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Denmark should never consider following UK out of EU: PM

  Bloomberg Denmark will always belong inside the European Union no matter what the outcome of Britain’s June 23 referendum on its EU membership, Prime Minister Lars Loekke Rasmussen said. “I’m not blind to the fact that the EU makes mistakes,” Rasmussen said according to the text of a speech delivered on Sunday. “Decision making can be too slow and ...

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World’s biggest wealth fund faces dividend hit after oil slump

  Bloomberg Norway’s first-ever withdrawal from its $860 billion sovereign wealth may be bigger than planned. Here’s why: The government has yet to account for a potential decline in payouts from Statoil ASA, of which it owns 67 percent. The oil producer has introduced a scrip dividend, allowing investors to take stock in-lieu of cash. Norway has committed to keeping ...

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Oil price plasters over OPEC rifts, for now

  Vienna / AFP OPEC looks to be in a happier place with oil prices recovering, but its inability to agree an output ceiling to restrain the flow of crude betrays lingering divisions that could spell trouble ahead, analysts warn. Meeting in Vienna on Thursday, the Organization of the Petroleum Exporting Countries expressed confidence that the crisis of the past ...

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