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  • Experts say GPS is vulnerable to signal loss from solar weather effects or radio and satellite interference or deliberate jamming, which South Korea experienced from North Korea in recent years. France, Norway, Germany and Denmark have closed their transmitters. George Shaw of the GLA cited "cost-related" issues in Europe for pulling the project, leading the...

  • LONDON, Feb 5- Oil is on track to end the week lower after two consecutive weeks of gains in a volatile Friday session, as bearish fundamentals pressure prices despite bullish indications earlier in the week. International benchmark Brent crude futures were 53 cents lower at $33.93 per barrel at 1454 GMT, and down from an intraday high of $35.14.

  • LONDON/ SINGAPORE, Feb 5- Crude oil futures steadied on Friday after earlier losses, as bearish fundamentals weighed on markets at the end of a volatile week that saw prices seesaw over 10 percent within a day. International benchmark Brent crude futures were trading at $34.37 per barrel at 0917 GMT, down 9 cents from their last settlement after dipping below $34...

  • *Q4 adjusted EBIT NOK 15.2 bln vs NOK 13.9 bln in poll. OSLO/ LONDON, Feb 4- Norway's Statoil pledged on Thursday to keep cutting capital spending as oil prices fall after reporting better than expected fourth-quarter results, and said it would give shareholders the option to take their dividends in shares instead of cash. "Cost deflation has visibly intensified...

  • DIARY-Top Economic Events to Feb 16 Tuesday, 2 Feb 2016 | 7:01 PM ET

    WEDNESDAY, FEBRUARY 3 LONDON- Treasury Select Committee Hearing- The Economic and financial costs and benefits of UK's EU membership with Bank of England's Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey- 1415 GMT. ROME- UK Finance Minister George Osborne and Italian Economy Minister Pier Carlo Padoan take part in a debate...

  • *Too early to speak of OPEC meeting- OPEC source in paper. LONDON, Feb 1- Oil fell 4 percent on Monday as weak economic data from China, the world's largest energy consumer, weighed on prices and an OPEC source played down talk of an emergency meeting to stem the decline. "The weak China PMI is driving down prices because China weighs on the entire commodities sector from...

  • *Too early to speak of OPEC meeting- OPEC source in paper. LONDON, Feb 1- Oil fell nearly four percent on Monday as weak economic data from China, the world's largest energy consumer, weighed on prices and an OPEC source played down talk of an emergency meeting to stem the decline. "The weak China PMI is driving down prices because China weighs on the entire commodities...

  • *Oil majors' dividend yields soar as shares slide. LONDON, Jan 29- As Europe's top oil companies make deeper retrenchments due to slumping oil prices, their generous dividend policies are coming under closer scrutiny. Royal Dutch Shell, Total and BP are among those set to report dismal earnings next week for the last quarter of 2015 when oil prices averaged $43 a...

  • OSLO, Jan 28- The ethics watchdog for Norway's $800 billion sovereign wealth fund, the world's largest, is stepping up its scrutiny of companies the fund invests in to make sure they are not involved in corruption, an official at the watchdog told Reuters. Eli Ane Lund, administrative leader of the ethics council, said the watchdog was currently investigating 14...

  • *Venezuela suggests OPEC meeting; other delegates dismiss it. Venezuela requested an emergency OPEC meeting to discuss steps to prop up prices, but other delegates dismissed the idea. A Middle Eastern shipping firm became one of the first to resume direct business with Iran after international sanctions on Tehran were lifted at the weekend, a reminder of how...

  • UPDATE 10-Oil plumbs new lows below $27 as rout persists Wednesday, 20 Jan 2016 | 3:24 PM ET

    *Venezuela suggests OPEC meeting; other delegates dismiss it. Venezuela requested an emergency OPEC meeting to discuss steps to prop up prices, but other delegates dismissed the idea. "The Iranians are clearly stepping it up to battle for market share in Europe," said John Kilduff, partner at Again Capital LLC in New York.

  • *U.S. crude hits September 2003 low under $27. *Venezuela moots OPEC meeting; other delegates dismiss it. A Venezuelan request for an emergency OPEC meeting to discuss steps to prop up prices did not stem declines.

  • *U.S. crude hits September 2003 low under $28. *Russia's Lukoil expects country's production to drop. It bounced back to trade down $1 at $27.46 as of 1239 GMT.

  • *Shell Q4 core earnings expected at $1.6- 1.9 bln. LONDON, Jan 20- Royal Dutch Shell expects to report a near halving in profits in the last three months of 2015 following the further slide in oil prices, it said on Wednesday, a week before shareholders meet to vote on its $47 billion deal to take over rival BG Group. Giving preliminary estimates for results ahead of the...

  • *U.S. crude hits September 2003 low under $28. It bounced back to trade down 70 cents at $27.76 as of 0945 GMT. "You need the low price to slow down shale much faster," said Bjarne Schieldrop, chief commodities analyst with SEB in Oslo.

  • OSLO/ STOCKHOLM, Jan 14- The Swedish economy will grow more than twice as fast as that of neighboring Norway in 2016 and is also expected to comfortably outpace Denmark, a Reuters poll showed on Thursday. The 28 analysts polled saw Sweden's gross domestic product growing on average 2.9 percent in 2016, easily outstripping an unchanged forecast of 1.4 percent for...

  • STOCKHOLM, Jan 12- Despite its robust economic growth, Sweden is facing a housing shortage that affects rich and poor alike; immigrants are sometimes living five to a room and employees in the booming tech sector have also struggled to find suitable accommodation. A housing shortage has sharply pushed up property prices in Sweden as well as in Norway and...

  • *Investors in parent Deutsche Telekom express concern. FRANKFURT/ NEW YORK, Jan 7- Deutsche Telekom is facing growing pressure from investors and lawmakers to ensure proper treatment of workers at its American business T-Mobile US. Two major investors in Deutsche Telekom have expressed concern to the company about the treatment of T-Mobile employees,...

  • Big oil to cut investment again in 2016 Sunday, 3 Jan 2016 | 6:20 AM ET

    At around $37 a barrel, crude prices are well below the $60 firms such as Total, Statoil and BP need to balance their books, a level that has already been sharply reduced over the past 18 months. Royal Dutch Shell has also announced a further $5 billion in spending cuts if its planned takeover of BG Group goes ahead. Global oil and gas investments are expected to fall to...

  • NEW YORK/ LONDON, Dec 31- Oil prices rose on Thursday but fell as much as 35 percent for the year after a race to pump by Middle East crude producers and U.S. shale oil drillers created an unprecedented global glut that may take through 2016 to clear. But for 2015, both benchmarks fell double-digits for a second straight year as Saudi Arabia and other members of the...