Sabina's Feed
Jan 30, 2015

Novo bullish on 2015 goals, untroubled by U.S. competition

COPENHAGEN, Jan 30 (Reuters) – Danish insulin maker Novo
Nordisk said it not expect significant pressure this
year on its business in the United States, where rivals are
fighting for its market share, after reporting on Friday a
stronger fourth quarter than expected.

While French rival Sanofi said sales in its U.S.
diabetes segment would stall this year due to price competition,
Novo Nordisk appeared less concerned.

Jan 20, 2015

Denmark vows to keep currency peg, likely to cut rates on Thursday

COPENHAGEN, Jan 20 (Reuters) – Denmark’s political and
central banking establishment is uniting in a campaign to kill
speculation that the country might follow Switzerland in
scrapping a currency link to the euro.

With markets expecting upward pressure on the Danish crown
to persist, most analysts predict an interest rate cut as soon
as Thursday – which would be the second this week – if the
European Central Bank moves to stimulate the euro zone economy.

Jan 20, 2015

Buyback and profit beat lift Novozymes to new high

COPENHAGEN, Jan 20 (Reuters) – 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.

The company, which makes enzymes to speed up or improve
biological processes in a range of industries, said on Tuesday
solid demand from its detergents and food and drink customers
would help to offset any slowdown in biofuels.

Dec 3, 2014

Greenland parties in coalition talks, mining in focus

COPENHAGEN (Reuters) – Greenland’s two main parties, who disagree on mining regulations that could impact foreign investment, are in coalition talks following an election last week, one of them said on Wednesday.

Greenland’s 56,000 people voted on Friday in a snap election called after an expenses scandal involving the former prime minister Aleqa Hammond.

Nov 29, 2014

Greenland’s ruling party to seek coalition after narrow election win

COPENHAGEN, Nov 29 (Reuters) – Greenland’s ruling Siumut
Party narrowly won a snap election, results showed on Saturday,
but its new leader Kim Kielsen will need to build a coalition to
form a government to deal with a shrinking economy and reassure
foreign investors.

The fall of premier Aleqa Hammond last month in an expenses
scandal has muted a nationalist rhetoric that promised
independence from Denmark based on wealth from some of the
largest mineral deposits on earth.

Nov 28, 2014

Mining, independence at stake as Greenland goes to the polls

NUUK/COPENHAGEN (Reuters) – Greenlanders go to the polls on Friday with hopes for a mineral-rich independence from Denmark foundering on the reality of a tiny, shrinking economy.

The fall of premier Aleqa Hammond last month in an expense scandal has muted the nationalist rhetoric that promised independence based on wealth from some of the largest mineral deposits on earth.

Nov 20, 2014

Somali leader sees Islamist rebels out of towns by year-end

COPENHAGEN (Reuters) – Somalia’s president said on Thursday a military campaign would push Islamist al Shabaab fighters out of all towns and major territories by the end of the year, though the militants would still be able to mount guerrilla attacks.

African Union and Somali forces have already retaken many strategic towns and ports in recent months, cutting off al Shabaab’s route to the sea and revenue streams, while U.S. air strikes killed the group’s leader in September.

Nov 5, 2014

Danish farmers, hit by Russian ban, are a thorn in banks’ side

COPENHAGEN, Nov 5 (Reuters) – Danish banks’ rebounding
profits could prove short-lived as tumbling agricultural prices
and Russia’s ban on European food imports threaten to spark more
defaults among farmers who have borrowed billions of crowns.

The country’s top lenders reported better-than-expected
earnings for the third quarter, with its largest bank Danske
almost doubling profits and promising higher
dividends amid overall lower loan losses and cost cuts.

Oct 30, 2014

Novo Nordisk reassures on 2015 outlook after Sanofi jolt

COPENHAGEN (Reuters) – Novo Nordisk reassured investors that its diabetes drugs business in the United States would continue to grow, after French rival Sanofi warned that price competition would hamper its U.S. sales.

The Danish insulin manufacturer said it expected high single-digit sales growth in its global business next year and a 10 percent rise in operating profit, after posting third-quarter results more or less in line with analysts’ expectations.

Oct 27, 2014

EU must prepare for Russia’s ‘hybrid warfare’: Danish formin

COPENHAGEN (Reuters) – Russia poses no direct military threat to the European Union but its intervention in Ukraine is a type of ‘hybrid warfare’ the bloc should fight using coordinated energy policy and media to counter “massive propaganda”, Denmark’s foreign minister said on Monday.

Martin Lidegaard has traveled three times to Kiev over a year that has seen the toppling of a Moscow-leaning president and the outbreak of a pro-Russian rebellion in Ukraine’s eastern region. The conflict has killed over 3,700 people.