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Europe Top News and Analysis Denmark

  • FRANKFURT, Oct 8- Key Euribor bank-to-bank lending rate hit fresh record lows on Monday, pushed down by large amounts of excess liquidity sloshing around in the money markets. The amount of excess cash in the euro zone banking system remains extremely high at 711 billion euros according to Reuters calculations.

  • For more on the company, double click on NOKIA. Dame Marjorie Scardino is preparing to give up her role as the vice-chair of the Finnish phone-maker Nokia, Financial Times reported on Sunday, just days after Scardino announced her departure from the helm of Pearson.

  • Lavrov speaks to the Association of European Business in Russia on EU-Russia relations in the context of Russian WTO membership and Eurasian integration processes. Crown Princess Mary of Denmark visits St. Petersburg.

  • Dame Marjorie Scardino is preparing to give up her role as the vice-chair of the Finnish phone-maker Nokia, Financial Times reported on Sunday, just days after Scardino announced her departure from the helm of Pearson. Scardino, Nokia's vice-chair since 2007, was quoted as saying it was a "natural schedule" to leave the board next spring.

  • OSLO, Oct 7- Greenhouse gas emissions rise when economies expand but don't fall as quickly when recession strikes, perhaps because people stick with a higher-emitting lifestyle from the boom times, a study showed.

  • FRANKFURT, Oct 5- Benchmark euro zone bank-to-bank lending rates hit fresh euro-era lows on Friday, a day after the European Central Bank held interest rates at a record low of 0.75 percent and said it did not even discuss changing them. Equivalent Libor rates, set by a smaller panel of banks in London, fixed at 0.14571 percent.

  • STOCKHOLM, Oct 5- The head of retail banking for Nordea, the Nordic region's biggest bank, said on Friday he sees loan losses in Denmark stabilising as the country's troubled real estate and agriculture sectors may have seen their worst.

  • *Nordic spot price for Saturday seen at 29.8 euros/ MWh. Saturday's delivery is expected to fall to 29.8 euros a megawatt-hour and to 27.8 euros for Sunday, compared to 32.23 euros on Friday, analysts at Point Carbon said. Wind power output in Denmark and Sweden was expected to gain by an hourly average of 920 MW on Saturday and by 1,890 MW on Sunday from Friday.

  • FRANKFURT, Oct 5- Key Euribor bank-to-bank lending rates hit fresh record lows on Friday, a day after the European Central Bank held interest rates at a record-low of 0.75 percent and said it did not even discuss changing them. The amount of excess cash in the euro zone banking system remains extremely high at 712 billion euros according to Reuters calculations.

  • COPENHAGEN, Oct 5- Denmark's seasonally-adjusted industrial production fell 2.3 percent in August from July, official data showed on Friday. Industrial output grew 4.7 percent in August year-on-year, and was 10.8 percent above the same month in 2010, Statistics Denmark said.

  • Embattled U.S. truck and engine maker Navistar International Corp, a rival of Sweden's AB Volvo, may close factories in its bid to cut costs, its newly named CEO Lewis Cambell said in a Reuters interview late on Thursday. For more on Volvo, click on ERICSSON.

  • Embattled U.S. truck and engine maker Navistar International Corp, a rival of Sweden's AB Volvo, may close factories in its bid to cut costs, its newly named CEO Lewis Cambell said in a Reuters interview late on Thursday. For more on Volvo, click on NORDEA, SAMPO.

  • OSLO, Oct 4- Nordic spot power prices were expected to remain steady as colder weather was likely to to support consumption, while lower hydro inflows allow hydro power producers to get better control of prices, analysts said on Thursday.

  • FRANKFURT, Oct 4- Key Euribor bank-to-bank lending rates hit fresh record lows on Thursday, as the markets were expecting the European Central Bank to provide hints whether it planned to cut interest rates further. The amount of excess cash in the euro zone banking system remains extremely high at 713 billion euros according to Reuters calculations.

  • "We anticipate that Denmark- based Novo Nordisk A/S, already the global market leader in diabetic treatments, could jump into the top 10 global pharmaceutical companies in revenue terms over the next few years, while presently it is still a midsize company compared with its peers and specializes almost exclusively on diabetes treatments," said Standard& Poor's credit analyst Olaf Toelke.

  • COPENHAGEN, Oct 4- The value of retail purchases with the Danish national debit card, Dankort, grew 4.8 percent in September from a year earlier to 24.5 billion Danish crowns, card payment services firm Nets said on Thursday.

  • For more on the company, double click TELIASONERA. "As a company you have a responsibility to ask questions, and my impression is that TeliaSonera has not really thought through how things work in this kind of countries," Szyber said.

  • For more on the company, double click TELIASONERA. "As a company you have a responsibility to ask questions, and my impression is that TeliaSonera has not really thought through how things work in this kind of countries," Szyber said.

  • *Benchmark euro interbank rates hit record lows. ADVISORY- Reuters plans to discontinue its daily report on the money markets in New York as of Oct. 15.

  • *To transfer sales staff from South Europe to South America. AARHUS, Denmark, Oct 3- Ailing Danish wind turbine manufacturer Vestas said on Wednesday it is stopping all non-profitable projects as it battles worsening prospects by slashing costs and jobs to lift medium-term operating margins to high single digit levels.