Edition:
India

Stine Jacobsen

Orsted to sell its Danish power businesses for $3.2 billion

18 Sep 2019

COPENHAGEN Orsted has agreed to sell its Danish power distribution and retail businesses to energy firm SEAS-NVE for 21.3 billion Danish crowns ($3.15 billion) on a cash and debt-free basis, the Danish utility said on Wednesday.

Nord Stream 2 pipeline edges closer to Danish deadlock

16 Sep 2019

IN THE BALTIC SEA, Sweden With each 24-tonne steel pipe laid on the seabed of the Baltic Sea, the vessel Solitaire is edging closer to what could be a costly hold-up for the Russian-led gas pipeline project which has divided the European Union.

Nord Stream 2 pipeline edges closer to Danish deadlock

16 Sep 2019

IN THE BALTIC SEA, Sweden, Sept 16 With each 24-tonne steel pipe laid on the seabed of the Baltic Sea, the vessel Solitaire is edging closer to what could be a costly hold-up for the Russian-led gas pipline project which has divided the European Union.

Danish pension fund excludes top oil firms on climate concerns

04 Sep 2019

COPENHAGEN Danish pension fund MP Pension said on Tuesday it would sell its stakes in 10 of the world's biggest oil firms as it seeks to divest major sources of carbon emissions from its portfolio.

Denmark sees resolution soon to EU rift on 2050 climate goal

16 Aug 2019

COPENHAGEN The new energy and climate minister of Denmark, a frontrunner in fighting climate change, said on Friday he was confident fellow EU countries would soon agree to go carbon-neutral by 2050 despite resistance in the east of the bloc.

Novo Nordisk's new diabetes, obesity drugs lift sales outlook

09 Aug 2019

COPENHAGEN Novo Nordisk raised its sales forecast for this year thanks to growing demand for obesity drugs and a new injectable treatment for diabetes, now its growth engine as insulin sales decline.

UPDATE 1-Orsted beats profit expectations but says wind power generation not satisfying

08 Aug 2019

* Says power generation from existing sites was not satisfying

Nordic economies expected to feel pinch of global trade tensions: Reuters poll

17 Jul 2019

COPENHAGEN Nordic economies are seen expanding at a slightly slower pace next year as lingering tensions between the United States and its trading partners hurt world growth, despite growing signs of a global monetary policy easing cycle, a Reuters poll found.

Franklin Templeton star bond investor Hasenstab questions low-inflation-forever view

01 Jul 2019

COPENHAGEN Markets and policymakers could be making a mistake in assuming inflation will stay low for ever, bond investor Michael Hasenstab said on Tuesday, adding that a very challenging market environment may lie ahead.

Danske Bank ousts former interim CEO after customers overcharged

24 Jun 2019

COPENHAGEN Danske Bank has dismissed its former interim chief executive Jesper Nielsen after thousands of Danish customers were overcharged for an investment product, a first step by its new boss to restore trust in the troubled lender.

World News