Brussels - The European Commission on Thursday approved Sweden's financial rescue package, which involves the state providing up to 1,500 billion Swedish kroner (201 billion dollars) in debt guarantees to banks and other lenders.

The plan's approval by the European Union executive came just three days after it was officially received in Brussels.

"This decision shows that when member states follow the commission's guidance on overcoming the financial crisis, they can obtain rapid approval," said Competition Commissioner Neelie Kroes.

Stockholm - Swedish state-owned energy group Vattenfall on Thursday posted higher operating profits for third-quarter 2008, boosted by its operations in the Nordic region.

Operating profit before tax and interest was 5.59 billion kronor (726 million dollars), up 17 per cent year-on-year.

Third-quarter turnover increased by 17 per cent to 37 billion kronor, while the net profit fell some 29 per cent to 2.48 billion kronor.

Swedish researchers have found a 5% drop in heart attacks deaths and hospitalization after the semi-annual one-hour time changes to mark the end of daylight saving times. According to a study to be published Thursday in the New England Journal of Medicine, the onset of daylight saving time in the spring appears to increase the risk of heart attacks.

Stockholm - Swedish state-owned mining group LKAB announced plans to invest 12.5 billion kronor (1.5 billion dollars) to expand its mining operations in Kiruna, northern Sweden.

The investment in a new main level was expected to secure LKAB's iron ore mining and processing operations in Kiruna until 2030, the group said.

"This is in line with the company's long-term strategy and it backs up investments totaling about 20 billion kronor that we have already made in facilities at surface level," LKAB chief executive Ola Johnsson said.

The mine in Kiruna has high-grade iron ore that is converted into pellets.

Stockholm - The Swedish parliament Wednesday approved a stability plan including the establishment of a fund to help banks that run into problems in the future.

Financial Markets Minister Mats Odell said the "stability plan would take immediate effect."

The plan included safeguarding deposits and restoring confidence between the financial institutions.

The government would also take over preferential shares if a bank requested funds.

The government would double the state guarantee to 500,000 kronor (62,000 dollars) for deposits in Swedish-owned banks.

Stockholm  - A majority of Swedes favour keeping the Swedish currency, but opposition has declined to introducing the joint European currency, the euro, a report said Tuesday.

The poll commissioned by the Svenska Dagbladet newspaper showed that 47 per cent opposed the euro while 42 per cent favoured such a move, the poll commissioned by the Svenska Dagbladet newspaper said.

The survey indicated that 11 per cent were undecided.

In a referendum five years ago, 56 per cent of Swedish voters said they wanted to keep the krona while 42 per cent favoured the euro.

Polling institute Sifo interviewed some 1,000 Swedes by telephone October 20 to 23.