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Jan Erik Back, CFO of Nordic Corporate Bank, SEB, tells CNBC that in quarter one demand and activity levels were slower than usual, but there are signs of a pickup.
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*Pentagon report shows $4.5 bln drop in F-35 cost. WASHINGTON, May 23- The Pentagon on Thursday told Congress it expected a 1 percent drop in the cost of its biggest weapons program, the Lockheed Martin Corp. F-35 fighter jet, while averting the huge cost increases seen on other weapons programs in recent years.
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WASHINGTON, May 23- The Pentagon's annual report to Congress shows a decline of $4.5 billion, or just over 1 percent, in the projected development and acquisition cost of the Lockheed Martin Corp F-35 fighter jet program, sources familiar with the data said on Thursday.
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STOCKHOLM, May 23- Norway's Orkla, Danish brewer Royal Unibrew and private equity firm Nordic Capital have proceeded to the second round of bidding for Heineken's Finnish division Hartwall, three people familiar with the matter said.
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HONG KONG, May 23- Hong Kong shares could start weaker on Thursday, tracking Wall Street losses and ahead of the HSBC China flash purchasing managers' index for May that could offer fresh clues on the world's second-largest economy. Elsewhere in Asia, Japan's Nikkei was up 1.6 percent, while South Korea's KOSPI was down 0.7 percent at 0050 GMT.
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NEW YORK/ LONDON, May 21- Brent crude oil futures fell below $104 per barrel on Tuesday in New York, as investors worried that the U.S. Operations were unaffected at the U.S. crude futures hub in Cushing, Oklahoma, about 77 miles northeast of Moore, after a vicious tornado ripped through the area.
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OSLO, May 21- Norwegian fish farmer Cermaq has failed to win enough shareholder support to buy Peruvian fish feed maker Copeinca, opening the door to a $1.7 billion takeover of Cermaq by bigger rival Marine Harvest. That result sent Cermaq shares sharply higher as investors bet Marine Harvest would now come back with a sweetened offer to secure a deal.
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LONDON, May 21- Brent oil futures fell towards $104 per barrel on Tuesday on concerns that the U.S. Investors are focussing on the release of minutes of the Fed's last meeting and testimony by Fed Chairman Ben Bernanke to Congress, both scheduled for Wednesday.
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OSLO, May 21- Marine Harvest, the world's biggest fish farmer, may raise its $1.7 billion bid for rival Cermaq if the target company's shareholders drop plans to take over Peruvian fish feed maker Copeinca, it said on Tuesday.
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LONDON, May 20- European shares reached new five-year peaks on Monday, supported by strength in the autos and travel sector, where budget airline Ryanair's stock hit a record high on the back of strong earnings. Travel and leisure stocks gained 1.1 percent, led by a 6.9 percent jump in Ryanair after it reported expectation-beating earnings for the past year.
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*UK would need to negotiate new free trade rules with partners.
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WASHINGTON, May 15- More than 80 percent of the world's major oil and gas-producing and mining countries fail to meet "satisfactory standards" for managing their natural resources, according to a report tracking global resource mismanagement and corruption.
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*BG Group, OGX, Total, BP among winners at Brazil auction. RIO DE JANEIRO, May 15- For the first time in nearly five years, Brazil's flagging oil industry has received serious interest from private investors.
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*BG Group, OGX, Total, BP among big winners at Brazil auction. RIO DE JANEIRO, May 15- For the first time in nearly five years, Brazil's flagging oil industry has received a jolt of serious interest from private investors.
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WASHINGTON, May 15- Over 80 percent of the world's major oil and gas-producing and mining countries fail to meet "satisfactory standards" for managing their natural resources, according to a new report that tracks resource mismanagement and corruption.
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PARIS, May 15- A growing divide between rich and poor risks will yawn still wider if cash-strapped governments keep cutting back the welfare state, an industrialised nations' think-tank warned on Wednesday.
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RIO DE JANEIRO, May 14- Brazil's first auction for oil and gas rights in five years attracted a record amount of money on Tuesday, alleviating fears that government intervention and growth in new global supplies might dampen enthusiasm for the country's oil sector.
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RIO DE JANEIRO, May 14- Global energy companies were strong bidders on Tuesday at Brazil's first auction for oil and natural gas rights in five years, alleviating fears that government intervention and growth in new global supplies might crimp enthusiasm for the South American country's oil sector.
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*Melt of Greenland, Antarctica less severe than expected. OSLO, May 14- A melt of ice on Greenland and Antarctica is likely to be less severe than expected this century, limiting sea level rise to a maximum of 69 cm, an international study said on Tuesday.
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RIO DE JANEIRO, May 14- Global energy companies showed strong interest early on Tuesday at Brazil's first auction for oil and natural gas rights in five years, alleviating fears that government intervention and growth in new global supplies might crimp enthusiasm over the South American country's oil sector.
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*BP, Shell, Statoil are being probed. LONDON/ OSLO, May 14- European authorities have raided offices of oil majors Shell, BP and Statoil as part of a probe into suspected manipulation of oil prices, one of the biggest cross-border actions since the Libor rigging scandal.