Latest Denmark News
RSS-
Second Swedish Pension Fund takes huge tumble
The Second Swedish National Pension Fund/AP2 has recorded a sharp fall in its market worth for 2008, amounting to a return of -24 per cent on net assets. The return value, SEK -55.1bn, meant the Fund’s capital assets totalled SEK 173.3bn at the end of December 2008, and had a net inflow of SEK 0.9bn. The capital asset value was SEK 54.2bn lower than in 2007. The drop has been ...
-
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 ...
-
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 ...
More Denmark News
RSS-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
2 teens charged with grand larceny
Two Lewis County teenagers are facing felony charges after allegedly stealing money from a resident of Copenhagen last month, the Lewis County Sheriff's Office said. Dallas Church, 18, and a 16-year-old, both of Copenhagen, are charged with felony third-degree grand larceny and misdemeanor fifth-degree conspiracy. Church also was charged with misdemeanor endangering the welfare of a ...
-
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 ...
-
UPDATE 2-Sweden raises $3 bln in Nordea stake sale
Wed Jun 19, 2013 8:13am EDT * Sweden sells 260 mln ordinary shares for 75 crowns each * Size of sale equal to 6.4 percent of outstanding shares * Debt office says bond auction volumes unchanged after sale (Adds government comments) By Mia Shanley and Johan Ahlander STOCKHOLM, June 19 (Reuters) - Sweden has sold nearly half its remaining stake in Nordea, the region's biggest bank, raising ...
-
Swedish bond auction volumes seen unchanged after Nordea share sale
STOCKHOLM, June 19 | Wed Jun 19, 2013 6:57am EDT STOCKHOLM, June 19 (Reuters) - The Swedish Debt Office said on Wednesday government bond auction volumes would remain unchanged following the government's sale of Nordea shares. Sweden sold nearly half its remaining stake in Nordea, the region's biggest bank, raising $3.0 billion which will be used to pay down debt. The lower ...
-
Lego Marvel Super Heroes – preview
Guardian games correspondent Keith Stuart visits Lego developer Traveller's Tales and takes his Marvel mad sons along to discover the studio's latest blockbusting ...
-
Danish FinMin says credit facility to SAS was not state aid
COPENHAGEN, June 19 | Wed Jun 19, 2013 6:26am EDT COPENHAGEN, June 19 (Reuters) - Denmark's finance minister said a credit facility granted to Scandinavian airline SAS was not state aid, after EU regulators opened an investigation into whether the facility was in line with EU state aid rules. "We are still of the opinion that our participation in the credit facility can clearly ...
-
UPDATE 1-Finlands economy set to shrink as exporters struggle
Wed Jun 19, 2013 5:01am EDT By Ritsuko Ando and Jussi Rosendahl HELSINKI, June 19 (Reuters) - Finland on Wednesday slashed the outlook for its economy, predicting it will shrink for the year, raising doubts about its reputation as one of the euro zone's healthiest economies. The forecast added to concerns that traditional industries such as paper were losing global competitiveness. The ...
-
TORM AS Announces the Termination of Its ADR Program and Plans to De-List From the NASDAQ Capital Markets US
COPENHAGEN, Denmark, June 19, 2013 (GLOBE NEWSWIRE) -- TORM A/S ( ) (the "Company") announced today that it has commenced the process to (i) terminate its American Depository Receipt ("ADR") program, which is governed by the Deposit Agreement between the Company and Deutsche Bank Trust Company Americas (the "Depositary") dated as of May 8, 2013, as amended (the ...
-
Tom of Finland and friends battle of the beefcakes – in pictures
Keep Your Timber Limber at the ICA pulls together boundary-pushing drawings by eight artists that challenge gender, sexual and political stereotypes and highlight issues of war and censorship.From Tom of Finland's erotically charged bikers and sailors to Judith Bernstein's penis flagpoles, here's a selection of images that use the simplest tools to defy the most ingrained ...
-
SABMiller Swedish cider brands licensed
SABMiller and Sweden’s Kopparberg Brewery had entered into a co-operative agreement for the long-term licence of Kopparberg cider products in selected markets where the Swedish firm does not have an interest, SABMiller said yesterday. All Kopparberg cider products, including Pear and Naked Apple, would be available for distribution. The Australian unit was the first SABMiller operation to ...
-
Sweden raises size of share sale in Nordea
STOCKHOLM, June 19 | Wed Jun 19, 2013 1:51am EDT STOCKHOLM, June 19 (Reuters) - The Swedish government said on Wednesday it was increasing its sale of shares in Nordea , the region's biggest bank, to 260 million ordinary shares from 230 million due to strong investor demand. The finance ministry said in a statement that the revised size of the sale was equivalent to 6.4 percent of ...
-
Worlds 3 biggest shipping operators unite to reduce fuel consumption
COPENHAGEN (AP) - Danish shipping and oil group A.P. Moller-Maersk says the world's three biggest shipping container operators have entered an alliance to reduce fuel consumption and improve service and operations. Mr Vincent Clerc of the Copenhagen-based company's shipping unit says MSC Mediterranean Shipping Company S.A. and CMA CGM of France will form the P3 alliance with Maersk ...
-
The Lego Movie Teaser Trailer Batman and the Ninja Turtles Join Forces
has just been released, and it's giving fans a first look at the vast assemblage of pop-culture references that will be featured in the upcoming comedy -- including Batman, Wonder Woman and Michelangelo (both the painter and the Ninja ...
Denmark Discussion
-
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
News from around our Network
