Scandinavia News
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Denmark is shelving indefinitely its euro adoption goal as Prime Minister Helle Thorning-Schmidt says an exchange rate peg without full European monetary membership is proving the best currency regime for the Nordic nation.
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RSA Insurance Group Plc shareholders backed remuneration plans after the U.K.’s biggest property and casualty insurer by market value cut its dividend.
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Norwegian Air Shuttle AS said it will take delivery of its first Boeing Co. 787 on June 27 or 28 after a handover scheduled for April was delayed when the new wide- body jet was grounded in January following battery fires.
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Bilfinger SE posted a 31 percent drop in first-quarter profit as Europe’s harsh winter and stuttering economy stunted earnings at Germany’s second-largest builder.
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Michael O’Leary, who built Ryanair Holdings Plc into Europe’s biggest discount airline over two decades, pledged to stay another five years and render its dominance complete as competitors exit short-haul flying.
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Biohit Oyj, the Finnish health-care company whose shares have gained 71 percent this year, sees China as a promising market for the Acetium product to prevent stomach cancer, Chief Executive Officer Semi Korpela said.
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Estonia’s economy slowed more than economists estimated in the first quarter to the weakest pace in three years as the construction industry stumbled.
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TUI Travel Plc, Europe’s largest tour operator, said full-year earnings are likely to be higher than previously forecast after wintery weather that persisted until Easter boosted bookings from Britain to Scandinavia.
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Sweden’s government abandoned its hands-off stance on the krona and New Zealand announced it sold the kiwi, joining a growing band of countries to escalate their response to strengthening currencies.
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SAS Group said it plans to sell 80 percent of its Wideroe Flyveselskap AS unit for 2 billion kroner ($310 million) as the Nordic region’s largest airline seeks to slash costs and return to profit.
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