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Europe Top News and Analysis Denmark

  • 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.

  • BALTIMORE-- Johns Hopkins University says it will lead an international team of researchers studying how to improve wind farm design. The university said Tuesday that the National Science Foundation has awarded $6 million in grants to help fund the work.

  • LONDON, Oct 3- Finland's export credit agency Finnvera is set to become the country's latest sub-sovereign issuer when it executes its first transaction under a new euro medium-term note programme later this year.

  • LONDON, Oct 3- Key Euribor and Libor bank-to-bank rates hit fresh record lows on Wednesday, as the huge volume of cash pumped into the banking system by the European Central Bank and the prospect of further cuts in its interest rates extended a year-long slide.

  • *Nordic spot price for Thursday rise to 32.6 euros/ MWh. OSLO, Oct 3- Nordic spot power price rose on higher exports to Germany and lower supply from wind power while consumption was expected to increase as temperatures head down, analysts said.

  • LONDON, Oct 3- Key Euribor bank-to-bank lending rates hit fresh record lows on Wednesday, as the huge volume of cash pumped into the banking system by the European Central Bank and the prospect of further cuts in its interest rates extended a year-long slide.

  • COPENHAGEN, Oct 3- Danish wind turbine manufacturer Vestas expects to achieve a medium term operating margin in the high single digits, its chief financial officer said at the group's capital markets day on Wednesday.

  • HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The government, which owns 13.5 percent of Nordea's shares, has been clear it wants to sell its stake and has a mandate from the parliament. It already sold 6.3 percent of Nordea shares in February 2011.

  • HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The Oslo- listed oil driller said it plans to replace Chief Executive Alf Thorkildsen with Fredrik Halvorsen, the head of its Archer affiliate, and is looking to relocate management outside Norway.

  • BRISBANE, Calif.-- InterMune Inc. said Tuesday that Canadian regulators approved its lung-disease drug Esbriet. InterMune said Health Canada approved Esbriet as a treatment for mild-to-moderate idiopathic pulmonary fibrosis in adults.

  • JERUSALEM-- He has been the poster boy for Israel's powerhouse technology industry and a leading proponent of a great dream _ to end the world's addiction to oil. But on Tuesday, Shai Agassi stepped down as chief executive of Better Place, the Israel- based electric car company he founded with great fanfare five years ago.

  • JERUSALEM, Oct 2- Electric car venture Better Place said it had replaced chief executive officer Shai Agassi with the CEO of its Australia unit, five years after Agassi founded the company. Agassi set up Better Place with the aim of using new technology to make electric cars more affordable and more convenient than gasoline-powered cars.

  • COPENHAGEN, Oct 2- Denmark's foreign exchange reserves, a monetary policy tool, fell by 0.9 billion crowns in September to 513.5 billion Danish crowns, the central bank said on Tuesday. The Nationalbank said it intervened in the foreign exchange market in September, buying a net 0.6 billion crowns for other currencies to steady the crown in line with its mandate.