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  • Danske Bank commissioned the probe last year after reports of dirty money flowing through its Baltic subsidiary including from family members of Russian President Vladimir Putin. The findings published Wednesday show that some 200 billion euros moved through its unit in Estonia. Danske Bank said the probe "has analyzed a total of some 6,200 customers found...

  • VILNIUS, Lithuania— Walmart has agreed to remove shirts with Soviet emblems from its online shop after three Baltic countries complained about the clothing, Lithuanian authorities said Tuesday. Estonia, Latvia, and Lithuania were forcibly annexed by Moscow in 1940 and remained part of the Soviet Union until its collapse in 1991, except for a brief occupation...

  • LONDON, Sept 14- Gold edged higher on Friday, lifted by a weaker dollar, but gains were tempered by expectations of a U.S. rate hike later this month. Spot gold was up 0.4 percent at $1,206.01 an ounce by 1000 GMT, having hit its highest since Aug. 28 at $1,212.65 on Thursday. "We've seen quite a bit of weakness in the dollar which has supported gold, but we're not out of the...

  • COPENHAGEN, Denmark— Denmark's top court has confirmed that four drivers should be fined for working for Uber in the Scandinavian country, paving the way for some 1,500 other Uber drivers to be prosecuted for illegally operating taxis. The Supreme Court confirmed Friday lower courts' rulings fining the men, who were not named. Denmark introduced a law in...

  • COPENHAGEN, Denmark— The CEO of Swedish automaker Volvo Cars, owned by China's Geely holding company, says "the timing right now is not optimal" for an initial public offering, citing "an escalating trade war, tariffs and market volatility." CEO Hakan Samuelsson added in a mail to The Associated Press on Tuesday that "an IPO remains an option but there is no fixed...

  • STOCKHOLM— Voters handed Sweden's ruling party its worst-ever election result Sunday and delivered a parallel lift to a far-right party with white supremacist roots, leaving the ideological outline of the Scandinavian country's next government uncertain. The potential for an immigration backlash to result in a big boost for the far-right Sweden...

  • LONDON, Sept 7- The United States should deploy tools to curb unwise mortgage lending and banks' excessive risk-taking, similar to those used by the Bank of England, former Federal Reserve Vice Chairman Donald Kohn said on Friday. Kohn, who now serves on the Bank of England's Financial Policy Committee, told a conference in Copenhagen that too many countries...

  • VILNIUS, Lithuania— Three Baltic countries have lashed out at retail giant Walmart for selling online T-shirts and other products with Soviet Union emblems on them, and demanded that the goods be removed. Estonia, Latvia, and Lithuania were forcibly annexed by Moscow in 1940 and remained part of the Soviet Union until its collapse in 1991, except for a brief...

  • STAVANGER, Norway, Aug 28- Drilling rig contractor Maersk Drilling will provide strong competition for its peers when it is spun off from the A.P. Moller-Maersk said on Aug. 17 it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus entirely on transport and logistics.

  • *EU wheat exports to drop as market seeks Russia alternative. The severe weather in Europe has coincided with adverse growing conditions in other major grain producing zones such as Russia and Australia, raising the risk that supplies in exporting countries will be eroded to their smallest in years. Germany endured its highest summer temperatures in over a...

  • *To list the unit in Copenhagen in 2019. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus entirely on transport and logistics. Maersk, which cut its full-year profit outlook this month, sold Maersk Oil to French oil major Total last year in a...

  • *To list the unit in Copenhagen in 2019. COPENHAGEN, Aug 17- Danish shipping company A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year as it focuses entirely on transport and logistics.

  • COPENHAGEN, Aug 17- Danish shipping company A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year as it focuses entirely on transport and logistics. The Danish company, which cut its full-year profit outlook this month, last year sold Maersk Oil to French oil major Total in a $7.5 billion deal as...

  • COPENHAGEN, Aug 17- Danish shipping company A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list the unit in Copenhagen next year. The Danish company cut its full-year profit outlook this month and as part of a major restructuring last year sold its oil and gas business, Maersk Oil, to Total in a $7.5 billion deal that saw it...

  • China is now our largest country for revenue and profit: Carlsberg CEO

    Cees 't Hart speaks about the Danish brewer's latest earnings release and its Russia business.

  • *Pandora CEO ousted after profit warning earlier this week. COPENHAGEN, Aug 9- Danish jeweler Pandora ousted its chief executive on Thursday to try to regain investor confidence after the company said this week it would cut jobs and warned on profits. Shares in Pandora, known for its silver charm bracelets, rose as much as 9 percent on the news and as it appointed...

  • *Agrees to buy Lincoln Clean Energy in $580 million deal. COPENHAGEN, Aug 9- Danish energy group Orsted has agreed to buy U.S. onshore wind farm developer Lincoln Clean Energy in a $580 million deal, aiming to gain a foothold in what it sees as a key growth market. Orsted, which has so far mainly developed offshore wind farms in Europe, said the global market for onshore...

  • A lab technician at Novo Nordisk conducts in vitro research in Malov, Denmark.

    Denmark's Novo Nordisk posted second-quarter operating profit broadly in line with forecasts on Wednesday, but said prices in the key U.S. market would be lower next year.

  • *Sees 2018 EBITDA of $3.5- $4.2 bln, down from $4- $5 bln. *Analysts' mean forecast had already fallen to $3.7 bln. The company now expects earnings before interest, tax, depreciation and amortization of between $3.5 billion and $4.2 billion this year, down from the $4.0- $5.0 billion seen previously.

  • *Jewelry company lowers sales and margin guidanceTo cut almost 400 jobsHit by pressures in China, UK and US markets. The world's largest jeweler by production volume, Pandora earlier this year warned of thinner margins due to slowing mall traffic in the United States and British markets, a lack of new products, and lower prices in China. Pandora owns nearly 2,600...