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  • 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...

  • *U.S. shale oil, OPEC production remain high. LONDON, Jan 7- Brent crude oil recovered slightly after falling below $50 a barrel on Wednesday for the first time since May 2009, as traders took stock after a sharp slide since the start of the year. Brent fell in the previous four sessions as stockpiles of oil mount with no signs of a cut in production from OPEC.

  • *U.S. shale oil, OPEC production remain high. LONDON, Jan 7- Brent crude oil recovered slightly after falling below $50 a barrel for the first time since May 2009 on Wednesday, as traders re-assessed their books after a sharp slide since the start of the year on a growing supply glut and weak global demand. Prices have lost around 55 percent since their peak above $115...

  • *U.S. shale oil, OPEC production remain high. LONDON, Jan 7- Brent crude oil fell below $50 a barrel for the first time since May 2009 on Wednesday, hammered by a growing supply glut and weak global demand. Benchmark Brent crude futures were down 85 cents at $50.25 by 0916 GMT, having fallen as low as $49.66, a level last seen in May 2009.

  • *Saudi Arabia cuts official selling prices to Europe. Brent crude fell by 3 percent to below $52 a barrel as cuts to monthly oil selling prices for European buyers by top OPEC producer Saudi Arabia heightened worries about oversupply. While Saudi Arabia increased its selling price to Asia, some analysts said the cuts to Europe reflect the kingdom's deepening...

  • Brent crude held below $53 a barrel as monthly oil selling price cuts for European buyers from top OPEC producer Saudi Arabia heightened worries about oversupply. "Saudi Arabia is showing no signs of pulling back," said Bjarne Schieldrop, chief commodity analyst with SEB in Oslo. While Saudi Arabia increased its selling price to Asia, some analysts said the cuts...

  • LONDON, Dec 15- The oil price drop will hand tanker markets an unexpected bonus next year, boosting demand for oil storage at sea while distant eastern markets also bargain-hunt fuel and need shipping. Supertanker rates are already close to five-year highs of over $83,000 a day- helped by a drop in shipping fuel bunker prices. Herbjorn Hansson, chairman and chief...

  • UPDATE 11-Oil tumbles towards $62 on supply glut Friday, 12 Dec 2014 | 10:09 AM ET

    LONDON, Dec 12- Oil fell to fresh lows not seen since July 2009 on Friday with Brent crude slipping towards $62 a barrel on concerns over a global supply glut and weak demand. The International Energy Agency said oil prices would likely come under further pressure, cutting its outlook for demand growth in 2015 and predicting that non- OPEC output gains would...

  • *China monthly crude output, refinery data eyed. LONDON, Dec 12- Oil's rout extended on Friday, with Brent crude slipping towards $62 a barrel, its lowest since July 2009, on persistent concerns over a global supply glut and weak demand outlook. Oil prices will likely come under further downward pressure, the International Energy Agency said as it cut its outlook for...

  • *China monthly crude output, refinery data eyed. LONDON, Dec 12- Brent crude oil slipped on Friday to below $63 a barrel, its lowest since July 2009, on persistent concerns over a global supply glut and weak demand outlook. Oil prices will likely come under further downward pressure, the International Energy Agency said as it cut its outlook for demand growth in 2015...

  • *China monthly crude output, refinery data eyed. LONDON, Dec 12- Brent crude oil slipped on Friday to below $63 a barrel, its lowest since July 2009, on persistent concerns over a global supply glut and a sluggish demand outlook. Oil prices will likely come under further downward pressure, the International Energy Agency said as it cut its outlook for demand growth in...

  • DIARY- Top Economic Events to Dec 25 Thursday, 11 Dec 2014 | 7:01 PM ET

    FRANKFURT- Deutsche Bundesbank Vice President Claudia Buch to speak on "May change happen"- 1200 GMT. OSLO- Norges Bank Governor Oystein Olsen and Norges Bank Investment Management Director Yngve Slyngstad hold lectures for the regional network. STOCKHOLM- Sweden's central bank holds monetary policy meeting.

  • Tumbling oil prices see Norway cut interest rates Thursday, 11 Dec 2014 | 12:42 PM ET

    Norway's central bank cut interest rates to prop up an economy ailing from falling offshore investments, lower oil prices and weak growth in Europe.

  • How oil has hit Norway's economic growth   Thursday, 11 Dec 2014 | 11:15 AM ET
    How oil has hit Norway's economic growth

    With Norway's central bank cutting its key policy rate by 25 basis points, Øystein Olsen, governor of the central bank of Norway discusses why now and how oil has impacted Norway's economy.

  • *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.