Quantcast
Thursday , August 17 2017
Breaking News

Denmark

Denmark government drops plan to cut tax for rich

Bangladesh frozen food exporters seek tax cut in upcoming budget

COPENHAGEN: Denmark’s governing coalition has shelved plans to make changes to the country’s top tax bracket, which would have affected tax cuts for the wealthiest people in the country. No parliamentary negotiations on changes to taxation of Denmark’s highest earners will take place during the autumn, Liberal Alliance (LA) leader and foreign minister Anders Samuelsen told press. Samuelsen said that ... Read More »

Denmark needs to improve its anti money laundering efforts: report

money - currency - money laundering

COPENHAGEN: Denmark needs to improve its anti money laundering efforts, the internal organisation Financial Action Task Force (FTAF), an international organization that sets global standards for fighting illicit finance, said in a report. “Denmark does not have a national strategy to combat money laundering and terrorist financing and needs to do more to properly assess and understand the risks it ... Read More »

Milk shortages lead to hike in dairy produce prices

Ukraine’s international reserves rise in February

COPENHAGEN: Over the last year, the supermarket price of a litre of milk has risen by 1.50 kroner. After several years of falling milk prices, farmers have responded by producing less of it. Together with an increase in worldwide demand, this has led to higher prices, reports DR Nyheder. Farmers are now getting 2.77 kroner per litre for milk – ... Read More »

Maersk Line returns to Wellington

MAERSK

COPENHAGEN: Maersk Line has announced it will resume its weekly container shipping service to Wellington. The service will return once CentrePort has completed works that will allow its ship-to-shore cranes to operate. These works were required following damage sustained in the November 2016 Kaikoura earthquake. They are expected to be largely complete by September. The Jens Maersk, deployed on Maersk ... Read More »

Denmark stocks lower at close of trade; OMX Copenhagen 20 down 0.31%

Denmark stock

COPENHAGEN: Denmark stocks were lower after the close on Friday, as losses in the Software & Computer Services, Technology and Industrials sectors led shares lower. At the close in Copenhagen, the OMX Copenhagen 20 declined 0.31%. The best performers of the session on the OMX Copenhagen 20 were Pandora A/S (CO:PNDORA), which rose 0.69% or 5.0 points to trade at ... Read More »

Danish June retail sales index up 0.5 pct yr/yr

HOUSING MARKET UPBEAT

COPENHAGEN: The Danish retail sales index rose 0.5 percent in June from a year earlier, the statistics office said on Wednesday. Retail sales fell 0.1 percent in June from the previous month, Statistics Denmark said. June 2017 May 2017 %. change yr/yr +0.5 +1.7** %. change mth/mth -0.1 +0.0*** ** Revised from an initial figure of +1.6 percent. *** Revised ... Read More »

Iran-Denmark all-out transactions speeding up after JCPOA

Iran Denmark

TEHRAN: Danish Ambassador to the Islamic Republic Danny Annan voiced content over the huge rise in bilateral relations between Iran and Denmark following the implementation of JCPOA. Annan expressed satisfaction with the development of political and economic transactions between the two countries following the removal of sanctions and implementation of JCPOA since 14th of July, 2015. “Many Danish business delegations ... Read More »

Denmark charges OW Bunker’s Singapore head with fraud

fraud-image-300x200

COPENHAGEN: Denmark’s state prosecutor charged the former manager of OW Bunker’s Singapore subsidiary with fraud on Thursday but cleared the Danish management of the failed marine fuel oil supplier of any criminal wrongdoing. OW Bunker filed for bankruptcy in Denmark in November 2014 after losses at its Singapore business Dynamic Oil Trading, a marked change of fortunes for a firm ... Read More »

Denmark, Japan agree to strengthen cooperation in Arctic development

Flag-Pins-Denmark-Japan

COPENHAGEN: Japanese Prime Minister Shinzo Abe and his Danish counterpart Lars Lokke Rasmussen agreed in Copenhagen that their countries will step up cooperation in developing the Arctic region. They also confirmed during their talks in the Danish capital that the countries will join forces in establishing a free and open maritime order. Speaking alongside Rasmussen to reporters after their talks, ... Read More »

