Europe Top News and Analysis Denmark

  • The offshore wind market in Japan is said to be "gaining momentum", according to Orsted.

  • *India has been investigating antitrust violations at Mumbai port. NEW DELHI, Jan 18- India's antitrust watchdog has ordered Denmark's A.P. Moller-Maersk and Dubai's DP World to withdraw certain customer advisories which it said could hamper growth of the country's largest container port in Mumbai, a document seen by Reuters showed.

  • *Panalpina to consider 170 franc per share proposal. ZURICH/ COPENHAGEN, Jan 16- Denmark's DSV has made a $4.1 billion takeover approach to Swiss rival Panalpina to try to close the gap on the world's top three freight transport companies. DSV's approach to Panalpina comes just months after it failed in an attempt to buy Switzerland's Ceva Logistics.

  • ZURICH/ COPENHAGEN, Jan 16- Danish freight company DSV has launched a bid to buy Swiss rival Panalpina for around 4 billion Swiss francs after pressure from an activist investor for Panalpina to do a deal. Activist investor Cevian Capital, which owns 12.3 percent of Panalpina, said last year it wanted the company to be open for a takeover amid its struggles in ocean...

  • ZURICH, Jan 16- Denmark's DSV launched a bid to buy Swiss logistics company Panalpina for around 4 billion Swiss francs, according to Reuters calculations, after pressure from an activist investor for Panalpina to do a deal. Activist investor Cevian Capital, which owns 12.3 percent of Panalpina shares, said last year it wanted the company to be open for a takeover...

  • *China reports slump in import/export data. *Despite weak trade data, China oil imports stay above 10 mln bpd. *OPEC- led supply cuts also provide oil with some support.

  • *China reports weakest import/export data since 2016. SINGAPORE, Jan 14- Brent crude oil prices fell below $60 per barrel on Monday after Chinese data showed weakening imports and exports in the world's biggest trading nation. Ole Hansen, head of commodity strategy at Denmark's Saxo Bank, said "the deterioration seen recently in forward-looking economic data...

  • Jan 11- Enel and SEAS-NVE are among at least four bidders for the Danish power distributor and residential customer businesses being sold by energy group Orsted that could be worth about 2.5 billion euros, several sources said. A deal would help Enel diversify from Latin America and Southern Europe, one source said. The cut-off price to reach the second round was...

  • COPENHAGEN, Jan 11- Danske Bank, which is embroiled in a major money laundering case linked to its Estonian branch, may come under formal investigation for a second time in France, it said on Friday. Danske Bank is already under investigation by authorities in Denmark, Estonia, Britain and the United States over suspicious payments totalling 200 billion euros...

  • COPENHAGEN, Jan 10- Bill Browder, founder and CEO of investment fund Hermitage Capital Management, said on Thursday he had asked French authorities to investigate Danske Bank over alleged money laundering, rather than treating it as a witness. Danske Bank is already under investigation by authorities in Denmark, Estonia, Britain and the United States over...

  • The Australian Federal Police emblem seen during a 2014 press conference.

    Australian police said on Thursday they had arrested a 48-year-old man for sending as many as 38 suspicious packages to diplomatic embassies and consulates across the country.

  • COPENHAGEN, Dec 21- The Danish Tax Agency said on Friday it had subpoenaed a foreign pension fund, later identified as Canada's Health Care of Ontario Pension Plan, saying the fund had received dividend tax rebates it was not entitled to. The fund, whose members are healthcare workers in the country's most populous province of Ontario, said it has invested in...

  • *Iran talking to Europe on finance routes, says official. LONDON/ DUBAI, Dec 21- Cargill, Bunge and other global traders have halted food supply deals with Iran because new U.S. sanctions have paralysed banking systems required to secure payments, industry and Iranian government sources say. Many smaller banks that had dealt with Iran under a previous round of...

  • COPENHAGEN, Dec 20- Danske Bank, at the center of an international investigation into alleged money laundering, cut its 2018 outlook on Thursday for the second time this year, citing challenging market conditions on financial markets. Denmark's biggest lender said it expects net profit for the year of around 15 billion Danish crowns, down from the 16-17 billion...

  • More wind farms are set to be built across Spain in 2019 than in any previous year, the APPA association of renewable energy companies calculates, surpassing a pre-recession boom in 2008 and putting unprecedented pressure on the supply chain. We can really sense the urgency, " Enrique Pedrosa Gomez, Siemens Gamesa's CEO for southern Europe and Africa onshore,...

  • TALLINN, Dec 19- Estonia has made the first arrests in a money laundering scandal involving Denmark's Danske Bank, detaining 10 former employees at the bank's Estonian branch, the state prosecutor said Wednesday. Authorities in Denmark, Estonia, Britain and the United States are investigating payments totalling 200 billion euros made through the Danish...

  • LONDON, Dec 18- The British government has held talks with shipping firms to secure back-up vessels in case Britain exits the European Union with no trade deal but it is unlikely to make progress as most ships are booked for other business, industry sources say. If Britain leaves the EU on March 29 without a trade deal, extra ships will be needed to work new routes...

  • NEW DELHI, Dec 17- Dubai's DP World has approached an Indian court to quash an antitrust investigation recently ordered to probe its alleged anti-competitive behavior at the country's largest container port in Mumbai, a legal document reviewed by Reuters showed. The Competition Commission of India last month said it suspected alleged antitrust violations...

  • Authorities in Denmark, Estonia, Britain and the United States are investigating payments totalling 200 billion euros made through Danske Bank's tiny Estonian branch between 2007 and 2015.. The threat of a heavy fine from the U.S. Department of Justice has sent Danske's shares down almost 50 percent since March, erasing around $15 billion of market value and...

  • Authorities in Denmark, Estonia, Britain and the United States are investigating payments totalling 200 billion euros made through Danske Bank's tiny Estonian branch between 2007 and 2015.. The threat of a heavy fine from the U.S. Department of Justice has sent Danske's shares down almost 50 percent since March, erasing around $15 billion of market value and...