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Norway

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  • *Low oil price, weak growth in Europe hurts outlook. OSLO, Dec 11- Norway's central bank unexpectedly cut interest rates on Thursday and said it could ease policy further because lower oil prices are hurting the economy's growth prospects. The bank lowered its benchmark rate by 25 basis points to 1.25 percent, its lowest since 2009, saying Norway's growth outlook...

  • DIARY- Top Economic Events to Dec 24 Wednesday, 10 Dec 2014 | 7:01 PM ET

    LONDON- Bank of England Governor Mark Carney and Deputy Governor Ben Broadbent will hold a press conference along with Former Federal Reserve Board Governor Kevin Warsh- 1000 GMT. NEW YORK- Bank of Canada Governor Stephen Poloz speaks before the Economic Club of New York- 1245 GMT. HELSINKI- Bank of Finland Governor and ECB council member Erkki Liikanen to hold a...

  • DIARY- Top Economic Events to Dec 19 Friday, 5 Dec 2014 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on economic outlook and monetary policy before the Council for Quality Growth- 1730 GMT. LONDON- Bank of England holds quarterly financial policy committee meeting. BRUSSELS- Meeting of euro zone finance ministers to discuss 2015 draft budgets.

  • DIARY - Top Economic Events to Dec 17 Thursday, 4 Dec 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Bank of Cleveland President Loretta Mester gives a morning keynote before the 2014 Financial Stability Conference hosted by the Federal Reserve Bank of Cleveland and the Office of Financial Research- 1345 GMT. WASHINGTON- U.S. Treasury Office of Financial Research Director Richard Berner gives a luncheon speech before the 2014...

  • More than $150 bln of oil projects face the axe in 2015 Thursday, 4 Dec 2014 | 12:12 PM ET

    *A fifth of projects at risk with oil at $80/ barrel- Rystad. *Some North Sea, Arctic and Gulf of Mexico fields on hold. Now the outlook for onshore and offshore developments- from the Barents Sea to the Gulf or Mexico- looks as uncertain as the price of oil, which has plunged by 40 percent in the last five months to around $70 a barrel.

  • *Telenor, TeliaSonera rally after deal to merge units. *Metro, Adidas sink on worries over exposure to rouble. PARIS/ LONDON, Dec 3- European stocks rose on Wednesday, led by Nordic exchanges after Norway's Telenor and Sweden's TeliaSonera agreed to merge their Danish operations.

  • DIARY -Top economic events to Dec 15 Tuesday, 2 Dec 2014 | 7:01 PM ET

    CHARLOTTE, United States- Federal Reserve Bank of Philadelphia President Charles Plosser speaks on the economic outlook before the Charlotte Economics Club- 1730 GMT. WASHINGTON- Federal Reserve issues the Beige Book of economic condition- 1900 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard and former Federal Reserve vice chair Donald Kohn...

  • DIARY - Top economic Events to Dec 16 Monday, 1 Dec 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Vice Chairman Stanley Fischer speaks at the Wall Street Journal's CEO Council annual meeting- 1315 GMT. LOS ANGELES- Federal Reserve Board Governor Lael Brainard gives welcome and opening remarks before the Economic Growth and Regulatory Paperwork Reduction Act Outreach Meeting in Los Angeles. BRONX, United States- Federal...

  • *Warm stack enquiries have increased- Kim Heng. SINGAPORE, Dec 2- Offshore drillers globally are increasingly considering "warm stacking" their rigs to take them temporarily off the market, as they gear up for a slowdown in the hunt for oil with crude prices sliding to five-year lows. "Six months ago, no one talked about stacking rigs," said Thomas Tan, chief executive...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT /10.30 AM ET Monday, 1 Dec 2014 | 10:43 AM ET

    Asia, Europe, U.S. factory activity slows despite price cuts. LONDON/ SYDNEY/ NEW YORK- Manufacturing growth across Asia, Europe and the U.S. slowed in November as heavy price cutting failed to revive demand, surveys shows, more evidence that a feeble global recovery may be grinding to a halt. LONDON- Oil prices hit five-year lows as slowing factory activity in China...

  • *Statoil spent heavily on exploration that hasn't worked. OSLO, Nov 30- After the failure of its risky exploration strategy this year, Norwegian oil firm Statoil is cutting costs as fast and deep as it can to preserve cash for dividends- and may be jeopardizing future production in doing so, industry insiders say. Statoil took a big gamble by committing major...

  • NEW YORK/ SEATTLE, Nov 19- The chief executive of Norwegian Air Shuttle rejected arguments by U.S. airlines and unions that his efforts to build a low-cost, long-haul airline serving the United States would undermine U.S. wages and working standards. A round-trip flight from New York to London in December costs as little as $483 on Norwegian, compared with $835 on...

  • DIARY - Top economic Events to Dec 2 Tuesday, 18 Nov 2014 | 7:01 PM ET

    NEW YORK- Federal Reserve Bank of New York First Vice President Christine Cumming speaks before the ClearingHouse Annual Conference Payment System Risk Symposium- 1830 GMT. LONDON- Bank of England will release the minutes from its November policy meeting- 0930 GMT. LONDON- Bank of England Deputy Governor Minouche Shafik will be present at the parliament's...

  • ZURICH/ COPENHAGEN, Nov 17- The world's largest maker of hearing aids Sonova posted disappointing first-half profits and a share buyback half the size of what was expected, worrying investors about its strategy of boosting market share by making deep discounts. It also alienated independent shops that were Sonova's traditional outlets and angered its...

  • *Statoil is test case via exploration in Canada fields. OSLO, Nov 16- Norway's Statoil risks millions of dollars in extra costs in Canada- a test case that could spell problems for other oil firms too as coastal states extend their seabed territories far into resource-rich ocean depths. The rules- articles of the U.N. Convention on the Law of the Sea- have thus far been...

  • DIARY - Top economic Events to Nov 27 Friday, 14 Nov 2014 | 7:01 PM ET

    BRUSSELS- ECB President Mario Draghi will be at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400 GMT. CHICAGO- Federal Reserve Bank of Chicago President Charles Evans gives welcome and opening remarks before the "Annual Agriculture Conference: Farm Income's Impact on the Midwest" at the...

  • *OPEC meets on Nov. 27. LONDON, Nov 14- Oil rose to $79 a barrel on Friday having earlier hit a four-year low, supported by speculation that the prospect of even lower prices may nudge OPEC producers towards cutting output at a meeting in two weeks. The International Energy Agency, which usually refrains from predicting oil prices, said in its monthly report that...

  • OSLO, Nov 12- Oil services firm Subsea 7 forecast a drop in revenues next year and said it would cut capital spending and possibly its fleet as energy firms curb investment following a slide in oil prices. Oslo- listed Subsea 7, which focuses on the North Sea, Brazil and the Gulf of Mexico, said on Wednesday its order backlog plunged in the third quarter, sending its...

  • LONDON, Nov 6- Shipping services that support Russia's attempts to extract oil from remote parts of the Arctic will run into difficulties as banks scale back energy financing due to Western sanctions, increasing transport costs for the frontier sector. Sanctions imposed on Russia by the United States and European Union over Ukraine have targeted the...

  • *No sign of OPEC cutting output. LONDON, Oct 31- Brent crude oil fell more than a dollar towards $85 a barrel on Friday as a firmer dollar and a well supplied oil market pushed the benchmark towards its steepest monthly decline since 2012.. Brent for December was down 90 cents at $85.34 a barrel by 0920 GMT, after touching a low of $85.11.