Denmark

Investors sifted corporate updates in anticipation of U.S. Inflation?data. By 0940 GMT, the?STOXX600 was flat. The?STOXX 600 was flat at 0940 GMT. Sika, the Swiss manufacturer of construction chemicals, reported on Tuesday a drop in sales for the full year of 4.8%. This dragged its shares down by 6.7% and to their lowest level since November. British homebuilder Persimmon has also outlined a cautious outlook 2026, after reporting that it sold more homes last year than expected. The updates will guide the sentiment as the?markets prepare for an important inflation report in the U.S. where the policy outlook is clouded...

Orsted surged on news that a U.S. court had ruled the company could continue working on a Rhode Island project. STOXX 600 was up 0.1% at 0807 GMT. The DAX in Germany?was slightly higher during choppy trading and is poised to reach its longest winning streak ever since 2014 if current levels hold. The move adds new momentum as markets prepare for a key report on inflation that is expected to show a pickup in U.S. consumer price levels in December after a falsely low reading the previous month due to distortions relating to the government shut down. Orsted, a...

A U.S. court will on Monday consider the request of Danish?energy firm Orsted to obtain an injunction to stop?the Trump Administration's decision?to halt its $5 billion Revolution Wind project near Rhode Island. The lawsuit was filed on behalf of the company by several offshore wind companies, as well as states. They are seeking to reverse the Interior Department's suspension of five 'offshore wind leases' that it had imposed in December over what they called national security concerns. Under U.S. president Donald Trump's?view that wind turbines are ugly, expensive, and inefficient, offshore wind developers have seen their multi-billion dollar plans repeatedly...

Donald Trump, the president of the United States, reaffirmed on Monday the need for Greenland to ensure the national security of the United States. He said that the special envoy appointed by him would "lead" the charge. Trump appointed Jeff Landry, the governor of Louisiana, as his special representative to Greenland on Sunday. This drew criticism from Denmark and Greenland regarding Washington's interest for this mineral-rich Arctic Island. Trump has argued that Greenland should become a part of the United States. He cited its strategic importance and its mineral resources. Landry, the governor who assumed office in January 2024 publicly...

U.S. president Donald?Trump appointed Louisiana Governor Jeff Landry as his special ambassador to Greenland on Sunday, drawing renewed criticism from Denmark and Greenland about Washington's interests in the mineral rich Arctic island. Trump has argued that Greenland should become a part of the United States. He cites its strategic importance as well as its mineral resources. Landry, the governor who assumed office in January 2024 publicly supports this idea. You cannot annex a country. In a joint press release, Danish Prime Minister Mette Fredericksen and Greenland Prime Minister Jens Frederik Nielsen stated that they would not annex another country. "Greenland...

Orsted, the Danish offshore wind company, said that it has no plans to acquire the renewables division of Equinor. Equinor is its second largest shareholder and had proposed closer ties with Orsted. Equinor is a Norwegian oil and gas group that also produces renewable energy. It took a 10% share in Orsted in October last year, and invested close to $1 billion into the company. Last week, it said that offshore wind needed consolidation. Orsted shares are down 85% since their peak in 2021, due to rising costs, disruptions of the supply chain, and challenges in the United States, where...

European shares edged up on Tuesday. Wind energy stocks took the early lead, after Orsted surged on a favorable U.S. Court ruling regarding its stalled projects, but a decline in Dutch firm ASMI held gains back. As of 0712 GMT, the pan-European STOXX 600 index was up 0.3% to 555.1 points. Spain and the UK regional bourses gained around 0.3% each. Orsted shares jumped 9.4% on Monday after a U.S. Federal Judge ruled that Orsted can resume work on a nearly completed project off the coasts of Rhode Island. The utilities sector rose 1%, while Vestas' rival gained about 3%....

British Gas' owner Centrica announced on Thursday that its adjusted operating profits in the first six months of this year had been halved due to milder weather, lower wholesale energy prices, and weaker returns for gas storage. The company reported that its operating profit for six months ending June 30 dropped to 0.5 billion pounds, from just under 1 billion during the same period in last year. The core profit, or EBITDA, also dropped to 0.9 billion pounds compared to 1.4 billion. The company stated that the first half of 2025 was more challenging for British Gas Energy Residential and...

