists of people executed in the United States, SPA, SKP, Retail, Cosmetics, Ali Baba (disambiguation), Saint-Paul-de-Vence

EviDenS de Beaut retains independent operation of the brand and the team after the acquisition.

Key Points: 
  • EviDenS de Beaut retains independent operation of the brand and the team after the acquisition.
  • The acquisition marks a deepening of the CP cooperation model, and a higher level of cooperation in equity acquisition, investment, and strategic collaboration according to the wishes and needs of the overseas brand.
  • To better develop in the Chinese market, EviDenS de Beaut chose S'Young as its partner, which has 16-year experience in beauty brand management.
  • With respect for the partners and their value, S'Young empowers international niche beauty brands to develop and maximize their value in China.

Chinese Beauty Giant S'Young Acquires EviDenS de Beauté, Marking a New Height of CP Cooperation

Retrieved on: 
Friday, July 22, 2022
Acquisition, Skin, Rosewood Hotels & Resorts, RMB, Sephora, Johnson & Johnson, Social media, Galeries Lafayette, Listerine, History, Partnership, CP, Tmall, Mask, Multimedia, Finnish, Skin care, Labo, Empowerment, Company, Epinotia evidens, KIKO, Perception, Lists of people executed in the United States, SPA, SKP, Retail, Cosmetics, Ali Baba (disambiguation), Saint-Paul-de-Vence

EviDenS de Beaut retains independent operation of the brand and the team after the acquisition.

Key Points: 
  • EviDenS de Beaut retains independent operation of the brand and the team after the acquisition.
  • The acquisition marks a deepening of the CP cooperation model, and a higher level of cooperation in equity acquisition, investment, and strategic collaboration according to the wishes and needs of the overseas brand.
  • To better develop in the Chinese market, EviDenS de Beaut chose S'Young as its partner, which has 16-year experience in beauty brand management.
  • With respect for the partners and their value, S'Young empowers international niche beauty brands to develop and maximize their value in China.

HMD Global, home of Nokia phones, partners with the 2022 IIHF Ice Hockey World Championship and puts tough Nokia XR20 through its paces on the ice

Retrieved on: 
Friday, May 6, 2022
Finnish, Menora Mivtachim Arena, Connie Sison, Hockey, Tablet, OS, United States national team, HMD, Multimedia, Ice, Ultra Blue, NHL Network, NHL, Life, HMD Global, Television, Mobile phone, Online shopping

MIAMI, May 6, 2022 /PRNewswire/ -- HMD Global, the home of Nokia phones, announces it is the Official Partner of the 2022 IIHF Ice Hockey World Championship. Taking place in Finland at the Nokia Arena in Tampere, the championship will run from May 13-29, 2022, and fans in the US can watch on the NHL Network.  

Key Points: 
  • Exceptionally tough and durable, watch the Nokia XR20 get put through its paces on the ice in a new video.
  • To mark the occasion, HMD called on Finland's biggest ice hockey fans and presenters, Viki & Kpi, to put the extremely tough and durable Nokia XR20 through its paces on the ice.
  • Built to last, the Nokia XR20 is designed to withstand the rough and tumble of everyday life.
  • HMD designs and markets a range of Nokia smartphones and Nokia feature phones and an expanding portfolio of innovative HMD service offerings.

Notice to the Annual General Meeting of Stora Enso Oyj

Retrieved on: 
Thursday, February 10, 2022
Swedish East India Company, Policy, Remuneration, Annual general meeting, AGM, Citibank, Safety, General officer, Sustainability, Webcast, Annual, Nordea, Q&A, Name, Industry, List, Chair, Intention, Audit committee, IDS, COVID-19, Ethics, Shareholder, Adoption, Finance, Mass meeting, EUR, LTI, Exercise, Foundation, Health, Book, Legislation, Board of directors, ADR, Chapter Five, APA, Biophysical environment, Board, Web browser, Head Office, Address, Leadership, ESG, Trust, CEO, C.2, Social, R, Animal, Holding company, Audit, Online gambling, Security (finance), Management, Life insurance, Car rental, Auction, Internet service provider, Online shopping, Finnish, Company, Euroclear, Stora Enso, Vuorineuvos, Director

HELSINKI, Finland, Feb. 10, 2022 /PRNewswire/ -- The Board of Directors of Stora Enso Oyj has decided to convene the Annual General Meeting to be held on Tuesday 15 March 2022. The meeting will be held at 2.45 p.m. Finnish time. 

Key Points: 
  • HELSINKI, Finland, Feb. 10, 2022 /PRNewswire/ -- The Board of Directors of Stora Enso Oyj has decided to convene the Annual General Meeting to be held on Tuesday 15 March 2022.
  • Notice is given to the shareholders of Stora Enso Oyj ("Stora Enso" or the "Company") to the Annual General Meeting (the "AGM") to be held on Tuesday 15 March 2022 at 2.45 p.m. at the Company's Head Office at Salmisaarenaukio 2, Helsinki, Finland.
  • As participation in the Annual General Meeting is possible only in advance, the amended Remuneration Policy which is attached to this notice and which is also available on the Company's website storaenso.com/agm , shall be deemed to have been presented to the Annual General Meeting.
  • The minutes of the AGM will be available on Stora Enso Oyj's website storaenso.com/agm no later than on Tuesday 29 March 2022.

Proposals of the Shareholders' Nomination Board to Stora Enso Oyj's Annual General Meeting 2022

Retrieved on: 
Tuesday, January 11, 2022
Annual general meeting, MET Group, AGM, Board of directors, Foundation, Mass meeting, CEO, Leadership, New Board, Nordea, Industry, Shareholder, Company, Remuneration, Trust, Company secretary, Chair, Board, Holding company, Management, Stora Enso, Finnish, Vuorineuvos, Director

HELSINKI, Jan. 11, 2022 /PRNewswire/ -- The Shareholders' Nomination Board, established by Stora Enso's Annual General Meeting (AGM), will propose to the AGM to be held on 15 March 2022 that the Company's Board of Directors shall have nine (9) members.The Shareholders' Nomination Board proposes that of the current members of the Board of Directors, Håkan Buskhe, Elisabeth Fleuriot, Hock Goh, Helena Hedblom, Christiane Kuehne, Antti Mäkinen, Richard Nilsson and Hans Sohlström be re-elected members of the Board of Directors until the end of the following AGM and that Kari Jordan be elected new member of the Board of Directors for the same term of office.The Shareholders' Nomination Board proposes that Antti Mäkinen be elected Chair and Håkan Buskhe be elected Vice Chair of the Board of Directors.Mikko Helander has announced that he is not available for re-election to the Board of Directors.

Key Points: 
  • HELSINKI, Jan. 11, 2022 /PRNewswire/ -- The Shareholders' Nomination Board, established by Stora Enso's Annual General Meeting (AGM), will propose to the AGM to be held on 15 March 2022 that the Company's Board of Directors shall have nine (9)members.
  • The Shareholders' Nomination Board proposes that Antti Mkinen be elected Chair and Hkan Buskhe be elected Vice Chair of the Board of Directors.
  • "Mikko Helander has during his tenure since 2019 been a valuable member of the Stora Enso Board of Directors.
  • This recommendation is based on the fact that at Stora Enso, in line with a good Nordic governance model, the Shareholders' Nomination Board is separate from the Board of Directors.