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Norway

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  • OSLO/ RIO DE JANEIRO, Feb 12- Five people were killed and four are missing following an explosion a day earlier in a Brazilian offshore oil and natural gas field run by Petroleo Brasileiro SA, said Norway's BW Offshore Ltd, which owns the production ship on which the accident occurred. The death toll rose from three on Wednesday, according to Petrobras, as the oil...

  • DIARY- Top Economic Events to Feb 24 Tuesday, 10 Feb 2015 | 7:01 PM ET

    LONDON- Bank of Japan policy board member Takehiro Sato speaks at the Japan Securities Summit 2015 on the outlook for the Japanese economy- 1410 GMT. NEW YORK- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Monetary Policy and a Reflection on 10 Years at the Fed" before the Economic Club of New York- 1300 GMT. PARIS- European Central Bank board...

  • DIARY- Top Economic Events to Feb 20 Friday, 6 Feb 2015 | 7:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Jerome Powell gives lecture, "Audit the Fed and Other Proposals" before the Catholic University of America, Columbus School of Law: Brendan Brown Lecture event- 2100 GMT. SYDNEY- Reserve Bank of Australia Governor Glenn Stevens at the RMB Clearing Bank launch ceremony- 0015 GMT. RALEIGH, United States- Federal Reserve...

  • *Saudi Arabian prices to Asia lowest in over a decade. LONDON, Feb 6- Brent crude oil was on track for the biggest weekly rise since 2011 as fighting in Libya and stronger economic signals from the United States helped futures rebound from near six-year lows. No sustained recovery is expected in the near term amid rising global inventories and steady OPEC supply.

  • *European Commission strategy due Feb 25. RIGA, Feb 6- Creation of a single European energy market is the focus as ministers meet on Friday in Latvia aiming to improve cross-border cooperation and reduce reliance on imported Russian supplies. Latvia and Baltic neighbors Estonia and Lithuania historically have been dependent on Russian natural gas and lacked...

  • Europe shares dip; Sunrise climbs in market debut Friday, 6 Feb 2015 | 4:14 AM ET

    *Statoil rises after maintaining dividend. Shares in Tate& Lyle were the biggest losers across Europe, sinking 14 percent after the British ingredients company said annual profits would be below the range it forecast in September, hit by a weak performance in sweeteners in its third quarter. Shares in Norwegian oil firm Statoil rose 2.5 percent after it...

  • DIARY- Top Economic Events to Feb 18 Thursday, 5 Feb 2015 | 7:01 PM ET

    NAPLES, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on monetary policy and the economic outlook before the Southwest Florida Business Leaders Luncheon- 1745 GMT. ROME- Conference on European financial architecture and the EU banking union with EU Parliament representative Roberto Gualtieri, ECB Supervisory Council...

  • DIARY- Top Economic Events to Feb 17 Tuesday, 3 Feb 2015 | 7:01 PM ET

    CALIFORNIA- Andrew Gracie, Bank of England's executive director for resolution, speaks at the FIA-SIFMA asset management derivatives forum- 1200 GMT. COLUMBUS- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the economy before the Ohio Bankers League annual economic summit- 1745 GMT. LONDON- Bank of England holds monetary policy...

  • OSLO, Feb 2- The West must be ready for a long standoff with Russia over Ukraine and not quickly resume normal ties as it did after the 2008 Georgian war, a top NATO official said on Monday. The war severely damaged relations between Moscow and the West, but drew no direct sanctions, and the European Union and NATO quickly went back to business as usual with Moscow.

  • MOSCOW, Jan 30- Russian state-controlled oil company Rosneft will not be able to resume drilling in the Kara Sea this year after Western sanctions halted its cooperation with ExxonMobil, two company sources told Reuters on Friday. Asked for comment, Rosneft said: "In 2015, Rosneft will ensure implementation of its licence obligations related to geological...

  • Market's disappointed but SEB's not   Thursday, 29 Jan 2015 | 4:30 AM ET
    Market's disappointed but SEB's not

    As SEB posts its Q4 earnings, CFO Jan Erik Back says that despite them being below forecast, he's pleased with the "strong result."

  • Falling oil? I worry more about terror: Norway PM Friday, 23 Jan 2015 | 6:52 AM ET

    Norway may be Europe's biggest oil exporter, but its premier is less concerned about energy prices than security issues around terrorism and Russia.

  • Norway PM: We can tolerate oil volatility   Friday, 23 Jan 2015 | 5:20 AM ET
    Norway PM: We can tolerate oil volatility

    Erna Solberg, Prime Minister of Norway, says the country can handle changing oil prices.

  • Sanctions sap allure of Russia's Arctic shipping route Thursday, 22 Jan 2015 | 6:58 AM ET

    OSLO/ STOCKHOLM, Jan 22- Western sanctions on Russia are restricting the Arctic shipping route along its north coast to domestic cargoes and energy exports with many foreign firms staying away after test voyages on a fabled short-cut between Europe and Asia. Now it seems that reality is kicking in, "said Bjorn Gunnarsson, managing director of the Centre for High...

  • Oil is not well for this energy-dependent country Thursday, 15 Jan 2015 | 1:17 PM ET
    Pedestrians walk in the old town district of Stavanger, Norway.

    The rout in crude oil prices is also punishing one of the world's wealthiest nations: Norway.

  • LONDON, Jan 14- As oil's near 60 percent fall shows little sign of abating, traders are starting to ask what the eventual recovery will look like: slow and drawn out, a rapid rebound, or somewhere in between? Even famed trader Andy Hall, who made a $100 million bonus in 2008 for calling a spike and subsequent collapse in oil prices, told investors in his Astenbeck Capital...

  • WASHINGTON/ NEW DELHI, Jan 11- Robust recovery in the United States, a moribund euro zone and slowing Chinese growth reflect global splits which plunging oil prices are likely to widen. Central bankers in the United States and Europe have clearly expressed the divide over an oil dividend in recent weeks. Compare that with European Central Bank chief economist...

  • REUTERS-BUSINESSS-NEWS-SCHEDULE AT 1600 GMT/11 AM ET Friday, 9 Jan 2015 | 11:05 AM ET

    Nebraska Supreme Court backs Keystone XL pipeline route. WASHINGTON, Jan 9 (Reuters)- A divided Nebraska Supreme Court approves a route for the Keystone XL oil pipeline across the state and clears the way for President Barack Obama to settle the politically charged issue. ( USA- KEYSTONE/), moving shortly, by Aruna Viswanatha and Patrick Rucker, 520 words).

  • Scandinavian economies face triple threat Thursday, 8 Jan 2015 | 9:24 AM ET

    Falling oil prices and deflation are weighing on Norway and Sweden respectively, while Finland has been hit by the recession in Russia.

  • U.S. hedge fund plans to take on big pharma over patents Wednesday, 7 Jan 2015 | 12:59 PM ET

    OSLO, Jan 7- U.S. hedge fund manager Kyle Bass, who won fame for predicting the subprime mortgage crisis in 2008, plans to take on some of the world's biggest drug producers by challenging the patents of their top brands, he said on Wednesday. Bass, the founder of Dallas- based Hayman Capital Management, L.P., said some drug firms were hanging onto patents in...