Global Stocks Drop; Investors Shun Risk as Credit Market Turmoil Worsens

(Bloomberg) -- Stocks tumbled around the world and
U.S. Treasuries rallied on concern higher borrowing costs will
slow takeovers, spur debt defaults and curb earnings, prompting
investors to flee riskier assets.

The Standard & Poor's 500 Index fell to its lowest in almost
three months, while the FTSE 100's biggest drop in four years led
declines across Europe. Benchmark stock indexes in Argentina,
Brazil, Mexico, Turkey and Sweden sank more than 3 percent.


Read more at Bloomberg Stocks News

Sweden says M.Stanley has free rein in V&S sale

(Reuters) - Sweden's parliament last week passed a bill allowing the
centre-right government to sell Vin & Sprit, real estate firm
Vasakronan and mortgage lender SBAB.




The state already had leave to sell its stakes in three
listed firms -- telecoms operator TeliaSonera , Nordea
Bank AB and OMX , the Nordic bourse company
subject to a takeover bid from Nasdaq Stock Market .


Read more at Reuters.com Bonds News

UPDATE 1-EU to decide on several gambling legal actions

(Reuters) - "There will be some decisions made probably tomorrow by the
college on a number of member states," Oliver
Drewes, a spokesman for the European Union's executive arm, told
a regular briefing.




"This concerns France, Greece and Sweden for the moment.
Those are the decisions on the calendar for tomorrow," Drewes
said.


Read more at Reuters.com Government Filings News

European Government Bonds Drop on Concern Global Inflation Is Quickening

(Bloomberg) -- European government bonds fell for a
second day as central banks in the U.K. and Sweden indicated they
will raise interest rates further, adding to concern global
inflation is quickening.

Debt's slide sent 10-year yields to near a five-year high as
investors reassess the outlook for global borrowing costs.
Interest-rate futures suggest the European Central Bank will keep
raising lending rates this year, while Sweden's Riksbank said
yesterday it'll lift rates twice more and minutes of the Bank of
England's last rate-setting meeting showed more policy makers
backed higher borrowing costs than forecast.


Read more at Bloomberg Bonds News

Sweden's Economy Will Expand 3.6 Percent in 2007, 3.7 Percent Next Year

(Bloomberg) -- Sweden's economy will expand 3.6
percent this year, less than previously forecast, after a slowdown
in exports at the start of the year, the National Institute of
Economic Research estimated.

Growth will pick up to 3.7 percent next year, and slow to 3
percent in 2009, the Stockholm-based, government-sponsored group
said in an e-mail today. The NIER in March forecast growth of 3.9
percent this year and 3.4 percent in 2008. Gross domestic product
expanded 4.2 percent last year, the most since 2000.


Read more at Bloomberg Currencies News