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Swedish economy steams ahead on record central bank stimulus

Stockholm / Bloomberg Sweden’s economy expanded faster than estimated in the fourth quarter after the central bank unleashed record stimulus to defend the credibility of its inflation target. The economy surged 1.3 percent from the third quarter, Statistics Sweden said in a statement. Growth was seen at 0.7 percent in a Bloomberg survey of analysts. It expanded an annual 4.5 ...

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Polish billionaire regroups assets to fend off Orange, T-Mobile

WARSAW / Bloomberg Poland’s largest mobile phone operator agreed to buy another company controlled by billionaire Zygmunt Solorz-Zak to gain access to high-speed mobile Internet network services and fend off competition from the units of Orange SA and Deutsche Telekom AG. Cyfrowy Polsat SA, Poland’s largest private television broadcaster and owner of mobile company Polkomtel Sp. z o.o. , will ...

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S&P 500 Futures signal 2nd day of stock losses; Valeant Slides

NEW YORK / Bloomberg U.S. stock-index futures fell, after the Standard & Poor’s 500 Index trimmed its second weekly rally, amid concern policy makers around the world aren’t doing enough to bolster the global economy. Bank of America Corp. and Goldman Sachs Group Inc. fell at least 1.1 percent in premarket trading, signaling lenders will snap a two-day advance. Valeant ...

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