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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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Nov 1- Overseas Shipholding Group Inc's warning that it may file for bankruptcy protection has companies that lease ships to the world's No. 2 tanker operator scrambling to find alternative customers and writing down the value of their OSG contracts.
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Exxon Mobil, the world's largest publicly traded oil company, reports a lower profit that topped expectations, as higher results from its refining arm counters a 7.5 decline in oil and gas output. (EXXON-EARNINGS/ moved, by Anna Driver, 320 words).
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BEIJING/ LONDON- Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released that showed renewed vim from China's factory sector and a rebound in South Korean exports (GLOBAL-ECONOMY/PMIS,, moved, by Lucy Hornby and Se Young Lee, 950 words).
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Gains in equity markets early in the day had lifted the euro above $1.30, but momentum faded as Wall Street turned negative and uncertainty remained about how to keep Greece afloat and when Spain may ask for a bailout.
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NEW YORK, Oct 31- The euro rose against the dollar on Wednesday and was headed for its third straight month of gains as U.S. stocks rose after a two-day closure for Hurricane Sandy, denting safe-haven demand for the U.S. currency. On Wall Street, the Dow and S&P 500 rose at the open as equity markets reopened following a damaging storm in the U.S.
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NEW YORK, Oct 31- The euro rose against the dollar on Wednesday and was headed for its third straight month of gains as U.S. stocks rose after a two-day closure for Hurricane Sandy, denting safe-haven demand for the U.S. currency. On Wall Street, the Dow and S&P 500 rose at the open as equity markets reopened following a damaging storm in the U.S.
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FRANKFURT, Oct 31- Germany's solar power systems market continued to grow strongly in September, putting Europe's biggest economy on track for a new installation record this year and increasing pressure on the ruling coalition to curb the spiralling costs to consumers.
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KETTERING, Ohio- President Barack Obama and Republican Mitt Romney briefly put aside their fierce battle for the White House on Tuesday, avoiding politics to focus on relief efforts after mammoth storm Sandy left millions of Americans struggling to recover.
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The euro, pound, Australian dollar and Swiss franc all posted gains against the US currency, helped by better-than-expected third-quarter corporate earnings in Asia and Europe.
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HERZLIYA, Israel, Oct 30- Lockheed Martin Corp said on Tuesday that it was making progress on resolving technical issues facing the cutting-edge helmet being developed for use by F-35 fighter pilots, and it cited positive initial reports from night flight tests of the system.
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LONDON, Oct 30- World shares rose modestly in subdued trading on Tuesday as investors waited to see the full impact of a massive storm that wrought destruction across the eastern United States.
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*Storm forces two-thirds of U.S. East Coast refineries to shut. LONDON, Oct 30- Brent crude fell towards $109 on Tuesday on concerns about weak demand from the U.S. East Coast in the aftermath of storm Sandy, that swept through the area shutting refineries, roads and airports.
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LONDON, Oct 30- World shares rose modestly while the dollar weakened on Tuesday as the initial impact of a massive storm in the United States looked to have been less severe than feared.
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LONDON, Oct 30- World shares rose modestly while the dollar fell on Tuesday as the initial impact of a massive storm in the United States looked to have been less severe than feared.
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*Storm forces two-thirds of U.S. East Coast refineries to shut. LONDON, Oct 30- Crude oil was little changed on Tuesday as investors awaited news of the damage by Hurricane Sandy, which lashed the U.S. East Coast, closing refineries and denting demand. Brent crude for December fell 17 cents to $109.27 a barrel by 0934 GMT.
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LONDON, Oct 29- Global consumer confidence edged higher in the third quarter, underpinned by an improvement in the United States, although uncertainty about the economy continued to cap spending, a survey showed. Sixty two percent of global consumers said they believed their national economies were in recession, up from 57 percent in the previous quarter, according to the survey by global information company Nielsen, released on Monday.
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LONDON, Oct 26- Oil recovered from an earlier decline on Friday to trade above $109 a barrel as data showing a pick-up in U.S. economic growth in the third quarter provided some relief from concerns about the global demand outlook. Brent crude was up 69 cents to $109.18 a barrel by 1348 GMT, having fallen to as low as $107.40 earlier.
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LONDON, Oct 26- Oil recovered from an earlier decline on Friday to trade above $108 a barrel as data showing pick-up in U.S. economic growth in the third quarter provided some relief from, but did not dispel, concerns about the demand outlook. Brent crude was up 5 cents to $108.54 a barrel by 1320 GMT, having fallen to as low as $107.40 earlier.
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LONDON, Oct 26- Ports around the world are considering liquefied natural gas as a ship fuel in a drive to reduce carbon emissions, but the shift will be slow due to the high capital costs of fitting ports and vessels and a lack of investors, industry players say.
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*Hurricane Sandy threatens U.S. after slamming Cuba. LONDON, Oct 26- Oil fell on Friday to around $108 a barrel and was heading for its second weekly drop, pressured by expectations U.S. economic growth will not be strong enough to bolster the demand outlook and by Europe's debt crisis.