Jacob Skov Olesen, the world number 354 from Denmark, shot a four-under-par score of 67 in difficult conditions to win the British Open's first round at Royal Portrush. The 26-year old left-hander birdied four holes and eagled 12th before making a bogey on the last hole. He is now tied for the lead with England's Lee Westwood. Li Haotong of China is one shot behind. Nicolai Hjgaard of Denmark, who played in the first group, shot a solid 69 and finished at two under. He said, "I really had to work hard today to get a good score." "I felt...

Orsted, world's largest offshore wind developer will increase its investment in Taiwan and South Korea, where it already has projects. Instead of expanding into new markets in Asia a senior official at the company said on Monday. The Danish company has lost around 80% of the value of its stock market since its peak in 2021 due to rising costs, disruptions in supply chains and a loss of investor trust in offshore wind. Per Mejnert Kristensen is Orsted's Asia-Pacific President. He spoke on the sidelines at the Energy Asia2025 conference. Orsted, which is the largest offshore developer in terms of...

Over 50 business groups and companies from across Europe have called for Britain and the EU at a upcoming summit to begin talks on linking their carbon market, which will they claim help reduce costs for consumers. When leaders meet on the 19th of May, Britain will seek enhanced cooperation in security, law enforcement, and removing trade barriers between the EU. As part of a larger effort to reduce emissions and achieve climate targets, the EU and UK Emission Trading Systems charge power plants and industrial entities per ton of CO2 they emit. The letter, signed by Equinor Orsted RWE...

Rasmus Errboe, the CEO of Orsted in Denmark, told the Financial Times that President Donald Trump's tariffs would have "a meaningful impact" on its U.S. projects. Errboe said in the newspaper that the new tariffs would affect Orsted's large wind projects, Sunrise Wind and Revolution Wind, located in the U.S. Orsted published a piece in the FT that called on European capitals for a consistent support of the offshore wind industry every year to help meet targets and reverse costs. Orsted didn't immediately respond to our request for comment. Trump announced earlier Wednesday that he would lower temporarily the heavy...

Gold reached $4,800 per ounce on Wednesday for the first time as geopolitical tensions, including U.S. president Donald 'Trump's bid to control Greenland, drove demand for safe havens. By 9:30 am, spot gold had risen 2.1% to $4,865 an ounce. ET (1430 GMT), the price of gold had risen to $4,887.82 in earlier sessions. U.S. Gold Futures for February Delivery climbed almost 2% to $4.856.3 per ounce. Bob Haberkorn, senior market strategist at RJO Futures, said that there is a 'fear' of missing out. Given the geopolitical climate in 'the world' it's an ideal storm for higher prices of gold...

As escalating geopolitical conflicts boosted demand for safe havens, gold reached a new record high of $4,700 per ounce on Tuesday. Silver also broke through $95 an ounce for the first. By 11:34 am, spot gold had gained 1.6% and was at $4,741.96 an ounce. After reaching a record-high of $4,750.49 in the morning ET (16:34 GMT), gold prices fell to $4,741.96 per ounce by 11:34 a.m. U.S. Gold Futures for February Delivery climbed 3.3%, to $4.747.60/oz. Fawad Rasaqzada is a market analyst for FOREX.com and City Index. He said that gold has surged?deeper in uncharted waters as investors hedged...

A source familiar with the situation said that Canada was considering sending a small contingent of troops to Greenland in order to take part in NATO exercises. The first to report the news were CBC News and Globe and Mail. Source: Military officials have "presented" plans for the operation to government, and are "awaiting a decision by Prime Minister Mark Carney," said the source. The source requested anonymity due to the sensitive nature of the issue. Carney's office declined to comment. Carney is challenged by the threats of U.S. president Donald Trump to annex Canada. He wants to be on...

On Saturday, protesters in Denmark and Greenland called for the island to be allowed to decide its own fate and criticized President Donald Trump's demand that it be ceded. Trump has said that Greenland's strategic location and its large mineral deposits are vital for U.S. national security. He has also not ruled out the use of force to seize it. The European nations sent military personnel this week to the island on Denmark's request. MARCHING FOR GREENLAND AT NUUK AND COPENHAGEN Demonstrators in Copenhagen chanted, "Greenland's not for sale", and carried slogans like "No means No", and "Hands Off Greenland",...

Gold extended its losses ?on Friday after stronger-than-expected U.S. economic data reduced expectations of near-term Federal Reserve ?rate ?cuts, while easing geopolitical tensions shrunk demand for safe-haven bullion. By 0733 GMT, spot gold was down 0.2% at $4,604,29 per ounce. The metal is expected to gain 2% in a week after reaching a record high of $4,642.72 last Wednesday. U.S. Gold Futures for February Delivery edged down 0.3% to $4,608.90. Kyle Rodda is an analyst with Capital.com. He said that the downward movement in gold began when the United States lowered the likelihood of any intervention to quell the unrest?in...

