A year and a half after Denmark’s central bank cut its deposit rate below zero, Governor Lars Rohde says there’s no limit to the policy measures he’s ready to deploy to defend the krone’s peg to the euro.
The port of Hamburg, Germany’s main export hub, is bracing for floods that may disrupt shipping and air traffic when storm fronts sweeping across the North Atlantic and North Sea reach landfall later today.
The U.K. government said it expects 40 billion pounds ($65 billion) of investment in renewables by 2020 after shifting incentives toward offshore wind power and away from projects on land in areas where residents object.
Denmark’s central bank Governor Lars Rohde characterized as nonsensical a European Banking Authority plan not to give covered bonds the highest liquidity status and predicted policy makers in Brussels will ignore the advice.
TDC A/S, Denmark’s biggest wireless carrier, joined Nordic rivals in calling for businesses to combine as falling prices in the region’s saturated market hurt earnings and hinder operators’ ability to invest.