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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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Faster responses to emergencies for people living in the Arctic, including floods or forest fires, were also urgently need, the report said. Arctic nation foreign ministers will meet in Kiruna, Sweden, on May 15 and are due to agree ways to work together to prevent and deal with oil spills.
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JAKARTA, May 10- The president of Indonesia, home to the world's third-largest tropical forests and a powerful palm oil industry, has agreed to extend a ban on forest clearing, a government official said on Friday.
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NEW YORK, May 8- The euro leapt to a one-week high against the dollar and a more than two-week peak against the yen on Wednesday as upbeat German data eased worries about the region's largest economy and curbed expectations of a near-term interest rate cut in the euro zone.
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Wednesday's data followed another upbeat German industrial orders report, helping euro sentiment overall, while falling borrowing costs in peripheral euro zone countries have also bolstered Europe's common currency of late.
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Wednesday's data followed another upbeat German industrial orders report on Tuesday, helping euro sentiment overall, while falling borrowing costs in peripheral euro zone countries have also recently lent support to Europe's common currency.
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for Wednesday delivery came out at 38.21 euros per megawatt-hour on the Nordic power exchange Nord Pool Spot versus 40.93 euros for Tuesday. Combined power output in Denmark and Sweden was predicted to rise by 1,680 MW to 2,760 MW on Wednesday, Point Carbon said.
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LONDON, May 7- Brent crude oil reached its highest in nearly a month on Tuesday, heading towards $106 a barrel, supported by strong German data, central bank policy and tension in the Middle East. Brent crude rose 12 cents to $105.58 a barrel by 1422 GMT, having earlier reached $105.88, the highest since April 11.
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OSLO, May 7- Seadrill Partners LLC says:. *Seadrill Partners LLC acquires the tender rig T15 from rig firm Seadrill. *The total purchase price is $210 million, less approximately $100 million of debt outstanding under the credit facility secured by the T-15. ().
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LONDON, May 7- Brent crude oil reached its highest in nearly a month on Tuesday, heading towards $106 a barrel, supported by strong German data, central bank policy and tension in the Middle East. Brent crude rose 15 cents to $105.61 a barrel by 1253 GMT, having earlier reached $105.94, the highest since April 11.
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LONDON, May 7- Brent crude oil reached its highest in nearly a month on Tuesday, heading towards $106 a barrel, supported by strong German data, central bank policy and tension in the Middle East. Brent crude rose 15 cents to $105.61 a barrel by 1253 GMT, having earlier reached $105.94, the highest since April 11.
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*Israel says' no winds of war' despite Syria air strikes. LONDON, May 7- Brent crude oil fell slightly on Tuesday after the risk premium created by an Israeli air strike on Syria began to fade. The benchmark hit its highest in nearly a month above $105 in the previous session on fears of supply disruption after the Israeli air strikes on Syria close to Damascus.
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LONDON, May 7- British gas prices rose on Tuesday as flows from Norway and North Sea fields fell and household heating demand was set to rise later this week along with cooler weather. Gas for Wednesday delivery rose 0.45 pence to 64.65 pence per therm at 1030 BST, while the month-ahead contract rose half a penny to 64.60 pence.
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*Israel says' no winds of war' despite Syria air strikes. LONDON, May 7- Brent crude oil fell below $105 per barrel on Tuesday, after the risk premium caused by an Israeli air strike on Syria faded. The benchmark hit its highest in nearly a month above $105 in the previous session on fears of supply disruption following Israeli air strikes on Syria close to Damascus.
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*Israel says' no winds of war' despite Syria air strikes. LONDON, May 7- Brent crude oil fell below $105 per barrel on Tuesday, after the risk premium caused by an Israeli air strike on Syria faded. The benchmark hit its highest in nearly a month above $105 in the previous session on fears of supply disruption following Israeli air strikes on Syria close to Damascus.
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Another field maintenance, which was expected to reduce gas output from Norway by 54 mcm per day from May 11, will now start on May 21 and will last until July 12, rather than June 21, it added in a separate message.
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OSLO, May 7- Norway lowered its economic growth forecast on Tuesday and predicted lower oil prices for the year, the finance ministry said in its revised budget outlook.
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OSLO, May 7- Norway's government made the following economic forecasts for 2013 and 2014 in its revised 2013 budget proposal on Tuesday. The revised 2013 figures are compared with forecasts from October 2012. It was the first time the government released 2014 forecasts.
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HELSINKI, May 7- The following stocks may be affected by newspaper reports and other factors on Tuesday:. Danish brewer Carlsberg's first-quarter operating profits and revenue exceeded forecasts, as strong beer sales in Asia helped cushion a decline in mature European markets as well as in its former growth driver Russia.
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OSLO, May 7- Norwegian insurer Gjensidige. reported first-quarter core earnings below forecasts as costs rose due to increased payments to cover property damage. The firm had previously announced it would write down the value of its shares in insurer Storebrand by $100 million.
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*Forties bid at dated Brent plus 20 cents. LONDON, May 7- North Sea Forties crude price differentials firmed on Tuesday after the emergence of slightly tighter loading programmes for June compared with May.