?Gold extended its losses on Friday after stronger-than-expected U.S. economic ?data ?dampened expectations of the U.S. Federal Reserve cutting interest rates sooner and softening geopolitical frictions shrunk safe-haven demand for the metal. By 0619 GMT, spot gold was down 0.2% at $4,604.39 per ounce. The metal is expected to gain 2% in a week after reaching a record high of $4,642.72 last Wednesday. U.S. Gold Futures for February Delivery edged down 0.3% to $4,608.50. Kyle Rodda is an analyst with Capital.com. He said that the downward movement in gold began when the United States lowered the likelihood of any kind...

Gold prices declined on Wednesday, as the dollar rose on weaker than expected U.S. jobless claims data. Meanwhile, President Donald Trump’s more moderate stance on Iran weighed further on demand for gold. As of 09:32 am, spot gold was down by 0.3%, at $4,607.59 an ounce. ET (1432 GMT). On Wednesday, gold reached a new record of $4,642.72. U.S. Gold Futures for Delivery in February fell by 0.5% to $4.612.50. Data showed that new U.S. unemployment benefit applications unexpectedly dropped last week. This pushed the dollar index up to its highest level since December 2, and made bullion prices more...

Gold fell on Thursday, as investors took profits after the "yellow metal" hit a record the previous session. A softer tone by U.S. president Donald Trump towards the Federal Reserve Chair and Iran also dampened the demand for safe havens. As of 0652 GMT, spot gold was down by 0.3% to $4,608.77 an ounce. Bullion reached a record $4,642.72 per ounce on Wednesday. U.S. Gold Futures for Delivery in February fell by 0.5% to $4613.0. Ilya Spivak is the head of global macro for Tastylive. He said: "Today we are seeing that gold is down after (Trump said) maybe we...

Gold fell?on Friday as investors booked profits following three consecutive sessions of record highs. Meanwhile, an apparent softer tone by U.S. president Donald Trump towards the Federal Reserve Chair and Iran dampened demand for safe-haven bullion. As of 0322 GMT, spot gold was down by 0.8%, at $4,584.03 an ounce. The previous session saw bullion reach a record high of $4,642.72. U.S. Gold Futures for February Delivery fell 1% to $4,576.70. Ilya Spivak is the head of global macro for Tastylive. He said: "Today we are seeing that gold 'is down' a little bit after Trump said we might not...

On Wednesday, the foreign ministers from Denmark and Greenland met with U.S. Secretary of State Marco Rubio and Vice President JD Rubio after Donald Trump recently increased his threats to seize?the autonomous territories of Denmark. Greenland's strategic location and mineral resources could be of great value to the United States. In a survey conducted in 2023, 25 minerals that the European Commission deemed to be "critical raw materials" were found in Greenland. Greenland has banned the extraction of oil and gas for environmental reasons. Meanwhile, mining is stifled by red tape and indigenous opposition. Here are the main Greenland mineral...

Silver rose in the wake of gold's record-breaking performance on Wednesday as geopolitical, economic and political uncertainties pushed investors to safe haven assets. Expectations for Federal Reserve rate reductions also added momentum. By 11:08 am, spot gold had risen 0.7% to $4,619.73 an ounce. After hitting a high of $4641.40 earlier, ET (1608 GMT) has seen gold prices rise 0.7%. U.S. Gold Futures for?February Delivery rose by 0.6% to $4626.40. "All roads lead to gold and Silver," said?Alex Ebkarian COO of Allegiance Gold. He cited demand from diverse customers and noted that the market was?in structural bull phase. In periods...

On Wednesday, gold and silver both rose to new highs as investors sought safe-haven assets amid geopolitical uncertainty, economic uncertainty, and expectations of Federal Reserve rate reductions. By 09:04 am, spot gold had risen by 1.1% to $4,635.99 an ounce. ET (1404 GMT), the price of gold had earlier reached a record $4,641.40. U.S. Gold Futures for February Delivery rose 1% to $4644.30. Alex Ebkarian said, "All roads lead to gold and Silver," citing diverse buyers' demand and noting that the market is in a structural bull stage. Gold is a good investment during periods of low interest rates and...