Sabina's Feed
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.

Oct 9, 2014

Maersk and MSC ship-sharing pact gets U.S. clearance

SINGAPORE/COPENHAGEN, Oct 9 (Reuters) – Top container
shipping companies A.P. Moller-Maersk and MSC
Mediterranean Shipping Co cleared the last regulatory hurdle to
launch a vessel-sharing pact, but companies that use their
services voiced concerns, particularly in China.

The tie-up won U.S. approval on Wednesday after four out of
five commissioners at the Federal Maritime Commission (FMC)
voted not to seek further information from the two shippers
about the impact of the alliance on exporters and ports, one of
the commissioners told Reuters.

Oct 7, 2014

Novozymes looks beyond the ‘fantasy fuel’ it helped to turn into reality

COPENHAGEN (Reuters) – When Denmark’s Novozymes first wondered in 2000 how its mass-produced enzymes could be used to make advanced biofuel, the industry did not exist and only now is the fruit of its labor emerging after years of being lampooned as a “fantasy fuel”.

But as commercial production of transportation fuel made from plant waste rather than valuable corn finally starts in the United States, Brazil and Europe, Novozymes has already turned its gaze towards bioplastics and even diapers.

Oct 2, 2014

Greenland votes to hold parliamentary election in November

Oct 1 (Reuters) – Greenland’s parliament voted on Wednesday
to hold an election on Nov. 28 after Prime Minister Aleqa
Hammond took a temporary leave of absence over a spending
scandal and the opposition lured enough of her supporters to
gain a majority.

The 31-seat assembly voted to hold the election, leader of
opposition Sara Olsvig told Reuters. Olsvig’s party holds a good
chance of winning, polls show, and replacing Hammond who had
been prime minister since April of last year.

Oct 1, 2014

Greenland appears headed for new election, opposition claims majority

COPENHAGEN, Oct 1 (Reuters) – The leader of Greenland’s top
opposition party said on Wednesday enough parliamentarians have
crossed over to her side to bring about fresh elections after
the prime minister took a leave of absence in a dispute over her
use of public finances.

The political turmoil is likely to paralyse the government
at a critical juncture as international companies such as London
Mining Plc LOND.L and Greenland Minerals and Energy GGG.AX are
considering opening iron ore and rare earth mines.

Sep 30, 2014

Greenland PM’s leave creates uncertainty for fledgling mining industry

COPENHAGEN, Sept 30 (Reuters) – Greenland’s prime minister
narrowly avoided a vote of no confidence on Tuesday but will
temporarily leave office while auditors investigate whether she
misused state funds, casting uncertainty over the country’s
fledgling minerals sector.

The turmoil is likely to paralyse the government at a
critical juncture as international companies such as London
Mining Plc and Greenland Minerals and Energy
are considering opening iron ore and rare earth mines.

Sep 24, 2014

Maersk to invest billions, reap savings, but no cash for shareholders

COPENHAGEN, Sept 24 (Reuters) – Denmark’s A.P. Moller-Maersk
said on Wednesday it would invest billions of dollars in new
ships, reap hundreds of millions in savings and announced
valuable contracts for its drilling rigs.

But shares of the world’s largest container shipping company
fell more than 3 percent, partly because it failed to announce
any of the initiatives the market had anticipated for its
investor day in Copenhagen.