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  • German industrial group ThyssenKrupp, Dutch healthcare and consumer group Philips and British food ingredients group Tate& Lyle are among those adjusting for lower growth and a new intensity in price wars. "The message which we have given the team in China is the following: You need to move up your margin," ThyssenKrupp Chief Executive Heinrich Hiesinger told...

  • Novo Nordisk adding diabetes drug output in NC, Denmark Wednesday, 26 Aug 2015 | 10:39 AM ET

    RALEIGH, N.C.— Danish drug maker Novo Nordisk said Wednesday it will open new factories in North Carolina and Denmark as pharmaceutical companies seek to keep up with demand for diabetes medications in an increasingly overweight world. Novo Nordisk plans to invest about $2 billion over the next five years in new production facilities in the Raleigh suburb of...

  • COPENHAGEN, Aug 24- Nasdaq is poised to launch a platform for foreign exchange trading which it says would make the $5 trillion- a-day global market more transparent and would diversify its own business, a top executive from the stock market operator said. Authorities in the United States and Europe have fined major banks more than $10 billion for failing to stop...

  • Climate boss says EU can only back a strong Paris deal Thursday, 20 Aug 2015 | 9:53 AM ET

    BRUSSELS, Aug 20- The European Union will support a U.N. deal to cap global warming only if the agreement is legally binding and includes regular reviews to ensure words translate into deeds, Europe's climate boss said on Thursday. With just 10 days scheduled for formal negotiations before landmark talks begin in Paris on Nov. 30, preparations are painfully slow.

  • Carlsberg slashes 2015 earnings forecast after Q2 decline Wednesday, 19 Aug 2015 | 4:52 AM ET

    COPENHAGEN, Denmark— Danish brewer Carlsberg has lowered its full-year earnings forecast after declining beer sales in Russia and Ukraine hurt second-quarter profits. Carlsberg, which had previously forecast single-digit growth in operating profit in 2015, said Wednesday it now expects a slight decline, citing "challenging market conditions" in Eastern...

  • French company Total drops shale gas well in Denmark Tuesday, 18 Aug 2015 | 10:01 AM ET

    COPENHAGEN, Denmark— French energy company Total has halted a shale gas project in Denmark after disappointing results in exploratory drilling. The company earlier this year handed back another license in eastern Denmark. Greenpeace Denmark called it a "partial victory" but vowed to continue campaigning against Total's shale gas activities and for a...

  • BUSINESS-NEWS-SCHEDULE AT 1500 GMT/11:00 a.m. ET Friday, 14 Aug 2015 | 11:35 AM ET

    Editor: Phil Berlowitz +1 646 223 6200. ATHENS- Greek Prime Minister Alexis Tsipras faces the widest rebellion yet from his leftist lawmakers as parliament approves a new bailout program, forcing him to consider a confidence vote that could pave the way for early elections. Electric car maker Tesla Motors Inc says it is looking to raise about $642.5 million...

  • *CEO says Maersk Line will defend its top market position. COPENHAGEN, Aug 13- A.P. Moller-Maersk plans to take action to defend and potentially expand its leading position in container shipping, sending a signal to rivals that it will become a more aggressive player in the market. It is a signal to the industry that we aim to keep our position as industry leader, "...

  • PARIS, July 23- The French government unveiled proposals on Thursday to save hundreds of local ferry jobs and end a dispute at the northern port of Calais that has disrupted traffic through the Channel Tunnel for weeks. The dispute has added to public order concerns in Calais, where thousands of migrants from Africa and the Middle East have gathered in the hope of...

  • *Sunday's referendum could be flash point for Greece. LONDON, July 2- The Swedish crown sank 1 percent on Thursday after Sweden's central bank surprised markets by cutting interest rates deeper into negative territory and saying it would pump more money into the economy, citing risks from Greece. Sweden's Riksbank said that uncertainty abroad had increased...

