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Apr 2, 2015

Insight – Iceland prepares to come in from the financial cold

REYKJAVIK (Reuters) – After more than six long and lonely years, Iceland is hoping its financial isolation will soon be over.

The North Atlantic nation, whose spectacular 2008 meltdown came to symbolise the greed and mismanagement of the global financial system, is expected to begin unwinding the bankruptcies of its three main banks and lifting controls on the movement of capital in and out of the island within months.

Apr 2, 2015

Iceland prepares to come in from the financial cold

REYKJAVIK, April 2 (Reuters) – After more than six long and
lonely years, Iceland is hoping its financial isolation will
soon be over.

The North Atlantic nation, whose spectacular 2008 meltdown
came to symbolise the greed and mismanagement of the global
financial system, is expected to begin unwinding the
bankruptcies of its three main banks and lifting controls on the
movement of capital in and out of the island within months.

Mar 6, 2015

Iceland central bank sees move towards lifting capital controls soon

COPENHAGEN, March 6 (Reuters) – Iceland’s central bank will
make a “significant” move towards lifting capital controls soon,
although a final settlement on how foreign creditors of
collapsed banks get repaid is yet to be found, its governor told
Reuters on Friday.

Iceland imposed capital controls in 2008 after a financial
meltdown following the collapse of three major banks that
brought the north Atlantic island to the brink of bankruptcy.

Mar 4, 2015

Bavarian Nordic shares leap on $1 bln Bristol-Myers deal

COPENHAGEN, March 4 (Reuters) – Bavarian Nordic
has struck a prostate cancer drug deal with Bristol-Myers Squibb
that could be worth $1 billion should its trials, part
of a new field in cancer treatment, be successful.

Shares in the Danish company soared and by 0950 GMT they
were trading at 282 Danish crowns ($42), up 33 percent. The jump
added over $260 million to its market value of $880 million.

Feb 25, 2015

Maersk to hand $6.6 bln to investors after selling Danske stake

COPENHAGEN, Feb 25 (Reuters) – Danish shipping and oil group
A.P. Moller-Maersk will hand shareholders a $6.6
billion windfall in dividends this year after it sells its 20
percent stake in Denmark’s biggest bank Danske.

Analysts had expected Maersk to announce the divestment of
some assets on Wednesday as part of its strategy of focusing on
its core shipping and oil divisions – but the Danske Bank stake
had not been among the anticipated sales.

Feb 17, 2015

Danish police thought gunman not likely to attack

COPENHAGEN (Reuters) – Danish authorities had a Copenhagen gunman in their sights even before his attacks on Saturday but did not consider him a threat, police said on Tuesday, even as reports emerged that he had served time in prison with a Muslim radical.

The gunman, reported in Danish media to be Omar Abdel Hamid El-Hussein, was known for violence and gang activity, and served time in jail for stabbing a man. But intelligence services concluded there was no risk of an attack even as prison officials raised the alarm that his behaviour was changing.

Feb 17, 2015

Copenhagen attacks challenge soft Nordic approach to radicals

COPENHAGEN (Reuters) – Known for a soft approach to security that emphasises helping radical Muslim youths with housing and jobs, Denmark may face pressure after the Copenhagen attacks to prioritise tougher laws and more resources for the police.

The weekend’s deadly shootings at a cafe and synagogue came at a time when the Nordic countries, worried about an increasing number of immigrant youths travelling to fight in Iraq or Syria, have already been considering tougher laws.

Feb 17, 2015

Defiant Danes march after gunman attacks Copenhagen

COPENHAGEN (Reuters) – Tens of thousands of Danes gathered at torch-lit memorials around the country on Monday, commemorating victims of deadly attacks on a synagogue and an event promoting free speech that shocked a nation proud of its record of safety and openness.

Singing John Lennon’s Imagine, defiant Danes promised to uphold their trademark open society and showed solidarity with the country’s Muslim minority after reports the gunman was a Dane with Palestinian roots and a passion for Islamist issues.

Feb 17, 2015

Copenhagen shooter’s neighbourhood no stranger to tension

COPENHAGEN (Reuters) – Every Dane knows of Norrebro, the Copenhagen neighbourhood where police shot dead the gunman suspected of carrying out attacks on a synagogue and a free speech event that shocked the country.

Blighted by protests and gang warfare, the area is a cauldron of cultures and ethnicities in sharp contrast to more homogenous regions of Copenhagen and has suffered from a bad, some residents would say overblown, reputation.

Feb 16, 2015

Police arrest two on suspicion of aiding Copenhagen shooter

COPENHAGEN (Reuters) – Danish police have arrested two people on suspicion of aiding a gunman in deadly attacks on a synagogue and an event promoting free speech at the weekend that have shocked a nation proud of its record of safety and openness.

A 22-year-old gunman opened fire on a cafe in Copenhagen hosting a free speech debate on Saturday, killing one, and attacked a synagogue, killing a guard. The man was later shot dead by police in his neighborhood of Norrebro, a poor and largely immigrant part of the city with a reputation for gang violence.