Stability in Danish, Dutch pork exports

PORK

COPENHAGEN: Exports of fresh and frozen pork from Denmark and the Netherlands in the first quarter of 2017 were stable on a year earlier, reports Leo Colby, AHDB Consultant. However, both countries benefitted from a sharp rise in export prices given the firmer EU pig market in 2017. One key difference though between the two countries was that Dutch exporters ... Read More »

Denmark trade surplus shrinks in May

surplus (1)

COPENHAGEN: Denmark’s foreign trade surplus decreased in May, as exports grew slower than imports, figures from Statistics Denmark showed Monday. The seasonally adjusted trade surplus shrank to DKK 4.8 billion in May from DKK 5.4 billion in April. Exports rebounded 2.1 percent monthly in May, after a 1.5 percent fall in the prior month. Similarly, imports climbed 3.7 percent, reversing ... Read More »

Maersk says too early to predict financial impact of cyber attack

maersk-says-global-it-breakdown-caused-by-cyber-attack

COPENHAGEN: Maersk said it was too early to predict the financial impact of last month’s global Petya cyber attack that hit the shipping giant’s computers and delayed cargoes, but added that normal operations had resumed at its ports. A.P. Moller-Maersk, Danish owner of the world’s biggest container shipping line, operates 76 ports via its APM Terminal division and was one ... Read More »

Maersk says too early to predict financial impact of cyber attack

Maersk cyber attack

COPENHAGEN: Maersk said it was too early to predict the financial impact of last month’s global Petya cyber attack that hit the shipping giant’s computers and delayed cargoes, but added that normal operations had resumed at its ports. A.P. Moller-Maersk, Danish owner of the world’s biggest container shipping line, operates 76 ports via its APM Terminal division and was one ... Read More »

Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.41%

stocks higher

COPENHAGEN: Denmark stocks were higher after the close on Wednesday, as gains in the Personal & Household Goods, Oil & Gas and Consumer Goods sectors led shares higher. At the close in Copenhagen, the OMX Copenhagen 20 rose 0.41%. The best performers of the session on the OMX Copenhagen 20 were Chr. Hansen Holding A/S (CO:CHRH), which rose 6.28% or ... Read More »

Denmark & Singapore shake on FinTech innovation pact

fintech

COPENHAGEN: The financial regulators of Singapore and Denmark have entered an agreement to promote innovation financial technology services and encourage FinTech companies in both countries to enter each other’s markets. The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, has pointed to Denmark as its latest ally in the FinTech sector with the announcement of a ... Read More »

Danish shipping giant Maersk recovering from major Petya cyber attack

MAERSK

AMSTERDAM: Danish shipping and transport giant AP Møller-Maersk, which handles one out of seven containers shipped worldwide, was one of the companies hardest hit by the latest major ransomware outbreak, widely known as Petya or NotPetya. Møller-Maersk confirmed on Tuesday 27 June that its IT system was down across multiple sites and business units. The company later said the attack ... Read More »

Denmark and Germany to increase amount of tradeable electricity

electricity prices

COPENHAGEN: Trade barriers are being relaxed to allow Nordic electricity producers greater access to the German market. For a number of years now, there has been a cap on the amount of electricity that could be sold across the Danish-German border. This has meant that even though Nordic producers were at times able to produce cheaper power than their German ... Read More »

Danish brewer signs distribution deal with Kenyan firm

Royal Unibrew

COPENHAGEN: Danish company Royal Unibrew has signed a deal with Kenyan firm WOW Beverages for the local distribution of Faxe Beer. Royal Unibrew, Denmark’s second-largest beer maker with a global presence, sells and distributes beverages with a focus on branded beer, malt beverage, soft drinks, cider and long drinks. WOW Beverages CEO Chris Lucas in a statement on Monday said ... Read More »

Denmark to finally reform its tax authority

tax-office

COPENHAGEN: Denmark will dismantle and restructure its tax authority Skat, transforming it into seven new agencies. The government announced the decision in response to a series of recent scandals. The government said more staff and offices across the country will save the country’s dysfunctional tax administration. Prime Minister Lars Løkke Rasmussen and Minister for Tax Karsten Lauritzen presented the government’s ... Read More »

Maersk launches trade finance operation

maersk

COPENHAGEN: Danish liner company Maersk Line has expanded into the trade finance business by allowing customers to finance their operations as long as they are shipping with Maersk. The financing scheme works because Maersk has a rich trove of customer information from which to base a decision on the customer’s creditworthiness, according to the Copenhagen-based company. This enables companies to ... Read More »