  • Greek turmoil a turnoff for potential euro recruits Monday, 29 Jun 2015 | 3:24 PM ET

    WARSAW, June 29- The turmoil over Greece is pushing away from the euro the very nations that could do most to burnish the currency union's tarnished credentials. Poland and Denmark are among the biggest European economies still outside the euro. Yet years of euro zone wrangling with Greece, culminating in this week's breakdown of talks with creditors, have left...

  • *Cyprus had capital controls for two years. *Iceland just starting to dismantle controls imposed in 2008. Like Cyprus then, Greek banks are now relying on emergency liquidity assistance authorized by the European Central Bank to cope with deposit outflows which accelerated last week as Athens and its lenders remained deadlocked..

  • *Copenhagen stocks rise after Denmark election result. LONDON, June 19- European shares gained ground on Friday, boosted by a rise in French telecom stocks and at steelmaker Thyssenkrupp, although persistent concerns over Greece kept a lid on the overall progress. Thyssenkrupp also advanced 2.7 percent after Citigroup upgraded its rating on the stock to "buy"...

  • DIARY- Top Economic Events to July 2 Thursday, 18 Jun 2015 | 8:01 PM ET

    TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso to deliver speech at annual meeting of trust associations- 0636 GMT. SAN FRANCISCO- Federal Reserve Bank of San Francisco President John Williams gives policy speech before the National Bureau of Economic Research East Asian Seminar on Economics- 1540 GMT. PITTSBURGH, United States- Federal Reserve Bank of...

  • DIARY- Top Economic Events to June 29 Wednesday, 17 Jun 2015 | 8:01 PM ET

    LONDON- European Competition Commissioner Margrethe Vestager speaks about "Politicization of Competition Policy" at the Chatham House event, meets UK finance minister George Osborne and UK business minister Sajid Javid. TOKYO- Bank of Japan Monetary Policy Meeting. BERNE- Swiss National Bank Monetary policy assessment- 0730 GMT.

  • China to join EU in pledge to get Paris climate deal Monday, 15 Jun 2015 | 11:29 AM ET

    BRUSSELS, June 15- China, the world's biggest polluter, will sign a joint pledge with the European Union this month to seek a U.N. agreement to tackle climate change as one of "the greatest threats facing humanity," according to a draft statement seen by Reuters. Chinese Premier Li Keqiang will endorse the statement at a June 29 summit in Brussels with EU leaders, who...

  • DIARY- Top Economic Events to June 26 Friday, 12 Jun 2015 | 8:01 PM ET

    DUBLIN- Central Bank of Ireland Director of Policy and Risk Gerry Cross and European Commissioner for Financial Services Jonathan Hill speak at the FIBI International Banking Conference 2015. VIENNA- Austrian National Bank hosts conference on long-term perspectives for economic growth. Speakers:- European Central Bank Governing Council member Ewald...

  • DIARY- Top Economic Events to June 23 Thursday, 11 Jun 2015 | 8:01 PM ET

    BRUSSELS- The European Union and Mexico will hold the 7th EU-Mexico summit. SYDNEY- Reserve Bank of Australia Assistant Governor Guy Debelle speaks at the Launch of Financial Integration in the Asia Pacific: Future of Australian Financial Services- 2155 GMT. DUBLIN- Central Bank of Ireland Director of Policy and Risk Gerry Cross and European Commissioner for...

  • COPENHAGEN, June 11- Tiger, the Danish retailer once the dubbed the love child of IKEA and a dollar store, expects another year of 40 percent- plus revenue growth, helped by its debut in Manhattan two weeks ago. Tiger has expanded rapidly since launching in Denmark in 1995. It opened 122 stores last year and now has 411 mostly in Europe. "We're in no rush to open in every...

  • GARMISCH-PARTENKIRCHEN, Germany, June 6- German Chancellor Angela Merkel has urged Group of Seven leaders to agree to limit the rise in average global temperatures to two degrees Celsius above pre-industrial levels, warning that without such a commitment a broader climate deal could fail. Merkel is hoping leaders will send a strong signal on cutting...