United States

Jacob Gronholt-Pedersen

EU states force clearing of Estonian, Danish regulators over Danske Bank

Apr 17 2019

COPENHAGEN/BRUSSELS National banking supervisors who control the European Union banking watchdog effectively forced it to clear financial regulators in Estonia and Denmark, who were investigated in relation to suspected money laundering activities by Danske Bank, a member of the European parliament said on Wednesday.

CORRECTED-UPDATE 1-EU banking watchdog ends investigation into Estonian, Danish regulators over Danske Bank

Apr 17 2019

COPENHAGEN, April 17 The European Union banking watchdog said on Wednesday it had concluded its investigation into financial regulators in Estonia and Denmark in relation to suspected money laundering activities by Danske Bank .

Pandora seeks to charm China with locally-inspired jewelry

Apr 09 2019

COPENHAGEN Danish jeweler Pandora is turning to traditional Chinese symbols such as peach blossom in a new collection aimed at reviving its fortunes in the world's biggest market for luxury brands.

UPDATE 1-Vestas chairman expects some countries to reinstate wind power subsidies

Apr 03 2019

COPENHAGEN, April 3 The chairman of Vestas , one of the world's biggest wind turbine makers, said he expected some countries to reinstate subsidies for wind power projects as governments come under pressure to build more renewable energy capacity.

Maersk management given time to turn around 'supertanker'

Apr 02 2019

COPENHAGEN The main shareholder and the chairman of Danish shipping group A.P. Moller-Maersk both backed management's efforts to reshape the business, although other investors raised concerns on Tuesday about the rate of progress.

Danske Bank investors express anger over money laundering scandal

Mar 18 2019

COPENHAGEN Danske Bank’s annual shareholder meeting extended into the fifth hour on Monday as retail investors expressed their discontent over the bank’s involvement in one of the world’s biggest money laundering scandals.

Wingardium Leviosa! Harry Potter magic helps Lego lift sales

Feb 27 2019

COPENHAGEN Harry Potter and Star Wars building sets helped Lego return to growth in 2018, along with strong sales in China, where the privately-owned Danish toymaker plans to open new stores.

Maersk shares plummet on bleak outlook as trade war looms

Feb 21 2019

COPENHAGEN The world's largest container shipping company, A.P. Moller-Maersk, warned trade headwinds would slow growth this year, sending its shares down 10 percent on Thursday. | Video

Danske Bank pulls out of Russia, Baltics after money-laundering backlash

Feb 21 2019

TALLINN/COPENHAGEN Danske Bank will pull out of Russia and the neighbouring Baltic states, the Danish lender said after Estonia ordered it to close the branch at the centre of one of the largest-ever money laundering scandals. | Video

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