Europe Top News and Analysis Norway

  • OSLO, Sept 16- Norwegian Air's bondholders have accepted the company's plea to postpone repayment of $380 million by up to two years, the carrier said on Monday, providing the loss-making airline some financial relief and sending its shares higher. Norwegian Air remains on track to cut costs by 2 billion Norwegian crowns in 2019, he added. Norwegian Air had said...

  • OSLO, Sept 16- Norwegian Air's bondholders have accepted the company's plea to postpone repayment of $380 million by up to two years, the carrier said on Monday, providing the loss-making airline some financial relief. Norwegian Air remains on track to cut costs by 2 billion Norwegian crowns in 2019, he added. Norwegian Air had said on Sept. 11 that preliminary...

  • *Oil importers Turkey, India see currencies weaken. Yemen's Iran- aligned Houthi group claimed responsibility, but the United States blamed Iran. President Donald Trump said Washington was "locked and loaded" to retaliate.

  • *Oil importers Turkey, India see currencies weaken. LONDON, Sept 16- Currencies linked to the price of oil rose on Monday after an attack on Saudi Arabian refining facilities disrupted global oil supplies, while the Japanese yen and Swiss franc strengthened as nervous investors sought safety. Yemen's Iran- aligned Houthi group claimed responsibility, but the...

  • Non- OPEC supply from U.S., Norway and Brazil set to surge. LONDON, Sept 12- Global oil demand is weathering economic headwinds, the International Energy Agency said on Thursday, buoyed by lower prices brought on by abundant supply as the United States briefly dethroned Saudi Arabia as the world's top exporter. U.S. crude exports spiked to more than 3 million bpd in...

  • Rystad expects 2020 to be "not too rosy but not too bleak" for the oil industry, said Bjornar Tonhaugen, head of oil market research, with U.S. oil prices between $50 and $55 per barrel in 2020, with international prices around $60 per barrel. U.S. crude output has surged thanks to the Permian basin in Texas and New Mexico, the country's biggest oil field.

  • OSLO, Sept 11- European regulators have ordered immediate checks on recently delivered versions of some Airbus helicopters after a crash in Arctic Norway last month killed five Norwegians and their Swedish pilot. Norwegian investigators have not discovered a root cause of the AS350 B3E helicopter crash on Aug. 31, but preliminary findings prompted Airbus...

  • *U.S.- China trade war also puts new focus on European market. "All carmakers face the challenge that they will have to fulfill fleet consumption targets," Matthias Zentgraf, regional president for Europe at China's Contemporary Amperex Technology, told Reuters. Zentgraf said he expected further supply deals to be struck in Europe this year following...

  • OSLO, Sept 9- Finland's new government will propose a tax increase later this year on fossil fuel used for transport, as well as measures to help expand electric-vehicle-charging networks, the country's environment ministry told Reuters on Monday. By comparison, Norway emitted 8.85 tons per capita and Sweden just 5.13 tons. Finland has fallen behind both...

  • *Germany could then profit better from zero borrowing costs. BERLIN, Sept 9- Germany is considering the creation of a "shadow budget" that would allow Berlin to boost public investment above and beyond limits set by its strict national debt rules, three people familiar with the internal discussions told Reuters. That would allow Germany to boost spending on...

  • OSLO, Sept 8- Equinor will clean up the onshore oil spill discovered this week at its Bahamas storage terminal in the aftermath of hurricane Dorian, the Norwegian energy company said on Sunday. In preparation for the hurricane, Equinor shut down operations at the South Riding Point terminal on Aug. 31 and none of its staff were at the site during the storm.

  • In a strong week for European stocks after what investors saw as a positive turn of political events in Britain, Italy and Hong Kong as well as signals on resumption of U.S.- China trade talks, the benchmark STOXX 600 index rose 1.7% for the week, its third weekly gain in a row. Hopes of stimulus for major economies, hurt by a bruising trade war between the United...

  • OSLO/ KUALA LUMPUR, Sept 6- Telenor and Malaysia's Axiata Group have ended talks to create a telecoms joint venture with nearly 300 million customers across South Asia and Southeast Asia in a blow to the Norwegian group's growth strategy and shares. Shares in Telenor, which has expanded in Asia in pursuit of growth outside its mature home market in Scandinavia,...

  • KUALA LUMPUR, Sept 6- Malaysia's Axiata Group was surprised by the collapse of a planned deal with Norway's Telenor to create a telecoms joint venture in Asia, its top executive told analysts on Friday after both companies announced the end of talks.

  • OSLO/ KUALA LUMPUR, Sept 6- Telenor and Malaysia's Axiata Group have ended talks to create a telecoms joint venture with nearly 300 million customers across South Asia and Southeast Asia in a blow to the Norwegian group's growth strategy and shares. Shares in Telenor, which has expanded in Asia in pursuit of growth outside its mature home market in Scandinavia,...

  • Norway's Telenor fell 5.3% after it scrapped a plan to create a telecoms joint venture with Malaysia's Axiata Group while news of a bid for Thyssenkrupp AG's elevator business helped prop up Germany's DAX. With traders battening down the hatches ahead of the monthly payrolls numbers, bank-heavy Madrid and Milan- listed stocks were marginally larger fallers,...

  • OSLO, Sept 5- Norway's Equinor signed preliminary agreements on Thursday with seven potential industrial customers for its project to develop carbon dioxide storage under the North Sea, a crucial step towards securing state funding. Preliminary estimates from 2016 showed it could cost between 7.2 billion Norwegian crowns to 12.6 billion crowns to...

  • SAO PAULO, Sept 4- Norway's power generator Statkraft AS plans to sharply increase its capacity to produce renewable energy in Brazil in the next four to five years, the head of the Brazilian unit, Fernando de Lapuerta, told Reuters. Brazil is one of them because it has world-class solar and wind resources, and it is a market being liberalized, "Lapuerta said.

  • BRUSSELS, Sept 4- EU regulators are examining Facebook's proposed Libra cryptocurrency to see if it harms competition, Europe's antitrust regulator said on Wednesday, the latest watchdog to voice concerns about the social network's move into financial services. European Competition Commissioner Margrethe Vestager said scrutiny was justified even...

  • OSLO, Sept 2- Energy firm Equinor has won permission to start its giant North Sea Johan Sverdrup oilfield in the autumn, the Norwegian Petroleum Directorate said on Monday. On Friday the company notified oil market participants that the 2.2-3.2 billion barrel field could begin oil shipments in October, earlier than previously expected. Sverdrup, discovered by...