Nordic News, Business and Life in Asia
Volvo Car Corp. said Friday it swung to a modest full-year profit for 2013 mainly because of cost cuts and strong second-half retail sales in China, even as revenue declined. …
Volvo Car swings to profit due to China demand, cost cuts Read More
Norway’s DNV GL, a leading ship classification society and one of the world’s leading risk and sustainability service providers, opened Friday a new office in Ho Chi Minh City, Vietnam …
DNV GL Opens New Vietnam Office Read More
Norway’s reliance on oil means it faces a bigger risk than most other countries from a slowing expansion in China, according to Hilde Bjoernland, an economics professor at the BI …
China’s slowdown to hit Norway hard Read More
Faroese salmon farmer Bakkafrost saw sales to the Chinese market grow 122% from 2012 to 2013, a result of actively marketing there, said CEO Regin Jacobsen. China has been a …
Bakkafrost’s salmon export to China skyrockets Read MoreJhon Mortensen (62) will end of April 2014 retire from his positions as CEO of Nordea Bank S.A. His interesting career also brought him to Singapore, where he was head …
Mr Private Banking in Luxembourg retires Read More
Stockmann’s subsidiary AB Lindex entered into a franchising partnership with the Chinese company Suning in September 2013. Suning has now unilaterally withdrawn from the franchising agreement. Stockmann and Lindex will …
Lindex’s franchising deal in China is cancelled Read More
Finnair’s cargo business unit is expanding in Vietnam with doubled capacity. From June, Finnair Cargo’s total cargo capacity from Europe to Vietnam doubles from 155 to 315 tonnes, with 270 …
Finnair Cargo doubles capacity to Vietnam Read More
Vinomarine, the first Norwegian ship equipment production plant in the north of Vietnam, opened in the coastal city of Haiphong on March 20. The Norwegian Minister of Trade and Industry …
Norwegian ship equipment plant opens in Haiphong Read More
IKEA recalls a bed canopy from IKEA intended to be draped around children’s cots/beds to stop using it with infants and small children and asks customers to bring it back …
IKEA recalls children’s bed canopies for strangulation risk Read More
Finnish handset developer, Nokia Corporation ( NOK ) received a million pre-orders in China for its upcoming budget-friendly smartphone – Nokia X. The smartphone – designed to run on Google …
Nokia X a big hit in China Read More