Latest Denmark News
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Norwegian Government Fund makes further exclusions towards more ethical investments
Following a recommendation from the Council on Ethics for the Government Pension Fund – Global, Norway’s Ministry of Finance has excluded American company Textron Inc. Corporation from the fund. Keeping in line with Norway’s pledge towards ethical investment, the country has excluded nine producers of cluster weapons from the investment branch of the Fund on the basis ...
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Norwegian pension fund reconsiders Israel investments
Norway’s Ministry of Finance is referring to its Ethical Guidelines for the Norwegian Government Pension Fund – Global following the situation in Gaza. According to the current Guidelines, the Council on Ethics shall recommend exclusion of companies from the fund’s investment universe where they see a considerable risk of contributing to serious or systematic human ...
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Norway Global fund suffers 7.7 drop
Norway’s Government Pension Fund – Global recorded all-time low returns of -7.7 per cent in quarter three of 2008 (Q3 2008), 1.8 per cent lower than that on the benchmark portfolio defined by the Ministry of Finance, according to the latest quarterly report by Norges Bank Investment Management (NBIM). NOK 128bn of transfers were made to the fund in the quarter, and at the end ...
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Norway’s Government Pension Fund not addressing climate change
Norway’s Government Pension Fund has neglected to apply best practice in sustainable investments and is not yet fully addressing the impacts of global warming, according to the World Wildlife Fund, Norway (WWF-Norway). The fund, which is based on petroleum revenues, is currently estimated at $381bn, and is the world’s second largest sovereign wealth fund. More than one per ...
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Swedish pension funds sell cluster-bomb holdings
Holdings in companies that market cluster weapons are to be sold by the Second Swedish National Pension Fund (AP2) and Forsta AP-fonden (AP1). The decisions have been made on the recommendation by the Ethical Council of the Swedish National Pension Funds, a convention endorsed by Sweden in May 2008, and the First to Fourth Swedish National Pension Funds have been advised to exclude ...
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Norway’s Economic Survey shines light on future of pensions
The medium-term outlook for public finances in Norway are in relatively good shape, partly due to increasing pension fund revenues, according to the Organisation for Economic Co-operation and Development’s ...
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ABP breaks into Norway
ABP’s recent investment in the Nordics is down to research showing that ';GDP growth in the Scandinavian countries will be the highest in Europe in the coming years,'; according to ABP investment spokesman, Michel Meijs. ABP Pension fund (ABP), a Dutch organisation, and Klepierre SA (Klepierre), a France-based real estate company, joined forces and entered into an ...
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Finland in need of pension reform says OECD
It will be vital that the Finnish economy keeps a large government surplus in the coming years and to ensure that labour force participation, especially among older workers, continues to rise, if it is to continue to perform well. The Organisation for Economic Co-operation and Development (OECD) has today published ...
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Swedish pension fund pulls out of cluster bombs
Swedish pension fund AP7 will sell all its holdings in companies making cluster bombs and nuclear weapons. The move by AP7, one of seven state-owned pension funds in Sweden, means holdings in Airbus parent EADS and US-based Lockheed Martin Corp. and General Dynamics Corp. will be sold. AP7 manages pension savings worth around 90bn kroner (about $15bn). The move follows news in April ...
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Swedens AP funds update
Sweden’s AP1 – one of the buffer funds assigned by the Swedish Parliament to manage the Swedish people’s pension funds – has posted strong performance figures in both absolute and relative terms for the first half of 2007. The Forsta AP-fonden, which manages assets with a value of SEK 221bn, reported a total return on net assets of 6.3%, which is equal to SEK 1.3 bn ...
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Swedish companies avoid the red
Swedish pension companies were given favourable evaluations by The Swedish Financial Supervisory Authority, Finansinspektionen (FI), in the Q2 2007 traffic light report. No insurance companies received a red light during that period, while pension companies as a whole – including life insurance companies and occupational pension funds – showed a larger margin to the red light ...
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At least 87 killed in twin attacks in Norway first suspect arrested
A gunman wearing police uniforms and police identification landed on a small island about 40 kilometers west of Oslo, shooting people at a youth camp two hours after the deadly bomb explosion rocked the government building quarters in the Norwegian capital city. (Xinhua/AFP Photo) The death toll of the twin attacks Friday in Norway may surpass 87 after more victims were discovered in the ...
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Ambassador Sanders discuss Danish system
Monday May 20, 2013 BRATTLEBORO -- Sen. Bernie Sanders, Vt-I, invited the Danish Ambassador Peter Taksoe-Jensen to speak about what the United States could learn from Taksoe-Jensen’s country, which has universal health care as well as a unique education system. "I believe there’s an enormous amount we can learn from them," said Sanders, who credited Denmark’s ...
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Denmark's Russian relationship
Danish relations with Russia have existed for several centuries, with the first recorded diplomatic relations dating from 1493, when King Hans and Ivan III signed a treaty aimed at planning an offensive against Sweden and Lithuania. Since then the relations between the two countries have grown closer, frayed, become tense, reconciled and stagnated at different points throughout the history of their respective political development.
Denmark and Russia have always been economically and politically important to one another though. Denmark, since the end of the Cold War, has acted as a bridge between the east and west, and during much of the tumultuous politics of the post-war and Cold War period, remained largely neutral in many affairs concerning Russia. In 1939 the country refused to support measures to expel Russia from the then-League of Nations, and resisted attempts by Nordic countries to set up a defense alliance for the region. Read more
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