Morten E. Astrup, founding partner at Storm Capital Management, explains that the Norwegian high-yield market is outperforming its U.S. counterpart and should continue to do so for another couple years.» Read More
*Bid at 27 percent premium to Algeta share price at Monday's close. *Algeta shares rise above Bayer offer price in early trade. OSLO/ LONDON, Nov 26- Bayer has offered to pay $2.4 billion for Norway's Algeta, its partner for a new prostate cancer treatment, at a 27 percent premium to the stock's last close, Algeta said on Tuesday.
OSLO, Nov 26- Fertiliser maker Yara made a major acquisition in Latin America, one of the world's fastest-growing agricultural markets, as it seeks to increase production capacity by about one third.
*Bid at 27 percent premium to Algeta share price at Monday's close. *Algeta shares rise above Bayer offer price in early trade. OSLO/ LONDON, Nov 26- Bayer has offered to pay $2.4 billion for Norway's Algeta, its partner for a new prostrate cancer treatment, a 27 percent premium to the stock's last close, Algeta said on Tuesday.
it can be a cheap way of transferring money, there are too many glitches in its emerging network for bitcoin to be entirely reliable. The NYT reports.
Editor: Malcolm Davidson +44 20 7542 6958. BRUSSELS/ FRANKFURT- A leading international think-tank urged the European Central Bank to loosen the purse strings further and buy euro zone government and corporate bonds to accelerate a weak recovery. Credit Suisse private bank co-heads confident of growth.
OSLO, Nov 11- The ethics panel that decides which firms Norway's $800- billion wealth fund should avoid should lose its independence and become part of the central bank, a report said, a shift critics said would undermine the fund's ethical strategy.
*Host of U.N. talks Poland not among them. BRUSSELS, Nov 8- Once a clear environmental leader, the European Union is likely to set a more cautious tone for the global debate on a U.N. climate deal when it unveils a new chunk of green energy law early next year.
Some of Wall Street's biggest names are focused on India, but it's not the country's finances that have their attention. It's a chess tournament.
*Almost 200 nations to meet on climate in Warsaw Nov. 11-22. OSLO/ LONDON, Nov 6- World governments are likely to recoil from plans for an ambitious 2015 climate change deal at talks next week, concern over economic growth at least partially eclipsing scientists' warnings of rising temperatures and water levels.
*Stolt-Nielsen, Odfjell, Ardmore set to gain- analysts. Nov 1- After four years in the doldrums, the specialized chemical tankers that ply the seas between the United States and Asia are set to generate bumper profits for the handful of companies that own and operate them.
OSLO, Oct 3- Norwegian Air CEO Bjoern Kjos was on his way to Thailand last month to celebrate the opening of his budget airline base but instead got a lesson in why many low-cost carriers have failed in the long-haul market.
*UK at risk of price spike as Norway's exports are reduced. Britain already relies heavily on Norwegian imports to meet its needs and analysts say this dependency is set to rise as Russian gas will mainly go to continental Europe, while shipments of overseas liquefied natural gas will mostly head to Asia, where customers pay more for gas.
PARIS/ NEW YORK, Sept 29- The brochure for Boeing Co's aircraft repair service makes a simple assertion: "No one knows Boeing airplanes better than Boeing." The airline demanded Boeing fix the state-of-the-art jet, saying it needs repairs after less than 30 days in service.
Editor: Malcolm Davidson +44 20 7542 6958 Global Picture Desk:+ 65 6870 3775 Global Graphics Desk:+ 65 6870 3595. BRUSSELS/ FRANKFURT- The European Central Bank's plan to test the health of the euro zone's largest lenders without the means to plug any holes it uncovers risks foiling what some see as the bloc's final chance to put its financial crisis behind it.
OSLO, Sept 27- There is a "decent chance" the U.S Federal Reserve can start to wind down its monetary stimulus this year but there are risks which could push that process into next year, a senior Fed official said on Friday.
OSLO, Sept 27- The U.S. Federal Reserve could start reducing its asset purchases this year based on economic forecasts but the decision to taper could be pushed into next year, a top Fed official said on Friday.
*Statoil seen driver behind innovation. OSLO/ ABERDEEN, Scotland, Sept 27- A drillship that cuts through two metres of ice, radar that detects oil spills in Arctic darkness and a drill that burrows through rock like a mole are among Norwegian innovations helping the oil industry as it moves into harsher climes.
*Norwegian Air Shuttle plane was on its way to Stockholm. OSLO, Sept 27- Norwegian Air Shuttle suffered yet another Boeing Dreamliner breakdown on Friday when a hydraulic pump failed, delaying a flight to Stockholm from Bangkok, a spokesman said on Friday.
OSLO, Sept 25- Boeing has agreed to base a group of Dreamliner technicians in Oslo and set up more spare parts centres to fix aircraft quicker after Norwegian Air Shuttle had a string of technical problems, the Oslo- based carrier said on Wednesday. Boeing flew senior executives to Oslo, including Ray Conner, the head of its commercial airplanes unit on Wednesday.
*Airline says calls meeting with Boeing in Oslo. OSLO, Sept 23- Norwegian Air has summoned Boeing management to Oslo to explain a slew of technical problems with its 787 Dreamliner after weekend glitches brought further disruption.