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He was chief investment officer at Denmark’s largest pension fund ATP from 1999 to 2010, and CFO at Novo A/S (now Novo Holding) for nine months. He started his career in the Danish ministry of finance then moved to the Danish central bank. Hellemann, 48, has been chief financial officer at Nykredit since 2016. Before that he was Nordea’s head of banking in Denmark for two years. He was permanent secretary in the Danish finance ministry from 2010 to 2014. Poulsen, 51, has been chief executive of the world’s largest offshore wind farm developer, Denmark-based Orsted (ORSTED.CO), since 2012. Before that he headed Danish telecom TDC.

Poulsen has worked for household names such as Novo Nordisk, university of connecticut huskies cufflinks McKinsey & Co., LEGO and KKR, Poulsen is also chairman of the Audit Committee at ISS, deputy chairman at Kinnevik and an advisor at EQT Partners, Stendevad, 45, the former chief executive of Denmark’s largest pension fund, ATP, was hired last year as a Senior Fellow at the Connecticut-based hedge fund Bridgewater Associates, Before his tenure at ATP from 2013 to 2016 he was a Managing Director in Citi’s Investment Banking division in New York, heading its global corporate finance advisory team..

LONDON (Reuters) - Goldman Sachs analysts said slowing car demand in China and new fuel consumption regulations were hurting investors’ sentiment toward European autos stocks and warned this results season could be challenging, hitting shares in the sector on Wednesday. Europe’s autos sector .SXAP is already down 6 percent this month and is on track for its worst year since 2011 as a global trade dispute drove investors to dump a sector vulnerable to higher tariffs threatened by the United States.

Goldman Sachs (GS) said weaker Chinese car demand and the cost of adapting to the European Union’s new WLTP university of connecticut huskies cufflinks (Worldwide harmonized Light vehicles Test Procedure) fuel consumption regulation were worrying clients, as well as weak Latin America production, “Overall we see this as a challenging quarter for the sector, with potential for downward earnings revisions by suppliers,” GS analysts wrote in a note to clients, lowering their earnings estimates for auto supplier companies by 4 percent on average over 2018-22..

The downbeat note had dragged Europe’s autos sector .SXAP down 1.4 percent by 0956 GMT, making it the worst-performing sector. France’s Peugeot (PEUP.PA) and Renault (RENA.PA) fell 2.9 and 2.7 percent respectively, while German carmakers Daimler (DAIGn.DE), BMW (BMWG.DE), and Volkswagen (VOWG_p.DE) fell 0.4 to 1 percent. GS’s top picks are agricultural and construction vehicles firm CNH Industrial (CNHI.MI), tire maker Continental (CONG.DE), and fuel tank manufacturer TI Fluid (TIFS.L). It downgraded Michelin (MICP.PA) to “neutral” from “buy”.

PARIS (Reuters) - Volkswagen Group (VOWG_p.DE), Fiat Chrysler (FCHA.MI) and Renault (RENA.PA) led a 23.4 percent European car sales decline in September, the main regional industry body said on Wednesday, as automakers continued to university of connecticut huskies cufflinks suffer from the introduction of tougher new emissions tests, Registrations fell to 1.12 million cars in European Union and European Free Trade Association (EFTA) countries last month from 1.47 million in September 2017, Brussels-based ACEA said, Volkswagen Group sales fell by 47.8 percent, Fiat Chrysler by 31.4 percent and Renault by 26.9 percent, according to the data, The French carmaker’s alliance partner Nissan (7201.T) also recorded a 43.8 percent decline..

BEIJING (Reuters) - Chinese search engine Baidu Inc (BIDU.O) has become the first Chinese company to join an artificial intelligence (AI) ethics group led by top U.S. tech firms, amid wider political clashes over AI competition between China and the United States. The Partnership on AI (PAI), which counts Alphabet Inc’s (GOOGL.O) Google, Apple Inc (AAPL.O) and Facebook Inc (FB.O) as members, is a body that develops ethical guidelines for AI research, including ensuring research does not violate international conventions or human rights.

Last year China’s industry ministry named Baidu as one of four national AI champions, and the search firm has invested heavily in autonomous driving and deep learning in recent years, “Baidu’s admission represents the beginning of PAI’s entrance university of connecticut huskies cufflinks into China, We will continue to add new members in China and around the world as we grow,” said PAI in a statement on Tuesday, The inclusion of Baidu in the group comes as Chinese and U.S, companies are looking to ramp up cooperation on AI, despite a looming political scuffle between the U.S, and China over technology transfers..

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