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Denmark

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  • Danske Bank CFO: Pleased with 2014 results   Tuesday, 3 Feb 2015 | 5:20 AM ET
    Danske Bank CFO: Pleased with 2014 results

    Henrik Ramlau-Hansen, CFO of Danske Bank, is positive about the company's results and discusses bank closures.

  • Danske Bank CFO on Denmark's rate cut   Tuesday, 3 Feb 2015 | 5:20 AM ET
    Danske Bank CFO on Denmark's rate cut

    Henrik Ramlau-Hansen, CFO of Danske Bank, discusses Denmark's recent interest rate cut and how it has affected business.

  • Despite woes, Russia optimistic on economic outlook Saturday, 31 Jan 2015 | 11:29 PM ET

    Russia's economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts' forecasts of a 4-5 percent drop.

  • MOSCOW, Jan 31- Russia's economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts' forecasts of a 4-5 percent drop. The economy has been hit by a sharp fall in oil prices and by sanctions imposed on Moscow for its role in the Ukraine crisis, leaving Russia facing its first year of recession...

  • MOSCOW, Jan 31- Russia's economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts' forecasts of a 4-5 percent drop. The economy has been hit by a sharp fall in oil prices and sanctions imposed on Moscow for its role in the Ukraine crisis, leaving Russia facing its first year of recession...

  • Marlboro maker Altria's profit more than doubles Friday, 30 Jan 2015 | 12:01 PM ET
    Altria

    Marlboro maker Altria's profit more than doubled in the fourth quarter on higher cigarette prices and lower costs for paying down debt.

  • The case for buying negative yield bonds Tuesday, 27 Jan 2015 | 8:25 PM ET

    Buying negative-yield bonds -- or paying for the privilege of lending money -- may look like a sucker's game, but some see the opportunity for profits.

  • Why Denmark won’t ‘pull a Switzerland’ Monday, 26 Jan 2015 | 5:44 PM ET
    A Danish 2 kroner coin

    After Switzerland's surprise move to unpeg its franc, speculators are eyeing Denmark's currency peg, but the Danes likely won't follow suit, analysts say.

  • *S&P cuts Russia's sovereign credit rating. MOSCOW, Jan 26- Ratings agency S&P cut Russia's sovereign credit rating to below investment grade, or "junk" status, on Monday for the first time in a decade. S&P said in a statement it had cut the rating from BBB- to BB+, with a negative outlook, and that Russia's economic growth prospects- hit by low oil prices and Western...

  • Currency war: Who will be the casualties? Friday, 23 Jan 2015 | 9:45 AM ET
    An employee counts fifty euro banknotes at his desk inside a Travelex store, operated by Travelex Holdings in London.

    Central banks are in combat mode. On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India.

  • Currency flows into Denmark have picked up on speculation that it will abandon the crown's peg to the euro, after the Swiss National Bank removed its cap on the franc last week. "The weakening of the crown will somewhat lessen the need to cut rates today," said Niels Christensen, FX strategist at Nordea, Copenhagen. Interventions often precede rate cuts in Denmark,...

  • LONDON, Jan 22- The Danish crown eased against the euro on Thursday, as investors positioned for a second interest rate cut this week from Denmark's central bank as it steps up its fight to ward off upward pressure on the currency. "Investors are alert for a possible rate cut in Denmark," said Niels Christensen, FX strategist at Nordea, Copenhagen.

  • *Denmark likely to cut rates if ECB starts quantitative easing. But some also believe the Danish National Bank may eventually have to loosen the straitjacket in which it holds the crown against the common currency, while keeping within trading bands agreed with the European Union. But in Copenhagen, politicians and officials alike are keen to get the message...

  • *2014 operating profit 3.38 bln DKK vs forecast 3.33 bln. *Sees 2015 operating profit up 12-14 pct. COPENHAGEN, Jan 20- Danish enzymes maker Novozymes beat 2014 profit forecasts and said it would return cash to shareholders, sending its stock to a record high and calming investor fears that lower oil prices would hit its biofuels business.

  • LONDON, Jan 19- Denmark's move to lower interest rates deeper into negative territory on Monday had only a fleeting effect on the Danish crown, but speculation is growing that the currency's long-standing peg to the euro may be threatened in coming days. If the crown appreciates to its upper limit, both the Danish National Bank and the European Central Bank are...

  • GLOBAL MARKETS-Draghi drives euro to 4-1/2 year low Friday, 2 Jan 2015 | 4:36 AM ET

    LONDON, Jan 2- The euro took another downward lurch on Friday, sinking to a 4-1/ 2 year low against the dollar on clear indications that the European Central Bank will soon embark on outright money-printing. Stock markets in Europe turned lower after initial gains, driven by a downward revision of purchasing manager surveys for France and the euro zone as a whole.

  • According to the median of 11 economists' predictions, gross domestic product will fall 3.6 percent in 2015. After growth of just 0.5 percent this year, the recession will challenge President Vladimir Putin's promise last week that Russia can eventually recover from what he called "tough times". At the start of this year analysts forecast the economy would...

  • OTTAWA, Dec 8- Canada, accused by environmentalists of lack of action in the fight against climate change, said on Monday it has no chance of meeting its 2020 target for cutting greenhouse gas emissions unless it takes further steps. Under the 2009 Copenhagen Accord, Canada promised to cut emissions by 17 percent below 2005 levels by 2020. That means the country's...

  • DIARY- Top Economic Events to Dec 19 Friday, 5 Dec 2014 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on economic outlook and monetary policy before the Council for Quality Growth- 1730 GMT. LONDON- Bank of England holds quarterly financial policy committee meeting. BRUSSELS- Meeting of euro zone finance ministers to discuss 2015 draft budgets.

  • DIARY - Top Economic Events to Dec 17 Thursday, 4 Dec 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Bank of Cleveland President Loretta Mester gives a morning keynote before the 2014 Financial Stability Conference hosted by the Federal Reserve Bank of Cleveland and the Office of Financial Research- 1345 GMT. WASHINGTON- U.S. Treasury Office of Financial Research Director Richard Berner gives a luncheon speech before the 2014...