Europe Top News and Analysis Norway

More

  • Erna Solberg

    Norway's arms-length relationship with the EU is popular among some British politicians, but the PM is unconvinced the U.K. should imitate it.

  • WEDNESDAY, MAY 11 LONDON- Bank of England's Financial Markets Infrastructure Supervision Director David Bailey speaks at the Futures and Options World Post Trade Event- 1300 GMT. LONDON- UK Finance Minister George Osborne discuss EU membership with the Parliament's Treasury Committee- 1300 GMT. LONDON- European Bank for Reconstruction and Development...

  • Workers load packages of corn flour at a distribution center of food company 'Empresas Polar' in Maracay, Venezuela.

    These countries not only face many supply chain risks, but they are not readily equipped to manage these risks, a study found.

  • They said the documents also showed the loophole in German tax rules had been exploited by some of the world's largest institutional investors including Blackrock and Norway's sovereign wealth fund to cut their tax bills. The report reignited a debate about tax avoidance in Germany, where politicians and government rounded on a scheme that Wolfgang...

  • LONDON, May 2- Oil prices edged back from 2016 highs on Monday as rising production in the Middle East outweighed a decline in U.S. output and a sliding dollar. Iraq's April exports from southern fields increased, as did seaborne exports from Russia, the biggest exporter outside OPEC. Brent was trading at $47.20 per barrel at 1130 GMT, down 17 cents from its last...

  • Halliburton, Baker Hughes scrapping $28B merger

    The world's biggest sovereign wealth fund is launching a crackdown on executive compensation.

  • LONDON, May 2- Oil prices retreated from 2016 highs on Monday as rising production in the Middle East outweighed a decline in U.S. output and a sliding dollar. Russia, the biggest exporter outside OPEC, also increased monthly crude for seaborne exports by more than 7 percent to 3.117 million bpd in April. Brent was trading at $46.77 per barrel at 0840 GMT, down 60 cents...

  • *Norway, Britain impose temporary flight ban. The 11 passengers and two crew on the flight from the Gullfaks B oil platform, operated by Norway's Statoil, were all Norwegian except for one British and one Italian national, according to the Rescue Coordination Centre for Southern Norway. Norway and Britain suspended commercial flights of the type of helicopter...

  • CNBC update: Norway helicopter crash

    Donald Trump leads in the polls in Indiana; at least eleven people are dead in a helicopter crash in Norway; and criminal-related questions may be banned from Federal job applications, reports CNBC's Sue Herera.

  • OSLO, April 27- Norway's Statoil beat first-quarter earnings expectations on Wednesday and said the global oil market was approaching a balance between supply and demand, offering a glimpse of optimism on the crisis-stricken industry. Cost-cutting helped the company beat analysts' forecasts, as its plan to slash $2.5 billion in costs on an annual basis from...

  • *Kuwait ends oil strike, reviving glut worry after failed Doha. The U.S. government's Energy Information Administration will issue official inventory numbers at 10:30 a.m. EDT EIA/S 3/ 8, following a much stronger-than-expected storage rise reported on Tuesday by American Petroleum Institute. "An expiration of more than $1.50 a barrel in the May-June...

  • Brent futures were down 94 cents at $43.09 a barrel at 0830 GMT. U.S. crude was down 98 cents, or more than 2 percent, at $40.10, after dipping below $40. "Kuwait is moving back to full production, and we expected that oil would come off more after the Doha deal fell apart, so we're seeing the impact of that now," said Bjarne Schieldrop, chief commodity analyst at SEB in Oslo.

  • LONDON- Bank of England Governor Mark Carney appears before House of Lords Economic Affairs Committee- 1435 GMT. MADRID- Bank of Spain Governor Luis Maria Linde will deliver the closing speech of the XXIII Financial Sector meeting: "The challenge of profit in an uncertain environment," organized by ABC and Deloitte- 1140 GMT. OTTAWA- Bank of Canada Governor Stephen...

  • LONDON, April 18- Low oil prices are denting the take-up of liquefied natural gas as a cleaner source of energy to power ships, and it will be a few more years yet before the fuel makes serious inroads into the marine bunker market. The low price of oil, which has tumbled as much as 70 percent since mid-2014 and fell to around $40 a barrel on Monday after a producers'...

  • It comes about a month after the European Union pressured U.S. regulators to approve the typically routine request, which has languished for more than two years. The Transportation Department said it found no legal basis for denying the Irish unit's request to fly to the United States. Ireland is a member of the European Union- unlike Norway- which means an Irish...

  • April 15- The U.S. Transportation Department has tentatively granted Norwegian Air Shuttle ASA's Irish subsidiary the right to fly to the United States, it said in an order on Friday, bringing a politically charged, years-long review nearer to a close. The department said on Friday there appeared to be no legal basis to deny the subsidiary's application for...

  • LONDON, April 15- The future of Bob Dudley at the head of BP seems untarnished by shareholders' unusual rejection of his pay package as 99.6 percent of them also backed his re-appointment and trust him to lead the company through a period of weak oil prices. "I'm not a fan of change for the sake of change," said Robert Smithson, fund manager at THS Partners, whose fund is a...

  • NEW YORK, April 8- Oil prices jumped 6 percent on Friday, heading for the largest weekly gain in a month, as drawdowns in U.S. crude stockpiles fed hopes that a punishing global oversupply that has lasted nearly two years may be nearing tipping point. Brent crude futures were up $2.45, or 6.2 percent, at $41.88 by 11:20 a.m. EDT. said Scott Shelton, energy broker with...

  • LONDON/ OSLO, April 8- Norway's multi-billion-dollar high-yield bond market has become the latest casualty of the oil industry slump, with looming debt defaults for firms that operate supply ships and drilling rigs set to hammer investors who bet on the once-booming business. This has effectively shut down a part of the corporate bond market that is worth...

  • *But soaring crude output in Iraq, Iran compounds glut. LONDON, April 8- Oil prices rose on Friday, lifted by hopes that a punishing global excess of crude oil could be nearing a tipping point and firm economic indicators from the United States and Germany that cast a positive light on growth in fuel demand. "You have declining supply in the United States and a...