Europe Top News and Analysis Denmark

  • BRUSSELS- RUSSIA'S NOVAK SAYS WE EXPECT POSITIVE DECISION FROM DENMARK ON NORD STREAM -2.

  • BONN, Sept 18- A banker at the center of a trading scheme German prosecutors say resulted in hundreds of millions of euros of illegitimate tax rebates told a court the scheme had taken on an "industrial scale" involving a network of banks and other institutions. Martin Shields, a former investment banker, said that a web of banks, investors and brokers had organized...

  • IN THE BALTIC SEA, Sweden, Sept 16- With each 24- tonne steel pipe laid on the seabed of the Baltic Sea, the vessel Solitaire is edging closer to what could be a costly hold-up for the Russian-led gas pipline project which has divided the European Union. The crew onboard the Solitaire expect to reach Danish waters early next month, but Denmark has yet to approve the...

  • COPENHAGEN, Sept 16- Denmark's Lundbeck has agreed to buy Alder BioPharmaceuticals in a deal valued at almost $2 billion, hoping to reap profits from a potential blockbuster migraine drug. It submitted a licence application for its eptinezumab antibody to the FDA in February. Lundbeck expects the drug, used in intravenous infusion therapy, to be launched in the...

  • COPENHAGEN, Sept 16- Denmark's Lundbeck will buy U.S. drug developer Alder BioPharmaceuticals in a deal valued at almost $2 billion. Alder, whose board has unanimously approved the takeover, develops preventative treatments of migraine in adults and has submitted a Biologics License Application for its eptinezumab antibody to the FDA in February this year.

  • Casper Klynge, the world's first 'Tech Ambassador' for a nation, discusses how he will use his new role to work with Big Tech in Denmark.

  • LONDON, Sept 13- The European Central Bank doubled down on its negative rate policy on Thursday, meaning banks will now have to pay 0.5% interest simply for depositing much of their spare cash with it- an attempt to make them lend more to kickstart the economy. While such a policy is widely considered valid only for economies in Europe and Japan with chronically low...

  • *France imposes own digital tax as EU initiave stalled. PARIS, Sept 12- Google agreed to pay close to 1 billion euros to French authorities to settle a fiscal fraud probe that began four years ago in a deal that may create a legal precedent for other large tech companies present in the country. "to settle once for all these past disputes," said Antonin Levy, one of...

  • In the sluggish economic landscape that has persisted in the wake of the financial crisis a decade ago, five central banks around the world have adopted negative interest rates, including the two largest after the Fed: the European Central Bank and the Bank of Japan. "What good has it done there in Europe?" said Mary Ann Hurley, vice president of fixed income at D.A.

  • President Donald Trump has suggested that the U.S. He says his motivation was to refinance the U.S. government's $22 trillion in outstanding debt and lengthen the amount of time over which it is repaid. Once considered only for economies with chronically low inflation such as Europe and Japan, however, the idea is becoming a more attractive option for some other...

  • *EU must face up to more assertive China- new chief. BRUSSELS, Sept 10- The European Union must lead the fight against climate change, build ties with the United States and Africa and face up to a more assertive China, the incoming chief of the EU executive said on Tuesday. Von der Leyen's team will succeed that of Jean-Claude Juncker, who faced the aftermath of the...

  • LONDON, Sept 6- Copper failed to get fillip on Friday from China boosting bank lending because the trade dispute between the biggest metals consumer and the United States still weighed on the market. It raises the question of how much further the market can rally at this stage while the trade war is still on, "said Ole Hansen, head of commodity strategy at Saxo Bank in...

  • LONDON, Sept 5- Facebook's proposed Libra cryptocurrency falls into a "big gap" in European Union financial regulation at a time when the bloc's ability to tackle money laundering is already stretched, a top EU regulator said on Thursday. Jose Manuel Campa, chair of the European Banking Authority said it was necessary to "keep an eye" on cryptoassets like Libra.

  • COPENHAGEN, Sept 5- Danske Bank named Stephan Engels from Commerzbank as its finance chief on Thursday, the latest step by the Danish lender's new boss to restore trust after its involvement in a damaging money laundering scandal. Danske is under investigation in the United States and several other countries for payments totalling 200 billion euros through...

  • BONN, Sept 4- A British banker charged with fraud in Germany has agreed to reveal the workings of a share trading scheme which prosecutors allege cost the country 450 million euros in lost taxes, his lawyer said on Wednesday. The trial is the first in a wider investigation aimed at recovering billions from banks who profited from a scheme described by finance...

  • *Real estate firms rise on watered down Berlin rent cap. The pan-European STOXX 600 index rose 0.7% to hit its highest level since Aug. 2, building on the previous day's rally after both China and the United States indicated they were discussing the next round of negotiations in September. "Although things can change very quickly, so far it looks like we are heading...

  • LONDON, Aug 30- August has turned out to be another month of milestones for bond markets as an escalating trade conflict fans recession fears, pushing borrowing costs deeper and deeper into negative territory. Some $16 trillion of global debt, including corporate and sovereign bonds, now yield less than 0%, up from almost $13 trillion in early July.

  • LONDON, Aug 29- August has turned out to be another month of milestones for bond markets as an escalating trade conflict fans recession fears, pushing borrowing costs deeper and deeper into negative territory. Some $16 trillion of global debt, including corporate and sovereign bonds, now yield less than 0%, up from almost $13 trillion in early July.

  • Aug 28- Luxury jeweler Tiffany& Co on Wednesday reported quarterly earnings that beat estimates on a drop in marketing costs even as sales were hurt by lower spending by Chinese tourists in the United States and political unrest in Hong Kong. Protests disrupted traffic at Tiffany's stores in Hong Kong, prompting six days of unplanned closures.

  • Aug 28- Luxury jeweler Tiffany& Co on Wednesday reported quarterly earnings that beat estimates on increased spending by local customers in mainland China and a cut-back on marketing costs, even as declines in tourist spending in the United States dragged on sales. Chief Executive Alessandro Bogliolo told Reuters that while spending outside of China was...