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Nov 6, 2015

Maersk profit halves, cuts global sea trade forecast

COPENHAGEN, Nov 6 (Reuters) – Shipping and oil conglomerate
A.P. Moller-Maersk said on Friday third-quarter
profit almost halved and global demand for container
transportation this year would grow at a slower pace than
previously expected.

The Danish company, which operates the largest container
shipping business in the world, kept a reduced forecast made two
weeks ago for a 2015 underlying profit of $3.4 billion, down
from the $4.0 billion previously expected.

Nov 4, 2015

Maersk Line slashes costs, jobs as Asia-Europe trade weakens

COPENHAGEN, Nov 4 (Reuters) – Maersk Line, the world’s
largest container shipping company, said on Wednesday it will
slash costs, cut staff by almost a fifth and pull out of vessel
orders as trade along the busiest routes in the world, from Asia
to Europe, slows down.

The business, part of the A.P. Moller-Maersk conglomerate
, is a bellwether for global trade and the shipping
industry, which is run mainly by unlisted companies not required
to make their assessments or financial circumstances public.

Oct 22, 2015

Novozymes trims full-year forecasts in line with expectations

COPENHAGEN, Oct 22 (Reuters) – Denmark’s Novozymes
, the world’s largest industrial enzymes maker,
trimmed its full-year forecasts on Thursday to levels seen as
more realistic by analysts after reporting third-quarter results
broadly in line with expectations.

The company makes enzymes used products including washing
detergents, biofuels and in agriculture. Its biggest division,
household items, has long been sluggish as washing powder makers
cut back on the use of enzymes to lower their costs.

Sep 24, 2015

Outburst of compassion in Europe puts lid on far right -for now

COPENHAGEN (Reuters) – European far right parties have called refugees streaming into the region “terrorists”, a “ticking time bomb”, a Muslim “invasion” that will bankrupt nations and undermine the continent’s Christian roots.

For now, that has hardly helped their dreams of winning power in elections. In many countries they have found themselves out of step with a wave of public compassion for refugees, prompted by images like that of drowned toddler Aylan Kurdi, washed up on a Turkish beach in August.

Sep 7, 2015

Refugee crisis spills to Denmark, government hopes moves on to Sweden

COPENHAGEN (Reuters) – Europe’s refugee crisis spilled into Denmark on Monday as some 800 people entered the country from Germany and tried to head to Sweden while politicians argued about Copenhagen’s immigration policies.

Prime Minister Lars Lokke Rasmussen told journalists after an emergency meeting of political party leaders that most of the 800-1,000 refugees who had come to Denmark since Saturday would not seek asylum in the country.

Jul 28, 2015

Statoil Q2 profit beats forecast; keeps dividend

OSLO, July 28 (Reuters) – Norway’s Statoil
reassured investors on Tuesday by maintaining its dividend for
the second and third quarters after posting better-than-expect
results, despite taking a hit from the slump in oil prices.

The oil major recovered from a surprise net loss in the
first quarter thanks to a strong performance in its oil refining
segment and higher Norwegian oil production. It trimmed its
capital expenditure target this year but kept other forecasts.

Jul 1, 2015

As populists surge, Nordic consensus politics fray

COPENHAGEN/STOCKHOLM (Reuters) – A policy impasse in Sweden and a newly installed but fragile minority government in Denmark are the latest signs that the Nordic political consensus model is fraying at the hands of eurosceptic and anti-immigration parties.

Danish Liberals leader Lars Lokke Rasmussen was forced to form a minority government with just 34 seats of 179 in parliament after failing to strike a coalition deal with the eurosceptic Danish People’s Party (DF) over the weekend.

Jun 19, 2015

Danes ride euroskeptic wave as kingmaker party sticks to referendum line

COPENHAGEN (Reuters) – A wave of euroskepticism spreading across Europe reached Denmark on Friday, with the party cast as kingmaker after elections standing by demands for a referendum on EU membership as its price for joining a coalition government.

The Danish People’s Party (DF) surged to become the largest party in a center-right bloc in Thursday’s parliamentary ballot, when voters dumped a center-left coalition.

Jun 19, 2015

Danish centre-right opposition wins election, PM quits party

COPENHAGEN (Reuters) – Danish voters ousted Prime Minister Helle Thorning-Schmidt in an election on Thursday and handed power to an opposition centre-right alliance including huge gains for a eurosceptic, anti-immigrant party.

Opposition leader Lars Lokke Rasmussen said he would try to form a government but is likely to have to make big concessions to ensure support from the right-wing Danish Peoples’ Party (DF), which ended up with more votes than his Liberal Party.

Jun 19, 2015

Opposition heads for Denmark election victory in boost to far right

COPENHAGEN (Reuters) – An opposition centre-right alliance led by former prime minister Lars Lokke Rasmussen was poised to take power in Denmark after an election on Thursday that also gave a big boost to an anti-immigration, right-wing party.

With all of the votes counted on the mainland, state broadcaster DR projected 90 seats for the opposition coalition in parliament to 85 seats for the ruling centre-left bloc of Prime Minister Helle Thorning-Schmidt, who wrongly gambled that an economic upturn would win her re-election.